HSBC buys virtual real estate in sandbox metaverse

HSBC buys virtual real estate in sandbox metaverse

The financial service provider HSBC announced on Wednesday that he will acquire a virtual property in the Metaversum The Sandbox.

The purchase is part of a larger partnership with The Sandbox to get in touch with sports, e-sports and gaming fans Announcement .

"The metaverse is how people web3, the next generation of the Internet, will experience-with immersive technologies such as augmented reality, virtual reality and extended reality," said Suresh Balaji, Chief Marketing Officer at HSBC Asia-Pacific. Further details about the action have not been announced.

HSBC joins a clothes list of well-known brands and companies that have worked with the blockchain gambling company, including the Warner Music Group, Gucci and Adidas.

"We are pleased that large, trustworthy institutions such as HSBC join the open meta -severse of The Sandbox and accept the culture of Web3 by connecting to users through entertainment, games and user -generated content", Sebastien Borge, Chief Operating Officer and co -founder of The Sandbox, said in a statement.

last month unveiled a virtual lounge in the blockchain-based world Decentraland.

"If you think of the economy of meta verse - or metanomics - there are possibilities in almost every market area." wrote the bank in a note. "We are not here to suggest that the meta verse, as we know it today, will take over all human interactions, but to explore the many exciting opportunities that it offers for both consumers and brands."

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The contribution HSBC buys virtual real estate in sandbox metaverse is not a financial advice.