The Sandbox argued in a statement that this collaboration with HSBC will open up many opportunities for virtual communities around the world in The Sandbox metaverse to engage with global financial service providers and sports communities.
In the statement, “As part of the groundbreaking partnership between The Sandbox and HSBC, HSBC will acquire a LAND plot of virtual real estate in The Sandbox metaverse, which will be developed to engage and connect with sports, esports and gaming enthusiasts. ” it was said.
The agreement will open the door for other global organizations to continue innovating to meet users’ demands for more powerful experiences in the metaverse through decentralized and gamified offerings on the Web3.
Metaverse virtual worlds, many of which are built on blockchain technology, offer users interactive and immersive experiences. The global metaverse market is expected to grow from $45.4 billion in 2019 to $1.5 trillion in 2030.
