HSBC, an international banking and financial services organization, has teamed up with Sandbox to join the metaverse. According to Sandbox, HSBC would set up a “Sports Zone” on its virtual land to connect with gamers and Esports fans. HSBC hasn’t said much about what they’re going to do with the land they just bought, except for a gif that was tweeted with the official announcement.
It looks like HSBC and Metaverse are going to do something.
JPMorgan bought a site in Decentraland last month to start its blockchain project. The collaboration between HSBC and Sandbox is the first step in a trend of big financial companies joining the Web3 ecosystem. NFTs and virtual property are getting a lot of attention from all sides as a real possibility for a profitable business. Celebrities like Snoop Dogg have already started to climb in the metaverse. Ubisoft has already started to build things there. There is about $3 trillion worth of assets in the Sandbox metaverse. HSBC is the first multinational financial company to join.
An international banking company called HSBC is one of the world’s largest. It’s called Hong Kong and Shanghai Banking Corporation (HSBC). HSBC has operations in more than 65 countries, including Asia, North Africa, and the Middle East. This has helped the company build a good name. Web3 fans are excited to see what HSBC plans to do in the future as the company starts to grow in the metaverse. It’s now up 2%, but Sandbox’s native token, SAND, is up a lot more.
The Sandbox metaverse is a place where well-known companies like HSBC can show off their brand experiences and get people to interact with them. Sebastien, The Sandbox’s COO, and one of its co-founders Borget said that They think this is the start of more companies using Web3 and the metaverse to help people interact with their brands in this new ecosystem.
