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Wednesday, July 6, 2022

๐ŸŽ“ An old British bank enters the world of metavirs

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The Sandbox today announced a new partnership with HSBC, one of the world’s largest banking and financial services providers, which will open up a range of opportunities for virtual communities around the world to engage with global financial services providers and Sandbox Metaverse sports communities.

The groundbreaking partnership between Sandbox and HSBC will see the global financial services provider acquire a virtual ownership parcel in the Sandbox Metaverse, which will be developed to connect with sports and gaming enthusiasts.

The deal opens the door for other global organizations to continue to innovate on Web3 as consumer adoption requires stronger Metaverse experiences through decentralized offerings.

The virtual worlds of the Metaverse offer interactive experiences to users, and many of these platforms are based on blockchain technology.

The global metaverse market is expected to grow from $45.4 billion in 2019 to a staggering $1.5 trillion in 2030.

Suresh Balaji, HSBC Asia Pacific Marketing Director, said: โ€œMetaverse is how people will experience Web3, the next generation of the Internet, using technologies such as augmented reality, virtual reality and expanded reality. At HSBC, we see great potential to create new experiences through emerging platforms, opening up a world of opportunity for our current and future customers and the communities we serve. Through our partnership with Sandbox, we’re tapping into the metaverse, enabling us to create innovative brand experiences for new and existing customers. We are excited to work with our sports partners, brand ambassadors and Animoca brands to co-create educational, inclusive and accessible experiences.โ€

Additionally, Sebastien Bourget, COO and co-founder of Sandbox, said: โ€œWe are excited to see large, trusted organizations like HSBC join the open Sandbox Metaverse and embrace Web3 culture, connecting with users through entertainment and gaming. . We believe this is the start of broader adoption of Web3 and Metaverse by organizations that are driving brand experiences and participating in this new ecosystem.”

As the Metaverse’s premier decentralized virtual gaming world, The Sandbox fully embraces the idea of โ€‹โ€‹the Metaverse as a continuous shared digital space where worlds and brands collide to create real utility and good economics.

Notably, HSBC joins more than 200 existing partnerships, including Gucci, Adidas, Atari and many more, all of which follow Sandbox’s vision of enabling gamers to create their own experiences using authentic and recognizable characters and worlds. will be announced in due course.

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