PwC Hong Kong reportedly disclosed details of its presence across the metaverse sphere, via completing the acquisition of LAND in the popular world The Sandbox.

Specifically, regardless of the amount dedicated to finalizing the purchasing of LAND asset was not revealed, it was reportedly noted that the Hong Kong-based subsidiary of Big Four PwC has a target of completing the instruction of a Web 3.0 advisory hub, aimed at supporting a new generation of professional services, nominally accounting and taxation.

The global organization PwC – with its headquarters situated in London, UK – reportedly disclosed revenue of $45 billion from June 2020 to June this year – a 2% increase from last year. 

William Gee, a partner at PwC Hong Kong, additionally claimed that the organization will set a goal of “leveraging our expertise to advise clients” on the metaverse, regarding the burgeoning technology as a “digital phenomenon.”

In July 2021, PwC crypto leader Henri Arslanian reportedly shared that venture capital funds and conglomerates of the same kind with major financial resources are cutting down opportunities for smaller, often family-run entities, to make investments and join in on the development of promising crypto startups. 

Recently, Head of Twitter Jack Dorsey reportedly revealed himself having concerns of the same type regarding the power of venture capital companies, in terms of stopping the happening of Web 3.0 developers achieving their decentralized vision. 

“The metaverse is open for business. We welcome PwC Hong Kong to experience how The Sandbox fosters new immersive experiences and ways for brands to connect with customers.” Chief operating officer of The Sandbox Sebastien Borget further expressed his excitement for the roll-out of PwC Hong Kong to the platform.