FinanceLane
  • Funding
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Commodities
    • Forex
    • Private Equity
    • Real Estate
    • Crypto Investing
  • Lending
    • Personal Loan
    • Business Loan
    • Mortgage
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Health Insurance
    • Auto Insurance
    • Education Insurance
    • General Insurance
  • Banking
    • Individual Banking
    • Business Banking
    • Investment Banking
    • Neo Banking
    • Payments Bank
  • Crypto
    • Crypto Coins
    • Crypto Trading
    • Bitcoin
    • Blockchain
    • DAPP
    • Crypto Investing
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Payments
    • Digital Banks
    • Alternative Financing
    • Asset Management
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Login
No Result
View All Result
crypto
  • Equity Funding
  • Stocks
  • Mutual Funds
  • Credit Cards
  • Loans
  • Insurances
  • Savings
  • Crypto Trading
FinanceLane
Home Crypto Blockchain

PCCW, HKT Becomes 1st Hong Kong-based CMT to Join the Metaverse

BlockchainbyBlockchain
May 26, 2022
in Blockchain, Blockchain News
Reading Time: 2 mins read

PCCW and HKT have become the first Hong Kong-based communications, media and technology (CMT) organisations to join the metaverse following a partnership with The Sandbox.

Webp.net-resizeimage - 2022-05-26T151212.414.jpg

The two companies have purchased virtual land in Mega-City – the Hong Kong-inspired neighbourhood in The Sandbox – and they are set to launch the world’s first virtual 5G mobile network and transform traditional film, TV, and music content into a Web3-enabled entertainment.

PCCW and HKT will also rollout new-age financial and health technologies, and e-commerce solutions to build a virtual “metacommunity”.

The Sandbox, a subsidiary of Animoca Brands, is a platform linked to the Ethereum-based blockchain in which users can purchase and sell play games, and plots of land, and earn digital currency.

Susanna Hui, Acting Group Managing Director of PCCW and Group Managing Director of HKT, said, “we are pleased to partner with The Sandbox to enter the metaverse and explore Web3, where we can seize the boundless opportunities manifesting in different aspects of our daily lives.”

More and more Hong Kong-based enterprises joining the connection with the Sandbox, for instance, a local railway transportation company MTR, banking giant Standard Chartered.

In one of the recent developments, the Emirate’s Virtual Assets Regulatory Authority (VARA), Dubai’s new cryptocurrency regulator, said that it has created a virtual headquarters in The Sandbox metaverse platform.

The Sandbox is also in negotiations with investors as it looks to raise $400 million in a new funding round.

As reported by Bloomberg, citing anonymous sources close to the transactions, the blockchain startup is seeking a $4 billion valuation. The size of the offering and the market worth may change as deliberations continue.

The Sandbox has partnered with major IPs and brands including Warner Music Group, Ubisoft, The Rabbids, Gucci Vault, The Walking Dead, Snoop Dogg, Adidas, Deadmau5, Steve Aoki, Richie Hawtin, The Smurfs, Care Bears, Atari, ZEPETO, CryptoKitties, and more.

Image source: Shutterstock Read The Original Article on Blockchain.News

Tags: BlockchainHKTMETAVERSEPCCWSANDBOX

Related Topics

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Prev Next

You May Like

Blockchain

Opensea Opens Bulk NFT Listings & Purchases for Users

Bitcoin

Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark

Advisory

Bank FDs vs post office term deposit: Which offers senior citizens higher interest rate for short term

Blockchain

Crypto.com Offers Google Pay and Apple Pay Support for Canadian Users

Blockchain News

Coinbase Introduces PayID and Premium Services for Aussie Retail Customers

Blockchain News

Yuga Labs Sets Up BAYC Community Council to Boost Innovations

Advisory

Central govt employees: General Provident Fund (GPF), CPF interest rates announced for Oct-Dec 2022 quarter

Bitcoin

Bitcoin Crosses $20K Mark, as Whales Continue to Accumulate Tokens

Financial News

Blockchain News

Mt. Gox Creditor Refutes Fake Report about Upcoming 140K BTC Release

Blockchain
by Blockchain
Blockchain News

Australia’s Novatti Group to Launch Stablecoin on the XRP Ledger

Blockchain
by Blockchain
Advisory

DSP Focus mutual fund review: Scheme with patchy track record

FinanceLane
by FinanceLane
Bitcoin

44 Countries Converge in El Salvador to Discuss Bitcoin Roll Out, President Bukele Says

Blockchain
by Blockchain
Blockchain

OpenSea to Lay off 20% of Employees

Blockchain
by Blockchain
Advisory

How to calculate EMI from new home loan interest rates

FinanceLane
by FinanceLane
Bitcoin

Blockchain Startup Contribution Labs Raises $3M through Equity Sale

Blockchain
by Blockchain
Blockchain News

Citadel Securities to Develop Crypto Trading Marketplace

Blockchain
by Blockchain
Bitcoin

Low-Risk Appetite Continues to Play Out in Bitcoin Market Based on Diminishing Institutional Activity

Blockchain
by Blockchain
Advisory

SBI increases MCLR on loans: Check latest interest rates here

FinanceLane
by FinanceLane
Advisory

How to get your finances in place to buy a house

FinanceLane
by FinanceLane
Advisory

LIC Housing Finance ups home loan interest rate by 20 bps for select borrowers

FinanceLane
by FinanceLane
Load More
FinanceLane.com
  • Disclaimer
  • Privacy Policy
  • Terms of use
  • Subscribe
  • Contact

Subscribe to get the latest updates

Follow us on

© 2022 FinanceLane.com. All rights reserved.

  • Home
  • Funding
    • Equity Funding
    • Debt Funding
    • Real Estate Funding
    • Crowdfunding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2022 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.