HSBC Joins The Sandbox Metaverse in New Partnership

Paigambar Mohan Raj

The Sandbox and HSBC, one of the world’s top international banking and financial services organizations, have launched a new relationship that will allow virtual communities all over the world to interact with global financial services providers and sports communities in The Sandbox metaverse.

As part of the partnership, the global financial services provider will own a plot of LAND in The Sandbox metaverse, which will be created to engage and interact with sports, esports, and gaming fans. 

The HSBC Group was founded by the Hong Kong and Shanghai Banking Corporation Limited. HSBC has offices in 64 countries and territories across the globe, in the following geographical regions: Europe, Asia, North America, Latin America, the Middle East, and North Africa. HSBC is one of the world’s major banking and financial services organizations, with assets of US$2,958 billion as of December 31, 2021.

HSBC joins list of companies in Web3 and The Sandbox Metaverse

As consumer acceptance requires more powerful metaverse experiences through decentralized and gamified products, the partnership opens the door for additional worldwide institutions to continue experimenting in Web3.

Users can engage with virtual worlds in the metaverse, and many of these platforms are built on blockchain technology. The worldwide metaverse market is expected to increase from $45.4 billion in 2019 to $1.5 trillion by 2030.

Gucci, Warner Music Group, Ubisoft, The Walking Dead, Snoop Dogg, Adidas, Deadmau5, Steve Aoki, Richie Hawtin, The Smurfs, Care Bears, Atari, ZEPETO, and CryptoKitties are among the more than 200 existing partnerships, all of which share The Sandbox’s vision of empowering players to create their own experiences using both original and well-known characters and worlds. 

More details on the HSBC and The Sandbox partnership will be released by the companies in due time. 

At the time of publication, The Sandbox (SAND) was trading at $2.94.