HSBC: Buys virtual plot of land in the metaverse
- HSBC has become the latest financial institution to venture into the metaverse, acquiring virtual real estate in The Sandbox
- Intends to use its plot of land to engage and connect with sports, esports, and gaming enthusiasts
- The metaverse is how people will experience Web3, the next generation of the Internet
- Great potential to create new experiences through emerging platforms, opening up a world of opportunity
- Through a partnership with The Sandbox making a foray into the metaverse, allowing to create innovative brand experiences
- In February, JPMorgan became first bank to open a lounge in the Decentraland virtual world
