The Sandbox Welcomes Standard Chartered, Regal Hotels, and Various Hong Kong Enterprises to Its Virtual Landscape

Financial firms and property developers are diving into the groundbreaking metaverse space, forging new partnerships and opportunities. In this context, Hong Kong emerges as a digital mirror, crafted within The Sandbox.

Mega City stands as the cultural epicenter of the virtual version of Hong Kong, offering a platform for various businesses such as Tatler Asia, EVI, Brinc, MADworld, Gameone, Chord Hero, and attractions like Time Gates of Hong Kong Pop Culture, UFO School, and Ocean Park.

Sebastien Borget, co-founder and COO of The Sandbox, stated, “Our new collaborators embody the essence of what makes Hong Kong a multicultural and dynamic city while embracing our shared vision to create an open metaverse. They’re reinventing their brands and innovating through The Sandbox platform to curate one-of-a-kind virtual experiences.” stated .

In a groundbreaking move, Standard Chartered Bank (Hong Kong) Limited declared its entrance into The Sandbox metaverse by acquiring virtual real estate in Mega City. This multinational banking entity sets foot in the decentralized gaming metaverse to explore and enrich experiences for its clientele, becoming the first bank in The Sandbox to claim virtual land.

Mary Huen, CEO of Standard Chartered in Hong Kong, remarked, “The metaverse represents a progressive vision for the next chapter of the internet, unlocking fresh possibilities and unique experiences through immersive technologies. Engaging in the metaverse allows us to redefine our connections with both current and prospective clients on this new stage and elevate their journeys.” said Standard Chartered teams up with The Sandbox to develop engaging metaverse experiences.

Ms. Poman Lo, Managing Director of Regal Hotels Group, shared, “Sustainability and technology have always been crucial elements woven into our group’s essence and reflected in our corporate goals and strategic investments. Innovations in Web3 and metaverse technologies not only revolutionize our daily lives but also foster an environmentally sustainable and socially inclusive impact worldwide.”

Citigroup forecasts that the metaverse's economy could skyrocket to $13 trillion by 2030, prompting businesses to explore novel avenues and set ESG (environmental, social, and governance) objectives. The virtual realm, in turn, creates new opportunities for engagement and aims to cultivate community interactions. explained  the project’s initiative.

According to  research South China Morning Post Successfully Launches Its First Historical NFT Collection in Just Two Hours business ideas Hotels and resorts are adopting NFT technology for booking processes.

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