Global bank HSBC has acquired real estate in the metaverse.
In Brief:
HSBC has purchased virtual real estate in The Sandbox.
It will use this plot to begin engaging with those in the sports, esports and gaming industries.
The Sandbox is an Ethereum-based NFT gaming metaverse that enables people to create and sell their own NFTs.
What does this mean?
HSBC says it will be important in the age of Web3 to be able to engage with people through augmented, virtual and extended reality. It aims to bring new experiences for its customers.
