Major Hong Kong-based CMT companies, PCCW and HKT, enter The Sandbox

PCCW and HKT becomes the first Hong Kong-based integrated communications, media and technology (CMT) companies to make a move into the Metaverse.

May 26, 2022
by Michael
Major Hong Kong-based CMT companies, PCCW and HKT, enter The Sandbox
News

The Sandbox has announced its partnership with Hong Kong CMT companies, PCCW and HKT. This strategic collaboration is significant for the global adoption of Web 3 as it is the first interaction between a Hong Kong CMT company and the Metaverse.

The partnership involves the acquisition of virtual lands in the Mega-City neighborhood - a Hong Kong-themed cultural hub that recently launched its second phase. This move is in line with the eventual goal of the companies to launch the world’s first virtual 5G mobile network and transform traditional film, TV and music content into a refreshing form of entertainment for Web3.

This Partnership with The Sandbox establishes Hong Kong’s future as a significant player in the global technological revolution. Furthermore, It places PCCW and HKT as international companies creating new frontiers in the communication and technology industry.

Commenting on the collaboration, Acting Group Managing Director of PCCW and Group Managing Director of HKT, Susanna Hui, said:

“PCCW and HKT are constantly making breakthroughs to remain at the global forefront of innovative technology applications. 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.”

On the part of The Sandbox, the company is excited at the collaboration and its impact on the expansion of its Metaverse alongside the global opportunities it provides for the two parties.

COO & Co-Founder of The Sandbox, Sebastien Borget, said:

“We’re excited to see PCCW and HKT enter the Metaverse and educate their large 5G and broadband userbase to the innovations from NFT ownership and Web3 gaming. The heart of Mega City’s neighborhood is a vibrant cultural hub where PCCW and HKT can bring more talents, players and content, shaping the future of the open, decentralized platform together.”

The Sandbox published a trailer, giving an idea what to expect from this collaboration:

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