Hong Kong – 26 May 2022 – PCCW (SEHK: 0008) and HKT (SEHK: 6823) have partnered with The Sandbox, becoming the first Hong Kong-based integrated communications, media and technology (CMT) organisation to join the metaverse and open a new frontier in the digital world.
PCCW and HKT have purchased virtual land in Mega City, the Hong-Kong inspired neighbourhood in The Sandbox. As part of their foray into the metaverse, they are set to launch the world’s first virtual 5G mobile network and transform traditional film, TV and music content into a Web3-enabled new form of entertainment.
Ms Susanna Hui, Acting Group Managing Director of PCCW and Group Managing Director of HKT, 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.
Mr Sebastien Borget, COO & Co-Founder of The Sandbox, said, “We’re excited to see PCCW and HKT enter the Metaverse and educate their large 5G and broadband userbase on the innovations from NFT ownership and Web3 gaming. The heart of Mega City's neighbourhood is a vibrant cultural hub where PCCW and HKT can bring more talent, players and content, shaping the future of the open decentralized platform together.
Mr Evan Auyang, President of Animoca Brands, commented, “We are proud to welcome PCCW and HKT into The Sandbox. It is an honour to have the opportunity to collaborate with the region’s pillars of technology and pioneering vision, and we look forward to a powerful and productive partnership that will be great for both Hong Kong and the open metaverse.
As Hong Kong market leaders, PCCW and HKT will introduce more new-age financial and health technologies, plus e-commerce solutions, to build a fascinating virtual “metacommunity”, which will deliver an entirely new 5G-enabled entertainment experience.
The pioneering spirit demonstrated by PCCW and HKT over the years and partnership with entities such as The Sandbox constitute major contributions to Hong Kong’s future as a world centre of technological innovation, boosting its competitiveness and creating long-term value. The latest collaboration with The Sandbox enables PCCW and HKT to explore new business opportunities by creating services that could only be imagined just a few years ago. The move is also typical of the way PCCW-HKT plays a role in building the future by joining forces with leading technology brands.