Sandbox is a virtual world on the Ethereum blockchain where players can build, run, and make money from their own games. Sandbox wants to replace current game developers by giving creators full ownership of their work through tokens that can’t be traded (NFTs). Also, the way they give out rewards has made them the most wanted gaming partner.
Because of where The Sandbox is and how well-known it is, HSBC decided to work with it. The world’s largest bank, HSBC, and Index Game have joined forces with the decentralized virtual gaming world entity to bring rugby to the Metaverse.
Rugby is being brought to the Metaverse by Sandbox and HSBC
HSBC has set up a series of virtual rugby missions in The Sandbox to make sports in the Metaverse more interesting and immersive. The announcement came at the same time as the much-anticipated return of the Cathay Pacific/HSBC Hong Kong Sevens from November 4 to 6. After a three-year break, the competition is back.
In honor of the long-awaited return of the Hong Kong Sevens, HSBC will have a virtual stadium in The Sandbox from October 24 to November 14. The action will kick off the first community project.
This year, in March, The Sandbox of Animoca Brands and HSBC started working together. In March, the Hong Kong branch of HSBC bought a lot of virtual land so that it could make future sports and gaming experiences. Since then, plans have been made for the current HSBC rugby match.
People will experience Web3, the next generation of the Internet, in the Metaverse. They will do this by using immersive technologies like augmented reality, virtual reality, and extended reality. At HSBC, we see a huge opportunity to create new experiences on new platforms, which would give our current and future customers and the communities we serve a whole new world of options.
HSBC’s Chief Marketing Officer for the Asia-Pacific region is Suresh Balaji.
The general public will learn a lot about rugby thanks to these six exciting missions. There will be action-packed challenges, fun minigames, and educational sports-related quizzes in these missions, which will take place in different parts of the stadium. The chief executive of HSBC Hong Kong, Luanne Lim, said:
“At HSBC, we see great potential to create innovative experiences through emerging technologies for our customers and the communities we serve. We also believe in the unifying power of sport and have been a proud sponsor of the Hong Kong Sevens for decades.”
HSBC’s first innovative project in The Sandbox combines decentralization and web3 in an unexpected way. It uses the gaming, entertainment, and education features of new technologies to get more people interested in rugby. Through the Metaverse, HSBC is happy to offer rugby on and off the field to digital communities all over the world.
How embarrassing for the distributed ecosystem
Decentralized finance (DeFi) and all of the systems that support it have been a big deal in the financial world. Also, industries like gaming and sports have taken advantage of the rise of technology to give gamers experiences they’ve never had before.
The arrival of the Metaverse was a relief for the people who made it, and it gave investors the money they needed. Most of what people in the digital world know about games and the Metaverse came about because of the Sandbox. The gaming company is proud of how much it cares about quality and making sure its customers are happy. The cryptocurrency community is furious about how Rugby is being used right now.
The tournament’s promotional video is a total bust! The video is of the worst possible quality. Participants and investors are now thinking about what this means for the future. However, some questions still remain: Was the quality of the video made public on purpose? Is this a way to get people to go to the theater.
If Sandbox and HSBC’s goal was to let people know about upcoming games with crypto alerts, they have done so. But these entities have broken the rules of the Metaverse, DeFi, and digital games. The Metaverse is already in a bad spot, so more bad news is not needed.
Since March of this year, Cryptopolitan says that people are less excited about and interested in the metaverse. This is because both the price of bitcoin is going down and infrastructure is not being built fast enough.
After the launch of Meta, which sparked a lot of interest, companies were eager to invest in the Metaverse. But as talk about digital assets has died down, the idea of the Metaverse has entered a period of uncertainty.
Many popular platforms, like Decentraland, The Sandbox, and Somnium Space, have seen their income drop by up to 95%. Now is not the right time for The Sandbox to get more problems.
Will the bet come true?
Will this well-thought-out risk pay off? The Sandbox is known for the many superior alliances that have been made there. This may also make the game different. In September alone, the Animoca Brands branch announced partnerships with a number of well-known brands.
FaZe Clan, an esports and entertainment company, decided to join the Web3 ecosystem by using the Sandbox platform. It bought a piece of land that was 12 by 12 meters and was called “FaZe World.” At the same time, Renault Korea signed a contract to create new vehicle experiences in the Metaverse.
The Sandbox has also worked with Smobler Studios and 1-Group to host a virtual wedding in the digital version of The Alkaff Mansion in Singapore. Virtual missions seem to be a part of this strategy, as they bring together fans of one of the most famous sports events with financial institutions.
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