A titan of the real-estate industry is going to develop an expansive sandbox plot for one lucky gamer. Over $1,000 in prizes will be given out over a six-month period with even more money being pledged if enough people enter and win. What does this mean for blockchain gaming?

Real-Estate Mogul Pledges to Develop Mammoth Sandbox Plot

Adrian Cheng, a Hong Kong property mogul, is crossing disciplines and joining The Sandbox. This brand-new endeavor will see him acquire one of the biggest land parcels available and construct a vast facility to showcase a number of his present businesses.

Adrian’s idea entails the establishment of an innovation center inside The Sandbox, which will serve as a representation of the “Greater Bay Area.” A well-developed economic zone in Guangdong, China, that connects Hong Kong and Macau. The Sandbox will showcase ten enterprises working in this zone, ranging from genetic test creator Prenetics to logistics experts Lalamove and tech brand Casetify. Immersive experiences, entertainment venues, and customised NFTs are all available.

Each of the companies engaged is linked to Adrian Cheng’s development business, New World Development, as well as his own venture capital firm, and would therefore benefit from a plethora of real-estate experience as well as a large number of smart employees.

This foray into the metaverse is a significant step forward for the developing medium, which is seeing prominent real-estate moguls recognize possibilities in the virtual realm. They’re putting a lot of money into metaverses like The Sandbox and Decentraland, while also devoting time and resources to building large community centres.

 

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