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PwC Hong Kong is the first tax firm to buy metaverse land in the Sandbox

Because the metaverse expands, increasingly companies are coming into the house. Within the first of its variety second for the metaverse, tax consultancy agency PwC Hong Kong is shopping for up Land in The Sandbox.

In an announcement on Thursday, Animoca, the homeowners of The Sandbox, launched an announcement confirming the Land acquisition.

Image displaying the sandbox logo and many different characters from within it. tax metaverse
Tax consultancy agency PwC has acquired Land in The Sandbox metaverse

It is a very forward-thinking strategy for a tax agency, and PwC is shopping for Land early. They’re banking on the success of the metaverse in years to come back. PwC hasn’t specified what plot of Land they’ve introduced. Nonetheless, it doesn’t come low cost. Current gross sales have been over $10,000 per plot.

Tax issues within the metaverse

Tax is a extremely underrepresented facet of cryptocurrency and NFTs. Though crypto and NFTs are coming into the mainstream, it’s nonetheless a really area of interest market. Moreover, most legislation corporations don’t provide these providers. In truth, not many corporations have a transparent understanding of the legal guidelines. Sooner or later, the metaverse might want to resolve that.

Hopefully, PwC can change that. As increasingly folks enter the metaverse within the coming years, there can be an unlimited want for educated digital asset tax consultancy. If PwC retains up its forward-thinking strategy, it may turn out to be the go-to tax agency within the metaverse.

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