Hong Kong Property Tycoon Invests In The Sandbox Metaverse

(DealStreetAsia) — Adrian Cheng, CEO of Hong Kong real estate giant New World Development Co. Ltd., has become the latest investor to join the metaverse fad by investing in blockchain-based gaming firm The Sandbox.

Cheng, the scion of one of Hong Kong’s wealthiest families, announced on Thursday that he will invest in The Sandbox and acquire one of the largest land plots in the firm’s open virtual world named “Mega City,” according to a press release.