PCCW and HKT, two leading CMT companies in Hong Kong, have purchased virtual lands in Mega City, a cultural hub with a Hong Kong theme, which recently launched its second phase. As part of their mission to enter the Metaverse, they aim to introduce the world's first 5G virtual mobile network and transform traditional TV, music, and film content for Web 3.0 entertainment.

PCCW and HKT will leverage their market leadership to launch next-generation health, financial technologies, and e-commerce solutions, creating a metaverse community offering a novel entertainment experience supported by a 5G network.

The partnership with The Sandbox is expected to contribute to Hong Kong's future, establishing it as a global hub for technological innovation. This collaboration will enhance competitiveness and create lasting value, allowing the companies to explore new opportunities and services. It will also strengthen their position by partnering with leading technological brands.

Susanna Hui, Acting Group Managing Director of PCCW and Group Managing Director of HKT, emphasized their commitment to innovation and the exploration of Web 3.0 through The Sandbox partnership. This will enable them to seize limitless opportunities and integrate various aspects of daily life.

Sebastien Borget, Co-Founder and COO of The Sandbox, expressed enthusiasm for the partnership, highlighting plans to educate users about broadband and 5G through Web 3.0 gaming and NFT ownership. Mega City's vibrant cultural hub will attract more players, content, and talent, shaping the future of open, decentralized platforms.