HK property tycoon Adrian Cheng joins metaverse fad with The Sandbox investment

New World CEO Adrian Cheng.

Adrian Cheng, CEO of Hong Kong real estate giant New World Development, 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.

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