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Banking giant HSBC partners with metaverse firm The Sandbox

HSBC is the latest corporate giant to enter the metaverse through a partnership with The Sandbox. According to a blog post published by The Sandbox on Wednesday, the British bank has acquired a plot of land in the metaverse startup’s virtual world — space that will be developed to entertain sports, e-sports, gaming and finance professionals. Details about the exact nature of the initiative were scant, but HSBC’s Suresh Balaji, chief marketing officer for the Asia-Pacific region, said in the …

Ethereum developer ConsenSys poised to double its valuation in pending fundraise

ConsenSys, the Ethereum software company behind crypto wallet MetaMask, is poised to more than double its valuation with what will be a third fundraise in less than 12 months. The firm has held talks with potential backers about investing at a valuation of roughly $6.5 billion, according to three people close to the discussions. While the size of the latest fundraise is unclear, several sources believe the company’s post-money valuation will be close to $7 billion. ConsenSys declined to comment …