DBS Bank Ltd., one of the largest institutions in Southeast Asia, said it has partnered with The Sandbox, a blockchain-based metaverse gaming and coin platform, to create new services for customers in the 3D virtual world using digital avatars. Here are the details…
DBS partners with metaverse coin SAND
DBS said in a statement that it was the first company in Singapore to sign a partnership with The Sandbox, a unit of Hong Kong-based Animoca Brands, and the first bank in the city to enter the metaverse at The Sandbox as part of exploring Web3 opportunities to benefit customers. He added that he will develop “DBS BetterWorld”. “The biggest changes in the world of finance over the past decade have been catalyzed by digital developments,” DBS CEO Piyush Gupta said in a statement. He also used the following expressions:
In the next decade, these changes, driven by new technologies such as artificial intelligence and blockchain, have the potential to be even more profound. As Metaverse technology continues to evolve, it can fundamentally change the way banks interact with customers and communities.
Jobs in the Metaverse being explored
DBS joins other banks in searching for job opportunities in the metadata. cryptocoin.com As we reported, in February, JP Morgan said that it was the first bank in the virtual world. Opened a branch in Decentraland. A month later, HSBC joined The Sandbox metaverse to engage with sports and gaming fans. Elsewhere in Asia, Union Bank of India has launched “Uni-Verse”, a metaverse lounge where customers can get detailed information on loans and other banking products.
DBS says it will buy a 3×3 plot of land or a virtual real estate unit in The Sandbox metaverse. The bank said it will partner with The Sandbox to purchase carbon offsets so that the land and production at DBS BetterWorld will be carbon neutral. Sebastien Borget, co-founder and chief operating officer of The Sandbox, said: “People joining DBS in The Sandbox, stepping into the open metaverse in Singapore, and participating in our efforts to create SingaporeVerse, a neighborhood on our virtual map that will bring Singaporean culture to life in the metaverse. We welcome it as the first bank,” he said.
Latest situation on SAND price
Meanwhile, The Sandbox (SAND) has experienced an increase of 6.8 percent. SAND, the fortieth-largest token by market cap, hovers around $0.96. The cryptocurrency is changing hands at a daily high of $ 0.96, while a low of $ 0.89. Launched by Pixowl in 2011, The Sandbox is one of the most popular metaverses.
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