DBS, the largest bank in Singapore cooperation announcementwith the metaverse platform The Sandbox, the partnership aims to create a new service for DBS customers in the virtual world. The bank will purchase a plot of land (3×3) to create a metaverse asset called DBS BetterWorld, demonstrating the importance of creating a better and more sustainable world.
DBS is currently the first Singapore-based company to partner with The Sandbox, and is also the first Singapore bank to venture into the metaverse.
This also represents a major turning point in DBS’s efforts to continuously examine the possibilities of Web 3.0 opportunities to help customers and society at large.
Piyush Gupta, CEO of DBS said:
“Over the past decade The biggest change in the world of finance has been fueled by digital advances. which in the coming decade will be driven by new technologies such as artificial intelligence and blockchain. And these changes are having deeper potential.”
Gupta highlighted the potential of the metaverse technology, saying that while it’s still in development, the metaverse technology could change the way banks interact with their customers.
Sebastian Paredes, CEO of DBS Hong Kong, reiterated the opportunities. Available through the metaverse, “Our young technologists are free to develop experimental ideas in the metaverse and with today’s collaboration. We have a wonderful opportunity for our young talent to make a huge contribution to the development of interesting and meaningful use cases in The Sandbox.”
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