Animoca Brands has signed a partnership with DBS, making it Singapore’s first bank to enter the metaverse.
It plans to develop “DBS BetterWorld” in The Sandbox to benefit its customers. “In the last decade, digital advancements have catalyzed the biggest changes in finance,” Piyush Gupta CEO of DBS, said.
“These shifts are expected to become even more profound over the next decade, thanks to new technologies like artificial intelligence and blockchain. According to him, metaverse technology could also fundamentally change how banks interact with their customers and communities.
DBS will acquire a 3×3 plot of land in The Sandbox metaverse. By partnering with The Sandbox, DBS BetterWorld will be carbon neutral regarding land and production.