With new cooperation with the virtual world platform The Sandbox, one of Asia’s foremost financial institutions is entering the metaverse.
According to a recent press release, DBS is teaming with The Sandbox to provide an interactive metaverse experience.
The pair will establish DBS BetterWorld, which will emphasize the significance of creating a sustainable, environmentally-friendly planet. DBS will buy a 3×3 block of LAND on The Sandbox in order to establish a virtual display.
LANDs are configurable pieces of digital real estate that users may possess as non-fungible tokens inside the SAND metaverse.
The Sandbox’s co-founder and COO, Sebastian Borget, has announced that the virtual world platform would be developing a unique area of land called the “SingaporeVerse” to include Singaporean culture.
“We greet DBS to The Sandbox as the initial bank in Singapore to move into the metaverse and take part in our efforts to establish the SingaporeVerse.
We value ESG (environmental, social, and governance) concerns, and we want to work with you to create an experience that inspires our audience to have a positive global influence, explore the innovative potential of our platform, and maybe even find their next life-altering opportunity in the metaverse.”
The collaboration announcement had minimal effect on SAND’s stock price. At the time of writing, one token can be purchased for $0.989, an increase of 1.7% from the day before.