Banking Giant DBS Announces Metaverse Partnership With Sandbox (SAND)

One of Asia’s leading banking firms ventures into the metaverse with a new partnership with virtual world platform The Sandbox (SAND).

According to a new press release, multinational financial services giant DBS is partnering with The Sandbox to create an interactive conversion experience.

The duo will create DBS BetterWorld, which aims to highlight the importance of building a sustainable environment-friendly world. To create a virtual storefront, DBS will acquire a 3×3 plot of land in The Sandbox as part of the deal.

LANDs are customizable units of digital real estate within the SAND metaverse that players can own as non-fungible tokens (NFTs).

Sebastian Borget, co-founder and CEO of The Sandbox, notes that the virtual world platform is creating a special plot called “SingaporeVerse”, which aims to bring Singaporean culture to the platform.

“We welcome DBS to The Sandbox as the first bank in Singapore to enter the open metaverse and join forces to create SingaporeVerse, a neighborhood on our virtual map that will bring Singaporean culture to life in the metaverse in a very exciting, fair , inclusive way that is open to all.

ESG [environmental, social, and governance] issues are important to us, and we look forward to collaborating on an experience that invites our audience to make a positive global impact, discover the creative potential of our platform, and perhaps find their next life-changing opportunity in the metaverse.”

News of the partnership had little effect on SAND’s price. The token is changing hands for $0.989 at the time of writing, a gain of 1.7% on the day.

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Featured image: Shutterstock/Ongky Ady Widyanto

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