Asian Banking Giant DBS Enters The Metaverse With Sandbox Partnership

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In a Twitter post by DBS Bank: “Hey, #sandfam, DBS BetterWorld is coming to town. @TheSandboxGame #ForABetterWorld”

Singapore-based bank, DBS Bank, has announced its partnership with the leading blockchain-based, metaverse gaming platform, The Sandbox

The banking giant aims to create a virtual world where users can experience and build a better and more sustainable world. To foster this, they have partnered with The Sandbox to bring this project to fruition, and they made this known in a tweet,

“Hey, #sandfam, DBS BetterWorld is coming to town. @TheSandboxGame #ForABetterWorld”

As part of the partnership, DBS plans to acquire a 3*3 plot of LAND, a virtual real estate unit in the Sandbox metaverse. They will be building the DBS BetterWorld, which will be open to members of the public, including non-DBS customers, for free.

The BetterWorld will be equipped with elements such as plants, buildings, and animals. DBS will also purchase carbon offsets to facilitate carbon-neutral land and production on BetterWorld.

CEO of DBS Piyush Gupta stated the metaverse could change how banks communicate with their customers and communities. 

“In the coming decade, driven by new technologies such as artificial intelligence and blockchain, these shifts have the potential to be even more profound. Metaverse technology, while still evolving, could also fundamentally change the way banks interact with customers and communities…”

The DBS BetterWorld will also be a platform for the bank to share important environmental, governance, or social issues and announce communities or partners.

They will work with the government, community, technology, and business sectors to develop concepts that help improve the BetterWorld experience. DBS also aims to tap into opportunities that allow them to show BetterWorld with its LiveBetter platform launched last year.

It is worth knowing that the Asian banking giant, DBS, is the first Singapore bank to partner with The Sandbox and the first local bank to move into the metaverse.

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In a Twitter post by DBS Bank: “Hey, #sandfam, DBS BetterWorld is coming to town. @TheSandboxGame #ForABetterWorld”

Singapore-based bank, DBS Bank, has announced its partnership with the leading blockchain-based, metaverse gaming platform, The Sandbox

The banking giant aims to create a virtual world where users can experience and build a better and more sustainable world. To foster this, they have partnered with The Sandbox to bring this project to fruition, and they made this known in a tweet,

“Hey, #sandfam, DBS BetterWorld is coming to town. @TheSandboxGame #ForABetterWorld”

As part of the partnership, DBS plans to acquire a 3*3 plot of LAND, a virtual real estate unit in the Sandbox metaverse. They will be building the DBS BetterWorld, which will be open to members of the public, including non-DBS customers, for free.

The BetterWorld will be equipped with elements such as plants, buildings, and animals. DBS will also purchase carbon offsets to facilitate carbon-neutral land and production on BetterWorld.

CEO of DBS Piyush Gupta stated the metaverse could change how banks communicate with their customers and communities. 

“In the coming decade, driven by new technologies such as artificial intelligence and blockchain, these shifts have the potential to be even more profound. Metaverse technology, while still evolving, could also fundamentally change the way banks interact with customers and communities…”

The DBS BetterWorld will also be a platform for the bank to share important environmental, governance, or social issues and announce communities or partners.

They will work with the government, community, technology, and business sectors to develop concepts that help improve the BetterWorld experience. DBS also aims to tap into opportunities that allow them to show BetterWorld with its LiveBetter platform launched last year.

It is worth knowing that the Asian banking giant, DBS, is the first Singapore bank to partner with The Sandbox and the first local bank to move into the metaverse.

We're glad you read to this point!

Every week, we publish an email newsletter highlighting all the juicy stories we covered in the crypto space, bringing all the major happenings to your doorstep.

So, if you want to have top stories delivered to your email inbox every week, subscribe to our newsletter!

Written by
Chiagoziem Bede Ikwueze