Standard Chartered Bank, one of the global banks, has announced its entry into the metaverse. This UK bank has bought virtual land in the mega city district of the Sandbox metaverse. In the digital segment, it is said to be a culture hub inspired by Hong Kong artists. The project has been initiated by SC Ventures, the innovation, fintech investment and ventures arm of Standard Chartered Bank. Standard Chartered Bank is looking to enhance the services and experience for its customers.
This bank was started in 1853 and has more than 1,000 branches in more than 70 countries. It wants to connect with the sports and arts communities now active on the metaverse. Bitcoin.com quotes SC Ventures chief Alex Manson Told“Standard Chartered Bank will engage its clients, partners, staff and tech community to explore opportunities in this new and exciting segment. Over the past few years we have been building business models in crypto, digital assets, and the metaverse as a key element in Web3.” See it as a turning point.”
Bill Winters, Group Chief Executive, Standard Chartered Bank, said, “We have expanded our presence in the metaverse. This is the first bank to purchase virtual land in the mega city district of Sandbox. I am looking forward to adding clients and partners in this emerging virtual segment. Excited about the many opportunities including the methods.”
Recently HSBC Bank also decided to buy a portion of virtual land in the sandbox metaverse to connect with sports, esports and gaming enthusiasts. The Metaverse is a fully functional virtual world. It will be capable of delivering Augmented Reality (AR) experience. Sandbox is a gaming virtual world built on the Ethereum blockchain. It also supports activities involving non-fungible tokens (NFTs) for gamers on the platform. Many big brands have partnered with Sandbox to launch their virtual projects. it is being said that metaverse With this, equality in terms of the Internet will reach a new level. Creators like the gaming industry are expected to play a major role in driving the metaverse forward.