2 years ago
Standard Chartered Bank has go the latest large slope to participate the metaverse. The slope has acquired “virtual onshore astatine The Sandbox metaverse’s Mega City district, a civilization hub based connected oregon inspired by Hong Kong talents.”
Standard Chartered Bank Forays Into the Metaverse
Standard Chartered Bank announced Tuesday that its subsidiary, Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), has partnered with The Sandbox, a fashionable blockchain virtual gaming platform, “to make [a] metaverse experience.”
Standard Chartered is simply a starring planetary slope with 85,000 employees serving customers successful adjacent to 150 markets worldwide. It has 776 branches globally.
The slope explained that it is the archetypal slope to get “virtual onshore astatine The Sandbox metaverse’s Mega City district, a civilization hub based connected oregon inspired by Hong Kong talents.” The inaugural is led by SC Ventures, Standard Chartered Group’s innovation, fintech investment, and ventures arm.
The announcement details:
SCBHK volition actively prosecute its clients, partners, staff, and the tech community, to research co-creation opportunities successful this caller and breathtaking space.
The slope aims to experimentation and physique caller experiences for clients, arsenic good arsenic bring “the section sports and creation communities into the metaverse,” the announcement adds.
Alex Manson, caput of Standard Chartered’s SC Ventures, commented:
For the past fewer years, we person been gathering concern models successful crypto, integer assets and spot the emergence of the metaverse arsenic a captious milestone successful the Web3.0 evolution.
Other large banks and fiscal services firms that person entered the metaverse see JPMorgan, HSBC, and Fidelity Investments. HSBC besides partnered with The Sandbox to measurement into the metaverse, portion JPMorgan and Fidelity chose Decentraland.
The metaverse is expected to turn significantly. Last month, Citi predicted that the metaverse could beryllium a $13 trillion accidental with 5 cardinal users by 2030. Global concern banks Goldman Sachs and Morgan Stanley some judge that the metaverse could beryllium an $8 trillion opportunity.
What bash you deliberation astir Standard Chartered Bank entering the metaverse? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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