Published: 26.04.2022
Article reading time:
2 minutes.
The transnational company Standard Chartered plans to launch its own virtual space inside one of the largest metaverses.
The bankers announced that their Hong Kong subsidiary Standard Chartered Bank (Hong Kong) (SCBHK) has partnered with virtual gaming platform The Sandbox to create their space in the metaverse. According to representatives of the bank, they are the first to acquire virtual land in the area of ​​the virtual metropolis The Sandbox. The initiative is being led by the bank’s innovation arm, SC Ventures.
In the near future, Standard Chartered plans to attract more employees, partners and customers to develop its own space in the metaverse. In addition, the company plans to invite communities of athletes and artists to help develop the bank’s virtual space.
Now Standard Chartered is one of the world’s largest banks, employing about 85,000 people serving clients in 776 branches in 150 countries.
According to the head of SC Ventures Alex Manson (Alex Manson), the company has been building business models focused on digital assets and Web3 over the past years. Collaboration at The Sandbox, he says, was one of the bank’s most important steps in introducing new technologies and innovations. The company is confident that the metaverse is the next stage in the evolution of the Internet, opening up new opportunities not only for customers, but also for the bank itself.
Earlier, Sang Lee, co-founder of cryptocurrency service provider VegaX Holdings, said that blockchain has already left traditional finance behind.
Source: Bits
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