Led by Standard Chartered Ventures, a subsidiary of the Standard Chartered Bank has announced its entry in the metaverse by acquiring virtual land in The Sandbox.
“The metaverse is a vision for the next phase in the internet’s evolution, bringing new possibilities and unique experiences through the use of immersive technologies”, said Mary Huen, Chief Executive of Standard Chartered Hong Kong.
“Our involvement in the metaverse allows us to reimagine our relationship with existing and potential clients on this new platform and our approach to enhance client journeys.”
Standard Chartered Hong Kong is the first bank to acquire land in the Mega City district of The Sandbox. The Mega City is a cultural hub in the metaverse inspired by Hong Kong talents.
The aim of this acquisition is to engage employees, partners, clients and the tech community to explore “co-creation opportunities in this new and exciting space”.
The bank intends to experiment with and curate new experiences for the clients and promote local arts and culture in the metaverse.
Alex Manson, Head of Standard Chartered Ventures said,“We are excited for this opportunity to explore and innovate in partnership with The Sandbox, but also with our clients and partners who will play a crucial role in how this space develops.”
Almost a month ago, another major bank had entered The Sandbox and became the first ever global bank partner of The Sandbox. HSBC bought a plot of digital land in Sandbox, called LAND, which will be further developed to engage with gaming, esports and sports enthusiasts.
