DBS becomes the first bank in Singapore to make a foray into the metaverse.
Singapore’s largest bank DBS announced a partnership with Ethereum-based gaming platform The Sandbox to design an interactive metaverse experience – DBS BetterWorld – as part of its broader roadmap to explore Web 3 opportunities for its customers.
Piyush Gupta, CEO of DBS, said the metaverse tech could fundamentally transform the way banks interact with customers and communities. He further stated, The Southeast Asian financial group also said it will engage with partners and collaborators from the government, community, business, and technology spaces while exploring opportunities to showcase DBS BetterWorld with the recently launched digital platform, LiveBetter. The goal is to advance more eco-conscious living among its customers.With the partnership, DBS will buy carbon offsets to ensure that the land and production on DBS BetterWorld will be carbon neutral.
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