Singapore bank DBS will launch an environmental project in the metaverse

Singapore bank DBS will launch an environmental project in the metaverse

DBS, headquartered in Singapore, is partnering with gaming giant Sandbox to launch DBS Better World, a virtual metaverse.

The joint project is positioned by DBC as "an interactive metaverse experience that demonstrates the importance of building a better and more sustainable virtual world by implementing Web3 to expand its base and help bank users."

The collaboration aims to explore the wide range of opportunities that the Metaverse industry currently has. Credit organisation
will acquire a 3×3 piece of land in the Sandbox virtual world to create "an immersive experience for its users."  

Piyush Gupta, CEO of DBS, assured that the project is important to improve customer experience:

“Metaverse technology has the potential to revolutionize how banks interact with customers and communities. We look forward to using the project as an additional means of disseminating information on important environmental, social and cultural issues,” he said.

Gupta added that DBS will be buying carbon offsets to ensure that DBS Better World operates carbon neutral. Sandbox CEO Sebastian Borget said that DBS Better World is "the first step towards the creation of SingaporeVerse," a virtual neighborhood that highlights Singapore's distinctive "Metaverse culture."

Automotive giant Renault recently signed a partnership with The Sandbox metaverse.

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