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DBS partners with Sandbox to launch DBS BetterWorld

September 12, 2022

DBS partners with Sandbox to launch DBS BetterWorld
DBS, a leading financial services group in Asia, today announced its partnership with The Sandbox, a leading decentralised gaming virtual world and a subsidiary of Animoca Brands, to create DBS BetterWorld, an interactive metaverse experience showcasing the importance of building a better, more sustainable world, and inviting others to come alongside.

The partnership makes DBS the first Singapore Company to seal an alliance with The Sandbox and the first bank in Singapore to make a foray into the metaverse. This also marks a new milestone in DBS’ journey to continually explore the potential of Web 3.0 opportunities to benefit its customers and the broader community.

Under the partnership, DBS will acquire a 3×3 plot of LAND a unit of virtual real estate in The Sandbox metaverse – which will be developed with immersive elements. Piyush Gupta, CEO of DBS, said, “Over the last decade, the biggest changes in the world of finance have been catalysed by digital advancements”.

“In the coming decade, driven by new technologies such as artificial intelligence and blockchain, these shifts have the potential to be even more profound. Metaverse technology, while still evolving, could also fundamentally change the way banks interact with customers and communities”.

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