Karen Ngui, Head of Group Strategic Marketing and Communications at DBS, shared her optimistic outlook on the potential of metaverses. She stated, “Leveraging the metaverse can bring about positive change. It serves as an engaging platform to raise ESG awareness and highlight inventive solutions to these concerns. With the advancement of metaverse technologies, we’re hopeful that virtual efforts can lead to tangible real-world benefits.”
DBS isn’t alone in exploring the metaverse realm. While many banks have established their presence, DBS stands out with its unique approach. Interestingly, a pattern seems to be emerging. Asian-centric financial institutions, like HSBC, SCB 10X, and Standard Chartered, appear to prefer The Sandbox. In contrast, western counterparts like JP Morgan, Caixabank, Fidelity, and Mastercard have opted for Decentraland. Adding to this pattern, various Japanese entities have set up the Japan Metaverse Economic Zone (JMEZ).
This innovative approach by DBS emphasizes the potential of the virtual world to bring about genuine, impactful change in the real one. The world will be closely watching as DBS uses the power of gaming to drive positive change.