Singapore’s biggest bank DBS unveils metaverse concept for reducing food waste

Quick Take

  • The bank’s “DBS BetterWorld” metaverse experience will be available later this year when The Sandbox Alpha Season 4 is expected to launch, the company said.

DBS Bank, Singapore’s biggest bank, today unveiled a new iteration of its metaverse experience in The Sandbox, which is expected to be accessible to the public by the end of this year.

The bank said its “DBS BetterWorld” metaverse experience will be a gamified adventure that aims to demonstrate how the virtual experiences can be used as a force for good.

As part of the experience, players must complete a series of activities — inspired by five businesses supported by the DBS Foundation — to mitigate food waste, the bank said in a statement shared with The Block.

DBS Bank said it will launch the BetterWorld once The Sandbox’s Alpha Season 4 is available later this year.

Start your day with the most influential events and analysis happening across the digital asset ecosystem.

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Metaverse ambition

The bank’s latest move comes after it last year acquired land in The Sandbox — a unit of virtual real estate in The Sandbox metaverse — to develop BetterWorld.

Last year, banking giant HSBC also bought a plot of land in The Sandbox to develop a virtual experience to engage and connect with sports, esports and gaming enthusiasts.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.