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Metaverse Bank Expansions : HSBC

HSBC Bank has officially hopped on the metaverse bandwagon, announcing that it will purchase a piece of digital land in The Sandbox metaverse in an effort to connect with sports, e-sports, and gaming fanatics.

For those unfamiliar, The Sandbox is a gaming virtual universe that is built the Ethereum blockchain. In addition, it is a platform that supports the minting, use, selling, and trading of NFTs, which work to create a unique monetization system amongst its users.

“The metaverse is how people will experience Web 3, the next generation of the Internet — using immersive technologies like AR, Virtual Reality (VR), and extended reality. Through our partnership with The Sandbox we are making our foray into the metaverse,” said Suresh Balaji, HSBC’s Chief Marketing Officer for Asia-Pacific.

Image Credit: The Sandbox

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