SCB 10X, a holding company under the Siam Commercial Bank (SCB) Group (BKK: SCB), recently revealed that it would be tapping into the Metaverse.
As mentioned in the update, SCB 10X will be introducing its first headquarters in The Sandbox. SCB 10X has also reportedly hosted a virtual summit and workshop “featuring global Metaverse leaders.”
The event aims “to highlight creative capabilities in the Metaverse and help foster a stronger Metaverse community and expand ecosystem globally.”
As noted in a blog post, SCB 10X hosted the “SCB 10X OPEN HOUSE IN METAVERSE”, to unveil their virtual headquarter in The Sandbox. SCB 10X claims that it will be “the first banking group entity globally to develop the headquarter in The Sandbox, a blockchain-based virtual world platform.”
As mentioned in the announcement, the virtual event “featured discussions and workshops by leading Metaverse leaders across the globe, to discuss the infinite opportunities possible in the Metaverse.” Interested parties had reportedly joined the “SCB 10X OPEN HOUSE IN METAVERSE” online live sessions “free of charge on March 11, 2022, from 9.45 am – 6.40 pm (BKK Time).”
@SCB10X_OFFICIAL HQ in @TheSandboxGame Metaverse
We are ready! pic.twitter.com/sLFqF3Zkua
— SCB 10X (@SCB10X_OFFICIAL) March 11, 2022
According to SCB 10X Chief Venture and Investment Officer, Mukaya (Tai) Panich:
“SCB 10X continues our mission to achieve exponential growth through venture building and investing in disruptive technology startups worldwide. Financial technologies of the future, such as Blockchain, Digital Asset, DeFi and Metaverse, are core areas of interest for us to explore. We believe that Metaverse will play an important role, enabling infinite creations in a digital world, shaping new frontiers for the economy of the future.”
Panich added:
“[The] ‘SCB 10X OPEN HOUSE IN METAVERSE’ celebrated the debut of SCB 10X’s virtual headquarter in The Sandbox, highlighted by a panel discussion with SCB 10X’s creator team on the concept and design. In addition, we are bringing together global Metaverse leaders to share the insights and perspectives on the opportunity in the Metaverse in the fireside chats and workshop sessions.”
As noted in the update, the event’s objective was to “encourage deeper understanding, cooperation, and development in the Metaverse community.” The event “should [have] spotlighted SCB 10X’s capabilities not only as an investor but also as a builder in the innovative areas such as the Metaverse”
Mukaya continued:
“SCB 10X aims to play a meaningful role in building a strong foundation of the Metaverse ecosystem alongside our global partners, as well as grow the Metaverse community in Thailand and regionally, by inspiring collaboration, development, and exchange of ideas.”
As covered, SCB 10X is “a holding company under the Siam Commercial Bank (SCB) Group, founded in January 2020 with a ‘Moonshot Mission’ to create long-term value through exponential technologies, innovations, and investment via Venture Capital and Venture Building.”
The SCB Group’s tech arms “under SCB 10X include Digital Ventures, SCB Abacus, Monix, Purple Ventures, and tech companies to be founded or invested in in the future.”
For more details on this update, check here.