Thailand's SCB Opens a Virtual Headquarters in The Sandbox

SCB 10X, Siam Commercial Bank’s (SCB) holding company, has announced that it will open its first virtual headquarters in The Sandbox metaverse. The virtual headquarters will be open in The Sandbox metaverse from 11 March 2022.

SCB Thailand started SCB 10X as a way to revolutionize the company’s Venture Capital and Venture Building through technology, blockchain, and further innovations. The bank plans to innovate itself further and carry out its legacy into the future by leveraging blockchain technology. This includes non-fungible token (NFT), Decentralized Finance (DeFi), the Metaverse, and more.

With the launch of the virtual headquarters in The Sandbox, SCB 10X has officially become the second major financial institution to establish itself within the Metaverse after JP Morgan, which opened its virtual lounge in Decentraland last month.

SCB 10X is hosting an Open House today. Besides unveiling its virtual headquarters, the Open House will also feature discussions and workshops by leading metaverse leaders. At the time of launch later this year, visitors will be welcomed to experience an immersive world designed to reflect the past, present, and future of Thai Culture that is influential to the development of SCB 10X.

Within the SCB 10X virtual metaverse, visitors will be able to explore three unique environments to attend virtual events, participate in SCB 10X product demos, share a virtual working space, and more. The launch is aimed to inspire development, collaboration, and the exchange of ideas between the developers and creator community to support the advancement and innovation in the Metaverse.

SOURCE: Blockworks