South African Financial Services Giant Nedbank Secures ‘Village’ in Metaverse – Metaverse Bitcoin News

South African financial services giant Nedbank has reportedly acquired a village in Metaverse. The Village will be used to showcase African innovation and create “beyond banking” experiences. Nedbank became one of the first financial institutions in Africa to adopt Metavas by acquiring a virtual asset in Ubuntuland.

Showcasing African creativity

South African financial services group Nedbank recently acquired a “village” measuring 12 by 12 in the Ubuntuland Metaverse. Financial institutions on the African continent to accept Metavas.

According to a Bloomberg report, the financial services group has partnered with Afrikare, the creator of Ubuntu Land. Commenting on Nedbank’s foray into Metaverse, the finance giant’s marketing and corporate affairs executive, Kensani Nobanda, said his firm chose to secure a place in the virtual world because it wanted to create a “beyond banking” experience for its customers. Nobanda added:

Our entry into Metaverse is not only about being present in this space, but also about meeting the needs of our customers on platforms that suit them.

Nedbank Metaverse Village

According to Bloomberg, Nedbank’s Metaverse Village will bring experiences ranging from virtual gaming to a sports hall. Meanwhile, Nedbank has followed in the footsteps of South African mobile network operator MTN by buying the virtual space, according to the report.

As previously reported by news in March, MTN became one of the first South African companies to enter the Metaverse after purchasing 144 locations in Ubuntuland. At the time, the mobile network operator said its acquisition of the virtual land would help “enhance” consumers’ digital experience.

Apart from MTN, Global Data Lab and M&C Saatchi Abel have also been identified as two other companies to receive the distinction ahead of Nedbank.

Register your email here to get Africa News Weekly delivered to your inbox:

What do you think about this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning Zimbabwean journalist, writer and author. He has written extensively about the economic woes of some African countries and how digital currencies offer Africans an escape route.

Image credits: Shutterstock, Pixabay, Wiki Commons

DisclaimerThis article is for informational purposes only. It is not an offer or solicitation to buy or sell, or a recommendation or endorsement of any products, services or companies. does not provide investment, tax, legal or accounting advice. Neither the Company nor the Author shall be liable, directly or indirectly, for any damages or losses arising out of the use of or reliance on any content, goods or services referred to in this paragraph.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *