South African financial services group Nedbank recently secured a ‘village’ in the Ubuntuland Metaverse said to be 12 x 12 piece of land. Nedbank is the first financial institution on the African continent to adopt the Metaverse.
The financial services giant has partnered with Africarare, the creators of Ubuntuland. Talking about Nedbank’s entry into the Metaverse, Khensani Nobanda said Nedbank chose to carve out a space in the virtual world.
Nedbank’s Metaverse Village
According to Bloomberg, Nedbank’s Metaverse Village will offer a range of experiences, including virtual games and sports lounges. Other reports reveal that Nedbank is following in the footsteps of South African mobile network operator MTN by taking over the virtual space.
MTN, one of the first South African companies to enter the Metaverse, purchased 144 lots in Ubuntuland. At the time, mobile network operators said they could amplify consumers’ digital experiences by purchasing virtual land. MTN, World Data Lab, and M&C Saatchi Abel are other companies that plan to adopt the Metaverse ahead of Nedbank.
World Economic Forum Global Virtual Village
A new virtual global village within the Metaverse was unveiled at the World Economic Forum (WEF) Annual Meeting in Davos. The goal of the virtual village is to have a place where the public and private worlds can come together to explore ways to tackle the world’s most pressing challenges.
Forum, Accenture, and Microsoft encourage international organizations, governments, and businesses to imagine alternative futures. Accenture CEO Julie Sweet said,
“The Metaverse is still in its early stages, but it has the potential to redefine how organizations work and interact and foster effective public-private partnerships. We are already showing hope.”
Metaverse Village Debut in Vietnam in 2022
Mr. Vo Duc Anh mentions that the Metaverse Village is for administrators, researchers, and professionals. It is established and geared to be a national gateway that supports startups in Vietnam. It will contribute to promoting the building of a digital economy, digital society, and digital citizens. This will make Vietnam a hub for innovation in the region.
The launch of the village will enlighten people on virtual reality technology. This will help Vietnamese startups access the latest technology platform. This keeps up with global trends and new values in the field of virtual reality technology in Vietnam.
The aim is to help 800 businesses sponsored by Village member Bizverse World to join the Metaverse platform. Organize activities to find potential metaverse projects. The role is to establish the Metaverse Scholarship Fund to support Ph.D. students. The focus is on Digital Economy, Blockchain, Metaeconomy, and Smart City Models in the Metaverse.
The symposium’s theme was “Decoding and Dialogue with the Future.” It brought together representatives from more than ten investment funds and 250 delegates. These are domestic and foreign managers, policymakers, and experts.
Closing Thoughts
In conclusion, the Metaverse is a network of 3D virtual worlds that will transform the globe by focusing on social connections. The Metaverse is a virtual iteration of the Internet; it has a single, universal, immersive virtual world facilitated using virtual and augmented reality headsets.
