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

Nedbank, the South African bank giant that provides financial services, has acquired a metaverse village. The village will be used to showcase African creativity and to create experiences that “go beyond banking.” By securing a virtual property in Ubuntuland, Nedbank became one of the first financial institutions in Africa to embrace the metaverse.

Showcasing Africa’s Creativity

Nedbank, the South African financial services group, recently secured a “village” in the Ubuntuland metaverse which reportedly measures 12 by 12. Nedbank, the South African financial service group, has reportedly secured the “village” within the Ubuntuland metaverse, measuring 12 by 12.

Bloomberg reports that Nedbank, a financial services company, has joined forces with Africarare, creators of Ubuntuland. Remarking on Nedbank’s entry into the metaverse, Khensani Nobanda, the financial giant’s marketing and corporate affairs executive, said that her organization chose to secure space in the virtual world because it wants to create experiences for its clients that “go beyond banking.” Nobanda added:

Our entry into the metaverse is not merely about having a presence in this space, it’s about meeting the needs of our clients on platforms that resonate with them.

Nedbank’s Metaverse Village

As per the Bloomberg report, Nedbank’s metaverse village will come with experiences that range from virtual gaming to a sports lounge. The report also revealed that Nedbank had acquired the virtual space to follow in the steps of MTN, South Africa’s mobile network operator.

According to Bitcoin.com News, MTN was the first South African company to join the metaverse. It purchased 144 plots of Ubuntuland. At the time, the mobile network operator said the purchase of the virtual land would help it “amplify” consumers’ digital experiences.

Besides MTN, World Data Lab and M&C Saatchi Abel are also identified as two other companies to embrace the metaverse ahead of Nedbank.

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Terence Zimwara

Terence Zimwara, a Zimbabwean journalist, writer and author who has been awarded the Zimbabwe Booker Prize. He is a prolific writer on the economic woes of African countries, as well as digital currencies that can be used to provide an escape path for Africans.