KEB Hana Bank, one of the five largest banks in South Korea, announced its partnership with a metaverse coin project to provide virtual services.
The Sandbox announces partnership with KEB Hana Bank
Based on the partnership, KEB Hana Bank will open virtual branches in The Sandbox’s LAND metaverse. It will also provide basic banking services. KEB Hana Bank is located in the Sandbox metaverse, the “K-verse”, the region dedicated to K-Pop and Korean culture, focusing especially on attracting young metaverse users. Due to the growing interest in the metaverse, the company’s vice president Kim So-jung said, “We hope to provide fun and affordable financial services to all KEB Hana Bank customers by joining The Sandbox’s global metaverse.”
The official announcement came from Sandbox’s official account about 1 hour ago.
Sandbox says in the announcement:
KEB Hana Bank enters The Sandbox to lead financial services in the metaverse. Stay tuned for lots of joint events and content at the KEB Hana Bank branch at The Sandbox!
Why is the partnership important for the metaverse coin?
Hana Bank is a commercial bank headquartered in Seoul, South Korea. It was founded in 1967 as Korea Exchange Bank. In later years, it became one of the banks offering the widest range of foreign exchange products in South Korea. Hana Bank has 199 branches in 24 countries. All in all, an important partnership for Sandbox’s global adoption as it was the top rated bank as of June 2015.
SAND price analysis
SAND hasn’t been doing well in recent months. Since mid-May, SAND has accompanied the downturn of the metaverse coin market. It only went over $1.00 for most of that time. Meanwhile, it never made a sustained move to higher support. In the first week of July, the overall crypto market saw a slight recovery. But SAND is struggling to establish new, higher levels of price support. SAND is currently trading at just over $1, down 4.41% over the past 24 hours.
Animoca Brands is one of the most active investors in Web3 spaces. Other assets include The Sandbox (SAND) and Axie Infinity (AXS). The metaverse coin market has become popular in recent years as games seek to move away from centralized models. As the number of players increased and cryptocurrencies were collected and traded, the popularity of crypto games exploded. Despite the overall bearish market, gaming finance, or GameFi, continues to see global partnerships. As Kriptokoin.com, we report the latest news from the metaverse and NFT markets here.
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