Sygnum announces the opening of the first metaverse hub by a Swiss bank in the virtual equivalent of New York’s Times Square. The Decentraland hub is Sygnum’s Web3 portal to the emerging USD 5 trillion metaverse economy, and it features a CryptoPunk receptionist, interactive NFT gallery and event space.
Metaverse: Any bank that is 'establishing a presence’ is doing it for PR
Sygnum officially launches its Decentraland metaverse hub with a livestream event on 27 September 2022 at 11am CET. To attend the public event, visitors are invited to click here to be teleported directly into the Sygnum hub. No special software or instructions are required, and entry takes only a few moments.
The metaverse – home to a future USD 5 trillion crypto-powered economy
The metaverse is an always-on interactive 3D world built on open blockchain technology that allows users to socialise, play games, work and earn, shop and develop new skills. As personal digital, physical, financial and social worlds become increasingly linked by connected devices, the demand for enhanced user experiences also continue to rise. The metaverse has the potential to deliver these enhanced experiences and reach a value of USD 5 trillion by 2030, according to McKinsey research.
Decentraland is the first and largest metaverse which leverages a crypto asset called MANA to facilitate gaming and the purchase of virtual land, goods and services in the space. Sygnum’s three-storey hub is located in the virtual equivalent of New York’s Times Square. Users’ avatars can learn about Sygnum in the Crypto Garden and experience Sygnum’s vision of Future Finance in action throughout the complex. Areas include the SYGN lounge with a CryptoPunk receptionist, an interactive NFT gallery featuring curated exhibitions from Sygnum, its clients and leading creators, plus an exhibition hall for events and launches.
Metaverse investment is ramping up, powered by crypto-enabled retail transactions and a new generation of users completely at home with socialising, shopping and working in virtual spaces.
Martin Burgherr, Sygnum Chief Clients OfficerSygnum – a crypto-native financial institution in the metaverse
Sygnum believes that the metaverse, enabled by Web3 technologies, is evolving into the next iteration of the internet. Rooted in Swiss and Singapore heritage, Sygnum has also been an active, crypto-native member of the Web3 community since its inception, with projects including:
• Tokenizing a blue-chip NFT, Cryptopunk #6808
• Developing products, including regulated Ethereum staking, on open blockchains
• Regulated trading and asset management products for Decentralised Finance (DeFi) applications
• Membership with the governance council of Klaytn, Asia’s leading crypto blockchain and regional leader for gaming, metaverse and the creator economy
• Providing computing power for DFINITY’s Internet Computer (ICP)
“Metaverse investment is ramping up, powered by crypto-enabled retail transactions and a new generation of users completely at home with socialising, shopping and working in virtual spaces. Our new metaverse hub is the natural place to showcase Sygnum’s Web3 innovations and provide a trusted entry point for investors into the fast-growing Future Finance economy,” says Martin Burgherr, Sygnum Chief Clients Officer.
