metaverse

The inherent nature of blockchain technology makes it difficult to mitigate security risks, and current regulation offers investors little protection, experts say.

The bank has acquired a plot of virtual land in Animoca Brands-owned metaverse, The Sandbox, providing it with a new way to engage with potential and existing clients.

The Hong Kong-based bank has made its first purchase in the metaverse, joining peer, JP Morgan, as it makes inroads in the world of virtual assets.

Tech entrepreneur, Yat Siu, launched one of Hong Kong's first internet providers in the 1990s and today, is contributing to what he calls “the open metaverse”, through the company he co-founded: Animoca Brands.

The metaverse is the next big thing, and the next big bet for many tech companies. From Facebook’s Meta rebrand to Disney going digital, companies are investing heavily to build what they envision as the next chapter of internet evolution. But in the Philippines, the future is possibly already present.