SCB 10X unveils its idea on headquarters in the Sandbox, presenting Thai elements in a borderless digital world and fostering a stronger Metaverse community
- Prepping for new growth, endless possibilities, and regional partnerships
SCB 10X seeks new growth and new business models in the future world with a focus on disruptive technology, particularly the Metaverse. SCB 10X recently unveiled its idea on headquarters in Metaverse as the first banking group entity globally to develop the headquarters in The Sandbox. The idea on virtual HQ is designed to reflect the past, present, and future of Thai culture that is influential to SCB 10X development. The virtual HQ features three zones: 1. Virtual hub: A space for events and knowledge sharing through an immersive experience, 2. Virtual land: A space for business partners to collaborate on activities and project development in the future, 3. A hub to support and promote local artists in the global market through an NFT marketplace, NFT gallery, virtual concerts, and more. SCB 10X HQ expects to welcome public visits within the fourth quarter of 2022.
SCB 10X Chief Executive Officer Dr. Arak Sutivong said, “our mission is to achieve exponential growth through venture building and investing in disruptive technology startups worldwide. Financial technologies of the future, such as Blockchain, Digital Asset, DeFi and Metaverse, are core areas of interest for us to explore. We believe that Metaverse will play an important role, enabling infinite creations in a digital world, shaping new frontiers for the economy of the future.”
SCB 10X Chief Venture and Investment Officer Ms. Mukaya Panich said, “We anticipate huge growth potential in the metaverse. Leading companies and brands worldwide are constantly joining virtual worlds. The blockchain-based metaverse HQ in the Sandbox aims to provide a community-driven open space in Metaverse with limitless inspiration and possibilities, to grow users in Thailand and regional for future collaboration in Metaverse. The HQ features three utility zones: 1. Virtual hub: A space for events and knowledge sharing through an immersive experience, 2. Virtual land: A space for business partners to collaborate on activities and project development in the future, and 3. A hub to support and promote local artists in a global market through an NFT marketplace, NFT gallery, virtual concerts, and more.”
The design of SCB 10X HQ in the metaverse is designed to reflect the past, present and future of Thai culture. Here, visitors will be able to traverse through three uniquely crafted environments with different functions, namely, The Past: A glorious foundation for the future, The Present: A gateway for boundless networking with partners, and The Future: Exponential growth.
“SCB 10X is the first banking group entity globally to develop the headquarters in The Sandbox, a blockchain-based virtual world platform. We expect an official launch for public visits within the fourth quarter of 2022. Meanwhile, we are also interested in metaverse investment and plan to host a metaverse hackathon soon for enthusiasts to express their creativity and energy. We hope these activities will help foster a stronger Metaverse community and expand the ecosystem globally.” Ms. Panich added.
SCB 10X HQ in the metaverse: Fact sheet
Roles:
- A leading regional partner to provide a community-driven open space in the metaverse with limitless inspiration and possibilities in the future world
- A community enabler to grow users in Thailand and regionally for future collaboration in the metaverse
Utilities:
- A virtual hub for SCB 10X and SCB Group companies’ internal and public events, product demos, and knowledge sharing. For example, avatar speakers may be invited to share knowledge on such technologies as blockchain and decentralized finance (DeFi) and bring immersive experiences to users.
- A virtual land: An opportunity for business partners in Thailand and overseas to collaborate on activities for further virtual projects or promotional metaverse events.
- A hub to support and promote local artists in the global market through NFT gallery, virtual concerts, and more.
Design concept & inspiration:
SCB 10X is a subsidiary of Siam Commercial Bank (SCB), the first Thai bank. The design of SCB 10X HQ in the metaverse is inspired by its past heritage to its future presence in the global arena and borderless digital world. It is a journey through Thailand’s prominent landmarks from the past to the present time and a vision of Thailand in the future. SCB 10X HQ in the metaverse comprises three zones with the following different functions:
- Past: A glorious foundation for the future
The design of this zone renders the glorious past through a setting of Yaowarat (China Town) and a riverside community way of life as the key economic locations from the past until now, with boats as the main mode of transportation. The zone is a SCB 10X portfolio showcase and partnership promotional space.
- Present: A gateway for boundless networking with partners
Thailand’s prosperity and cross-border connectivity with the world is reflected in this zone, with Hua Lamphong Railway Station as a gateway landmark from the past to the present time, Suvarnabhumi Airport acts as a gateway landmark for the present and the future, and trains and airplanes as the main modes of transportation in this zone. This zone is designated for developing a community to share new ideas and innovations through townhall events and seminars.
- Future: Exponential growth
A world is full of hope, fun, happiness, and imagination beyond the physical world. The main landmark of this zone is a towering SCB 10X HQ suspended in the air. The aerial space in this zone is flexible and can be adjusted to suit one’s imagination. This is a career and education zone for knowledge sharing and SCB 10X recruitment. Futuristic vehicles, including cars and bicycles, are the transport modes in this zone.
