Daiwa Group Launches a Metaverse for its Employees

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Key Takeaways:

  • Daiwa Securities Group Inc. has built its own metaverse in which employees can participate in a virtual moon landing.
  • Even though it is partly educational, the company’s current objective is to motivate employees to interact more with each other.

To give staff members the opportunity to communicate with one another and experience a simulated lunar landing, Daiwa Securities developed its own metaverse.

This past week, the brokerage company launched a virtual area to mark its 120th anniversary, inviting its workers and their families to partake in the celebrations on the virtual moon.

Bloomberg reported, Daiwa has developed its own internal metaverse to teach staff members about this cutting-edge new technology as well as serve as a shared sphere for them.

Chiharu Mori, a director of human resources at Daiwa, emphasizes that part of the goal is education, but the major goal is to urge employees to engage and associate with one another.

The company’s more than 15,000 employees globally have access to its virtual moon metaverse where they may control their avatars while sipping on virtual beer on the moon. They can also see the former corporate headquarters and take in a speech by CEO Seiji Nakata in a theatre. 

Although Neil Armstrong and Buzz Aldrin, astronauts from Apollo 11, were not mentioned if they observed them on the virtual moon.

Numerous brands and businesses have adapted to the metaverse, working with different gaming companies to develop mini-games, and islands, and even serve as wedding venues.

Companies worldwide have invested US$120 billion into the metaverse just this year, according to management consultancy firm McKinsey.

For its 120th anniversary, which predates the Wright Brothers’ maiden powered flight in a heavier-than-air aircraft, Daiwa opened the area this week for its workforce.

Daiwa has joined rivals Nomura Holdings Inc. and Mizuho Financial Group Inc. in investigating how the metaverse could change the way they and their clients do business.

As the blockchain and cryptocurrencies continue to expand in popularity, significant financial institutions are becoming increasingly active in the crypto space.

July brought news of Santander, which maintains the number one position in assets and loans in Spain, announcing plans to organize an awards ceremony for its Santander X Global Challenge | Blockchain on July 14 in the Decentraland metaverse.

Sumitomo Mitsui Banking Corporation (SMBC), a Japanese banking behemoth with over 463 branches worldwide and $2.1 trillion in assets, has earlier stated its intention to enter the sphere with Web3 and NFT projects, as many traditional banking organizations around the world consider entering the digital assets industry.

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Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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