Emirates NBD Launches Accelerator Programme for Metaverse Start-ups

UAE-based Emirates NBD, a leading banking group in the MENA region, has launched a global accelerator programme for metaverse start-ups to develop the virtual economy.

Emirates NBD is exploring new technologies in the Web 3.0, as 94 per cent of all financial transactions and enquiries are made outside branches.

The bank is seeking fintech companies, digital start-ups and emerging technology players operating in the metaverse to strengthen its immersion in the virtual world in three key areas: creating a technology stack to move to 3D, developing virtual worlds to augment the customer experience and building a decentralised payment infrastructure to create, monetise, buy and sell digital assets and services.

During a ten-week acceleration programme, the DIFC Fintech Hive, a partner of Emirates NBD, will evaluate and select the best startups. At the end of the programme, the best startups will be able to showcase their solutions at GITEX.