#ARK OF DREAMS

Digital banking pioneer, the Union Bank of the Philippines (UnionBank) has entered Metaverse in partnership with Filipino blockchain startup ‘Ark of Dreams’ (AoD). “With this partnership, the integration of a suite of financial services with UnionBank’s innovations merged with the principles of Blockchain technology through a gamified NFT platform that is Ark of Dreams, there are unlimited possibilities to serve the whole ecosystem. Ark of Dreams is a decentralized blockchain-based, shared human experience NFT game that runs on Binance Smart Chain using ‘Arkonia’ ($AOD) tokens that can be used for real-world transactions. This move makes UnionBank the first Philippine bank in the Metaverse, which means that their services can be utilized within the Metaverse beginning with the Ark of Dreams virtual space. For more information about Ark of Dreams, read their 'white paper' here. Under the new rules, BSP-supervised financial institutions (BSFIs) must adopt pricing mechanisms that are reasonable, fair, and based on market conditions. The company announced that its Board of Directors and shareholders have approved the move, allowing Mynt to pursue a public listing subject to regulatory approvals, market conditions, and other customary requirements. Read more in our articles including "UnionBank enters Metaverse thru Filipino blockchain startup" and "Banks, e-wallets face new BSP rules on digital payment fees".