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Nedbank Stakes Claim to Village in Africa’s First Metaverse

Nedbank Group company headquarters in Johannesburg.

Nedbank Group company headquarters in Johannesburg.

Photographer: Nadine Hutton/Bloomberg

Nedbank Group Ltd., South Africa’s fourth-biggest lender by assets, has obtained a village for itself in Ubuntuland, establishing its presence in the metaverse.

The lender is partnering with Africarare, which describes itself as the first metaverse on the continent and creators of Ubuntuland, where one can buy, sell and rent property and other digital assets.