Spain's Largest Bank to Host Digital Awards in the Metaverse

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In mid-July, Spanish bank Santander will announce six winning companies, which will receive a total of $120,000 for business development.

Santander X Global Awards CeremonyThe Challenge is set to take place in the Decentraland metaverse on July 14th. The ceremony marks the end of a project competition held jointly with the Oxentia Foundation, in which about 400 legal entities took part. The closing date for applications was June 9, 2022, after which a jury of international experts narrowed the list to 20 finalists.

Among the 20 companies that reached the final, there are tenstartups and ten scalable projects under active development. Of these, six will be selected as the best, presenting effective solutions focused on digital technologies - from privacy and security to decentralized finance (DeFi).

Winners will become part of the Santander X 100 community of entrepreneurs and will have access to company resources such as clients, educational programs and connections.

At the awards ceremony, six winners will receive a total of 120,000 euros (approximately $121,985) - three startups at 10,000 euros each, and three more ongoing projects at 30,000 euros each.

At the beginning of the year, Santander announced thatis developing the possibility of providing loans secured by tokens of agricultural products. The bank assured that this is the first project of its kind that combines financial products with agricultural tokens.