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SMU Academy To Offer Metaverse and DAO Programmes To Prepare Singapore for the Arrival of Web 3.0

Facilitating the country’s heightened interest in the web 3.0 space, Singapore Management University (SMU) has launched two new web 3.0 courses together with TechFin Consulting.

The programme is set to focus on two major aspects of the highly anticipated web 3.0, decentralised autonomous organisations (DAOs) and the metaverse.

The courses aim to equip fintechs and tech participants with web 3.0-harnessing technologies in preparation for the arrival of the next generation of the internet.

As expressed by the Monetary Authority of Singapore (MAS) chief Ravi Menon, Singapore’s interest in developing the web 3.0 space has led to the inception of the ‘Global FinTech Hackcelerator 2022‘; an event seeking to harness innovative technology to further enhance the web 3.0 space.

The future of the local web 3.0 scene has a positive outlook and corresponds with the sharp growth in global business opportunities. The global metaverse market value is projected to hit $800billion as soon as 2024; accelerated by Binance Labs$500million investment in blockchain and web 3.0 companies.

Fintechs and tech companies can best prepare themselves for the future by acquiring relevant digital skills and knowledge now. According to data from Deloitte, 83 per cent of businesses are discussing or working on digital assets in the context of solutions or strategies.

In response to this fast economic paradigm shift, SMU Academy and TechFin have designed this programme to assist business leaders in identifying blockchain and metaverse and the impact it is expected to have on education, the environment, healthcare and diversity.

The courses hope to ‘demystify’ the areas of DAOs and the metaverse and facilitate their journey into web 3.0. Participants looking to venture into the job prospects of this space can solidify their credentials by obtaining a certificate upon completion of the course.

The programme is split into two separate full-day courses, with each focusing on DAOs and the metaverse separately. Conducted by people working in the industry, it will feature Sheng Le Yong, the former deputy director of the fintech and innovation group at MAS alongside Soh Wan Wei, the CEO and founder of IKIGUIDE Metaverse Collective.

Sheng Le Yong, the former deputy director of the fintech and innovation group at MAS
Sheng Le Yong

Identifying how the metaverse and DAOs are here to stay, Le Yong states that the courses hope to “empower leaders and entrepreneurs to identify the value drivers of these innovative technologies and to give them the practical understanding to build solutions.”

The course will encourage participants to engage in open discussions with trainers and will expose them to real-life case studies and applications that will help prepare them for the digital future.

The ‘Understanding DAO’ course will commence on 3 August 2022, and the “Diving into the Metaverse” will be held on 22 August 2022.


  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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