This is how JPMorgan wants to get into the Metaverse

 

JPMorgan is the first bank to enter the Metaverse. With a lounge in Decentraland, the banking giant wants to expand its presence in the new virtuality and advertise new market opportunities.

JPMorgan has acquired LAND tokens on the blockchain-based 3D world Decentraland.

With the Onyx Lounge opened there, customers should be made aware of virtual reality.

In the Opportunities in the Metaverse report , the banking giant attests that “the Metaverse is likely to infiltrate every sector in some form over the coming years, with market opportunities estimated at over $1 trillion in annual sales.”

"Over time, the virtual real estate market could offer real-world-like services, including loans, mortgages and leases," according to the JPMorgan report.

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