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-- 339.660 JPMorgan is the first bank into the metaverse
$JPMorgan (JPM.US)$, the largest U.S. bank, said it has opened a lounge named ONYX in Decentraland, a virtual world based on blockchain technology. It has become the first bank into the metaverse and provide lending services.
According to the JPMorgan analysis, "in time, the virtual real estate market might see services similar to those found in the physical world," such as credit, mortgages, and rental agreements.
Work in the metaverse will also be gainful, said the report, pointing to a range of entertainment providers, as well as apps like RTFKT, a virtual shoe designer recently acquired by $Nike (NKE.US)$. Another significant investment will most likely be in advertising, according to the bank, which estimates that in-game ad spending would reach $18.41 billion by 2027.
Do you think JPMorgan's placement of the metaverse will put him ahead of other investment banks?
Source: CoinDesk
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Crypto news and opinion. ༼ つ ◕_◕ ༽つ Crypto enthusiastic (Not a financial advisor)
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Syuee : $JPMorgan (JPM.US)$ is the first Wall Street bank to launch a presence in the metaverse as it seeks to capitalize on the metaverse.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
$JPMorgan (JPM.US)$
DBCoopson : they are giving out classes
CrowKing : yes it would but it opens a door for individuals with the necessary skills to wipe account clean if security is state of the art maybe not but their will always be away in and I believe this is the new way
三和巴菲特 : Centralized institutions have entered the decentralized market