Decentraland Becomes the First Metaverse with Real Bank Branch of JPMorgan
DailyCoin
Published Feb 17, 2022 07:08AM ET
Updated Feb 17, 2022 07:31AM ET
Decentraland Becomes the First Metaverse with Real Bank Branch of JPMorgan
An unforeseen acquisition happened in the crypto field. One of the worlds biggest investment bank and financial services provider JPMorgan (NYSE:JPM) obtained land in Decentraland and opened a lounge representing the bank in the metaverse.
Unfortunately, JPMorgan is not intended to provide its services via the branch for now. On the other hand, they don’t deny such a series of events in the future. Metaverses will need financial services such as mortgages, exchanges, wallet support, and traditional payments integration. In its turn, JPMorgan owns Onyx, a blockchain accelerator platform. Thus, they are indeed experienced.
“The success of building and scaling in the metaverse is dependent on having a robust and flexible financial ecosystem that will allow users to seamlessly connect between the physical and virtual worlds,” the company commented. Inside the virtual building, you’ll find a tiger and a portrait of JPMorgan’s CEO Jamie Dimon. It’s interesting that the bank chose Decentraland instead of The Sandbox. While the first one is a pioneer of metaverses in the crypto world, the second tends to have quite active marketing collaborating with such popular culture icons as Warner Brothers, Snoop Dogg, Ubisoft, and others.
Check the previous updates of Decentraland:
Couple Gets Married for the Second Time, but in the Decentraland Metaverse: Here’s What Happened
Decentraland (MANA): Price Updates, Recent Developments, Future Events, Community
Decentraland Now Allows Personalization of Stores in Marketplace
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