An unforeseen acquisition has happened in the crypto field. One of the world’s biggest investment banks and financial services providers, JPMorgan, obtained land in Decentraland and opened a lounge representing the bank in the metaverse.
Unfortunately, JPMorgan does not intend to provide its services via the branch for now. On the other hand, they haven’t ruled it out in the future. Metaverses will need financial services such as mortgages, exchanges, wallet support, and traditional payments integration. JPMorgan owns Onyx, a blockchain accelerator platform. Thus, it is 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: