Decentraland Becomes the First Metaverse with JPMorgan Branch

One of the biggest world’s investment bank and financial services provider JPMorgan obtained land in Decentraland and opened a lounge representing the bank in the metaverse.

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: 

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 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.