The largest bank of the United States (US), JPMorgan is now in the metaverse, Decentraland!
It is understood JPMorgan has launched a lounge, Onyx Lounge, along with the publication of a paper presenting an exploration of business opportunities in the metaverse.
This is an exciting development from financial institutions as JPMorgan is the first bank to join the metaverse.
JPMorgan also revealed prices per parcel unit in the virtual world: Decentraland, The Sandbox, Somnium Space, and Cryptovoxels have doubled since the second half of 2021, from $ 6,000 in June to $ 12,000 in December.
Parcel refers to the subdivisions of small units that produce Land.
In fact there are already many well-known entities involved with the metaverse.
One of them is Barbados which launched an embassy in November in Decentraland, followed by Samsung which opened a New York branch in Decentraland in January this year.
Not enough with that, Walmart; Nike; Gap; Verizon; Hulu; PWC; Adidas; and Atari are also some of the great brands that have joined the metaverse.
It is also recalled that Maybank Malaysia once mentioned the uniqueness of crypto, non-fungible token (NFT), metaverse and asked the public not to worry too much about the negative impact.
JPMorgan’s participation in Decentraland has driven the price up nearly 11% in 24 hours, trading at $ 3.29.
