[Blockchain Today Correspondent Han Ji-hye] U.S. giant bank JP Morgan will open an official branch in Decentraland, one of the world’s four major metaverse platforms.
On the 15th (local time), The Block, a media specialized in cryptocurrency, reported that JP Morgan would open a branch called Onyx Lounge in Decentraland, a world based on blockchain. The name of this virtual branch, ‘Onyx’, is derived from ‘Onyx’, a block chain division dedicated to the commercialization of JPM, JP Morgan’s digital currency.
JPMorgan’s Onyx Lounge features the bank’s CEO Jamie Dimon’s image converted to a jpeg image of Onyx business manager Christine Moy. According to JP Morgan, the virtual branch is a first in the banking industry.
JP Morgan has teamed up with cryptocurrency-based company Techies to open a Metaverse store. Techis is building a ‘a crypto Wall Street’ in the Frankfurt area of ​​Crypto Voxels, a virtual reality platform.
J.P. Morgan unveiled the virtual lounge as part of an extensive research report covering the metaverse, according to The Block. In the report, JP Morgan noted that “Several types of companies, including Wal-Mart, Nike, Tab, and Adidas, are entering the metaverse in various ways.” “he emphasized.
“In the future, more people will be interested in the meta-economy, which will lead to the development of products that are consumed in the virtual world, which will be a huge opportunity to create new ways of generating profits,” he added. He explained, “In the virtual real estate market, services such as credit, home purchase loans, and rental contracts can be provided similar to the real world.”
contact@blockcast.cc
