On Tuesday, J.P. Morgan launched an “Onyx lounge” in the metaverse, a virtual lounge in the blockchain-based world of Decentraland. Users of Decentraland can buy virtual plots of land in the form of NFTs using cryptocurrency supported by the Ethereum blockchain.
Probably nothing 👀 https://t.co/PaT8adE30u
— Christine Moy $APO 💎🔥🦈 (@cmoyall) February 15, 2022
On Twitter, many reported their experience at the Onyx lounge, mentioning a picture of CEO Jamie Dimon and a tiger prowling nearby. In addition, the business published a report outlining the opportunities it is exploring in the metaverse.
According to the report, J.P. Morgan may operate as a bank in the metaverse in the same way that it does in the real world. They believe that the metaverse’s virtual worlds have their own population, GDP, and currencies. They will support cross-border payments, foreign exchange, financial asset creation, trading, and safekeeping in the same way as a bank can.
