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JPMorgan: loans and credits from world’s first metaverse bank

5/26/2022

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JPMorgan Chase, the nation’s largest bank, announced that it is the first lender to enter the metaverse, a blockchain-based virtual world.
According to Coindesk, JPMorgan is the first lender to enter the metaverse, a blockchain-based virtual world.
JPMorgan launched the Onyx lounge and a whitepaper on how businesses can identify opportunities in the metaverse.
There is a lot of client interest in learning about the metaverse, and JPMorgan is attempting to highlight the current reality and what needs to be done next in technology, commercial infrastructure, privacy/identity, and workforce to maximize our lives in the metaverse.
In January, Samsung opened a Decentraland store, and in November, Barbados opened a metaverse embassy.
JPMorgan notes that the average price of a parcel of virtual land on the four major Web 3 metaverse sites: Decentraland, The Sandbox, Somnium Space, and Cryptovoxels increased from $6,000 in June to $12,000 in December.
According to a JPMorgan research cited by CoinDesk, “virtual real estate may eventually see services such as credit, mortgages, and rental agreements.” It was noted that decentralized finance (DeFi) and collateral management could be used instead of traditional finance organizations (DAO).

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  • Home
  • Photos 2022
    • Videos 2022
  • News
  • Nominations
    • Top Debut in Metaverse
    • Top European Metaverse
    • Top VC/Accelerator/Incubator
    • Top Blockchain Developer Services Provider
    • Top Blockchain Game of the Year
    • Top CVC Partner for Web 3.0/Metaverse
    • Top Corporate Partnership
    • Top Legal Firm or Services for Metaverse/Web 3.0 businesses
    • Top Avatar Design, Digital-Twin, or Identity Company
    • Top Cloud, Enterprise or Technology Partner
    • Top Partner for establishing early-stage presence in Metaverse
    • Most Innovative NFT Project
    • Top 3D Design Firm for Metaverse
    • Top Global City for Web 3.0/Metaverse Ecosystem
    • Top Fashion or Consumer Brand Initiative
    • Top Sports, or Events, Brand Initiative
    • Top B2B or Industrial Initiative in Metaverse
    • Top Wallet, or Digital Payment, ecosystem
    • Most Exciting StartUp or Early-stage Company
    • Top XR/AR/VR Firm for Metaverse
    • Top Consumer Hardware or Interface for Metaverse/Web 3.0
  • The Event
    • Agenda
    • VIP Jury
    • Brella Event App & Networking
    • Venue
    • Hotel Reservation
    • FAQs
    • Tickets
      • Pay via Credit Card
  • Contact