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Metaverse News Europe


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
  • News
  • Nominations
    • Top Global Event
    • Top Metaverse Platform & Virtual World
    • Top VC or Accelerator
    • Top Blockchain Developer Services Provider
    • Most Impactful Marketing Advertising Campaign
    • Most-promising Corporate VC Investment
    • Top Corporate Partnership
    • Top Legal Firm for Metaverse/Web 3.0 businesses
    • Top Avatar Design Company
    • Top Digital Twin Initiative Enterprise
    • Top Digital Twin Initiative Consumer
    • 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 Fashion Brand Initiative
    • Top Consumer Experience & Entertainment
    • Top Sports Brand Initiative
    • Top Enterprise Productivity initiative
    • Top Digital Payments platform
    • Most Exciting Scale-up Company
    • Top XR AR VR Firm
    • Most Exciting Hardware for Metaverse/Web3
    • Most Promising Haptics Initiative
  • 2023 Summit & Awards
    • VIP Jury
    • Summit Agenda - Day 2
    • Strategic Partners Matchmaking - Day 1
    • Venue
      • Hotel Reservation
    • Tickets
      • Pay via Credit Card
  • Exhibitors
  • Contact
    • 2022 Event
      • VIP Jury
      • Agenda 2022
      • Photos 2022
      • Videos 2022
    • FAQs
    • Brella Event App & Networking