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Metaverse News Europe


Tilia spins out, gets minority investment from J.P. Morgan to do metaverse payments

10/19/2022

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Tilia, the all-in-one payments platform spawned by Second Life, has spun out of Linden Lab and raised a minority investment from J.P. Morgan Payments.
The plan is to enable metaverse payments for all of the companies that need financial services for their virtual economies. Tilia will now be its own company, independent of Linden Lab, the owner of Second Life, the virtual world that debuted in 2003.

“They invested in us and they solidified a really big partnership,” said Brad Oberwager, executive chairman of Tilia. “We’re like the tip of the spear for the metaverse. They’re a good partner with a lot of credibility.”
Oberwager will be a speaker at our GamesBeat Summit Next 2022 event on October 25-26 in San Francisco. (You can use Dean50 for a 50% discount on tickets).

San Francisco-based Tilia’s payment solution has regulatory approval and is built for game, virtual world and mobile application developers. It handles payment processing, in-game transactions, as well as payouts to creators by converting in-world tokens to fiat currency including U.S. dollars, which serves as the backbone of any functioning virtual economy.

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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