VirtualBanking

Banking In The Metaverse? It’s Coming Sooner Than You Think

Banking In The Metaverse? It’s Coming Sooner Than You Think

Ellen Britt for CNT #NFT Recently we reported on investment banking giant JP Morgan Chase, which has opened a lounge in the Decentraland metaverse, signaling an oncoming sea change in the banking industry.  First Mover's Advantage The company was the first banking institution to make this move, but others are sure to follow now that JP Morgan has blazed a trail. You can’t open up a checking or savings account just yet, but you can buy virtual real estate with NFTs and also make other purchases with cryptocurrency. Step Into The Lounge Their virtual space is known as the Onyx Lounge.…
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Virtual Real Estate – A One Trillion Dollar Opportunity

Virtual Real Estate – A One Trillion Dollar Opportunity

Ellen Britt for CNT #NFTThe juggernaut of investment banking firms, JP Morgan Chase, has opened a swanky new office in the Metajuku mall. An illuminated portrait of CEO Jamie Dimon is featured in the lobby, along with an opulent spiral staircase complete with a live tiger to guard the place. The only catch? The new office isn’t located in the real world, but is in the metaverse!The White PaperOnyx, the blockchain firm JP Morgan launched in 2020, just released a paper examining the opportunities afforded by going into business in the metaverse.BullishSuffice it to say that JP Morgan is bullish on the…
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