Known as the world’s largest bank in terms of market value, JPMorgan has officially entered the metaverse. JPMorgan, which opened an office on the popular metaverse platform Decentraland (MANA), named this office “Onyx”. Although JPMorgan’s metaverse office is not actively serving at the moment, it may start to manage the economy of the virtual world in the future.
As a matter of fact, the step taken by JPMorgan is hardly surprising. Because companies such as Samsung, Vestel, Nike and Burger King have been working to enter the metaverse for a while. As a matter of fact, we could already expect a giant bank like JPMorgan to exist in this sector. The pay off here is that JPMorgan is the first bank to enter the metaverse.
What can JPMorgan do at Decentraland?
*JPMorgan’s office in Decentraland
JPMorgan also spoke about the metaverse world in their statement on the subject. In this context; The officials, who said that they believed that the technology still needs to be developed, stated that there are great opportunities here. Also; In the company’s statements, the phrase “methanomy” was included. This phrase refers to the economy in metaverse technologies. It seems that JPMorgan is trying to show its presence in virtual worlds in addition to traditional financial systems.
According to JPMorgan, the metaverse will have its own real estate market, credit and mortgage systems, and lease contracts in the future. In other words, all financial transactions that take place in the real world today will show themselves in metaverse ecosystems such as Decentraland in the future. At this point, JPMorgan officials, who do not hesitate to praise themselves, say that the competence they have in the real world can also be best evaluated in metaverse ecosystems.
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