JP Morgan, which is considered to be the biggest bank in the U.S. and the world, has adopted the blockchain technology by opening a virtual lounge, called Onyx, in the metaverse, specifically in Decentraland.

So, what’s the fuss about?

The fuss is real. The bank has included a digital image of Jamie Dimon, its CEO, as well as allowed its users to build virtual spaces, and create and control avatars. That’s not it. Users will also be able to walk around and check out the lounge virtually.

JP Morgan launched its whitepaper including the vast opportunities and features that clients and brands can benefit from and explore. The whitepaper includes methods that users can utilize to browse and research allowing them to better understand the virtual world against reality in specific areas, such as experience, performance, and commercials. Moreover, the whitepaper provides the audience with an analyses on the potential that this technology has as well as its future, or what comes next.

The metaverse provides users with much more!

Banks play an important role in several aspects that affect the global economy and automatically, the metaverse, knowing that its potential doesn’t only tap into digital artworks and avatars. It’s much more than that. People are now capable of buying and selling, as well as trading in the metaverse. How about you also consider opening a bank account in the virtual world, as its estimated yearly value is set at around $1 trillion! Can you imagine the effect of the metaverse on each and every sector and market in the world?