JP Morgan Chase & Co, the global leader offering financial services said it has become the first bank to enter in metaverse – a virtual global based on blockchain technology, an immersive 3D version of the internet assists to transform workplaces and online interactions.
JP Morgan initiated its lounge on Decentraland, a metaverse platform. The Onyx Lounge is titled after the multinational investment bank’s blockchain business that was launched in the COVID pandemic year- 2020.

Visitors and invitees to the Onyx lounge are provided with the opportunity to create their icons by selecting a gender, hairstyle, attires, skin tone and other personification accessories. Also, thrills the visitors as they are greeted by a tiger avatar and a virtual portrait of Jamie Dimon, the Bank’s CEO.

blank“There is a huge client interest to acknowledge themselves about metaverse and are making attempts to underscore the significance of acknowledging the reality and also to predict the potential in technology, commercial infrastructure, privacy and workforce to expand their certainty of our lives in the metaverse,” the bank told CoinDesk in an email.

The company said it has set foot on the metaverse to escalate the many opportunities it offers for consumers and brands alike. “Whether it’s large tech players such as Microsoft planning to create realistic workspaces, or Ariana Grande holding a concert in Fortnite, the opportunities introduced by interactive, digital worlds tend to be boundless,” it said in a report.

Christine Moy, the Global Head of Liink, Crypto & the Metaverse at JPMorgan said “the bank wrote the report to help clients cut through the noise and emphasis what we would love to vision built or scaled next in commercial infrastructure, tech, privacy and identity, workforce, and social governance.”

 

TOPICS: JP Morgan Metaverse