JP Morgan Open First Virtual bank in Metaverse: Aims at $1 Trillion

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JP Morgan Launches a Lounge to Capitalise on $1 Trillion Revenue in Metaverse

 

Patrick Iturra, August 19, 2022

JP Morgan Chases are opening a lounge in decentraland. They have also quoted a significant opportunity to make money in the Metaverse. 

The bank’s lounge is located in Metajuku, a virtual version of Tokyo’s Harajuku shopping district. Decentraland is one of the most popular metaverses, and it is an Onyx lounge where a tiger roams on the first floor and a Jamie Dimon picture on the wall.

There is a staircase that goes to the second floor, where you can watch experts regarding the crypto market. 

JP Morgan is starting in virtual real estate! They have released their white paper with the opportunities in the Metaverse and stated that they could generate more than $1 trillion in revenues. 

During a recent tweet, Christine Moy, the global head of Link, Crypto & the Metaverse for JP Morgan has, written in the paper that we help clients to cut through the noise and highlight and build scaled next in the commercial infrastructure, technologies, privacy, and identity workforce in the Metaverse. 

One example is that the bank recognizes an opportunity to expand virtual real estate ownership & decentralized autonomous organizations (DAOs) as these purchases’ financial arm. 

In 2021, the average price of a parcel rose to $12,000, double $6,000. Also, the bank estimates seeing more virtual concerts by artists such as Ariana Grande.

Metaverse is Booming: 

Now and then, we have heard the news from companies and celebrities that they are building their presence in the Metaverse like Lydian.World

Ever since the news came out, Meta has talked with other people. Please ensure that you note that the price of tokens in Decentraland, Sandbox, or Somnium has risen after the announcement. 

Now, Big companies such as Microsoft and Nike are also looking to capitalize on the potential of the Metaverse. 

To explain this further, consider the example of cryptocurrencies. Nobody was not taking it seriously ten years ago. But we have seen that people have become millionaires with their crypto investments. 

Therefore, you should consider and take the Metaverse seriously, just like JP Morgan Chase. 

This was my blog regarding the recent update of JP Morgan Chase’s lounge set up in the Metaverse! 

I am always keen on providing valuable information to you. Suppose you want to stay updated with information regarding investments and building wealth. Then you can visit my blog here!

What’s with Metaverse: My opinion as a strategic investment Advisor

I have worked as a strategic investment advisor for the past 24+ years. I have interacted with multiple clients and helped them to build long-term wealth over time. 

I have seen a lot of trends come and go! This makes me eligible to share my opinion on the metaverse hype. 

Metaverse has significant opportunities! It is a virtual reality that comes with infinite possibilities. Anything present in the real world can be created in the Metaverse.

Fill out this FORM and enter the new world of GSPartners-Exchange investments in the Metaverse Lydian.World

 

Business development is the ideas, initiatives, and activities that help improve a business. My experience results in your business’s increased revenue, expansion, and profitability by building strategic partnerships and making strategic business decisions.

I don’t sell houses. I grow your Assets. Patrick Iturra, Asset Manager at Estate Investments Group  

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