JPMorgan Just Took A Significant Move Into The Metaverse

JPMorgan just took a significant move into the metaverse, opening a virtual lounge in the popular blockchain-based realm Decentraland (MANA).

The new Onyx lounge was thus revealed alongside a bank report explaining metaverse-related development potential for businesses and outlined the reasons for the sudden explosion in interest.

According to JPMorgan, the metaverse offers a $1 trillion annual revenue market opportunity as artists use Web 3.0 to commercialize their work in innovative ways.

Adidas, Gap, Nike, Walmart, Hulu, Atari, PWC, and Verizon are among the early users and investors in the blockchain and metaverse economy, according to the bank. Many more are expected to become involved as time progresses.

In related news, long-time anti-crypto advocate Warren Buffett recently revealed a $1 billion investment into Nubank, Brazil&39s biggest fintech bank which is also very popular among the nation&39s BTC investors, while simultaneously dumping both Mastercard and Visa stocks.