JPMorgan Becomes First Major Bank to Open a Lounge in the Metaverse

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The bank has presented the lounge area in the Metajuku shopping center along with a report in which the experts analyzed business opportunities in this segment. The company has said it has become the first major financial enterprise to be represented in the virtual space. According to the report:

“The Metaverses are likely to infiltrate every sector in some way in the coming years, and the market opportunity is estimated at over $1 trillion in annual revenue. As a result, we are seeing companies of all shapes and sizes enter the space, including Walmart, Nike, Gap, Verizon, Hulu, PwC, Adidas, Atari and more.”

JPMorgan has noted that the amount of spending on virtual goods reached $54 billion a year. Over a six-month period in 2021, the average price of a piece of land in the metaverses has doubled.