JP Morgan - First Bank Into Metaverse

The largest bank in the US JP Morgan has become the first lender to arrive in the metaverse with Onyx lounge.

A virtual lounge in Decentraland is a 3D virtual platform based on Ethereum blockchain technology.

JP Morgan also released a paper on how businesses can explore opportunities in Metaverse.

Bank also pointed out that a big spend is likely to be on advertising predicting ad spending is set to reach $18.41 billion by 2027.

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