JPMorgan’s Onyx Unit Becomes First Bank to Open a Lounge in Decentraland

JPMorgan made a big step into the metaverse, becoming the first bank to open a lounge in Decentraland, in the Metajuku mall. The launch coincides with the bank’s release of a paper on the space, which says that “the metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.”