![\"\"](\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/12\/JPMorgan-Expands-to-Metaverse-Opening-Office-on-Decentraland-2.jpg\")
<\/figure>\n\n\n\nThe report introduces JPMorgan’s metaverse office, named “Onyx Lounge,” on the Decentraland platform. It highlights that JPMorgan customers can now access Ethereum-based services in the virtual environment through this initiative.<\/p>\n\n\n\n
The report emphasizes the expected impact of the metaverse on various sectors in the coming years, estimating an annual market opportunity exceeding $1 trillion.<\/p>\n\n\n\n
Furthermore, the report outlines the participation of various companies in the metaverse, including Walmart, Nike, Gap, Verizon, Hulu, PwC, Adidas, and Atari.<\/em><\/strong><\/p>\n\n\n\n Virtual goods expenditure is noted at $54 billion annually, with the current market value of NFTs standing at $41 billion.<\/p>\n\n\n\n Highlighting opportunities across diverse market areas within the metaverse universe, the report draws attention to the rapid increase in land parcel prices and the growing market for virtual real estate.<\/p>\n\n\n\n JPMorgan, one of the largest banks in the USA, has announced the opening of an office on the blockchain-based metaverse platform Decentraland. The move is detailed in a report titled “Opportunities in the Metaverse,” which explores growth prospects related to the metaverse for businesses. The report introduces JPMorgan’s metaverse office, named “Onyx Lounge,” on the …<\/p>\n","protected":false},"author":1,"featured_media":2933,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[322],"tags":[62,318],"class_list":["post-2931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse1","tag-decentraland-mana","tag-metaverse-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/2931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=2931"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/2931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/2933"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=2931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=2931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=2931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/12\/JPMorgan-Expands-to-Metaverse-Opening-Office-on-Decentraland-1-1024x683.jpg\")
<\/figure>\n\n\n\n
\n\n\n\nYou may also like this content<\/h3>\n\n\n