JPMorgan becomes the First Bank Into the Metaverse

JPMorgan becomes the First Bank Into the Metaverse
  • JPMorgan (largest bank in the U.S.) announced that it has become the first bank to enter in the metaverse. It has opened a lounge in Decentraland i.e. a virtual world based on blockchain technology.
  • The lounge has been named as Onyx lounge and has an image of CEO of JPMorgan, Jamie Dimon.

Points to remember:

  1. JP Morgan bank is based in which country?- USA
  2. FIrst bank to enter the metaverse?- JPMorgan
  3. CEO of JPMorgan?- Jamie Dimon
  4. Full form of DeFi?- decentralized finance (DeFi)

Source: timesofindia

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