Hodler’s Digest, Feb. 13-19 -Breaking
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BlockFi settles with the SEC, Russia’s CBDC trials begin and Cointelegraph releases its 2022 Top 100 list: Hodler’s Digest, Feb. 13-19JPMorgan wins $1T deal: JPMorgan become the first major bank in this metaverse
United States bank giant JPMorgan Chase (NYSE 🙂 took a look at what it sees as a promising new area of opportunity. Onyx is a new digital lounge that the bank opened in Decentralands. Decentraland, in the crypto industry, is one of several projects that utilize blockchain technology to offer a digital world experience.
JPMorgan views the potential of digital worlds and sees great opportunity. In the near future, the metaverse is expected to infiltrate almost every industry in some form. This market opportunity will generate over $1 trillion annually, according to JPMorgan in a recent report. According to the report, however, metaverse movements need further development in key areas to maximize their potential.
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