According to Coin desk, JP Morgan has becomes the first lender to arrive in the metaverse – a virtual world based on block chain technology.
It is largest bank of USA. JP Morgan said that there is a lot of client interest to learn about metaverse and they are attempting to highlight what the current reality is and what needs to be built next in technology, commercial infrastructure.
JP Morgan said that the average price of parcel of virtual land double in the latter half of 2021from $6000 to $12000 by December across the 3 metaverse sites : Decentraland, The Sandbox, Somnium Space and Cryptovoxels