U.S. Wall Street Union Bank Ltd

It was reported on February 18 that JPMorgan announced the launch of virtual bank on Tuesday and opened a "Onyx lounge" in the metauniverse, which is a virtual lounge in the decentraland world based on blockchain. In decentraland, users can purchase virtual plots in the form of NFT in cryptocurrency. The "lounge" was established by Onyx, JPMorgan's blockchain division.
The bank also released a report detailing virtual world opportunities. The document points out that JPMorgan can operate like a bank in the virtual world, and the virtual world of the meta universe has its own population, GDP and currency. Similar to its role as a bank, it can promote the creation, trading and custody of cross-border payments, foreign exchange and financial assets. Morgan said the average price of a piece of virtual land has jumped to $12000 from $6000 in June last year. People have spent about $54 billion on virtual goods.
It is noteworthy that meta, the parent company of Facebook, which recently took a stake in the concept of "metauniverse", lost $10.193 billion in the business of metauniverse for the whole year, which led to the decline of the company's share price. Meta's current market value is $565.4 billion, which has evaporated $513 billion from its peak.
Recently, the concept of meta universe has been very popular both at home and abroad. Many people are asking what is going on with the concept of meta universe, and the world's top investment banks such as JPMorgan Chase have also begun to enter the meta universe. So what should we think?
First of all, we should understand that for the current market environment, it is a normal market phenomenon for top investment banking giants such as JPMorgan to enter the meta universe. From the perspective of essence, world-class investment banks are also an integral part of the service industry. In any market, as long as there is market demand, The demand for financial services will also exist. As long as JPMorgan sees that so many corporate giants begin to enter the meta universe, it will inevitably produce corresponding financial demand. It is logical for JPMorgan to enter the meta universe as a financial service provider. Moreover, we have seen the news that four major accounting firms have entered the meta universe. From this point of view, It is not surprising that well-known financial service enterprises will enter the meta universe in the future.
Secondly, for most enterprises, there may be some risks in entering the meta universe, but for well-known banks such as JPMorgan Chase, the risk of entering the meta universe is very small. This is because he plays more roles as an intermediary rather than a direct buyer or buyer of transactions. Therefore, under such a background, JPMorgan's entry is actually a reflection of its new market layout in order to obtain more benefits. Under the leadership of JPMorgan Chase, more well-known investment banks on Wall Street may enter the meta universe in the future. JPMorgan Chase is equal to the first financial investment bank to eat crabs, and it is also possible to obtain more market dividends in the market, which is also the reason for JPMorgan Chase's current large-scale layout.