Global Investment bank JPMorgan says, “The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.” The firm has set up a lounge in Decentraland.
JPMorgan on the Metaverse
Global Investment bank JPMorgan recently published a report titled “Opportunities in the metaverse.” The report is authored by Christine Moy and Adit Gadgil. Moy is the global head of Liink, Crypto & the Metaverse at Onyx by J.P. Morgan. Gadgil is the head of e-commerce solutions at J.P. Morgan Payments.
The JPMorgan report details:
The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues.
The report cites research by Grayscale Investments which states: “The metaverse is estimated to be a trillion-dollar revenue opportunity across advertising, social commerce, digital events, hardware, and developer/creator monetization.”
“As a result, we see companies of all shapes and sizes entering the metaverse in different ways, including household names like Walmart, Nike, Gap, Verizon, Hulu, PWC, Adidas, Atari, and others,” the authors wrote.
JPMorgan proceeded to outline its approach to the metaverse. “The success of building and scaling in the metaverse is dependent on having a robust and flexible financial ecosystem that will allow users to seamlessly connect between the physical and virtual worlds,” the authors explained, adding:
Our approach to payments and financial infrastructure will allow that interoperability to grow.
The investment bank has set up an “Onyx by J.P. Morgan” lounge in Decentraland. The ground floor is an open space with a tiger walking around and a portrait of JPMorgan CEO Jamie Dimon. The lounge is upstairs where there is a big table with documents on it and large monitor screens. You can explore the lounge here.
The JPMorgan report cautions that “The components of the metaverse continue to evolve very quickly,” making it “difficult to base a business strategy on such a dynamic space.”
However, the authors emphasized: “The costs and risks of engaging early and consistently in order to build internal intellectual property, develop hypotheses about future business models, and identify ecosystem partners and collaborators are relatively low.” They elaborated:
The asymmetrical risk of being left behind is worth the incremental investment needed to get started and to explore this new digital landscape for yourself.
Do you agree with JPMorgan about the metaverse? Let us know in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
Lovely just what I was looking for.Thanks to the author for taking his time on this one.
You made some good points there. I did a search on the subject matter and found most individuals will agree with your blog.
Top page you have here, i dont agree with all the remarks but i think its right what you are saying.
imitrex 25mg usa – buy imitrex cheap imitrex
I am no longer certain where you’re getting your information, but good topic. I must spend a while studying much more or understanding more. Thank you for wonderful information I was searching for this info for my mission.
Wow! This blog looks exactly like my old one! It’s on a completely different subject but it has pretty much the same layout and design. Superb choice of colors!
I savor, cause I found exactly what I was taking a look for. You’ve ended my 4 day long hunt! God Bless you man. Have a great day. Bye