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Author Topic: JPMorgan Is the First Bank Into the Metaverse, Looks at Business Opportunities  (Read 89 times)
bbc.reporter (OP)
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February 17, 2022, 04:16:38 AM
 #1

No to bitcoin, yes to the metaverse? This article is causing me to speculate on why JPMorgan does not like bitcoin. This might be because they were not the first to invest in it when it was very cheap hehehe.

In any case, their interest in the metaverse might be letting everyone know that this might only be the beginning and the next pumps might be on metaverse, gaming tokens and NFT. I speculate anyone who has missed big profits on Defi and Dao tokens might have another chance on metaverse and gaming tokens.



JPMorgan, the largest bank in the U.S., said it has become the first lender to arrive in the metaverse, having opened a lounge in Decentraland, a virtual world based on blockchain technology.

As well as the unveiling of the Onyx lounge (the name refers to the bank’s suite of permissioned Ethereum-based services), JPMorgan also released a paper exploring how businesses can find opportunities in the metaverse.

"There is a lot of client interest to learn more about the metaverse,” Christine Moy, JPMorgan’s head of crypto and the metaverse, said in an email. “We put together our white paper to help clients cut through the noise and highlight what the current reality is, and what needs to be built next in technology, commercial infrastructure, privacy/identity and workforce, in order to maximize the full potential of our lives in the metaverse.”


Read in full https://www.coindesk.com/business/2022/02/15/jpmorgan-is-the-first-bank-into-the-metaverse-looks-at-business-opportunities/

JPMorgan’s analysis on the metaverse and future.
https://www.jpmorgan.com/content/dam/jpm/treasury-services/documents/opportunities-in-the-metaverse.pdf

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February 17, 2022, 05:30:56 AM
 #2

I think it's not No to bitcoin, it's "Yes to every opportunity that they can make money" obviously.

If I'm not mistaken, they have predicted that bitcoin will be in the $100k range to attract investments to their platform. Now it's time for them to get their hands dirty on Metaverse and see how it goes for them as this is the hottest commodity in crypto right now.

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February 17, 2022, 02:54:23 PM
Last edit: February 18, 2022, 03:08:02 PM by masterrex
 #3

I think it is a wise move for JPMorgan to ride the hype of Metaverse and earn some profit out of it, sounds clever Anyway It's not new because they have also shown some interest in Bitcoin but later on they denied and against it, And today that the so-called Metaverse is on the hype map suddenly JPMorgan have shown some interest in it. My question is What's next for JPMorgan? It's just a pure business nothing more nothing less.
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February 17, 2022, 03:13:37 PM
 #4

Seems like a framed story to pump the metaverse projects because I don't think many people even know about Bitcoin to understand metaverse payments projects and make investments on it. So its probably an attempt to create another hype but to the actual long term investor its just another bump and dump scheme.









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February 17, 2022, 03:18:14 PM
 #5

Seems like a framed story to pump the metaverse projects because I don't think many people even know about Bitcoin to understand metaverse payments projects and make investments on it. So its probably an attempt to create another hype but to the actual long term investor its just another bump and dump scheme.

Metaverse is not a pump and dump scheme and also it is not something that needs more hype. Metaverse is already hyped because of facebook announcing the name change of facebook to "Meta".

However, many projects are using the concept of metaverse into their project to get funds from the people. Need to be careful about which projects to invest in and which ones to avoid.

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February 17, 2022, 03:30:20 PM
 #6

I think it is huge. Imagine going to a bank or for that matter any business in virtual reality and experiencing activities in a much more real and personal way than a boring banking web page or scrolling through pictures of merchandise you want to buy. It is the way of the future.
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February 17, 2022, 03:56:47 PM
 #7

Seems like a framed story to pump the metaverse projects because I don't think many people even know about Bitcoin to understand metaverse payments projects and make investments on it. So its probably an attempt to create another hype but to the actual long term investor its just another bump and dump scheme.

Metaverse is not a pump and dump scheme and also it is not something that needs more hype. Metaverse is already hyped because of facebook announcing the name change of facebook to "Meta".

However, many projects are using the concept of metaverse into their project to get funds from the people. Need to be careful about which projects to invest in and which ones to avoid.
But what happened to Facebook recently people pulled their funds out of Facebook which hits 25% of the total network of facebook aka Meta company in just few hours so new investors may get bad vibe if they hear metaverse so the fade it away Illuminati community needs new idea. Cheesy









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February 17, 2022, 10:16:45 PM
 #8

JPMorgan, the bank has always been in news for flipping it's instance on crypto and now they are trying to open their own centralized bank's branch in metaverse. I personally am not much hopeful from the metaverse as not everyone would love to stay in virtual world. And with life like implementation, the negatives of real world would enter the virtual world and would be multiplied by the lack of law and order.

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February 17, 2022, 10:43:23 PM
 #9

I feel JPMorgan`s reluctance for BTC is also because of the regulations. BTC itself has future but the coin would have to fight for a bit of time.
Are metaverse tokens regulated? These projects are just babies compafed to BTC. JP morgan also offers crypto related service to their clients so it's not about regulation.


Seems like a framed story to pump the metaverse projects because I don't think many people even know about Bitcoin to understand metaverse payments projects and make investments on it. So its probably an attempt to create another hype but to the actual long term investor its just another bump and dump scheme.
People do not need to know about Bitcoin to understand crypto payments in Metaverse.
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February 17, 2022, 11:24:22 PM
 #10

Funny how JPMorgan has been throwing rocks at bitcoin for years, saying it's not secure, a waste of time, and not valuable in the long run, yet buys in to a project in the metaverse that doesn't have any guarantees of taking off, or even staying in the long term. Then again, whatever their choices are theirs to bear. They can't come in to bitcoin any more since a lot other entities have bigger share of the pie. They want to be the first movers, the giants of the industry, which they can't do anymore, hence why they divert their investments to other things which they can still act like they're important.
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February 17, 2022, 11:48:49 PM
 #11

JPmorgan not accepting bitcoin doesn't mean that they won't jump into the biggest technology in the world. The virtual reality is (Metaverse) booming and buying a lounge in the decentraland ecosystem is a way of being part of the project and they will make profits out of their investment. Good investors like the banking firms always look for a means to invest other people's money. Since a lot of funds is been locked into compound interest, I think the bank always look for a means to use those funds for quick profits. 

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February 18, 2022, 06:25:30 AM
 #12

Seems like a framed story to pump the metaverse projects because I don't think many people even know about Bitcoin to understand metaverse payments projects and make investments on it. So its probably an attempt to create another hype but to the actual long term investor its just another bump and dump scheme.

You might be correct that much of those projects might be scams, however, I also disagree because liquidity will only create more liquidity. It does not require anyone to hype the metaverse because this is where liquidity will naturally flow as speculated by JPMorgan. Did you read JPMorgan’s analysis? Everything in that analysis was not based on hype, it was based on increased liquidity year on year.

It also appears this will only the first of venture capital funds that might also become real crypto participants in Defi and the metaverse hehehe.



The Sequoia Crypto Fund will primarily focus on investing in liquid tokens and digital assets.

”While we’ve invested in both equity and tokens over the last five years, many have asked that we take a more active role in managing our tokens, including staking them, providing liquidity, participating in governance and trading through their platforms,” said Sequoia partners Michelle Bailhe, Shaun Maguire and Alfred Lin in the announcement post.


Source https://www.coindesk.com/business/2022/02/17/sequoia-capital-looking-to-raise-up-to-600m-for-new-crypto-fund/

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/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
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