A study shows that the metaverse will affect every industry in one way or another in the coming years. And that technology will change our lives.
JPMorgen is a global investment bank, often researching emerging markets and technologies. They say in a report: “The metaverse is likely to infiltrate every industry in one way or another in the coming years. With the market opportunity estimated at over $1 trillion in annual revenue.” The company has set up a lounge in Decentraland.
Metaverse technology and our lives
Global Investment bank JPMorgan recently published a report entitled ‘Opportunities in the metaverse’. The report was written by Christine Moy and Adit Gadgil. Moy is the global head of Liink, Crypto & the Metaverse at Onyx by JP Morgan. Gadgil is the head of e-commerce solutions at JP Morgan Payments.
The metaverse is definitely going to change our lives and more than we think. The report cites research by Grayscale Investments which states the following. “The metaverse is estimated to be worth a trillion dollars in revenue. For advertising, social commerce, digital events, hardware and monetization for developers/creators.” 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.
Good luck
The report goes on to outline its approach to the metaverse. “The success of building and scaling in the metaverse depends on having a robust and flexible financial ecosystem. Allowing users to seamlessly connect between the physical and virtual worlds,” the authors explained. So the bank really believes in it and has an “Onyx by JP Morgan” lounge in Decentraland equipped.
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