JPMorgan Enters the Metaverse With Virtual Decentraland Lounge

JP Morgan has unveiled its virtual lounge inside Decentraland along with a report calling the metaverse a multi-trillion-dollar market. 

A metaverse is a network of 3D virtual worlds focused on social connection

The bank believes that the metaverse could do $1T in annual revenue as creators look for new ways to monetize.

The report stated that the total addressable market of China's metaverse alone will reach $4T as it swaps mobile internet for a more immersive experience.

Once the metaverse disrupts offline activity like education, the TAM could reach $8T, according to JP Morgan.

JP Morgan also predicts in-game advertising on popular metaverse platforms to swell to over $18B by 2027.