HSBC first bank to go virtual in league with rivals JPMorgan

March 16, 2022

From a local bank to the metaverse world, HSBC joins JPMorgan in the metaverse.

What’s the catch? This is going to be the first bank to open in the virtual world.

The bank is predicting that the metaverse might turn into a $1 trillion market.

This collaboration is happening just after the first virtual mall “Metajuku” on Decentraland.

Brands like Nike, Disney and Warner Music Group, Walmart, Gucci all are joining metaverse. The sandbox has collaborated with more than 100 companies.

The growth of “ownership economy” in Web3 will expand.

The sandbox metaverse is trying to connect with VR, AR through online games.