JPMorgan’s Blockchain Business Onyx Searches for Its Identity—and Revenue

In early 2022, JPMorgan Chase proudly claimed it was the first bank to enter the metaverse.

Inside a crypto-focused virtual world called Decentraland, users could visit the swanky Onyx lounge, named after the bank’s blockchain operations, to mingle with fellow crypto enthusiasts and watch videos of the bank’s experts discussing crypto markets.

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