this post was submitted on 23 Jul 2023
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Digital Assets

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A Place to Learn About and Discuss Digital Assets.

Rules:

  1. Adhere to the lemmy.world rules.
  2. Posts must be relevant to digital assets.

Resources:

  1. What is a Digital Asset?
  2. Centralized vs. Decentralized
  3. Use Cases for Non-Fungible Tokens

A lot of the initial posts here will highlight influential companies that have had some ties to digital assets, however, the posts thereafter will be current and address utility:

-Owning your media (not having to subscribe to Prime and Netflix indefinitely to access the content you've already purchased).

-Empowering musicians to cheaply distribute their content without Spotify gouging their sales. (And for the artist to make money off every subsquent sale thereafter, not just the initial one)

-Having control over the assets you buy in games, such as skins/weapons/pets and the ability to sell them later on, or take them with you to an interoperable platform.

-Having the option to transfer/gift the tickets you buy off Ticketmaster, no matter what event it's for.

-ect..

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Chocolate
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JP Morgan becomes the first bank to open in the metaverse where you can shop with crypto and NFTs (www.euronews.com)
submitted 1 year ago by Chocolate to c/digitalassets
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In JP Morgan’s virtual lounge, you can buy land with NFTs and cryptos and meet a tiger.

You can now do your banking in the metaverse after the US lender JP Morgan opened up a lounge in the blockchain-based virtual world of Decentraland on Tuesday, becoming the first major bank to do so.

In the virtual lounge, you can buy virtual plots of land with non-fungible tokens, or NFTs, and make other purchases using cryptocurrency.

Before you reach the lounge, you are greeted by a tiger and an avatar of JP Morgan’s CEO Jamie Dimon.

The bank unveiled its virtual world, called the Onyx Lounge, alongside a report which showed the types of business opportunities companies may find in the metaverse.

”The metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion (€880 billion) in yearly revenues,” the report said.

JP Morgan said it plans to "play a major role in the metaverse," and could help tackle issues in the virtual world currently dealt with in real life, such as validating accounts and fraud prevention.

Interest in the metaverse spiked last October after Facebook announced it was changing its name to Meta to reflect its focus on the virtual world, where users will be able to work and socialise.

The metaverse, which already exists especially in gaming, may provide massive advertising potential, which companies such as Nike are already trying to tap into with NFT-based products and shop fronts.

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