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JPMorgan enters the Metaverse, Marshall Islands legalizes DAOs, Feb.


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Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing (BTC) for us after Wells Fargo (NYSE:) said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase (NYSE:) issued its own bullish outlook when it labeled the Metaverse a $1 trillion a year opportunity.

In addition to JPMorgan, the New York Stock Exchange (NYSE) this week sent out a strong signal that nonfungible tokens (NFTs) and the Metaverse are part of its long-term plans. On the regulatory front, the Republic of the Marshall Islands took a bold step in becoming a leader in the blockchain arena.

JPMorgan becomes first major bank to enter the metaverse

Marshall Islands opens up DAO registrations

Fireblocks acquires First Digital for $100M

NYSE files trademark application for NFT trading