JPMorgan Chase publishes a summer reading list, a tradition that has been going on for more than two decades. The list published in the past months takes a slightly different approach from other years. JPMorgan Chase made this year's book collection available to visitors in its virtual hall in Decentraland in February.

Sandeep Vishu, one of the partners of the consultancy firm Capco, stated that Metaverse, a virtual world that they can explore using virtual reality and augmented reality headsets, is a new interaction and participation model for society. In addition, it is a world where the banking industry can be in.

“If the metaverse is a new model of interaction and participation for society, banks should follow suit,” Vishu said. In addition, he concluded, “Banks must understand where and what role they will play in the Metaverse universe and find ways to act early and be a part of the ecosystem. If they do not act early, they will not find a place there.”

Like JPMorgan, another bank, Quontic Bank, takes a first-mover approach to the Metaverse universe. The New York City-based digital bank opened a virtual office in Decentraland last month. On this occasion, the bank hosted a virtual launch party.