Decentraland Launches Metaverse ATM, Here's The Proof!

Decentraland launches ATM in metaverse. (photo: NFT Plaza dock)

JAKARTA – Metaverse game platform Decentraland (MANA) is reported to be launching an ATM metaverse on its platform. This effort is the result of collaboration with the Transaction crypto payment company. The metaverse ATM is scheduled to launch on August 2, 2022.

With this announcement, metaverse users will automatically have the opportunity to participate in the inaugural launch event which will last up to ten days.

According to a DailyCoin report, ATM Transak will allow users to buy Decentraland's native cryptocurrency, MANA. The ATM is intended to provide a new experience to metaverse users by making Web 3.0 transactions similar to using ATMs in the real world.

The ATM Transak development team hopes the solution will increase conversion rates in the metaverse store. It is also expected to reduce the knowledge gap required to operate in Decentraland.

In addition, developers will also be able to explain how property owners in the metaverse can integrate ATM solutions to monetize digital real estate.

On the other hand, the metaverse has boomed in the past year. With the increasing popularity and potential of the metaverse, a number of the world's leading banks have also decided to dive into the virtual world as part of the company's innovation development.

International banking giant HSBC partnered with The Sandbox as the developer of the metaverse game platform. On March 16, both parties agreed to establish a partnership. Meanwhile, banking giant JP Morgan has also teamed up with Decentraland. JP Morgan is scheduled to launch its first metaverse on the Decentraland platform.

JP Morgan's expansion into virtual real estate comes with the release of a white paper that explores the opportunities that metaverse development presents. Leading banks claim that the metaverse market could eventually generate $1 trillion in annual revenue.

The plunge of several banking giants into the virtual world is closely related to the meteoric rise of the metaverse. However, the metaverse is still in the early stages of development.

In addition to banking, several leading companies such as Adidas, Nike, Samsung, Atari, and others have already entered the metaverse. They even have virtual properties in the metaverse for corporate purposes.