JPMorgan Invests In Metaverse Payments Platform Tilia
Tilia, a Linden Labs spinoff developing a payment platform for virtual economies, has received a return investment from JPMorgan as well as new funding from Seoul-based fintech Dunamu.
Tilia has raised $22 million in funding to scale its platform for KYC-compliant micropayments and minted tokens for online games, creator platforms, social commerce, and other digital social worlds.
Tilia is also collaborating with JPMorgan Payments to expand its current capabilities across its processing platform, including increased payment and payout methods, expanded pay-out currencies, and support services.
(With inputs from Shikha Singh)
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