JPMorgan has renewed its investment in Tilia, a Linden Labs spin-off that is developing a payments platform for virtual economies, and new funding has come from FinTech Dunamu of Seoul.
To expand its platform for offering KYC-compliant micropayments and minted tokens for online games, creator platforms, social commerce, and other virtual social worlds, Tilia has raised a total of USD 22 million in funding. With funding secured, the company hired Catherine Porter as its first chief business officer from Meta.
Along with the investment, Tilia is also collaborating with JPMorgan Payments to improve the capabilities of its processing platform overall, including expanding payment options.
Read More: JPMorgan invests in metaverse payments platform Tilia
