A whole New World: How businesses can explore the metaverse and navigate the hype vs. reality
Education meets the metaverse..!!!
The Internet has always been and will always be, a magic box. Looking at where the world stands today due to Internet, one will not have to think twice to agree with Marc. Internet has actually grown so big that it has given us a separate world to dwell in. It will not be totally wrong to say that for most of us, Internet is like a wholly different world that we can switch over to. And the interesting part here is that most of the giants in Internet have tried to make it as real as the world we exist. Virtual worlds such as Second Life and Vside are some of the finest examples for that. Today, the only speed that defeats technology is that of the light. Every single minute of the day, better technologies are shaping up to amaze us. Now, with Virtual Reality about to take over the Internet, the kind of virtual worlds we have seen thus far is in for a massive revolution. Metaverse, the collective virtual shared space might soon be the big fish that uplifts the way we access the world.
What’s your ‘metaverse strategy’?
In the metaverse, some of the existing services and business models we are familiar with will continue to exist, but the metaverse opens a whole new realm of ways to engage which we expect will lead to uniquely new services and
business models. Not everything in the metaverse will be relevant for every business. However, there is little downside to taking the opportunity to explore.
There are many different interpretations of the metaverse, and various angles to learn about beyond the content here.
While the metaverse will scale across many industry verticals, evaluate if there are relevant opportunities for your business.
Gain experience through internal development. Take the opportunity to explore creative consumer engagement through new channels, services, experiences, digital goods and assets. Start small and move fast. Test and learn.
Start building a network of metaverse ecosystem participants. The world is still small, so high quality collaborations and partnerships are still available at a reasonable level of investment. Connect with a new generation and tap into alternative talent pools.
Get your business out there and position yourself to capture the hearts and minds of tech-forward sub-communities.