Space: Establishing commerce in the Metaverse

Abiodun-Victoria
Space Metaverse
4 min readJan 15, 2022

--

Digital trading in the Metaverse is opening up several opportunities we have never seen before. Also, its immersive characteristics differentiate it from traditional eCommerce as we know it.

In this sense, our platform is designed to revolutionize eCommerce and play a key role in creating that new world while developing the economy through goods and services previously nonexistent.

Space is the metaverse of commerce, inspiring the generation of new companies and services while providing commercial exchange opportunities in this new economic order. According to Bloomberg, Intelligence is forecast to have a market size of up to $800,000 million by 2024.

But what is Space?

Space focuses on building a metaverse of commerce where users can buy/sell goods, socialize and develop their own reality in this virtual world. Space is the metaverse where users can create a vibrant user-owned economy through unified knowledge, joint effort, and fair distribution of rewards, based on a core culture of collaboration and economic opportunity with commerce.

To achieve this, the team has launched our Alpha version of the space platform, with unique properties for commercial interaction between users. Therefore, facilitating a powerful and versatile interface for developing new spaces to be produced spontaneously, as part of the nearly billion-dollar economy forecasted by Bloomberg Intelligence.

With Space Alpha, a new level of user experience can be created in the metaverse in terms of commercial interaction. For example, create a virtual store through a template or build your space in a short period with “Wixifying”; browse galleries, purchase goods and services or simply promote your brand; it is all possible in this new reality of this commerce/business metaverse.

Currently, Space has several rooms such as Hangar, Concert Hall, Amphitheater, among others, increasing the functions in our Alpha version, especially on the shopping and business side to increase and facilitate commerce in the metaverse.

Space: A metaverse for everyone

Space Metaverse won’t just be a territory for big brands. Unlike other virtual spaces where we see colonization of the land by large commercial monopolies of industry, Space plans to be a metaverse where entrepreneurs and creators will have access to millions of users for which they can build unique virtual products, which the audience has not seen before.

With Space, commerce and business revolutionize the traditional forms of what we have experienced in eCommerce. Without the filter of the material costs of manufacturing and distribution, businesses will have an unprecedented possibility of reaching customers.

As never before, we will see customers’ needs satisfied, and thanks to the use of blockchain technology, the needs of these customers and their empowerment will be the measure of all things.

Space uses virtual reality (VR) technology to achieve an even more natural and satisfying experience when using these devices in the metaverse, taking commerce to the next level.

And looking to the future, Space will allow interoperability between metaverses, so inhabitants of Space will be able to travel between the different metaverses in the future and engage in commercial interaction with the use of the blockchain. With this key feature, the creations of entrepreneurs and users, in general, will be exposed to a broader public.

Not least, trust in Space will be a valued feature for buyers. Thus, through solutions derived from extracting the technological complexity behind purchases (blockchain, protocols, etc.), commercial interaction in Space will be a challenge to overcome thanks to the absence of centralised governments and the set of pre-existing rules, defined by the community itself that ensure the consideration of the requested service.

Building the Metaverse together

Experts agree that it is unlikely that a single company can build and maintain the cyber world in this new economy that is developing in metaverses.

Space offers a collaborative path to shape one of the keys and primitive forms of social interaction in each new space, physical or virtual: commerce.

Collaboration makes the opportunities to develop companies and technologies on the Space platform even more enjoyable. Space is creating the new economic reality of the virtual world. So don’t miss the opportunity to stay one step ahead of the future of commerce and join Space.

About Space

SPACE is a metaverse catering to the arts and commerce and aiming to provide powerful builder tools that allow users to design and create immersive commerce spaces without barriers. It acts as the glue to the various metaverses, bridging the many virtual worlds into one trading hub. We are focused on creating a vibrant user-owned economy through unifying knowledge, joint effort and fair rewards distribution based on a culture of collaboration and economic opportunities.

Website | Twitter | Telegram |Discord |Instagram

--

--