Metaverse Markets and Business Forecasts in GamesPad | 2022 Industry Report Bitcoinist.com – Bitcoinist | Jewelry Dukan

Road Town / British Virgin Islands – Gaming, NFT and Metaverse ecosystem GamesPad released Metaverse: New Business Opportunities, a comprehensive research paper that explores how the metaverse will impact key business sectors, explores the opportunities this new concept offers, and offers strategies for capitalizing on those opportunities.

GamesPad believes that the Metaverse will transform all aspects of our lives, from the way we socialize to the way we work, shop, and even consume content. In the report, GamesPad lists the new markets created by the development of the metaverse and advises entrepreneurs, thought leaders and business owners on the importance of establishing a metaverse business strategy. In this article, we will examine the predictions and insights about the future of business in the Metaverse from contributors to GamesPad’s 2022 Metaverse Industry Report.

The future of business in The Metaverse

The Metaverse economy is expected to be worth as much as $13 trillion by 2030. Many well-known mainstream companies, particularly tech giants, have already begun exploring and investing heavily in the Metaverse, underscoring the potential opportunities companies have in a variety of current business areas.

In the research paper, Constantin Kogan, co-founder of GamesPad and BullPerks commented: “The importance of the metaverse is twofold. First, its decentralized nature is revolutionary, shifting power away from a single business entity and giving it back to the people. The second is connection. A shared community where everyone has access to be who they want to be. This is important because empowered people, who feel supported by the community, can change the world.”

Anastasia Drinevskaya, CEO and Creative Director of Cointelegraph Communications added: “Innovation in technology is the key factor in how metaverse opportunities are presented to business leaders. As the Metaverse evolves, the strategies will become clearer. In a borderless virtual world that allows users to explore and interact, the Metaverse is powered by an independent virtual economy leveraging blockchain and NFTs.”

In the report, GamesPad notes that companies of all types can have their share of the Metaverse, although they must develop a Metaverse business strategy in the early stages to maximize their impact.

Fashion

Fashion brands will play a crucial role in shaping the emerging stages of the Metaverse. Digital self-expression is becoming the primary way for people to express their personality, mood, and style in the metaverse, which will bring the need for an entirely new sector focused on branded avatar skins and other digital apparel. However, the Metaverse mode is not limited to this and offers more possibilities.

Wahid Chammas, Chairman and Co-Founder of Faith Tribe, Co-Owner of Faith Connexion and Founder and CIO of TyreGate Capital, commented: “Today’s consumers are demanding immersive experiences where they can express their identity through fashion in both their physical and digital worlds. As we like to say at Faith, digital fashion is not limited to avatar clothing. It’s a growing fashion subculture that embraces digital design and modeling of real clothing, uploading designs for real and digital clothing to the blockchain (so those designs can be sold as NFTs), and even transferring digital clothing to real people will include.”

Additionally, the Metaverse serves as the perfect environment for creativity and self-expression for all users, especially content creators, artists, and fashion designers.

The creative freedom that comes with digital design is a profound benefit for fashion designers and artists of all kinds. Our evolving digital world has transformed the way the masses interact with fashion brands and clothing in general. Physical garments are no longer the most important element. – said A.Bahadir Yener, founder of Metawear. – Fashion goes beyond fabrics and fashion designers are harnessing the creative freedoms of digital design to rekindle the spark in consumers to discover their own digital and physical identities. Digital fashion has the potential to be both inspirational and accessible in ways that the physical world doesn’t offer.” – he added.

Ecommerce

Travis Wu, Founder of High Street, on e-commerce opportunities for brands in the Metaverse: “Metaverse residents are already spending hundreds if not thousands of dollars on virtual assets, be they character skins or weapons, gamers understand the emotional payoff of customizing digital avatars. What Web3 does is it decentralizes these assets from the studio’s game servers and gives true ownership of them to players, allowing them to then resell digital assets to their peers. For brands, this not only creates a brand new sales market, but also unlocks the fastest growing demographic for their sales.”

property

As the boundaries of real geography fade, virtual real estate embraces opportunities in digital landscapes, virtual games and entertainment. GamesPad believes that investing in a single location in the metaverse has the potential to reach a larger customer share than most physical locations. Currently, the Metaverse’s expansion relies heavily on digital real estate trading and rentals.

Eran Elhanani, co-founder of GamesPad and BullPerks said: “We all know from the traditional real estate world that when supply is limited and demand is high, prices go up and it’s all about location, location, location. The same applies to the metaverse. While there may be multiple digital worlds/metaverses, just like countries and cities, there will be some more prosperous and attractive than others, and it will be a matter of buying land in those where it is also limited.”

To play

Gaming and entertainment platforms will be at the forefront of Metaverse development. Gamers worldwide have shown a fondness for games that offer immersive experiences with 3D graphics and VR-enabled titles, putting the already booming GameFi industry in a unique position to capitalize on the Metaverse.

“Game developers are focusing more on economic incentives within gameplay as the GameFi model is fast becoming the most important feature for Metaverse gaming projects. Game monetization keeps players interested and invested, and decentralized finance (DeFi) makes all of this possible. As we see more game projects expand features to be more immersive and leverage technologies like AR and VR, we will also see that Metaverse-enabled games will have incentive structures that allow players to earn real-world income. “- Phillip Devine, CEO of CryptoBlades Kingdoms.

entertainment

Over the past year, we’ve seen exciting entertainment companies like Snoop Dogg and Deadmau5 hosting full-fledged virtual concerts. GamesPad believes the Metaverse will make concerts and other virtual events borderless and borderless, allowing global audiences to participate and enjoy exhibitions.

Brian Hazan, Co-Founder and Chief Revenue Officer at THE HUSL commented: “Entertainment players may have the most lucrative opportunities in the metaverse. This emerging virtual space is generating immense interest from younger demographics, a social group most excited about new ways of entertainment. Because of this, gaming, mass media, and even event management companies are joining the metaverse and trying to create a virtual replica of their real-world services to seize the opportunity and expand the reach of their audience.”

marketing

The Metaverse can add even more excitement to digital marketing due to the fully immersive experiences implied, allowing businesses to engage with customers on a whole new level. Some of the strategies for metaverse marketing include in-metaverse ads, virtual influencers, metaverse events, and metaverse commerce.

Dana Kachan, CMO at GamesPad and BullPerks, commented on the marketing at the Metaverse: “The metaverse is the next big thing in digital marketing. Marketers have always strived to create more immersive and exciting brand experiences. Today there is probably no better place for it than the Metaverse. From virtual showrooms to test drives to online shopping, all of this will take on a new form in the Metaverse and drive customer engagement to skyrocket. Imagine a Ferrari test drive on the virtual streets of Los Angeles, Bangkok or anywhere else in the world.”

bottom line

The Metaverse can help all businesses connect with customers, increase brand awareness, and identify new revenue streams. With the help of Metaverse: New Business Opportunitiesyou can explore Metaverse markets, the opportunities this new concept offers, and strategies for exploiting those opportunities.

The research paper was authored by GamesPad and BullPerks co-founders Constantin Kogan and Eran Elhanani. It overlooks 20+ Metaverse trendsUnique stats collected from the environment 1,000 respondentsas well as insights from the Top industry experts and thought leaders including:

You can download it here for free.

Contact:

Dan Kachan
Marketing Manager at GamesPad
marketing@gamespad.io

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