VR's Metaverse: The Future of Every Brand
Recently, the social media giant Facebook headlines by setting up an exclusive product team for 'Metaverse'. Mark Zuckerberg is keen to transform the social media firm into a metaverse company. It is hinted, he believes that AR systems would be ubiquitous within the next decade. If that is the case, should every brand give serious thought to embracing Metaverse? Well, probably yes. Metaverse is the next level of digital reality that would enable us to work, play, and socialize. In short, smart glasses that would allow one to the word "metaverse" is a portmanteau of the prefix "meta" that refers to beyond and "universe." The term itself hints that it is a concept of a future level of the internet consisting of persistent 3D virtual spaces connected to a virtual universe.
Presently, the big brands are trying their luck venturing into the Metaverse. This is a trend for any new implementation, as initially, people are hesitant to try it, and when some explore it and get trending, there is no looking back. Like in the early 2000s, the advent of social media took time to gain popularity among users. Likewise, the 2020s is the time for the advent of a metaverse which would undoubtedly grab the attention of the businesses to embrace it and venture into the next phase that is Web 3.0.
The marketing and communications professionals could focus on the Metaverse as this is likely to be the next frontier for online communication. Also, with the invasion of the Metaverse, online marketing would certainly undergo yet another revolution following social media. Considering this, various firms are investing billions in developing the Metaverse. Alongside, the ongoing pandemic has also played a vital role in shifting our lives online, making us totally dependent on the internet. By making us understand that work could still have the same productivity when performed being at home, family or friends online get-together, virtual shopping and trials, zoom meetings and more. With online social gathering and gaming gaining wider attention, brands embracing Metaverse would inevitably skyrocket.
Akin to the real world, we should get a clear idea of the culture inside the Metaverse. The brands could get the impact via digital clothing, marketing, or world-building. However, in the Metaverse, users may not be separately drifting around. They would have friendships, relationships through autonomous NPCs, holograms, or other people who may affect their decisions. Furthermore, brands would need to continue adapting to relationship styles of play and connect. With this, the customers may not be able to communicate as we do on social media. Yet, they would be able to talk to them in 3D form.
On the other hand, online shopping could also to given Metaverse. The organizations could design brands for varied people who invest a considerable sum in the Metaverse would possess their own business or asset. This would allow associating with firms that are not physically present.
Styling plays a vital role in designing a character or being interpreted by an avatar. Virtual fashion houses and designers could get a chance to venture into a whole new market of digital clothing. The Metaverse is about integrity in ways that haven't been feasible before.
The organizations would have to change their marketing strategies from online advertisement buys to enduring a shared, virtual economy. The firms may do market research on their new customers in the Metaverse. The way people prefer in the Metaverse could be entirely different from how they act and what they choose in the shop for in real life. In addition to that, the course of business to the robot and to the consumer, where virtual assistants and robots maintain the relationship with the consumer, it all begins to make sense.
Huge Opportunities for Businesses
Presently, numerous brands are digital-first. Some develop their identity online before developing an actual product. They would also apply these skill sets to the Metaverse. They may extend their digital personas, info, and venture into products that unite with consumers digitally. Those who understand digital art, online culture, and gaming experiences will flourish in the Metaverse.
A new iteration of the internet is being served on, and this would certainly have massive implications for society. Marketing, communications, and branding professionals may face the all new challenges and get new opportunities. This new era of the Metaverse will bring out unique creativity and open up new frontiers and horizons for brands and businesses.
This is the chance for brands to grab the opportunity and grow by embracing the digital future. Organizations could also apply how they adopted the internet and social media to avoid lagging behind competitors in the new digital world. The Metaverse may look like another big thing to do as part of digital transformation. But, embracing the Metaverse as an opportunity to spread your brand, what it does and how it exponentially does change the overall perspective of the business.