While Meta is most widely associated with the metaverse, even opening up a Meta Store at its Burlingame, California, campus on May 9, other retailers are turning to the metaverse to help with sales.
Virtual Events and Meetings
Metaverse events will set trends beyond media and entertainment, and enterprises can introduce it into their own gatherings now — even without Disney money to put up. For example, an application called Gather makes it easy to create fun, customizable online spaces for events and remote work.
Location, location, location. Whether you are looking for a virtual plot of land or are interested in faraway physical property, buyers and sellers are turning to the metaverse to improve their experience.
Architecture and Engineering
On the construction side of the real-estate industry, the metaverse offers potential for architecture and engineering both within these virtual worlds and outside of them.
Software developers will play a major role in building and maintaining the metaverse, but they can also take advantage of it to virtually collaborate and test.
Unsurprisingly, the gaming industry is investing heavily in the metaverse — and has, in fact, been there for years. Decade-old Second Life is still popular, as are Minecraft, Roblox, and Fortnite, all of which use metaverse technology. Expect metaverse players to continue to expand their offerings.
Metaverse technology is impacting the manufacturing industry by enabling 3D prototype design, rendering, and simulation, as well as allowing remote coworkers to meet virtually to collaborate on 3D models.
Powerful and reliable connectivity tech is a must if the metaverse is to run as users expect — or companies will lose those users. That means companies providing technology infrastructure must stay ahead of rapid development in the metaverse sector.
Because there is considerable overlap between the metaverse and decentralized technologies like blockchain, cryptocurrency, decentralized finance, and edge computing, enterprises should watch for developments associated with decentralized tech as they build out their metaverse strategy.