Brands are placing more of an emphasis on metaverse experiences
Trend - Mainstream brands are now investing in metaverse technology to develop a range of shared social experiences online. While the concept has yet to become a mainstay among consumers, technology brands are seeing the potential in creating extensive online worlds where individuals share immersive virtual spaces.
Insight - In light of the pandemic, more individuals are accustomed to virtual experiences. As technology continues to advance, consumers are expecting these virtual spaces to be more sophisticated and life-like, transforming the experience into a manifestation of reality. As people, especially younger generations, continue to turn to digital means to establish a sense of interconnectedness, brands that offer community-based virtual experiences will win consumer loyalty.
Insight - In light of the pandemic, more individuals are accustomed to virtual experiences. As technology continues to advance, consumers are expecting these virtual spaces to be more sophisticated and life-like, transforming the experience into a manifestation of reality. As people, especially younger generations, continue to turn to digital means to establish a sense of interconnectedness, brands that offer community-based virtual experiences will win consumer loyalty.
Workshop Question - How can your brand leverage the metaverse to expand consumer reach?
Trend Themes
1. Metaverse Development - As both consumers and brands shift towards immersive, community-driven virtual experiences, startups are innovating to create accessible and efficient VR development platforms.
2. Mini-metaverse Platforms - Companies are now creating mini-metaverse platforms that offer consumers a range of virtual worlds to interact with, attracting virtual-savvy consumers and pushing the limits of application development.
3. Blockchain-based Gaming and Commerce - The integration of cryptocurrency betting and decentralized commerce platforms into the Metaverse presents a unique and potentially lucrative innovation opportunity for businesses in both the gaming and commerce industries.
Industry Implications
1. Virtual Reality and Augmented Reality - As consumers look for more personalized Metaverse experiences, VR and AR technologies push the boundaries of immersive, interactive realities.
2. Gaming Industry - As more Metaverse concepts emerge, startups and businesses in the gaming industry are creating VR-compatible games and investing in mini-metaverse infrastructures.
3. Blockchain and Cryptocurrency - The integration of cryptocurrency and blockchain is making its way into the development of virtual economies within the Metaverse, creating distinct opportunities for businesses in the blockchain industry.
4 Featured, 29 Examples:
65,944 Total Clicks
Date Range:
Aug 21 — Sep 21
Trending:
Average
Consumer Insight Topics:
