Metaverse lures brands with new ways to market and make money


It is still early in what some metaverse enthusiasts bill as the next evolution of the Internet, but proponents describe it as far more immersive than existing online offerings, with higher-quality, three-dimensional imagery. — People wearing VR headsets in metaverse. Credit Technology vector created by freepik - www.freepik.com or Freepik

Some of the world's biggest companies are starting to set up shop in the so-called metaverse, sketching out an early blueprint for how people might eventually make real money in the much-hyped digital realm.

For fashion brands, toy makers and others, this online world where users interact in their digital guise of avatars, not unlike in the movie Ready Player One or the online game Second Life, is emerging as a new frontier for commerce.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Metaverse , NFT

   

Next In Tech News

World's first wooden satellite, developed in Japan, heads to space
This humanoid robot can now operate with full autonomy
Scientists use AI to help track penguins in Antarctica
Windows 10 users will soon have to pay to keep getting security updates
Musk and X are epicenter of US election misinformation, experts say
OpenAI in talks with California to become for-profit company, Bloomberg News reports
Meta to extend ban on new political ads after U.S. election
Crypto firms including Robinhood, Kraken launch global stablecoin network
Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns
Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel's Altera unit, sources say

Others Also Read