Opinions expressed are those of the contributors to Entrepreneur. In times of economic uncertainty you can often find unique entrepreneurial ideas in the metaverse. These ideas are often driving innovation in industries and opening new opportunities to businesses and individuals. Here are five trends to watch as
expands. Virtual content creationthe metaverse3D models have been used in nearly all industries for decades, including gaming, engineering, and architecture. Computer-based 3D modeling software has been used to create all products, buildings and characters. The value of this industry is expected to only increase by
. The metaverse is not included in this number. It is expected to grow by
.reaching $6.33 billion in 2028As more consumers move to 3D spaces, the demand for virtual goods will only increase. The Roblox metaverse, for example, has more than 40 million games in which its users create exclusively all characters, items, and environments. Top creators are able to make a lot of money. Just look at Samuel Jordan, who reportedly makes up to reach $783.3 billion by 2024 from selling his digital goods in Roblox.
Related: $80,000 each month2. Metaversal education
Covid-19 has shifted most of the world to Brace For Impact: It’s Time To Usher In The Metaverse
and distance learning. The schoolchildren were among the first to adopt this new technology. The idea of learning digitally has really caught the younger generation to the point where one of the most popular metaverses, Minecraft, has an educational platform for distance learning.
However, this is just the beginning of the global trend for online education. Straits Research predicts that the online education market will reach $1001010 by 2020. Entrepreneurs can expect to see new virtual learning platforms, along with courses on topics like avatar design, virtual law, and meta-marketing. The metaverse will offer many career opportunities to the younger generation. Virtual social and musical eventsremote workingDid You Know That
Attended Rod Stewart’s Free Concert on Copacabana Beach, Rio de Janeiro in 1994? The most popular live show remained until Travis Scott’s virtual concert in Fortnight Metaverse 2020. reach $198.9 billion by 2030 was logged in to his virtual concert. Metaverse was used by artists like Justin Bieber, Justin Bieber and Ariana Grande to provide virtual concerts. This trend creates many opportunities for musicians and other event planners on platforms who want to capitalize on the popularity of virtual events.
However, it’s important to start exploring these opportunities now, as global entertainment company, Live Nation,
to improve the virtual concert and social experience using AR technology.4 million peopleRelated: more than 12 million players4. Avatar dating
While the millennials got married virtually in the Covid-19 lockdown period, Gen Z used “stay at home”, as an opportunity to meet people on the metaverse. Games today can provide more than entertainment; they can even introduce you to potential partners.
Avatar-based dating is becoming more and more popular, with many new companies emerging that specialize in this service, such as has already partnered with Snap this year. The fast-growing avatar service lets users match with other VR enthusiasts and meet up anywhere within the metaverse. This trend will continue to grow and there will be more
entering this space.5 Technologies That Will Shape the Metaverse’s Future
5. Metfluencing
When it comes to influencers, the metaverse has become a prime
and advertising products and services. This is mostly due to its interactive platform, which allows users to engage with each other in real-time.NevermetThis trend is known as “metfluencing,” which refers to when an influencer leverages their popularity in the metaverse to influence other users. Albert Spencer Aretz (also known as Flamingo) is an American Roblox Gamer, whose “let’s play” videos have millions of views. Various sources have estimated his net worth at opportunities for entrepreneurs. His popularity has led to brands paying him to promote products on his YouTube channel. If you’ve ever considered becoming an influencer, the metaverse is definitely a great place to start.
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The metaverse is an ever-evolving ecosystem that’s becoming increasingly popular and accessible. Entrepreneurs should take advantage of this metaverse as more people are turning to it. There are many avenues for exploration, from establishing an online educational platform to promoting your products through metfluencing. You can create a successful business using the metaverse with the right strategy.