During Connect 2021 in October, Meta gave the world an insight into the future by sharing the infinite possibilities of augmented and virtual reality. It seems that incredible opportunities will arise for businesses of all scales within the coming ten years. Today, we will share and conceptualize this new world of business opportunities with along with some successful cases worldwide.

Speculated as one of the largest industries to boom in the metaverse, the entertainment industry itself is a huge industry
that gives a variety of business ideas in the metaverse. Entertainment has always been an integral part of life and almost every individual practices a form of entertainment. As the metaverse moves entertainment from the real world to the virtual world, people are bound to try out these new and refreshing forms of entertainment.

Since the internet has revolutionized marketing, we can expect the metaverse to land a great impact on the marketing industry as well. Businesses are already opting for digital marketing compared to traditional marketing due to its effectiveness. Imagine this, if you could feel something before buying it and even without physically being there, how effective would that be?

The metaverse will elevate games to a point where players can feel every action in the game and interact with friends as though in real life. What’s more, players can customize their look into almost any look they desire. It is almost like shopping for new clothes in the real world but you are shopping for a new look to be worn in the metaverse instead. According to Statista, the video gaming industry is expected to value at around $268.81B by the end of 2025. Now could be a great time to develop a game that can fit right into the metaverse. 

Virtual goods are making their way, especially in lines such as fashion and gaming. In the fashion industry, collectors are always looking to gather limited edition products. In games, players buy clothes and accessories for their avatars or even furniture and decorations for their virtual house. That said, making or selling NFTs could give a promising potential for your business in the metaverse.

Pretty similar to what we do in real life, owning land in the metaverse opens up other profitable opportunities for you. Say, you can trade lands with others, rent them out, or use them to build your own business. Some companies are already offering lands even before we see the metaverse.

Metaverse will be decentralized. Hence, digital currencies will be widely used. Other than investing in existing cryptocurrencies such as ETH, MANA, SAND and so on. Another option is to build a coin that can be used in the metaverse. However, it will need to be a coin that stands out from the existing market. When building a new coin, think of faster and cheaper transactions.

Meta's Oculus VR headsets, Microsoft HoloLens augmented reality goggles and other VR and AR products are early examples of metaverse products. The process of designing and producing new improved gadgets are still ongoing. If you could create or get a hold on even a single gadget, it would be hard for others to meet the standards and be on par with your competition.

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