?? METAVERSE DYNAMICS: Business Use Cases

?? METAVERSE DYNAMICS: Business Use Cases

?? METAVERSE DYNAMICS: Business Use Cases {#Infographic}

Metaverse can have various business use case applications, from the convergence of 3 macro Dynamics:


?? 1. INTERNET 3.0

??? Internet 1.0 users consumed digital content created by others.

??? Internet 2.0 users create/consume content, from which platforms derive economic benefit.

Internet 3.0

??? Internet 3.0 users consume/create/own content, enabling both consumption and exchange.

??? It will be a 3D mixed reality (MR) interconnected and seamless group of multiple content and marketing ecosystem platforms (Multiverses), where businesses and users can create, promote, buy/sell and "own" virtual and real products.


?? 2. EXTENDED REALITY (XR)

??? XR is 3D immersive technology comprised of Augmented, Virtual, and Mixed Reality applications.

XR

??? XR facilitates the evolution from 2D to 3D Internet, by providing more realistic experiences and digital displays.

??? As the number of VR users climbs, mobile AR leverages smartphone cameras to bridge the transition.

??? XR experiences will require a powerful cloud computing infrastructure and 5G communications.


?? 3. USER GROUPS

??? The Multiverse is a real-time, synchronous, persistent, concurrent, immersive, addictive interaction across conjoint Metaverse platforms.

Users

??? Users engage in and consume 4 main types of activities:

  1. Entertainment: games, movies, art, virtual experiences.
  2. Social Interaction: forums, concerts, dating.
  3. Content Creation: art, virtual experiences, product consumption (virtual/real).
  4. Training/Exercise: tutorials, courses, virtual coaching, virtual aerobics.


?? BUSINESS USE CASES

??? Companies already apply the Metaverse for virtual meetings and conferencing.

??? Other XR business use cases include:

  1. Digital Twin apps for 3D simulation of business operations.
  2. New-product design capabilities.
  3. 3D virtual "shop windows" and virtual 3D clothing "try-ons".
  4. Showing what furniture will virtually look like in their home.
  5. Giving the virtual driving experience of a new vehicle prior to purchase.

??? Such immersive apps will allow brands to reach consumers (mostly Gen Z) via mobile phones, tablets, PC browsers, and AR/VR headsets or eyeglasses.

??? Each Multiverse will have its own business model, rules, and user accounts.


?? IN SUM ...

??? In various ways (positive and negative), Metaverse is the next iteration of social and business dynamics. Strategy must be carefully chosen to avoid the excessive hype.

??? For assistance and strategic guidance, Message me.


Source: Totally condensed, modified, and adapted from BCG. Infographic is entirely mine. https://www.bcg.com/publications/2022/a-corporate-guide-to-enter-the-metaverse-explained


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