Your business and the Metaverse?

What is the metaverse - and what could it mean for your business or organisation?

The metaverse is ushering in the next wave of change and is providing forward-looking companies with the opportunity to act today and be ready for the future.

The metaverse promises a stunningly realistic 3D digital world where you can (for example) purchase and sell goods and services, sign and enforce contracts, recruit and train talent, and interact with customers and communities.

PixelMill can help you to explore potential uses for your specific business or organisation.

There is tremendous opportunity

The last time the internet went through a shift of this magnitude, Amazon, Netflix and Google went from small businesses to internet titans. The stage is set for the next dominant players in every industry.

Already, companies are looking to the metaverse to:
‍

  • Enrich the consumer experience
  • Introduce virtual products, only available in the metaverse
  • Collect new data on customers
  • Market physical and digital products and services
  • Support metaverse payments and finance
  • Offer hardware and applications that support metaverse activities
    ‍
Get Started

There is tremendous opportunity

The last time the internet went through a shift of this magnitude, Amazon, Netflix and Google went from small businesses to internet titans. The stage is set for the next dominant players in every industry.

Already, companies are looking to the metaverse to:
‍

  • Enrich the consumer experience
  • Introduce virtual products, only available in the metaverse
  • Collect new data on customers
  • Market physical and digital products and services
  • Support metaverse payments and finance
  • Offer hardware and applications that support metaverse activities
    ‍
Get Started

Market Size

$47.69 Billion
Was the global metaverse market size reached in 2020

$800 Billion
Is what Bloomberg’s predict that by 2024, the market size of the metaverse will reach

$1.5 Trillion
According to a PwC forecast, the market size of the metaverse will reach.

$8 Trillion
Goldman Sachs says the metaverse opportunity could be.

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Remember what happened to Kodak, Blockbuster, and Toys-R-Us…

Just like in the early years of the web, businesses are racing toward a future utterly different from the one they were designed for. Over the next decade, we will witness a complete transformation of nearly every environment in which companies do business.

Kodak dominated the photographic film market during most of the 20th century. The management was so focused on the film success that they missed the digital revolution after starting it. Kodak filed for bankruptcy in 2012.

The video-rental company was at its peak in 2004. They failed to innovate into a market that allowed for for delivery (much less streaming).While Netflix was shipping out DVD’s to their customers homes, Blockbuster figured their physical stores were enough to please their customers.

Toys R Us was once of the largest toy chains around the world. The brand signed its own death when signing a 10-year contract to be an exclusive vendor of toys on Amazon. In 2017 Toys R Us filed for bankruptcy.

3 ways to start preparing for the metaverse era

Get up to speed. Most companies — even many technology companies — lack institutional familiarity with the metaverse’s concepts, which are evolving quickly. Many may also lack the skills and processes to truly understand and trust their digital transactions and investments.

Develop a strategy. Identify gaps to close and long-term opportunities to build from the metaverse and its key concepts, then work on foundational measures.

Test the waters. Select a few opportunities available within the metaverse’s underlying trends today and develop some proof-of-concepts.

Get Started

3 ways to start preparing for the metaverse era

Get up to speed. Most companies — even many technology companies — lack institutional familiarity with the metaverse’s concepts, which are evolving quickly. Many may also lack the skills and processes to truly understand and trust their digital transactions and investments.

Develop a strategy. Identify gaps to close and long-term opportunities to build from the metaverse and its key concepts, then work on foundational measures.

Test the waters. Select a few opportunities available within the metaverse’s underlying trends today and develop some proof-of-concepts.

Get Started

Why you shouldn’t wait

Many of the key concepts that would underlie a true metaverse are already maturing quickly. Getting started early can help make sure your company won’t be left behind.

We are already seeing the beginnings of a new digital world. It’s time for you and your company to chart your course in it.

We can help you take those first important innovative exploratory steps to get up to speed, develop a strategy and test the waters.

Contact us today.

Get Started