While still in its initial stage the metaverse is expanding in ways that affect the entire society. Realizing the potential that it holds to our future and shaping our future, we at the World Economic Forum even launched an initiative with multiple stakeholder partners, Defining and Building the Metaverse that aims to accelerate the development of governance frameworks as well as enhance the value-creation in the world of metaverse. With global brands, multinational corporations and a variety of organizations from diverse sectors joining in the initiative, it’s evident that the metaverse is more than only an idea.
In the business world there is evidence of that the metaverse informing every aspect of business. We are seeing companies using the metaverse in order to improve their marketing strategies. One way to start your metaverse journey is to be a part in the metaverse marketplaces.
The Ultimate Guide to Metaverse Marketplaces:
- What is a Metaverse Marketplace
- Why Businesses Should Consider Implementing a Metaverse Marketplace
- Key Elements of a Metaverse Marketplace
- How to Create a Metaverse Marketplace
- Getting Help in Creating Your Metaverse Marketplace
- Emerging Metaverse Marketplaces to Watch Out For
- 1. Voxels
- 2. Metahero
- 3. Xanalia
- 4. Nakaverse
What is a Metaverse Marketplace
Metaverse marketplaces are platform for trading digital assets, such as virtual lands in-game assets, as well as various other intangible assets. The transactions through the marketplace are built on blockchain technology and all NFTs can be utilized and transferred across the metaverse. For brands, the metaverse marketplaces provide a means for customers to discover the products and services they offer interactively.
The majority of metaverse marketplaces nowadays are focused on NFT games and artwork. Users can purchase, sell or trade NFT artwork such as GIFs, digital images audio video, as well as gaming assets. They also allow users to visit virtual galleries, play previews, take part in presentations and participate in live auctions using their avatars.
metaverse stock marketplaces are also available which allow the purchase and sale of online real estate with real cash or cryptocurrencies. A few users purchase properties and then sell them at more money when they gain value from the community grows.
As a business you can buy your own digital piece of land, in which you can create an online shop. You can provide brand NFTs tokens as well as access to events as well as other digital goods. You can also make use of your virtual space to communicate with other users of the metaverse, and offer them exclusive online experiences.