Several tech giants like Microsoft have been working on creating a metaverse for the workplace. The initial plan is to create virtual conference rooms where colleagues could meet using virtual reality. During the pandemic, online meetings have already become commonplace in the workplace using apps like Zoom and Google Hangouts. Employees have felt the effects of what's called "Zoom fatigue," and companies are looking for better ways to engage employees online.
Through the metaverse, an online conference room will become much more realistic. The presentations will be more compelling, communication will feel more genuine, and the audience will be more engaged.
As metaverse workplaces prove to be useful, they could greatly increase the number of international teams. Furthermore, companies can hold their international meetings online and reduce their business travel expenses. Although the metaverse cannot completely replace human interaction, it can certainly speed it up. You can create a business that offers an international working hour scheduling service or create a translation plugin for international meetings. That is two excellent business models for the metaverse right there.
Gaming
Gaming will be one of the industries to cross the frontier into the metaverse. Virtual reality glasses caught the attention of the gaming industry when they were introduced. These days, popular game engines like Unity 3D offer developers to export their games for virtual reality. Moreover, 3D art and environments have been used in the industry for decades. We can expect game developers to be among the first to adapt to the upcoming metaverse.
They will be able to adapt quickly beyond the technical aspects of game development. Games with large followings, such as MMORPGs and MOBAs, have utilized their own currencies for in-game purchases for a long time. A few developers are now accepting cryptocurrency payments too.
The gaming industry has all these advantages over other industries, making it one of the poster children for Web 3.0. You can invest in the metaverse early on by investing in game studios that are shifting towards it. If you are a high-risk investor, look for angel investment opportunities in small startups. To be on the safe side, look for established game studios that are showing signs of making the shift. Collect stocks early and follow them regularly to ensure they are progressing.