Justin Hochberg, CEO of the metaverse company Virtual Brand Group, which allows corporate companies to transition to the virtual universe, talked about how great opportunities the industry brings for businesses.
Speaking at the Consumer Electronics Show held in Las Vegas, Hochberg said that companies metaverse He stated that it was a great advantage for him to reach a new style, product and income models by opening up to his universe.
Hochberg emphasized the importance of the virtual universe for companies to create new revenue models through brands. The Metaverse universe is much less costly than putting up billboards everywhere to acquire new customers because of its easy accessibility.
When asked about a new revenue model emerging, the Metaverse provider cited Roblox as an example. Elements of Roblox, a multiplayer open world game in a virtual universe, are now physically available in most toy stores.
What is the Situation of the Metaverse Industry?
The virtual universe sector, which reached its peak in popularity in the last months of 2021, lost all its reputation with the bear market that started in cryptocurrencies. Apart from the speculation on cryptocurrencies, we must admit that virtual environments are of great importance in the future in the digitalized world.
One of the world’s largest banks CitibankIn 2025, the metaverse sector 13 trillion dollars waiting for it to reach size.
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