Featured in BlockchainMagazine, CEO Jordan Edelson uncovers how businesses will soon begin adopting strategies to take advantage of new Metaverse opportunities.
It is imperative to not overlook the business opportunities that are arising through the metaverse. A McKinsey report claimed that the metaverse could produce up to $5 trillion in value by 2030, making it an opportunity that’s “too enormous” for businesses to pass up.
With that being said, that doesn’t mean that businesses should jump in without a plan. It is crucial for businesses to understand that the metaverse just creates another medium to interact with their audience. Businesses must understand the proper angle of how to engage with their audience before getting involved.
“The business proposition is the type of virtual presence a firm would like to develop whether it be for informational or entertainment purposes, and how they want to communicate with their consumer.Jordan Edelson, TradeZing CEO
An organization should consider the metaverse’s costs and the increased consumer engagement they would experience online.”
Edelson explains that for the experience to be successful, a company must comprehend its target market and establish an authentic presence without imposing itself on the customer.
Within the metaverse, there are opportunities to sell many new digital products, such as NFTs, that were not available to businesses in the past. Edelson notes that setting up the proper KPI’s for your business is important for measuring the success of your Web3 endeavors.
“The metaverse is still a very new concept and businesses are experimenting with different features, so an organization needs to remain flexible and keep in mind that the technology is evolving. Eventually, once we pass the trial-and-error phase and the infrastructure is fully developed, we will see this sector grow and more companies will embrace the metaverse.”Jordan Edelson, TradeZing CEO
To learn more about these metaverse opportunities, read the full BlockchainMagazine article, 3 Amazing Business Opportunities With Metaverse here!