Retail in the Metaverse: How the Metaverse Can Transform the Industry
For retail participants, the new business opportunities inherent in the metaverse clearly seem exciting. As the metaverse and the Web3 infrastructure that underpins it are constantly evolving, Deloitte’s experts have examined what and how can affect the extent of retail in the metaverse.
In a short time, the metaverse and Web3 became prominent in the strategic thinking of many leaders. Goldman Sachs sees a potential of 8 trillion dollars in the technology, with proportionately large investments flowing into the sector, and the enthusiasm for business opportunities among retail players is also increasing. However, the challenge is that no one has a clear picture of what the metaverse will eventually become.
Where are we now? The idea of a metaverse has been around for quite some time, and is gaining popularity mainly due to the massive growth of the gaming industry. These are collective shared spaces that embrace an increasing number of virtual collaboration models, including both fully digital environments and digital additions to our physical world. In these rapidly evolving multi-dimensional worlds, users can have completely new experiences through cutting-edge technologies such as Augmented Reality/Virtual Reality (AR/VR), 5G, Artificial Intelligence (AI) or the Cloud.
Related news
Retailers in the metaverse
Deloitte’s experts have studied what can influence the expansion of…
Read more >‘Mall Of The Metaverse’ Launched By Majid Al Futtaim
Majid Al Futtaim has announced the launch of ‘Mall of…
Read more >Virtual is the new reality
Refillable products are more and more popular. Both retailers and…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >