Competitors

We’ve taken a sneak peek at our competitors to see how they are trying to address the demand for utility in the metaverse.

1. Real Estate

Projects like Decentraland allow users to buy land in virtual worlds and rent out the virtual property

1. Commerce

   Metajuku Mall is a virtual shopping arena where users can engage in commerce with each other.

2. Gaming

Games centered around NFT technology like Axie Infinity and the Sandbox are helping demonstrate what’s possible when players have a financial stake within a gaming environment.

Countless enterprise organizations are starting to build out their own metaverse projects.

Examples include:

• Microsoft’s acquisition of Activision

• NVIDIA’s Omniverse

• JP Morgan

• Facebook’s 3D Advertising

Even organizations like Accenture, Deloitte, etc. are now offering full-bore metaverse consulting practices. Enterprise organizations, with the exception of Apple, are jumping on board.

Fortune 500 organizations have millions to spend, but far more red tape to jump through. In addition, they are developing products that go hand-in-hand with their current product lines. JP Morgan is building a virtual bank, Meta is building games, etc. There’s reason to call them compliments more than competitors, as they’ll bring market acceptance to our NFTs, crypto, and metaverse quicker than if we were to do it without them.