How businesses try to make money in the Metaverse | Business Beyond

How businesses try to make money in the metaverse | business beyond

DW News published this video item, entitled “How businesses try to make money in the Metaverse | Business Beyond” – below is their description.

The Metaverse is on its way and with it a whole new online economy. The new virtual worlds of the “walk-in internet’ will see people making money in ways that were never possible before. In this edition of DW Business Beyond we explore all the ways that businesses will profit from the metaverse: be it through building virtual realities, making the hardware, or selling virtual assets like clothing and real estate. See how cutting-edge avatars are made, learn more about China’s own version of the metaverse, and find out how long it’s all going to take to happen.

Chapters

00:00 Introduction

01:22 What is the Metaverse?

04:15 Metaverse products & digital assets

05:20 Avatars 1 – how they’re made

07:15 Metaverse real estate

08:20 NFTs & blockchain

09:20 Interoperability

10:10 Services in the Metaverse

11:29 Avatars 2 – how businesses can use them

13:29 Meta’s metaverse drive

15:04 Metaverse hardware

15:53 ‘Chinaverse’ – China’s metaverse

18:53 When will it happen?

20:35 Goodbye

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About This Source - DW News

DW News is a global English-language news and information channel from German public international broadcaster Deutsche Welle, established in summer 2015.

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In This Story: metaverse

A metaverse is a network of 3D virtual worlds focused on social connection.

In futurism and science fiction, the term is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets.

The metaverse is something which many in the early 2020s are actively engaged in developing: an entirely online, virtual and alternative reality, in which people will be able to conduct many forms of business and social interaction – virtually.

The movement towards a metaverse gathered significant pace and attention when Facebook’s parent company rebranded itself to “meta” in 2021.

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