Digital transformation in 2022: Metamall and the future of blockchain commerce
As we close our IDOs and prepare for listing and product launch, we also look back at the creation of Metamall and how it all started. Myself and members of Metamall’s leadership have spent the better part of the last decade digitizing branded businesses and have seen web2.0 commerce explode to levels previously unimaginable. We also saw the dawn of a new era coming
We realized that the current generation and the new generation are finding social networks, e-commerce, etc. too transactional and want a better experience, more engagement and opportunities to create wealth. On the other hand, we have seen that brands seek to reach a wider audience where they are represented in a lively and interactive environment and can trade directly. So we decided to create a playful retail experience platform to connect the two. And where real wealth can be built using modern VR, 3D animation, NFT and cryptocurrency technologies.
Metavers: Where are we?
Over the past year, we’ve all seen the metaverse go from imaginative idea to technological reality. Although not a new term, it gained popularity and became mainstream after Facebook rebranded itself as Meta Platforms Inc. (also recognized as Meta). in October 2021 to go beyond social media and unlock the new world of the internet. Since then, Metaverse – the convergence of the physical world with virtual and augmented reality has accelerated to create disruptions in different economic sectors across the world.
There’s no denying that Metaverse has captured the public’s imagination. Although still in a nascent stage, Blockchain plays a crucial role in the development of a digital economy. The blockchain that enables the use of cryptocurrency and NFTs (Non-Fungible Tokens) proves useful in the ownership and recoverability of digitized currencies, the transfer of value, governance, accessibility and interoperability . Given its unlimited capabilities, the metaverse will provide many opportunities for businesses of all sizes, accelerating the growth of major economic sectors, including real estate.
Metaverse has gained sudden popularity in the real estate market as investors, crypto influencers, and homeowners around the world are willing to pay huge sums to experience the “next chapter in technology for the industry”. The size of the global metaverse real estate market is expected to multiply during this decade. Moreover, the inclination of investors towards NFT property is skyrocketing the emergence of new trends, thereby increasing the growth of the real estate market.
Walkthrough video inside Metamall: https://youtu.be/_0g6KByt0WQ
The emergence of metaverse platforms
The last months of 2021 for normal people have been perplexing to understand the concept of a metaverse in real estate. But at that time, very advanced Blockchain or crypto influencers were setting up their metaverse platform to own, build, develop and stake virtual real estate as NFTs. Metaverse Marketplaces combine the capabilities of Virtual Reality, Blockchain Technology, and NFT to create virtual space and sell it as NFT to buyers. For example, a virtual shopping mall built on Blockchain technology networks where users can buy commercial space as virtual real estate and earn money by renting, staking, advertising and developing it. to provide an immersive experience to visitors through VR technology.
Each metaverse market is recognized for its unique spaces. Real estate metaverse platforms can showcase commercial properties, stores, showrooms, business interaction spaces, gaming zones, art galleries, and more. as NFT. This gives a sense of ownership to the owners of virtual goods and allows them to create a passive source of income.
Metaverse Real Estate Marketing Specialists
Although metaverse is fairly new to the real estate market, emerging trends such as metaverse real estate agents will fill the void in the market. Metaverse real estate agents aren’t the easiest people to find. However, they can be found on professional networks. Potential investors can rely on these agents to find the right metaverse project/space. These real estate agents do not need to have experience in the physical real estate market, but they must have a significant interest and knowledge in the metaverse before assisting clients.
A metaverse real estate agent can help the investor, buyer or tenant with valuable virtual space. Just like in the world of physical real estate, investors buy property based on different factors, similarly, metaverse real estate agents help investors with an ideal property available in a prime location, business districts, roads, etc
The rise in the recruitment of qualified talent
The advent of a metaverse in real estate has opened up a multitude of employment opportunities. Metaverse platforms are running massive recruitment drives to hire Silicon Valley specialists, including big tech giants. Additionally, people with significant experience and interest in VR and AR technologies are also taking advantage of the new job opportunities created in the real estate metaverse.
Metaverse platforms offer top positions for tech talent. Many of them hold front row seats in the gaming metaverse, the real estate metaverse, and the tech giants’ own metaverse.
Metaverse pushes the boundaries of innovation. The use of virtual reality and augmented reality in metaverse platforms will result in an immersive experience that will accelerate the adoption process for new era real estate investors. Moreover, the prices of the real estate sector in the metaverse will skyrocket after its regulation in the country.
Powered by VR technology, Metamall is a shopping, lifestyle and VR experience zone that converts everyday tasks like shopping, socializing and business interactions into an immersive experience. Virtual land investors can use Mall tokens to purchase virtual properties and collaborate with VR developers to create unique real estate projects like stores, food courts, arcades, markets, and anything else they can imagine.
Owners of virtual spaces in Metamall can rent the property held in the metaverse universe of the startup and earn constant income. Additionally, MALL owners can also stake the token for assured APY return. Additionally, owners can develop their properties using VR technology to provide exclusive VR experiences and charge people to access them.
The $Mall token will be the native currency on Metamall and NFT market and all transactions on the same will be done through the $Mall tokens.
Here are the use cases for tokens:
- Build Assets: Users will be able to use their tokens to buy or lease land and other NFTs
- Engage: Users can pay entry or event fees, participate in games,
- Build brands: Users will be able to advertise their products or performance. 4. Create Wealth: Owners can earn money by selling land or NFTs, renting out their assets, charging fees for events they host, and more.
- Earn a fixed income: They can also stake their chips and earn a fixed income.
- Shop: Brands will trade on the platform and users will be able to make purchases with tokens
- Trade in Crypto and Fiat currencies: Tokens will be listed on exchanges for holders to trade in other currencies.
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