The digital world will change our lives, and immersive shopping methods in the future Metaverse are worth looking forward to
Imagine completely digitizing the world we live in. For many, the digitized world is the Metaverse, an immersive virtual space.
It’s where we can meet friends, shop, work in a virtual office, and even buy virtual real estate.
The Metaverse offers an estimated $800 billion market opportunity and is widely watched by online game creators, social networks and various pioneers looking for the next game-changing technology platform.
While social media companies see the Metaverse as a way to make money, building the Metaverse isn’t cheap.
Meta has lost over $10 billion to build out its Metaverse vision in 2021 alone. Losses like these are proof that companies like Meta are investing astronomical amounts of money to explore their next phase of growth.
In the Metaverse, people can use the Crypto wallet to make purchases . Crypto wallets are designed to keep users’ Crypto safe and easily accessible by storing their private keys.
Users will be able to receive messages, spend and send Crypto like BTC and ETH to others. There are various forms of Crypto wallets on the market, such as USB mobile hardware wallets or mobile applications similar to online shopping.
To help the public scrutinize this emerging world, Wicked Reports has compiled a list of news reports and expert predictions that explore how people shop for different types of physical or virtual goods in the Metaverse .
Some of these projects are already experimenting, while others are still in the early stages of development.
Let’s take a look at how the upcoming Metaverse will affect users’ shopping habits.
Shopping in department stores and eating out have become an integral part of everyday life. And in the Metaverse, all of this is possible.
Recently, a video circulated on Twitter of Walmart’s vision of how to shop in a virtual world .
Although the video was created in 2017, the current Metaverse appears to be very similar.
So moving our shopping into the Metaverse is nothing new, at least in the minds of department store chain executives.
Department store shopping in the Metaverse may also help address staff shortages, product supply and demand , and optimize the user’s buying experience.
In March 2021, the first food order in the Metaverse was completed on Decentraland, one of the most popular virtual platforms for purchasing land and digital assets.
Fashion in the Metaverse seems to be a little different from picking everyday clothes from our closet, where users will try on digital clothes through AR.
Users can also dress up their avatars and make them into NFTs to trade and collect .
As NFTs become more and more popular, major fashion brands have also begun to join the field.
Nike’s RTFKT studio has designed sneakers in the realm of virtual fashion, making them collectible in the Metaverse.
As we get closer to the Metaverse, the world of virtuality and clothing continues to remain relevant.
In June 2021, Decentraland will allow users to create and sell clothing for their avatars so users can wear them on the platform.
Some users made a fortune almost immediately: user Hiroto Kai sold $20,000 worth of digital kimonos in three weeks.
This shows that virtual properties can also generate sales, and the Metaverse will be a conduit for the apparel industry to help brands and individual designers add new forms of revenue .
In addition to this, brands such as Gucci, Balenciaga and Fendi have created digital collections for game avatars, suggesting that in the future we will see the presence of various luxury brands in the Metaverse.
digital real estate
Real estate in the Metaverse will allow us to invest in real estate in the digital realm, which is currently gaining a lot of attention.
Can you believe someone paid $450,000 to live next to rapper Snoop Dogg’s house in the Metaverse?
Those who got into digital real estate early have reaped huge rewards.
In 2021, the average price of a piece of land on the Decentraland platform is under $1,000, and as of now, it has averaged $13,000.
As virtual real estate is seen as certain to appreciate in the future, more and more people are buying digital homes, lots and land .
With the growing popularity of NFTs, the path to the Metaverse for the art sector seems to have been paved.
Digital artworks can be seen as Crypto that exists on the blockchain , and they cannot be copied.
These emerging digital tokens have helped budding artists to make huge profits from their work. For example, Jazmine Boykins, an art student in the United States, created and traded under the virtual name BLACKSNEAKERS, and successfully obtained it within six months. more than $60,000 in return.
The virtual art market as a whole is booming. Online data tracking site Nonfungible.com estimates that the NFT market will reach $15 billion in revenue in 2021 .
In the Metaverse, NFTs will be available for art galleries, virtual marketplaces, and auctions.
Virtual goods have begun to transition into the Metaverse.
Meta is currently testing ways for creators to make money on its Metaverse social platform Horizon Worlds , hoping they can monetize virtual items and special effects.
With 22 million daily active users and more than 220 million monthly active users, Roblox currently allows creators to sell their own virtual items.
In another corner of the Metaverse, virtual beer has also become a hot topic.
Lindsey McInerney, head of global innovation at Anheuser-Busch InBev, believes that beer lovers also have a place in the Metaverse, and they will bring new business revenue opportunities .
Lindsey knows this because Anheuser-Busch InBev owns the big-selling breweries Budweiser and Corona, as well as a slew of craft and small beer brands. Although the effect of Heineken’s introduction of virtual beer in the Metaverse is not so good.
The Metaverse is a world full of imagination, and the supermarket in the Metaverse era may break common sense and bring us an immersive new experience.
In the imaginative Metaverse, what kind of wonderful supermarket will there be ?
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