You might have heard the term “metaverse” passed around in certain areas, whether it’s Marvel or some other big universe. That’s because it’s the next big thing, a lead-in to a trillion-dollar industry. It’s huge on the virtual reality front; and augmented reality benefits greatly from it too. But is the idea of a metaverse startup really worth it?
In this article, we’ll take a closer look at the basis for a metaverse startup. What’s more, we’ll find out if it’s truly worth the hype, and what you can do to leave your mark on it.
Granted, it will take a lot of work. A metaverse, like Rome before it, simply wasn’t built in a day. However, with the right planning, push, and know-how, you could have a metaverse startup that’s worth talking about. Be prepared to put in a lot of effort though.
What’s the Buzz With the Metaverse Startup?
First, let’s talk about the metaverse in general. We’re talking about all sorts of quantum leaps in the world of virtual and augmented reality. Whether it’s putting on a concert in the world of Fortnite or setting up online games with your friends, there’s tons of potential.
Of course, as you might realize, that’s because of how big these worlds have become. Fortnite, for example, became established over a matter of years, with special guest stars and exclusive items for gamers to purchase. Likewise, virtual reality games in the Meta Quest space have begun to gain steam, mainly due to accessibility and activities. It’s just a matter of finding something you want to do within this universe and then doing it.
Granted, that doesn’t mean every single metaverse works. There are some virtual spaces that have little to nothing to offer aside from a meeting space. Others, however, have countless activities that can even rival Steven Spielberg’s big-screen treatment of Ready Player One.
So there’s room to grow something big here and find your fit within the metaverse startup world. But is it worth the hype?
Billions of Dollars To Be Made With a Metaverse Startup
From a business standpoint, if you have a metaverse startup that operates the proper way, there’s no limit to the money you can make.
For instance, let’s look at Fortnite again. Epic Games launched it as a small indie effort with a co-op mode and side multiplayer. But then, as time went on, more focus went into the multiplayer. Soon, it became a juggernaut, to the point that it’s pretty much the sole property that the company works on now.
Not to mention what Meta is doing within the virtual space. It’s offering all sorts of meeting areas for people that want to work with others. And considering that the world is still a bit afraid following the effects of COVID-19, a virtual space is practically the best way to do so. And considering how affordable it is to get a decent VR headset and gear, literally, anyone can jump in.
Yes, there’s easily some money that can be made. It’s just a matter of having the right metaverse as an approach. What’s more, it’s what you can do to expand it. Having a world is one thing, but keeping it spinning is absolutely another. So what’s the best way to hop aboard this hype train? Well, it really depends on a few basic principles.
Have a Good Idea and Run with It
The question is, “What do I want to do with a metaverse startup?” That’s the principle you want to build upon. While having a good multiplayer game is a nice start, sometimes you need to start simpler with a virtual space. From there, expand and see where it can take you. You might even be able to plan a virtual vacation, which would be a godsend for those that can’t afford a real one right now.
So look at what popular ideas are out there. Video games, virtual spaces, augmented reality taking off like a rocket…that sort of thing. Then see how you can adapt a brilliant idea into a metaverse and begin putting together a plan for crafting. Remember, you want to think “long game” here so people don’t lose interest and abandon it.
From there, it’s just a matter of getting the funding, finding the right time to work on your vision, and bringing it to fruition. It will take dedication and a whole lot of hours to get the job done, so don’t be impatient. However, with the right drive and initiative, you can make a metaverse startup that could be the next big thing in the industry. And considering it’s on a trillion-dollar march with no signs of slowing, there’s no better time to jump in and enjoy the virtual space. We’ll see you there!