Metaverse Platform Development Cost | Metaverse Solutions Cost

By Suffescom Solutions

February 22, 2023

Metaverse Platform Development Cost | Metaverse Solutions Cost

Today the metaverse is not only restricted to gaming only. Every business, whether it's real estate, banking, fashion, or even event management, looks to transform the business into the virtual world. If you are planning to reach a wider audience and offer state-of-the-art services with an advanced platform. You are on the right track to take your business to the next level. But the only thing that strikes every budding entrepreneur is How Much Does It Cost To Develop A Metaverse Platform? If it's your question, too, then you are at the right place. We are here to discuss the cost of your platform.

Metaverse Platform Cost Depends on Various Factors. These Involve.

  1. Industries
  2. Metaverse Services
  3. Features of The Platform
  4. Technologies Used
  5. Number of Expertise Involved
  6. Top Open-Source Tools And Frameworks
  7. Cost Breakdowns

You can also click here to schedule a call with our expert. Suffescom Solution Inc. is a leading metaverse development company with an exclusive solution for every industry. We have a 500+ handpicked skilled blockchain platform development team of project managers, designers, developers, analytics, and marketing to provide everything in one place. We have designed and developed web3 and metaverse-related projects in various blockchain technologies.

Industries Require Metaverse Solution

The cost of metaverse platform development depends on industries. Some industries require fewer funds, and others require more. Find out which is your industry and how much experts can charge.

NFT Marketplace Development

A platform designed to buy, sell, mint, or non-fungible exchange tokens with the power of blockchain technology. The average cost of developing an NFT marketplace comprises $50,000 to $500,000, depending on the features and complexity of the project.

Metaverse Ecommerce Platform Development

The platform can range between $25,000 to $400,000. But it can reshape your ecommerce business with the ability of 3D. Users can try clothes, shoes, accessories, and more, then make a decision. This is the reason the majority of businesses are shifting from existing platforms to metaverse ecommerce stores.

Metaverse Game Development

Gaming platforms require rich-look avatars, unique accessories, outfits, weapons, and more details. These require advanced tools and technologies that result in enhancing your users' experience. More, the type of gaming platforms like move to earn, play to earn, watch to earn, The Sandbox, Minecraft, Axie Infinity, Alien Worlds, etc., are other factors adding value to cost. Therefore, it may vary between $30,000 to $300,000.

Metaverse Social Media Platform Development

The future of social media will lie in the metaverse, where digital avatars will interact, play, walk, watch movies, and more. Apart from communication or entertainment, it will be a perfect platform for commerce. The cost ofMetaverse Social Media platform can range between $25,000 to $400,000.

Metaverse Real Estate Platform Development

Metaverse in real estate can enable quick viewing, buying, and selling of properties. It can help interact with clients and finalize properties virtually. The cost of building Metaverse Real Estate can vary between $35,000 to $300,000.

Metaverse Event Platform Development

Metaverse Event Platform involves virtual gatherings of people hosted over a metaverse platform. The important element of the platform involves the venue, feature addition, characters, and facilities for the visitors, placements of banners and videos for promotion, allocation of booths to sponsors & exhibitors, etc. Companies can charge between $35,000 to $350,000 for the metaverse event management platform development.

Metaverse Virtual Office Development

Virtual office in the metaverse is an exciting workplace with the ability of 3D virtual reality and augmented reality. The office involves meeting rooms, conference rooms, interview rooms, training rooms, and more. These platforms generally range between $25,000 to $350,000 based on multiple factors.

Metaverse Fashion Development

Metaverse can provide an incredible experience for luxury and fashion players. Therefore, many major brands are shifting to a powerful virtual reality and 3D power-based platform. The platform allows users to try before buying. You can build Metaverse Fashion Development between $30,000 to $250,000.

Exploring the Cost of Developing a Metaverse Platform: Key Factors to Consider

Diving into the metaverse: Navigating the key factors and costs of building your own platform.

Metaverse Healthcare Development

Metaverse Healthcare's platform is designed to provide top-notch services that allow healthcare professionals to deliver more collaborative treatment. The patient detail and the rest of the things can be stored in blockchain technology, making them easy to access anywhere and anytime. The average cost of building these platforms involves $30,000 to $300,000.

Metaverse Banking Platform Development

The platform is designed to serve a new breed of digitally-native gen-z consumers with existing services. The platform will provide all services of branches via virtual branches. The concept of metaverse banking is backed by Blockchain, AR, VR, Artificial Intelligence, and Machine learning, and the cost can vary between $50,000 to $500,000.

The above-mentioned figures involve the overall cost of platform development. These costs can be further bifurcated according to services, features, and technology selection. Let’s check out some of these.

Cost Based On Metaverse Services

Metaverse platforms involve various services such as application development, API integrations, marketing tools, data tools, and more to provide a better user experience. But these involve cost, too, especially when you are purchasing premium versions of tools for a better security approach. Here is the cost for these.

Metaverse Application $20,000 to $300,000
Metaverse API integration $25,000 to $150,000
NFT Marketplace Integration $50000 to $116040
Data Integration $12,000 to $40,000
Tools Integration $1000–$15,000
Defi Integration $15000 to $110000
dApp Integration $35,000 to $150,000
Decentralized Autonomous Organization (DAO) $10,000 to $30,000
Cryptocurrency Wallet$125,000 to $200,000

Must Have Features of the Metaverse Platform

Decentralized Identity Management System

Metaverse allows users to manage their identity by creating digital avatars on blockchain technology. The ability of blockchain can store information of the same such as name, age, address, and other details. It makes it easier for others to identify users without sharing personal details such as contact numbers, bank details, or more!

Digital Assets & Asset Exchange

The feature allows you to use digital assets when you create a metaverse platform. For instance, in gaming platforms, users can buy or exchange special skin and weapons in exchange for cryptocurrency. In other words, the platform allows you to trade assets effectively.

Wallet & Payment Gateway

Wallet helps users to store non-fungible assets securely with payment gateway facilities. The feature operated with smart contracts and ensured both parties fulfilled all the conditions or not. The process ensures speed and transparency through the process.

Tokenization Platform & Protocols

Tokenization features allow users to issue tokens with blockchain-backed security like Ethereum, NEO, or EOS. Users can exchange tokens for cryptocurrency when they are released into the market. The non-fungible marketplace is a prominent example of it.

AR & VR Technology

Mixed reality and AR/VR technologies serve immersive experiences in the metaverse. These technologies provide a more authentic view of bringing games to life, concerts and plays, and professional or educational and more platforms.

Metaverse Platform Creation: What to Consider for Development Cost

The cost of creation: Understanding the essentials of building your own metaverse platform

Incorporation of Avatars

Each person has their own digital identity, which can be animated to express oneself in the virtual world. With their virtual or animated entity, users can walk, move, play, exercise, attend meetings, seminars, and more.

The features do not end here, and there are a lot more based on business goals and user needs. And every added feature adds cost to the platform.

One of the breaks down of metaverse platform development is shown below;

Development Costs $15,000 to $20,000 Per Month
Infrastructure costs (server) $1,500 per month
Infrastructure maintenance$1,500 per month
Marketing and promotions$2,500 per month
Support staff salaries$10,000 per month

The cost can split based on development company location. Some of the examples are;

Geo Monthly Rate (all levels average)
United States $100,000 – $200,000
Central Europe (Estonia, Albania, etc.) $50,000 – $70,000
Germany$90,000 – $150,000
Brazil$40,000 – $75,000
India$40,000 – $75,000

The development cost of a metaverse platform is similar to other platforms, and you just need to clear your goals and company objectives before development. Once these things are in place, the development process can proceed with coding.

Tech Stacks Used To Build Virtual Office In The Metaverse

Technology Tools

Now, whether you plan to develop your own or take help from experts, there are some tools you must be aware of.

  • Webaverse
  • HyperCube
  • XREngine
  • JanusWeb
  • Unity
  • Unreal
  • WebXR Device API
  • Open Metaverse Interoperability Group
  • Blender

Back-end Programming Languages

  • Solidity
  • Golang
  • Rust
  • JavaScript
  • Java
  • Node.js

Front-end Development Stack

  • Angular.JS
  • BootStrap
  • React
  • jQuery

Cloud Services

  • Amazon Web Services (AWS)
  • Google Cloud’s Blockchain Kit
  • Microsoft Azure
  • Digital Ocean

Experts Who build your virtual office in Metaverse

  • Solutions Specialist
  • Technical Lead
  • UX Lead
  • Business Analyst
  • BlockChain Consultant
  • Blockchain Developers
  • Blockchain Technical Lead
  • Technical Architect
  • Product Manager
  • Blockchain Architect
  • Quality Assurance
  • Team Leads
  • Scrum Master
  • Quality Assurance
  • Delivery Manager

How to Launch Your Metaverse Project With Suffescom Solutions Inc.?

Suffescom Solution Inc is an emerging web3 and metaverse platform software development company. We help clients with blockchain consultancy to design, develop and deploy services. We have 13+ years of experience in the IT industry and 6+ years of experience in blockchain platform development services. From on-demand to blockchain technology-based

You can also check our client's testimonials, case studies, and online reviews to know more about us.

Metaverse Platform Development: Cost-Effective Solutions for Building Your Virtual World

From concept to creation, our metaverse platform development offers affordable virtual reality experiences.

Wrapping Up!!

Hoping the above guide will provide you with the clarity to understand the cost of metaverse platform development. The future-ready platform is added with cost benefits, security features, prevention against hacking, and more, and it lets you enjoy maximum ROI.

Our dedicated metaverse platform development team can let you enjoy best-in-class services at affordable prices. Contact us to learn more about our services and your business needs!!

Note: The above-mentioned metaverse platform development figures apply at the time of writing content. These can vary due to time, features, functionalities, tools, and other factors. Better to consult our experts when you plan for costs.

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