The metaverse has come a long way in just a matter of a couple of years. It is predicted to reach a skyscraping revenue of $800 billion in 2024 from all industries. In this race, the event management company also came up with unique ideas to showcase their products in Metaverse, where digital avatars interact with each other on various platforms. A billion-dollar industry has tremendous scope in the metaverse.
Are you an event planner looking for a pathway to shift your business straight into the realms of the metaverse? Well, Suffescom Solution is a perfect fit for you, with 6+ years of experience in blockchain and metaverse-related technologies. We are ready to cater to the needs of hybrid events with 3D immersive platforms, customized avatars, NFT-powered registration, event attendance tracking app development, live streaming, networking, and audience engagement solutions.
Let us dive deep into this blog to discover the scope of the event industry in the metaverse.
With the change in trends after the pandemic era, events are now getting conducted in a rather hybrid mode. The online mode of video calls is now upgrading, with meetings and events being conducted in the realms of the metaverse. Many tech titans have already switched to virtual events where employees interact with each other through the virtual world. The technologies that fall under the umbrella of web3 are futuristic; consider the VR headset, with which users can teleport in a fantasy world.
They can feel like they are part of that ongoing process, physically. This is the real strength of the metaverse, where the potential line between the physical and digital worlds starts blurring.
But remember, this is more of a blessing than a curse.
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The benefits are far more useful for event management and planning businesses, as no calamity can stop the metaverse events. People can be a part of these events from the very comfort of their living rooms.
The metaverse offers an overall unique experience to the users. This technology is still in its birth phases, and soon after the tech giant “Facebook” changed its name to Meta, the metaverse started getting the limelight. The Metaverse gives a unique experience to the event attendees who get to be a part of the event in a virtual state and can almost work in real-time through their avatars. Interactions, including facial events, can also be expressed on avatars that will increase the networking of businesses and contribute to trustworthy community building.
The metaverse is not just about creating 3D avatars that can interact with each other but also serve options to view advanced metrics. Users can easily view project or meeting insights while participating in the meeting. This will include photos, stats, and video presentations that can be streamed in the meeting.
The meetups organized in the metaverse will be cost-effective as many aspects of extra expenditure will be saved, like transportation. Along with that, the metaverse event can be attended by anyone worldwide.
A metaverse is a place where people can have long-lasting and trustworthy relationships. While meeting a person with their avatars through a VR headset can mean something similar to meeting a person in real life. This way, events can build long-lasting client connections and market their meeting agenda precisely.
Attending can actually leverage a gamified experience in the metaverse event, where interactions can also be gamified to keep the audiences engaged and prevent confusion. Gamification also adds fun to metaverse events and keeps the attendees lively. During breaks, the attendees can engage in some sort of gamification. This will make sure a large number of attendees still remain part of the virtual events. The attendees will also leverage certain digital reactions like handshake options and hand-waving customizations for their virtual avatars.
Making the metaverse event management platform is undoubtedly a lot of work. It can cost a lump sum of money and still require continuous moderation, even during the event. The only justification for enormous investments is the ROI. The metaverse events can generate revenue through a variety of sources
Event Planners in the metaverse can provide premium passes to avoid long queues at an event. These premium passes can also enable them to enter restricted areas that a classic user cannot enter. Event planners can allow their customers a majority of a special set of services through these premium passes.
Sponsorship can help the planners in organizing the entire event.Through sponsor stalls and exhibits, the metaverse event planners can create a user-engaging event and manage the event's entire expenditure.
Advertisements are one of the most useful tools for increasing the ROI of event planners entering the metaverse to host events. They can charge a good fee by providing a passage for various brands to market their products on virtual stalls and billboards.
Event planners can also create some event-related unique NFTs that can be dropped into the events, which the attendees can choose from before purchasing. The organizers can work on certain commissions that they will benefit from every single NFT purchase.
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Event Breakout rooms help transform a massive event into smaller rooms where attendees can select seperate topics of discussion and create particular session tracks.
Event networking will help create long-lasting impressions and build strong relationships with clients. Networking is the tactic that broadens the customer flow for businesses. In the metaverse, networking happens like never before, as users can typically greet each other and the organizer in an immersive space.
This feature will never make a meeting boring as the attendees can greet each other and also share interesting activities while the event takes place. For example, a metaverse concert is going on, and the users can hunt hidden special points in the meeting to keep the engagement process on point. By the end of the meeting, the attendee with a maximum number of points can win rewards.
We offer a faster event registration process than our competitors, with multiple registration options for In-person, hybrid, and virtual events. Through registration, one can easily create a mobile-friendly event registration page as well and offer an easy-to-use registration.
Our services and support allow you and your team to be as hands-on or hands-off as you'd like. We at Suffescom will make your event-hosting dream a reality by offering a hassle-free customer support facility. Our team of metaverse experts and dedicated project management are available 24*7 at the service of our precious clients.
Boost up your expected ROI by letting us create a feature of creating a space for sponsors and exhibitor booths. On these booths, information can be exchanged along with a room for sponsors to enter the events. This can be achieved by creating advertisements or workshops to market their services.
Looking for a game-changer in virtual events? Our Metaverse Event Management Services have got you covered!
Metaverse events cannot perform well without the registration of attendees or knowing who is stepping in on your event.Therefore, to help businesses, virtual event registration software assists. Organizers can know details of who is visiting your platform, their gender, age, ticket numbers, event analysis and reports, and more.
Attendance Tracking App plays an important role in event success, especially when you are planning a virtual event.Organizers can easily track and monitor the attendance of attendees to make various plans. Attendance Tracking can also help in route optimization and ensure the accuracy of visitors with the ability of Blockchian security.
Read More:Launch Your Own Metaverse Space
The most important plus point about metaverse events is the possibility of creating new ideas. The fact that an office building can only hold a specific number of office desks, while the metaverse can bring thousands of people together from the comfort of their homes, is commendable.
The immersive and inclusive nature of the metaverse is such that it allows planners to make sure the avatars resemble the closest to the user. The avatar skin and customization options are multiple.The metaverse is the horizon where the digital clouds meet the physical waters. It is a fading line between real and digital life.
Just as the physical events have stalls and sponsor booths, the virtual events also have one. Metaverse offers remoteness to office employees who cannot attend in-person meetings. You can easily attend a meeting with a VR headset through the metaverse. The metaverse is the upgrade from the tired zoom meetings that could not create an immersive experience whatsoever.
To be precise, every event planner should leverage metaverse to boost their business and flood their income.
Suffescom Solutions Inc. is one of the leading Metaverse Development Company worldwide, with famous clients like Universal Media, a part of its client family. With an experience of more than six years in the metaverse, we are waiting to turn your event-planning business ideals into a full-fledged reality. Our metaverse experts assure you of the assignment of the best teams with metaverse consultants and project leads.
We have 24*7 customer support, with regular project updates and client feedback. Contact us to know more!
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