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Beyond reality: Brands in the metaverse  

Management

To interact with consumers and develop immersive experiences, brands have started to investigate possibilities within the metaverse. As the metaverse develops, brands are more aware of their potential as a brand-new area for marketing, customer involvement, and business opportunity. Brands will probably discover even more creative methods to interact with consumers in this virtual environment. Businesses must comprehend the values and customs of the online communities with whom they interact and put user engagement and experience ahead of overt sales messages. In this dynamic new market, brands that can smoothly integrate into the metaverse and provide customers with value will probably be most successful. 

Also read: Why marketing could be your dream career 

What is Metaverse? 

The phrase “metaverse” describes a virtual reality setting where users can communicate with other users through avatars. It resembles an immersive, interconnected online world that blends aspects of augmented reality, virtual reality, and the internet. By participating in numerous activities like socializing, gaming, shopping, working, attending events, and much more, the metaverse aims to create a seamless and persistent digital world. 

By connecting brands with the metaverse, businesses have enhanced their potential to reach new audiences and engage with customers. It has achieved strategically to tap into a rapidly expanding and engaged digital audience. Instead of being perceived as invasive or only motivated by profit, brands want to enhance the metaverse experience. By creating sincere connections and interaction within the metaverse brand loyalty is built. 

Brands can develop virtual locations or experiences within their worlds on different metaverse platforms like Decentraland, VRChat, and Roblox. Brands may access existing user bases and increase their visibility to new customers by engaging with these platforms. 

Also read: A guide on how to get a job in the marketing sector 

Some of the brands that are actively using the metaverse 

Nike – The sportswear giant has launched a virtual store on the Roblox platform to sell limited-edition digital trainers. It is just one example of a firm actively embracing the metaverse. 

Gucci – The high-end fashion label Gucci collaborated with Roblox to develop the virtual experience “Gucci Garden,” which lets visitors tour a digital garden and see virtual displays of Gucci goods. 

Coca-Cola – Coca-Cola joined the metaverse through Decentraland by displaying a digital “Coca-Cola metaverse billboard” that allowed people to interact with it and play brand-related mini-games. 

The North Face – The North Face, a maker of outdoor goods, teamed up with VRChat to develop a virtual campaign experience that allows users to explore stunning landscapes and interact with North Face gear in a computer-generated environment. 

Fortnite – Created by Epic Games, Fortnite is a massively multiplayer online game that has organized several in-game events in association with different brands. 

IKEA – The furniture giant IKEA investigated the use of augmented reality (AR) and virtual reality (VR) to improve the shopping experience, with users able to place items virtually at their homes using AR technology. 

Adidas: In collaboration with Snapchat, Adidas developed an augmented reality (AR) experience that allowed customers to visually try on the company’s footwear using the Snapchat camera. 

Walmart – Walmart with Roblox has planned to launch online stores where shoppers may browse nearly similar copies of the products seen in Walmart’s actual locations. 

Microsoft – By enabling users to digitally connect through avatars and holograms to attend events, meetings, and conferences, Microsoft has made progress in the metaverse realm. 

Facebook – Facebook’s parent business rebranded its name to Meta and shifted its emphasis from social networking to building the metaverse. The Facebook metaverse refers to Facebook or Meta’s contribution to the metaverse. It’s a virtual reality-based social platform.

It’s crucial that the metaverse environment is constantly changing and more brands have accepted the idea. As technology develops and the metaverse gains popularity, one can anticipate an increase in brands experimenting with and utilizing virtual experiences to engage with their audiences. 

Check out: Why choose an MBA in marketing 

Gain extensive marketing knowledge and skills with Manipal University Jaipur’s online MBA in marketing 

Marketing has always been a dynamic and exciting field that plays a key role in the promotion of any product or service. It aims take a company’s brand to the customer base and help in building brand loyalty through vigorous campaigns and effective marketing strategies. With the evolving technology and cut-throat competition in almost every sector, the need for expert marketing professionals is higher than ever. An MBA in marketing is a great choice for those candidates interested to seek or advance their career in marketing. Manipal University Jaipur’s online MBA in marketing is one of the finest courses that has a comprehensive curriculum developed by experts keeping in mind the latest advancements in various industries. This program is of the same standard as an on-campus MBA and helps in grooming you as a successful marketing professional. 

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

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