Virtual Reality Events: The Metaverse Secrets

Event Management Trends

May 26, 2022

Have you ever tried to live two different life experiences at the same time? Do you have one more virtual version of you in another place? Would you like to meet people that you can’t meet in reality? Or to use your avatar to make a business meeting! Yes, here we are talking about the Metaverse world.

The Metaverse is already developing and investment is exploding, with the estimate, it will reach a value of $800 million by 2024.

What is the Metaverse?

Metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces, you can think of it as a future iteration of the internet.

The Metaverse will allow users to work, meet, game, and socialize together in these 3D spaces, Facebook founder, Mark Zuckerberg describes it as “the place where the physical and digital worlds come together”.

Mark Zuckerberg’s Meta isn’t the only and first player in the Metaverse, and neither is it the first. The concept has already been implemented for around 20 years, with the Second Life online multimedia platform by Linden Lab being one of the first.

How Does the Metaverse Work?

It is enough to use your smartphone to enter this world. Download the Sensorium Galaxy app, which is the first step to the world of Metaverse, also you must use a VR headset, special glasses, and gloves to live the full experience of virtual reality life.

The Metaverse Is the Next Millionaire-Making Trend

This virtual world is an exact copy of our current world, with all its opportunities and businesses.

There are a lot of ways to make profits via this virtual world, this is because well-known brands and big investors are involved there, by sharing lands, clothes, arts, video games, parties, and business meetings as well!

Metaverse in Saudi Arabia: A Regional Push!

Companies in Saudi Arabia are also eyeing opportunities to enter the space!

NEOM, Saudi Arabia’s futuristic city, will have a digital twin in the “metaverse,” allowing people to live, work and play in the megacity before it is even built!

With NEOM, the virtual metaverse will be based on a vision that is toon to be a physical reality, incorporating “iconic architecture”. 

Saudi Arabia’s NEOM project, a futuristic city rising on the kingdom’s west coast, is ahead of the curve and planning to create a “digital twin” in the metaverse, even as the physical project remains under construction.

Residents will be able to transport themselves into the NEOM metaverse and experience daily life as they would in the soon-to-be physical city!

The Metaverse Events, Meetup, and Connect:

These events are virtual gatherings of people that will be hosted over a metaverse platform, any format event can be held and organized by metaverse, whether this event is a business gathering or a rock concert.

The venue of the event is a 3D virtual environment, with characters, feature addition, and facilities for the visitors as well.

What Does This Mean For Events?

The metaverse has the potential to elevate online events, expos, and meetings to another level of engagement, using augmented, virtual, and physical reality to create experiences that are as immersive in the online universe as they would be in the real world. This strips away the barriers of space, distance, time, and location to give event attendees the chance to step into a whole new world to experience anything from products and places to entertainment.

In the metaverse, brands could have a permanent virtual location and address or virtual showrooms and exhibition spaces where customers can visit to interact with products and make purchases. Imagine the possibilities to unify online and in-person experiences and unrestrictedly host grand-scale events, conferences, and trade fairs of almost any size that straddle multiple geographic allocations and accommodate thousands of people.

In education and corporate training, it will allow anyone wherever they are in the world to benefit from learning from the best teachers and instructors in simulated environments.

Smaller events have a place in the metaverse too. Colleagues can attend meetings and conferences together, regardless of where in the world they might be. Think of your avatar sitting at the boardroom table with a colleague thousands of miles away, interacting, talking, and engaging as if you were really right there.

Already, Microsoft is bringing the metaverse to Microsoft Teams to allow users in different physical locations to join collaborative and shared holographic experiences during online meetings.

Still, the metaverse has some very real challenges to overcome, with a big one being that the technology needed to interact in the digital world, namely augmented and virtual reality tech, is renowned for making people feel fatigued and nauseous.  The cost of these technologies is another inhibiting hurdle for the average person. 

However, tech companies are developing avatar-based platforms that don’t rely on special hardware. A good example is Metaverse, which offers prebuilt 3D environments that can include meeting rooms, conference booths, training simulations, and auditoriums, amongst other spaces.

The Advantages Of Metaverse Events:

  • Bigger Inclusion
  • Better engagement
  • No space limitations
  • Customizable environments
  • Rich data for analytics 

Contact Us!

Whether you believe it yet or not, the metaverse is coming and it will be the next big thing for events and conferences. With over 10 years of experience producing world-class, memorable events, Luxury has the skills and resources to produce immersive metaverse events. We can’t promise you the world, but we can take your events to the metaverse!

Now! Join our upcoming event and live the adventure, enjoy the metaverse event in KSA…  Don’t miss the enjoyment!

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