Branding

Marketing in the Metaverse

If you’re like most brands, you’re trying to figure out how to market in the metaverse. It’s a new frontier, and there are a lot of unanswered questions. But that doesn’t mean you can’t get started.

One thing to keep in mind is that marketing in the metaverse is different than traditional marketing. By using the metaverse, brands can create more engaging and immersive experiences for their users. Additionally, the metaverse provides access to a large and growing audience of potential customers. As more and more people spend time in the metaverse, it will become increasingly important for brands to have a presence in this digital universe.

What is the Metaverse?

For the uninitiated, the metaverse may sound like something straight out of a science fiction novel. But in reality, it’s not that far-fetched. The metaverse is a collection of many different user-created virtual worlds that are all interconnected. Users can move freely between these worlds, and they can also create their own worlds within the metaverse. It’s a place where people can interact with each other and with computer-generated characters and objects. The metaverse is constantly expanding as more and more people create their own worlds within it.

What can you do in the Metaverse?

Think of it as a cross between a video game and social media. Users can create their own avatars, or digital representations of themselves, and explore the metaverse. Whether you’re looking for social interactions or solo activities, there’s something for everyone in the metaverse. You can meet new people and make friends, go on adventures together, or compete against each other in games. You can also shop, listen to music, watch movies, and much more. The metaverse is constantly growing and changing, so there’s always something new to explore.

What are some examples of metaverses that exist?

When people think of metaverses, they usually tie it synonymously with blockchain platforms. These include popular platforms like Decentraland and Sandbox.

However, not all metaverses are on the blockchain. For example – Fortnite and Roblox are popular games that have virtual worlds where other users can interact with each other online.

How brands can use the metaverse:

New Marketing Platform: Instead of traditional email marketing, the metaverse will create new opportunities to test promotions and loyalty programs, just like Chipotle showed by launching their Boorito promo as digital-only this year.

Sell More Products: A new world means a new realm and type of products to offer that help promote your business.

Better Communication: Digital commerce will have an additional dimension and opportunity for buyers and sellers to connect in a new way.

Enhanced Experiences: Instead of just a zoom call or a Facebook event, imagine if you could make this an occasion where people could join in person or buy a ticket for the virtual experience. The Metaverse Will Enhance Physical-World Experiences overall.

Innovative Community Building: Since anyone, anywhere, can access the metaverse, and it is still a relatively new experience, there is a degree of shared community experience that can help evangelize your audience.

Video Credits: Montreal CityNews

The Famous Cosmos’ Diner: Metaverse Cafe

A food & beverage small business utilizing the metaverse.
A local, unique Canadian Diner invested $15,000 to develop an experience in Decentraland.
Due to its cult-following, the experience allowed fans of the restaurant to engage with it in a new way.
People can explore the recreated restaurant, learn recipes, and interact with other users in the virtual space.

Fidelity: The Stack

Invested in a plot in Decentraland.
2×2 space with an interactive building that allows players to learn about investing in ETFs and index funds.
Players go through the building collecting orbs and reading signs.
Once all the orbs are collected they can be converted into an NFT.

Dolce & Gabbana: Fashion Week.

Dolce & Gabbana unveiled 20 full looks of Metaverse wearables that they specifically designed for the Metaverse Fashion Week. Playing on the term catwalk, they used cat-faced avatar models to showcase the collection.
After the show, the full collection became viewable in an exclusive Dolce & Gabbana pop-up in Decentraland’s Luxury Fashion District, curated by luxury-focused marketplace UNXD.
UNXD, as well as Vogue Arabia, were core partners of Decentraland in curating the traditional fashion brands at MVFW.
Recently, Dolce & Gabbana sold a series of nonfungible tokens (NFTs) for about $6 million as part of another collection co-created with UNXD.
D&G‘s next step into the Metaverse is the launch of the DGFamily NFT Community, which intends to give members exclusive access to physical and digital drops and wearables.
- DGFamily holders will receive airdrops from this MVFW collection.

As the metaverse continues to evolve, it will likely become an increasingly important part of our lives, offering new and unique opportunities for connection and collaboration.

There are already many metaverse platforms available, and the number is only expected to grow in the future. As a result, marketing your brand in the metaverse is likely to become increasingly important for businesses of all types.