The first-ever commercial platform to host your own metaverse
Real Estate Investor launches the first-ever commercial platform to host your own metaverse
South African media company Real Estate Investor have established themselves as industry leaders in hosting and creating custom virtual events, gatherings, and virtual networking in the metaverse. This follows their hosting of the industry-first Digitalisation ‘Proptech’ Summit in the metaverse in September 2021. Presently, REI curates monthly virtual events in the metaverse for their clients and will host their second Digitalization Summit this year in September 2022.
Hosted entirely in the metaverse, REI’s upcoming Digitalisation Summit will showcase leading ‘Proptech’ and the latest virtual reality (VR) technology used in the real estate industry. South African companies such as Greater
Tygerberg Partnership (GTP) have already created their own customised 3D conference space and hosted their latest AGM in the metaverse to promote investors to Discover Cape Town’s second-biggest metro district, Bellville, to attract investment in the area.
Warren Hewitt, CEO of GTP says we will be using the metaverse as a marketplace to promote our products and services for the city of Bellville in conjunction with the City of Cape Town.’ He says besides the vast options available on the platform there are multiple plug-in functionalities that can be added.
There are multiple opportunities for a company to monetize in this space.
According to REI’s Director Neale Petersen, Metaverse Spaces in conjunction with South African based tech developers Y-Dangle are trailblazers in leading the metaverse charge. “But more importantly, they have opened up the opportunity for any company
REI launches SA’s first-ever commercial platform to create your company’s own metaverse. REI with Metaverse Spaces can help you set up and host your own metaverse in a quick turnaround time,” says Peterson.
REI has had their own operational virtual office since December last year. This enables Real Estate Investors to showcase their products and host their partners and clients for meetings, events and networking gatherings in a private, secure interactive metaverse space.
In addition to Greater Tygerberg Partnership, other South African companies such as MRI Software and IWG are using the platform to great success, as well as US companies such as Intel, Slack, iHeart Media, P & G, Erup, Cannes Lions, Toyota and EY to name a few.
So how does using the metaverse differ from the usual video chat platforms such as Zoom and Skype? Basically, the metaverse is a digitally immersive environment that offers the opportunity to host hundreds (even thousands of people) in a single instance of a server to:
- Network, connect and extend human time interactions in a virtual world of three-dimensional (3D) avatars with or without VR headset,
- Work – create content, market, & exhibit products & services, or use as a training area or customer service centre,
- Virtual Marketplace for selling products. You can shop using your digital wallet. You become a digital economy where you can create, buy and sell goods, interoperably taking virtual items from one platform to another,
- 4. Land sales – Buy plots of virtual land in cyberspace,
- Transact with cryptocurrencies and products such as Non-Fungible Token’s (NFT) and tokenized assets on a commerce platform.
Key features and tools that can be added to enhance this immersive experience include creating your own NFT, creating your own digital wallet, building ‘digital twins’ and making land sale deals which form an integral part of the service offering to any company looking to move into the metaverse.
Eric Nienaber, co-founder and director of Y-Dangle (tech developers of the metaverse platform Spatialweb now Vatom Spaces) says, “There is a major paradigm shift happening across the internet. Web 3.0 is well underway and the opportunity to capitalise on this opportunity is now available for any company who wants to innovate in this space.”
He says there are multiple opportunities for a company to monetize in this space, whether as an event platform, communication platform or even selling NFTs, land or products in an online environment. “Companies thinking of taking the plunge metaverse must think of this opportunity to replace their websites for a better immersive website experience and communication platform.”
For more information on how to create and host your own commercial platform in the metaverse space, please contact info@reimag.co.za
This article originally appeared in Real Estate Magazine. Subscribe to rei.co.za
Related Articles
