Metaverse: Move Digital Says, “We’re Here to Stay”
28 December 2021 - 05:35PM
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The metaverse is the next stage in the evolution of the internet
and social networks, utilizing real-time 3D technology, which
combines the physical and digital realms. It offers a chance for
top online entertainment and social media businesses to profit from
new revenue streams. It is the next major technology platform,
drawing online game producers, social networks, and other tech
leaders to participate in what we anticipate to be a nearly $800
billion market. Early adopters and builders are rapidly emerging as
leaders in the fast-growing world of virtual reality. According to
a recent research analysis by Cointelegraph, the global trends have
been in favor of the NFTs and larger metaverse surpassing the term
“crypto”. With celebrities and consumer brands diving deeper into
the realms of metaverse and NFT, the huge demand is evident in the
growing digital landscape. While virtually exhibiting their talent
and providing an immersive experience to their audience, the
metaverse narrative has drawn traditional know-how in the digital
sphere. Blockchain Solutions with Innovation The Metaverse has
attracted a lot of attention in 2021, as big corporations like
Facebook (now Meta) and Nike make plans to establish infrastructure
in the sector. However, Move Digital claims to have been working
with blockchain initiatives to integrate immersive digital
realities long before these big corporations got on the bandwagon.
Kristof Schöffling, Founder and CEO of Move Digital, stated:
“The Metaverse is a cutting-edge technology that will change the
way we interact with the digital world. Our team has dedicated
years of experience to master this technology and we’re excited to
see it grow. We’re committed to helping businesses harness the
power of the Metaverse and we look forward to seeing the growth in
our client base.” The company says it has been involved with
initiatives all around the world using the Metaverse platform. In
2022, Move Digital claims to have contracts in place with
blockchain-oriented firms in Japan, South-East Asia, South America,
Australia, and Europe to develop and deploy Metaverse worlds. In
addition, its trademark creation method allows businesses to create
immersive Metaverse environments that mimic the real-world economy.
The company provides innovative digital payments, digital identity,
data security and supply chain solutions leveraging blockchain
technology to its best potential. Move Digital encompasses holistic
solutions including refinement, implementation and management of
blockchain solutions to ease the hassle for corporations. According
to a report by Bloomberg, the worldwide Metaverse revenue potential
may be as high as $800 billion in 2024, compared with about $500
billion in 2020. By 2024, the report states that the gaming market
may reach more than $400 billion, with live entertainment and
social media making up the remaining portion. As an advisory firm,
Move Digital has positioned itself to help businesses get on board
with the technology. Kristof Schöffling is the CEO of Move Digital.
Mr. Schoffling is a serial entrepreneur with extensive experience
launching, growing, and selling prominent, high-tech businesses in
several areas of the digital world, including online retail stores,
online gaming, and data acquisition. He’s been frequently
interviewed by well-known news organizations such as Bloomberg,
Forbes, and Yahoo on the latest trends in digital technology. With
the emergence of the metaverse space, the subsidiary of
PricewaterhouseCoopers, PwC Hong Kong recently acquired land in the
leading virtual world, SandBox.
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