By Dr. Kyle Wong
Dear friends, I am Dr. Kyle Wong, President of Association of BC Development.
ABCD a non-profit organisation dedicated to the deployment of blockchain technology in various industries including legal, auditing, arts and finance.
We believe for the BC technology to flourish, enterprise adoption is essential. There must be more B2B applications.
In the last few years, we all saw to the rise of Metaverse. It started in gaming, but now increasingly adopted by enterprises. We believe Metaverse is the next iteration of internet, from 2D-3D, from observe to immersive, from Web 2.o to Web 3.0.
According to market research, Metaverse globally is worth $ 824.53 Billion USD in 2021. It is expected to reach 5 trillion in 2030, growing at a CAGR of 39.1%. As a result, it is critical for companies to develop their Metaverse strategies so they won’t be left behind by the emerging trend.
We believe Metaverse will have huge impact on e-commerce, education, communications, gaming and industrial design.
In Gaming, we see the success of Fornite, Mindcraft and Roblox.
In e-commerce, we see luxury brands like Gucci and LVI set up stores in the Metaverse to build up their brands among the younger generation.
In education, VR can make the learning experience much more engaging.
In communication, FB creating Horizon so that colleagues from all over the world can work together.
In industrial design, we see BMW working with Nvidia to build the digital twins of their factories to optimise workers’ efficiency and safety.
More and mow use cases will come up in the future.
Welcome to MAE2022, where you will learn about the business opportunities brought forth by Metaverse.