The metaverse is a term that encapsulates the virtual world or as we call it a Virtual Extended Reality (VER) world, where your real-world starts to extend and integrate with the virtual-world.

It is a virtual space where millions of people will have a deeper digital experience and engage fully with their human senses. We as human being started with the internet (Web 1.0), evolved into social media, mobile and e-commerce (Web 2.0) and now evolving into a new 3D metaverse with endless opportunities and digital live experiences (Web 3.0). Do you want to simply see it and read about it or experience it? And when this is integrated with Regenerative Artificial Intelligence (AI), the user is getting a dynamic personalized result with every visit, if the Virtual World is connected with Big Data and Machine Learning (ML). AI is simply an enabler and a tool that supports VER. AI is the back-end, whilst VER is what you experience.

This goes beyond scrolling up and down online news feeds or browsing products in social media platforms and on websites or portals. The virtual world is where your consumers, customers and employees can also wish to have digital clones by creating an avatar, that can communicate, interact, engage and experience connections with other AI enabled avatars and their respective brands, products and services.

Businesses are starting to build their spaces in existing public metaverse platforms (Decentraland, The Sandbox, Somnium Space, Roblox & Spatial) and creating their own new private meta platforms.

One day we envision every major corporate, government, family office and conglomerate being on the metaverse, the same way we carry a mobile phone and have social media access or a company website today. This is simply a digital evolution.

When you enter the virtual world, you will be able to access spaces that businesses have created, to showcase their brands, products and services. Right now in this early adoption phase, businesses are buying virtual land and experimenting with what to build upon it. Every company will need to build their virtual digital assets first, step by step, and need a VER+AI business strategy.

Over the next decade we will witness the biggest transformation in business history with new revenue streams being created.

Eventually VER and the deep tech economy will evolve into “The Future of Everything”, where we will be connected in the real-world and virtual-world all at the same time. We could be in our real-world home with family members in our lounge, whilst our friends are joining us in the same room virtually, with their avatar clones or real-life holographic beings.

One family member could be in the real-world in a physical car showroom, whilst their partner is in the same space integrated within their VER space also viewing the same car at the same time, whilst both interacting with the same sales executive from two different worlds in space and time. This goes beyond video calling and messaging or live voice chats, and is totally multi-dimensional and will expand into multi-verses.

At Verchool we have decided to focus on providing practical solutions for our B2B clients.

There is plenty of hype around the metaverse (and AI) and many businesses will unfortunately waste money, time and valuable resources over the next 5 years. It is imperative you build a sound business-case before thinking of any use cases that will give you an ROI.

Does your company have a website and any e-commerce strategy already?

Do you use mobile devices for m-commerce?

How do your customers and consumers currently engage with you in the real-world and online?

Do you use any form of video or bots for engagement purposes?

Do you have an e-learning platform for your employees?

Where do your employees hang-out to effectively communicate with each other?

How do your customers buy from you right now?

Are you part of a private B2B community and peer group to exchange ideas and generate new leads?

These are only starting points to understand what is working already and how your business is operating in the real-world and the current Web 2.0 environments, which will guide us to build your Web 2.5/3.0 business strategy.

If you were to take only one-core area of your business, where customers would like an enhanced digital experience to make a decision to buy your product or service faster and without any inconvenience, where would that be?

If for example a customer has to meet you in your office or online with a series of meetings and then read through documents, e-brochures and watch videos, in order to make a buying decision – how could Web 3.0 and AI-VER be used to do things faster, better, more accurately and create a higher-level of convenience with superior engagement?

At Verchool we have an entire business-case discovery process to help you conceptualize the best area to focus on, that will generate immediate revenue and provide a ROI, if you decide to expand your brand, products and services by leveraging AI-VER.

This is not about buying some virtual land and creating nice looking avatars. This is not about playing some games with your headset on with some random strangers.

This is about B2B relationships and engaging with others faster, whilst getting the information you need in seconds to make a decision. All this can leads to more communication, collaboration and commerce.

We are not a design agency, a social media marketing company, an app development company or a traditional IT consulting firm, however we have strategic partners in all these areas. That’s what makes us unique. We are deep-tech builders.

We are a group of seasoned entrepreneurs first and foremost who’ve built multiple high-revenue and fast-growth businesses. We understand the pains that Founders & Owners go through and we understand what EBIT and ROI really means and how to achieve it.

Our founders, executive team, advisory board and investors have created over $30 billion in revenues and equity value from our accumulative collective experiences in life and in business. Our network has businesses, staff and partnerships in 25 countries, that our clients will be able to leverage when they partner with us.

We have already started building large-scale Deep Tech pilots for Large Governments and Family Business Conglomerates in the Middle East Region. And this is all backed with extensive R&D completed with live sessions hosted with 750+ Global CIOs & CTOs. Our first product on our Verchool Platform is the Family Office Zone, which connects 200+ UHNW Family Offices in one private virtual world, backed with AI tools, to speed up matchmaking, commerce and deal-flow. This the first of 1,000 vertical and niche Zones we are building on our B2B platform.

Connect with us today for complimentary 40 Minute demo and business use case discovery session, whilst we also educate you, share case studies, and seek to understand your vision.