KPMG Believes Metaverse Adoption Depends on Institutions

Recently, the Australian division of consulting firm KPMG said that the adoption of the metaverse does not depend on ordinary retail consumers, but on institutional investors. At the same time, the metaverses have the power to change the habitual life of people, which we have recently seen in the example of Renault. The latter created the world's first industrial metaverse, which should facilitate their production processes in the real world. If you missed the material about this, then we suggest that you familiarize yourself with it by clicking on this link .

James Mabbot, one of the partners of KPMG Futures, said that, in his opinion, interest in the metaverse is gradually growing both among ordinary people and fans of the crypto industry, and among institutional investors. The consulting firm periodically holds meetings and concludes deals to place representative offices of various companies in the metaverses. Web 3.0 technology can create new ways to do business, and those ways can be more powerful than what users have experienced before.

He commented on the possible development of the metaverses as follows:

I think in the near future there will be really interesting applications of the metaverse for business. I believe that it is institutional money that will contribute to the development of metaverses and attract users. We are looking for opportunities to create new business models and new assets based on the metaverses. They will fundamentally change the way services are delivered.

Because of KPMG Futures' belief in the power of the Metaverse, a position has been created within the company to lead Metaverse Futures. With the new opportunities, the Australian division hopes to provide new growth opportunities for large companies.

James Mabbot also noted that the number of metaverses is still not as large as it could be, but we can already observe interesting experiments. In his opinion, there are all prerequisites for the prospects for the development of metauniverses to be extremely positive. Mabbot also anticipates a big increase in the popularity of the metaverses.

The management of one of the most popular metaverses The Sandbox shared their opinion on the development of virtual worlds. In their opinion, in the first place for the growth prospects, it should be the user experience, and then the opportunities for investment, monetization and other things.