The benefits the metaverse for brands

Discover the opportunities that the metaverse offers to brands.

The metaverse: definition

A concept that has been developing and expanding in recent years, the metaverse brings together shared virtual universes in which players can find each other through avatars. These virtual spaces allow users to exchange, share, work or play together. Many things can therefore be done. The metaverse is similar to existing video games, such as FortniteMinecraft or even Second Life. Indeed, these virtual and shared worlds are permanent and remain in existence even when users leave the platform.

The metaverse is therefore a very popular technology that is successful with the younger generations. These new trends and technologies must be taken into account by brands in order to adapt and communicate in the best way. 

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The Sandbox

The benefits of the metaverse

The benefits of the metaverse for consumers are multiple. Indeed, this technology offering a unique digital experience for Internet users through a total immersion. Users have the possibility to see products in these connected virtual worlds: a good way to visualise a product before potentially making a purchase. The boundary between the physical and virtual worlds is thus becoming even more blurred to the benefit of brands and their development.

The metaverse also offers many advantages for brands, including The Sandbox. It is a metaverse represented in 3D pixels within which Internet users can walk around, rent, and even buy elements via crypto-currency. Indeed, content can be monetised on the platform through NFTsThese are the so-called non-fungible tokens. Virtual gateways can be purchased in the form of NFTs (certified purchase through registration in the blockchain) in order to to build houses, shops, etc. Everything is possible! Owners can use their land as they wish to "broadcast games, create multiplayer experiencesThe Sandbox is the first of its kind in the world to offer a wide range of services, from housing to communities. The Sandbox currently has over 200 brands from various sectors such as Adidas, Ubisoft, Warner Music, Gucci...

The brands present on The SandBox

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Warner Music: a virtual world dedicated to music

The advantages of the metaverse for the music group Warner are multiple. Indeed, the brand has announced its partnership with The Sandbox on 27 January 2022. "Warner Music Group LAND" will feature concerts and other music attractions where users can interact with each other and participate in the activities offered. In addition to the game, fans will also be able to purchase neighbouring land from Warner Music to create their own virtual experiences. The group's goal is to offer an innovative and engaging experience, with live concerts, VIP events, etc., while investing in virtual real estate.

Adidas

Adidas has signed up to the metaverse in 2021 on the platform. The brand has invested in 144 virtual plots in partnership with crypto-currency company Coinbase and Sandbox. The German sporting goods group offers NFTs of exclusive digital products, such as sweatshirts, also linked to physical products. Adidas customers can purchase digital products in order to access experiences within the platform, but also have access to a physical offering of the diverse multiple benefits that the metaverse offers.

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adidas-metaverse

Adidas

Adidas has signed up to the metaverse in 2021 on the platform. The brand has invested in 144 virtual plots in partnership with crypto-currency company Coinbase and Sandbox. The German sporting goods group offers NFTs of exclusive digital products, such as sweatshirts, also linked to physical products. Adidas customers can purchase digital products in order to access experiences within the platform, but also have access to a physical offering of the diverse multiple benefits that the metaverse offers.

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Gucci

The Italian luxury brand is offering a unique concept store where unique and historic pieces can be purchased. Named "Gucci Vault", the luxury brand wanted to give its concept store the shape of a box. Comparable to a time capsule, it features vintage items from the 60s and 80s. In addition, the brand is launching a series of special NFTs in collaboration with Superplastic. The brand's key characters will be dressed in iconic motifs from Gucci. As an added bonus, each NFT has its own handmade sculpture that will be sent to the owners, an additional advantage made possible by the metaverse. 

AXA

As we said, all sectors of activity can be established in the metaverse. French insurance Axa has purchased its first ever virtual gateway on The Sandbox. The insurance company wants to create new spaces for its talents and customers to share in this virtual parallel world. In this way, Axa wants to highlight its innovative spirit, particularly by taking part in major technological advances. New services specially adapted to the virtual world could then be offered via a virtual agency. 

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axa-metaverse-the-sandbox

AXA

As we said, all sectors of activity can be established in the metaverse. French insurance Axa has purchased its first ever virtual gateway on The Sandbox. The insurance company wants to create new spaces for its talents and customers to share in this virtual parallel world. In this way, Axa wants to highlight its innovative spirit, particularly by taking part in major technological advances. New services specially adapted to the virtual world could then be offered via a virtual agency. 

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Horizon

Public figures

World-famous personalities are also present in the metaverse. This is the case of singer Snoop Dogg, who has recreated his own mansion in The Sandbox. The singer recently launched his own collection on The Sandbox of his 10,000 Doggies, avatars representing the singer. They allow owners to go to concerts, explore the metaverse, complete quests or just hang out with friends.

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