Remember when the metaverse was supposed to be
the next big thing?
Virtual avatars sipping virtual lattes in virtual coffee shops while discussing virtual business deals—it was a digital marketer’s dream.
Then reality, or perhaps actual reality, set in. The hype train slowed to a crawl, and for many, the metaverse now seems about as relevant as a fax machine.
But here’s the twist: the metaverse never really went away. In fact, while the spotlight shifted to AI, some brands have
been quietly and strategically making waves in virtual spaces. So, is the metaverse dead, or is it just finding its footing?
Let’s explore why the metaverse is still very much alive and how brands are
actually
using it to engage their audiences in innovative ways.
In this blog we will cover:
The Metaverse Hype is Cooling
Forward-Thinking Brands are Thriving
Unique Marketing Potential
Early Adoption = Competitive Edge
Challenges Exist, but They’re Solvable
Remember when the metaverse was supposed to be
the next big thing?
Virtual avatars sipping virtual lattes in virtual coffee shops while discussing virtual business deals—it was a digital marketer’s dream.
Then reality, or perhaps actual reality, set in. The hype train slowed to a crawl, and for many, the metaverse now seems about as relevant as a fax machine.
But here’s the twist: the metaverse never really went away. In fact, while the spotlight shifted to AI, some brands have
been quietly and strategically making waves in virtual spaces. So, is the metaverse dead, or is it just finding its footing?
Let’s explore why the metaverse is still very much alive and how brands are actually using it to engage their audiences in innovative ways.
In this blog we will cover:
The Metaverse Hype is Cooling
Forward-Thinking Brands are Thriving
Unique Marketing Potential
Early Adoption = Competitive Edge
Challenges Exist, but They’re Solvable
Despite billions poured into development, the uptake of platforms like Horizon Worlds has been… underwhelming.
Horizon Worlds struggled with technical glitches, lack of user engagement, and a virtual world that felt clunky rather than immersive.
And who can forget that time Mark Zuckerberg posted a screenshot of his avatar that looked like a relic from the Sims 2 era?
But the problem wasn’t the concept; it was the timing. The technology wasn’t ready, and neither were most consumers.
VR headsets remain costly and clunky. Immersive graphics require computing power that the average device can’t handle. And frankly, most people didn’t know why they should care.
Yet, under the radar, something interesting is happening.
Nike’s digital platform, .SWOOSH, allows users to collect, trade, and even co-create
virtual sneakers.
The platform taps into the same scarcity and hype that drives real-world sneaker culture, but in a purely digital space.
In 2023, Nike made $1.4 million in its first virtual sneaker drop, showing that digital products can drive real-world revenue. The beauty of .SWOOSH is in its community-led approach: users feel like collaborators, not just customers.
Gucci Town on Roblox
Luxury fashion brand Gucci set up shop on Roblox with Gucci Town, a virtual world where users can explore, play mini-games, and buy limited-edition virtual items.
Gucci Town attracted millions of visits and sparked a wave of user-generated content. Some digital Gucci bags even sold for more than their real-world counterparts.
Gucci isn’t just selling products; they’re cultivating a digital-first relationship with younger audiences who might become lifelong customers.
Wendy’s “Keeping Fortnite Fresh”
Wendy’s entered the metaverse with a uniquely Wendy’s approach.
In Fortnite, where players harvest beef for burgers, Wendy’s created an avatar that smashed burger freezers instead—because Wendy’s “doesn’t do frozen beef.”
The quirky campaign earned over 1.5 million minutes of Twitch views, blending humour and brand values seamlessly.
It wasn’t about selling burgers directly; it was about embedding the brand into gaming culture authentically.
So, why should digital marketers still care about the metaverse?
Here are a few compelling reasons:
Immersive Brand Experiences
Unlike traditional digital platforms, the metaverse allows for
fully immersive experiences.
Imagine launching a new car model with a virtual test drive through a hyper-realistic environment or hosting a product reveal in a virtual amphitheatre where attendees can interact directly with the brand and each other.
The metaverse makes these rich, multi-sensory engagements possible.
Community Building
Platforms like Decentraland, Sandbox, and Roblox thrive on community interactions.
Brands that create spaces for fans to engage, play, and connect are fostering more meaningful relationships.
Virtual events, exclusive hangouts, and user-generated content can turn casual customers into dedicated brand advocates.
Brands that experiment in the metaverse now are gaining invaluable experience. They’re learning what works, what doesn’t, and how to refine their virtual strategies.
When the technology matures—and it will —these brands will have a significant head start over those waiting on the sidelines.
AI is breathing new life into metaverse experiences. Generative AI can create dynamic, personalised virtual worlds on the fly, while AI avatars provide lifelike customer interactions.
AI-driven personalisation means users can experience the metaverse in ways tailored uniquely to them, making virtual spaces more engaging and relevant.
Hardware Limitations
VR headsets remain expensive, cumbersome, and far from mainstream adoption. Until devices become cheaper and more accessible, the metaverse will remain niche.
User Experience
Many metaverse platforms are still plagued by glitches, clunky interfaces, and steep learning curves. If the experience isn’t seamless, users won’t stick around.
Privacy and Safety
Harassment, data breaches, and lack of regulation in virtual spaces are ongoing concerns.
Brands need to consider how to protect users and ensure their metaverse spaces are safe and welcoming.
These challenges are significant, but they’re not insurmountable.
The key is recognising that the metaverse is still in its early days.
Not even close.
The metaverse is going through its awkward teenage phase—misunderstood, occasionally embarrassing, but full of potential.
Brands that see beyond the hype cycle and invest in meaningful virtual experiences now will be the ones shaping its future.
As technology improves, the metaverse will evolve. VR hardware will get lighter, faster, and cheaper.
Platforms will become more seamless and user-friendly.
And when that happens, the brands who’ve already planted their flags will reap the rewards.
In the words of Microsoft CEO Satya Nadella:
“The metaverse is here, and it’s not only transforming how we see the world but how we participate in it.”
For digital marketers, the question isn’t whether the metaverse will matter—it’s whether you’ll be ready when it does.
Remember, being early isn’t just an advantage—it’s a strategy.
The brands experimenting with virtual experiences today are building a foundation of knowledge, community, and digital assets that others will scramble to replicate later.
The metaverse might not be everywhere yet, but by the time it is, you’ll want to be standing on solid virtual ground, ready to welcome your audience into a world where your brand isn’t just a logo, but an experience.
The window of opportunity is open now, and those who step through it could find themselves leading the next major digital marketing revolution.
We have over a decade of experience in the marketing and digital marketing industry.
If you want a serious professional to join your team and grow your business systematically or if you have any individual tasks that you need completed then please get in touch with us.
Innovation
Fresh, creative solutions.
Integrity
Honesty and transparency.
Excellence
Elite marketing services.
Copyright Pecuna Factorem. United Kingdom. All Rights Reserved. 2024.