The metaverse is a concept of a persistent three-dimensional universe that combines various virtual spaces and enables users’ interaction through avatars and different devices. While the metaverse continues to evolve, it possesses significant potential to revolutionize a wide range of industries. Particularly for marketers, it provides a distinct avenue for engaging customers in innovative ways. Empowered by technologies such as virtual reality (VR), augmented reality (AR), and artificial intelligence (AI), brands can deliver an immersive, dynamic, and engaging experience to customers. The purpose of this study is to analyze the efficient application of metaverse marketing for businesses, explore its potential limitations, and examine risks associated with conducting marketing in the metaverse. Additionally, this research aims to identify and propose strategies to mitigate these risks. In this thesis, I explore the concept of the metaverse, along with its key characteristics and unique features that distinguish it as a powerful tool for brand communication, setting it apart from traditional marketing channels. The paper conducts a literature review on metaverse marketing strategies, emphasizing their potential advantages. Special attention is given to the technologies that enable the metaverse. Additionally, I investigate the potential future developments of metaverse marketing and how it will determine the methods businesses connect with, engage, and retain customers. By analyzing industry trends and the performance of its leading players, I identify the current state of the metaverse. Furthermore, the paper presents several cases of different brands utilizing the metaverse to create a highly personalized and immersive customer experience. Despite the evident advantages of utilizing the metaverse as a marketing platform, there exist significant limitations that hinder its efficient implementation. These challenges include platform fragmentation, whereby the metaverse remains disjoined and composed of multiple disconnected platforms. Privacy concerns arise from the extensive collection of user data within the metaverse, necessitating robust regulations in response to recent ethical scandals associated with the metaverse. Furthermore, the metaverse has been linked to some unintended consequences for users and society, such as addiction to simulated reality, and mental health issues, which could adversely affect the overall perceptions of the metaverse and impede marketing activities. Therefore, I conducted a survey to gain a deeper understanding of contemporary attitudes toward the metaverse and identify the salient issues for individuals. My findings offer valuable insights for marketers regarding the current state and future prospects of metaverse marketing. They emphasize the crucial aspects of marketing strategies for companies seeking to benefit from this potent but still controversial instrument. By conducting a thorough analysis of the factors driving consumer engagement and leveraging the unique features of the metaverse, marketers can create effective campaigns designed for this dynamically evolving platform. Furthermore, I highlight the potential approaches to mitigate the existing risks and limitations of the metaverse, transforming them into a competitive advantage. In conclusion of this thesis, I present a list of potential directions of metaverse marketing, which encompasses innovative qualitative and quantitative research.
Quanto tempo ci vorrà per rendere il metaverso una realtà? Il futuro del metaverse marketing.
EVSEEVA, MARIIA
2022/2023
Abstract
The metaverse is a concept of a persistent three-dimensional universe that combines various virtual spaces and enables users’ interaction through avatars and different devices. While the metaverse continues to evolve, it possesses significant potential to revolutionize a wide range of industries. Particularly for marketers, it provides a distinct avenue for engaging customers in innovative ways. Empowered by technologies such as virtual reality (VR), augmented reality (AR), and artificial intelligence (AI), brands can deliver an immersive, dynamic, and engaging experience to customers. The purpose of this study is to analyze the efficient application of metaverse marketing for businesses, explore its potential limitations, and examine risks associated with conducting marketing in the metaverse. Additionally, this research aims to identify and propose strategies to mitigate these risks. In this thesis, I explore the concept of the metaverse, along with its key characteristics and unique features that distinguish it as a powerful tool for brand communication, setting it apart from traditional marketing channels. The paper conducts a literature review on metaverse marketing strategies, emphasizing their potential advantages. Special attention is given to the technologies that enable the metaverse. Additionally, I investigate the potential future developments of metaverse marketing and how it will determine the methods businesses connect with, engage, and retain customers. By analyzing industry trends and the performance of its leading players, I identify the current state of the metaverse. Furthermore, the paper presents several cases of different brands utilizing the metaverse to create a highly personalized and immersive customer experience. Despite the evident advantages of utilizing the metaverse as a marketing platform, there exist significant limitations that hinder its efficient implementation. These challenges include platform fragmentation, whereby the metaverse remains disjoined and composed of multiple disconnected platforms. Privacy concerns arise from the extensive collection of user data within the metaverse, necessitating robust regulations in response to recent ethical scandals associated with the metaverse. Furthermore, the metaverse has been linked to some unintended consequences for users and society, such as addiction to simulated reality, and mental health issues, which could adversely affect the overall perceptions of the metaverse and impede marketing activities. Therefore, I conducted a survey to gain a deeper understanding of contemporary attitudes toward the metaverse and identify the salient issues for individuals. My findings offer valuable insights for marketers regarding the current state and future prospects of metaverse marketing. They emphasize the crucial aspects of marketing strategies for companies seeking to benefit from this potent but still controversial instrument. By conducting a thorough analysis of the factors driving consumer engagement and leveraging the unique features of the metaverse, marketers can create effective campaigns designed for this dynamically evolving platform. Furthermore, I highlight the potential approaches to mitigate the existing risks and limitations of the metaverse, transforming them into a competitive advantage. In conclusion of this thesis, I present a list of potential directions of metaverse marketing, which encompasses innovative qualitative and quantitative research.File | Dimensione | Formato | |
---|---|---|---|
894706_mbathesismariiaevseevametaversemarketing.pdf
non disponibili
Tipologia:
Altro materiale allegato
Dimensione
880.65 kB
Formato
Adobe PDF
|
880.65 kB | Adobe PDF |
I documenti in UNITESI sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
https://hdl.handle.net/20.500.14240/105354