Vemaker is a business orianted metaverse for office life
Turkey
Market: Internet and IT, Culture and art, Education, training, Blockchain, Virtual and Augmented Reality
Stage of the project: Operating business
Vemaker is a business metaverse for events, conferences, offices and everything between. It is a 3d world with avatars, presentation tools, great locations and upcoming decentralized blockchain.
Current Status
Vemaker is a complete product with the phase 1 and 2 are completed. Product is fully working as a platform and it has some previous tractions in this stage. These finished projects were also a great source for development and testing the platform. There are also upcoming projects and commercial worlds that will be held in Vemaker platform.
Phase 3 and 4 will be research and developed after the investment.
Market
M.I.C.E: Corporates and their agencies organizing meetings, incentives, congresses, events.
Offices: All companies and brands looking for methods of working together and needing effective and large offices.
Education: Schools, universities, institutions that want to make a difference with new educational technologies.
Problem or Opportunity
Event platforms and online work and interview systems are not immersive enough for individuals. It is not possible for participants and people to work collaboratively, make a presentation and learn together without getting bored and losing focus within the existing systems. Not enough users can attend at the same time, experience is not really immersive, they are lack of features and data collecting systems. No real business orianted metaverse is existing with decentralized network and economy.
Solution (product or service)
With the solution offered by VEM (Vemaker) and its meta-universe, anyone can participate in various activities using your unique avatar and communicate with other users using VEMs 3D spatial sound technology. It is time to get together with your entire team in a virtually real environment. All office life, big size events, fairs and daily commerce can live and develop in Vemaker.
Competitors
Direct competitors known with different industry approaches are: Virbela, Meta Horizon, Spatial, Altspace VR
Indirect competitors known with more traditional approaches: ExpoPlatform, Hopin, Swapcard, Aventri
Advantages or differentiators
Vemaker is an alive metaverse with high attendence limits compared to competitors. It is mainly based to work on any computer with internet access and completely on browsers, mobile and VR so a very range of attendence is possible.
With the future plans to be developed on blockchain, it will be a decentralized platform for the people to create their own office neighbourhoods and commercial towns.
Finance
Pricing is based on the B2B data for today. I depends on the people attending, Duration of Use, Extra Booths and Custom requests in the Metaverse.
Future revenue streams are planned to be on mobile markets, VR markets, Micro-monetization and NTF based asset trade.
In the next 5 years it is estimated to dominate %0.05 of the global market with an estimation of 17 billion USD globally.
Business model
Business model is based on a Saas platform and B2B sales for today. A pricing based on the attendence size, time and custom requests are calculated for specialized projects. Main channels are business networks, web site ADS, social media ADS.
Money will be spent on
%30 Development: New features and expanding of the metaverse is our main plans on Phase 3 & 4 and also for Blockchain technology integration.
%35 R&D: New entegrations and technologies based on servers, networks and blockchain tech should be researched.
%30 Marketing: With a ready product, marketing costs will be spent to create new tractions.
%5 Others: All other company costs.
Since it is a very immersive and new-tech metaverse platform, people will feel and act different to be in it for the first years. Developing and marketing a platform like this might be hard for the first years. Future plans on blockchain and NFT technology is also a very new era that not all commercial effects and permissions regards on political decisions of states are clear. These are some possible risks and crisis for the future.