With the continuous growth of the metaverse market industry, many well-known Web2 companies have begun to step into the metaverse market. 🔥

The move is aimed at securing differentiated competitiveness by preoccupying their place in the metaverse market, which is expected to grow to around 1,50 billion dollars within 10 years.

When Metaverse first appeared in the market, it was only a means of promotion, but recently, large companies have stepped into the metaverse market, and various utilization measures are emerging.

We decided to step into the metaverse market to take over another new world. Of course, with the Baby Shark and Pinkfong!

Many projects are being developed as we speak in the metaverse market, and we’ve thought about it. What projects to create and what metaverse to create for us to connect to the users?

Prior to project planning, we looked at famous projects and features that marked a milestone in the metaverse market.

SandBox

• Monthly Active User: 150 million users

• 2022. 7. 22 Market Cap: 2.7 bilion dollar

  [Key Traits]

  1.Utilization of various items by owning a land within the metaverse world

  2.Freedom of communication between users

  3.Transparent game transactions and systems that allow users to create and monetize digital assets themselves

[Key Traits]

1.Can live in the virtual world by farming and building.

2.High degree of freedom that allows users to create their own contents.

3.Have choice of playing with others or by yourself.

4.Used for company branding. (Online or Metaverse)

Roblox

• 2020 Daily Active User:  3.26 million users

• 2022 1Q Revenue: 537 million dollar

  [Key Traits]

  1.Free communication within the metaverse.

  2.Various activities such as daily quests through game avatar.

  3.Users can easily create their own contents.

Zepeto

• Over 300 million global users

• First month revenue of 800 million dollar

  [Key Traits]

  1.Various cultures, business, daily activities, and other contents make the metaverse world.

  2.Can freely interact with other users through various activities.

  3.Can monetize by item sale, crafting, and more.

  4.Have collaborated with global fashion companies and producing companies.

Starline – Google

1.Can freely communicate with others in their virtual world.

2.Through 3D avatar, it gives a realistic experience to the users.

3.With freedom of communication, allows users to do various activities such as education, business, and more.

In addition, many metaverse projects have entered the market and are growing with users.

Then why are users so enthusiastic about these projects?
We’ve picked the following key traits from these projects as the reason.

1.Free and vast ‘metaverse world’

2.High degree of freedom and user based economy

3.World where users can create anything

4.Freedom of choosing a role within the metaverse world, other then a role given by the game.

5.The another me in the metaverse, ‘Avatar’

6.Freedom of interactions with other users

Of course, there is no answer to the metaverse world. These are just some traits.
Now, what kind of Metaverse world will Baby Shark and Pinkfong create?
A brand new metaverse with Baby Shark and Pinkfong.

Will show it to you soon!

We hope many people are intrigued by our post about the metaverse market.

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“Our goal is to build an open metaverse that enriches humanity and is home to a thriving, fair ecosystem with millions of creators.”

                                               - Marc Petit, VP of Unreal Engine ecosystem at Epic Games

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Website: https://babysharkuniverse.io/
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