Quick Links
The growth of the internet and the increasing prevalence of online social interactions have contributed to the development of the Metaverse as a service platform. With more and more people spending time online and connecting with others through social media and other online platforms, there is a growing demand for virtual experiences that allow people to socialize, connect, and collaborate in new ways.
Metaverse as a service platform offers a wide range of virtual experiences, such as virtual reality games, immersive educational experiences, virtual events and conferences, and virtual social spaces. They offer tools and services for building and managing virtual spaces, such as 3D modeling tools and analytics platforms.
This does not imply that MaaS will be used to compete with Decentraland and Roblox. On the contrary, it will be a model that will enable enterprises to penetrate the existing metaverse infrastructure and build on it to integrate their businesses into it, in a manner similar to how software-as-a-service, or SaaS, works.
It’s important to note that the concept of a metaverse is still in its early stages of development, and there is currently no widely available “metaverse as a service” platforms. However, there are many companies and organizations like Microsoft and Meta that are working on building and developing metaverse technology, and metaverse as a service platform will likely become more widely available in the future.
The widespread adoption of virtual and augmented reality technology has made it possible to create immersive digital environments that users can interact with using tools like VR headsets and AR glasses. This has opened up the possibility of creating virtual shared spaces that people from anywhere in the world can access.
What led to the formation of Metaverse-as-a-service
The concept of a “metaverse” refers to a virtual world that is created by using immersive digital media, such as virtual reality, augmented reality, and other technologies. A “metaverse as a service” would be a platform or service that provides access to a metaverse, either through a subscription model or on a pay-per-use basis.
Overall, the development of the metaverse as a service platform has been driven by a combination of technological advancements and the increasing importance of digital media in our daily lives. As technology continues to advance and the demand for virtual experiences grows, it is likely that metaverse as a service platform will become more widely available and popular.
Metaverse-as-a-service, or MaaS, is a business solution that allows businesses to enter the Metaverse with their virtual worlds for various use cases ranging from healthcare and finance to entertainment, learning, and more.
Use-case of Metaverse-as-a-service (MaaS)
Future of Gaming
The immersive environment that metaverse provide brings a great gaming experience and immense opportunity for businesses for their marketing goals.
With the popularity of metaverse gaming platforms like The Sandbox, Axie Infinity, Alien Worlds, etc, it is believed that the next wave of play to earn games will be led by the metaverse.
Hospitals and Medical
The Metaverse provides limitless possibilities for the domain, from securely sharing sensitive patient data to increasing collaboration between departments. The technology can also be utilized in using AR for robotic surgeries, cognitive therapy, conducting psychiatric assessments, facilitating faster rehabilitation through virtual collaboration, and using haptic sensors for physical therapy, etc. The industry has only scratched the surface of the Metaverse, and a flood of demand is on the way.
A UAE healthcare organization by the name of Thumbay Group revealed plans to build the first hospital in the Metaverse. Essentially, augmented reality (AR) and virtual reality will be used to deliver healthcare through immersive doctor-patient experiences (VR).
Learning
The Metaverse, by extending virtual learning hubs and bringing the concept of campus online, provides an excellent opportunity for learning and education. The ability to facilitate long-distance collaboration between students and teachers, as well as engaging learning models that use games/scenarios, is one of its most significant advantages.
Education Startups in the metaverse are exploding right now, with companies like Edverse , ClassVR, and Stemuli leading the way with innovative learning models and setups.
Virtual Offices
The Metaverse bridges this gap by providing a virtual office environment in which you can work, thereby accelerating collaboration and increasing the impact of various initiatives affecting your team.
The release of Metaverse software by Microsoft for its video conferencing app “Teams” has brought significant advancement in the concept. With even leaders like Facebook (now Meta) working to develop Metaverse platforms for work, the demand for Metaverse offices will be enormous shortly, fostering the demand for Metaverse-as-a-service solutions.
Companies already providing metaverse-as-a-service
Jupiter Meta
Jupiter Meta, a Metaverse and Web 3.0 advisory firm, launched Rent-A-Meta, a multi-utility space that provides MaaS. This MaaS will help businesses get started on their Metaverse journey by acting as a Web 3.0 adviser and integrated solutions architect.
Touchcast
This company is gaining well-deserved attention from event companies and corporations. The company allows its customers to create their metaverse domain and create their own Mcity (a Touchcast-exclusive offering) with agile services, scalability, and simple integrations.
Lovelace World
Lovelace World’s expertise is in providing end-to-end MaaS solutions that are designed to simplify its clients’ Metaverse adoption.
The MaaS toolkit from the company assists its clients in monetizing VR games, seamlessly integrating with other platforms, developing NFT experiences, and even operating smart contracts across Cardano—and several other chains.
Propel MaaS
While still in a very early stage, this company is quickly becoming known for the effectiveness of its plug-and-play Metaverse solutions and services.
The company specializes in developing and deploying smart contracts for Metaverse environment verification, negotiation, resolution, and measurement. It also offers its clients gaming, DeFi, and NFT integration service.
FAQs
Is metaverse a service or product?
Metaverse-as-a-service (MaaS) is a business solution that enables organizations to build and strengthen their presence in a 3D virtual world to support collaboration, business processes, investments, cryptocurrency, and other related use cases.
Is SaaS a metaverse?
SaaS, or Software as a Service, is a subscription-based model for using software platforms rather than purchasing a lifetime or perpetual license whereas, MaaS is defined as a business solution that allows companies to expand and strengthen their presence in the 3D virtual environment.
What are the four major metaverse platforms?
Four major metaverses as of now are Decentraland, The Sandbox, Roblox, and Axie Infinity.
How does the metaverse really work?
The metaverse is an open, shared virtual world with numerous digital spaces where users can access a variety of services and experiences. To ensure a sense of presence in the metaverse, users can enter the metaverse as digital avatars augmented with VR/AR technologies.
