We're proud to announce our partnership with Enjinstarter, a leading Web3 launchpad and advisory Singapore-based company, to facilitate our reach into Southeast Asia. Together, we will help organizations plan and fulfil their metaverse ambitions.
After a successful 2022, including some US$2 billion in venture funding, the metaverse remains top of mind for brands looking for new ways to engage with consumers. A recent McKinsey & Company report suggested that up to US$5 trillion in value could be generated by 2030. As Web3 and metaverse innovators, both Enjinstarter and LandVault have forged this partnership to scale their collective value creation across the region.Â
"We were brought together by our shared vision of how Web3 and the metaverse could revolutionise brand-customer relationships and be a force for good in the world," said Prakash Somosundram, CEO and co-founder of Enjinstarter. "We love what LandVault is doing for the metaverse and are honoured to be its local partner in Southeast Asia. My team and I are thrilled about working with them to help make this vision a reality."
"This is an exciting moment for us as we continue to grow our operations," said Sam Huber, CEO of LandVault. "Enjinstarter played a key role in getting us exposure to the region. The partnership forms part of our global expansion plans, and we can't wait to get going on helping companies across the region build the next generation of metaverse experiences."
An end-to-end metaverse builder catering to any industry, we help companies buy or rent metaverse land and build custom experiences that drive meaningful engagement. Already established as a leader in the space, we have built over 100 million square feet of virtual experiences for a diverse range of clients, including Mastercard, Hershey's, Standard Chartered, World of Women, and more.Â
Having recently expanded our operations to Dubai, we have since gained significant traction due to our extensive experience within the space. With the developing web3 interest from the MENA region, the expansion was a natural fit for us, as we aim to assist organisations and governments achieve its metaverse strategy.
An August 2022 survey conducted in the region found that 72% of respondents had "positive feelings" about the metaverse, while a Deloitte report on the economic impact of the metaverse stated that Asian countries would see the metaverse count for up to 2.4% of GDP by 2035. In Indonesia, the region's largest market, this translates to up to US$50 billion in economic impact. Governments are also starting to jump on board, including the Indonesian government's metaNesia initiative.
"The metaverse is only getting started as a technology and marketing channel to be leveraged by brands," said Rishi Randhawa, Enjinstarter's head of Web3 education solution, Afterburner. "LandVault is pushing the boundaries of what's possible in terms of metaverse analytics and its proprietary toolkit that will spawn the growth of metaverse-native businesses."
"We believe that over the next decade, every brand and IP will need a business in the metaverse, just like they have a business on the internet," added Sam Huber. "However, while we aim to get as many brands as we can into the metaverse, we also feel a responsibility to build the metaverse in a way that serves both brands and users."
Don't hesitate to contact us today if you're keen to collaborate or want to launch a personal or business brand in the metaverse.
