ESG Benefits of the Metaverse with Walcon Virtual
May 31, 2022
ESG Benefits of the Metaverse with Walcon Virtual
At Walcon Virtual, we’ve been committed to virtual events since 2018 due to their countless advantages over traditional physical events. Large companies embracing tech transformation through virtual offices and metaverse environments can improve their ESG rankings thanks to the following benefits:
- CO₂ Emissions Reduction: Hosting digital events or using 3D metaverse platforms with avatars significantly reduces carbon emissions, mainly because attendees don’t need to travel by plane, train, or car. This reduction becomes even more substantial when employees don’t need to commute to the office. During the pandemic, remote work became necessary to protect workers, and crude oil consumption dropped to unprecedented levels, even reaching -$45 per barrel in April 2020. This showed how metaverses and digital transformation can be powerful allies in fighting climate change.
- Work-Life Balance & Flexibility: Since the pandemic began, companies that adopted remote work have seen increased employee commitment. Not having to commute saves workers around 6 hours per week for personal activities. Employees are also more open to working extra hours from home, and long business trips are avoided. Metaverse platforms also allow
immersive team-building activities with colleagues from around the world—something that would be otherwise difficult due to cost, time zones, and travel logistics.
- Global Networking: Bringing together companies and institutions from all over the world in a
virtual expo hall has changed the game. On one hand, virtual event costs are dramatically lower, improving company profitability. On the other hand, meeting people globally—without geographic barriers—opens up
business opportunities previously unimaginable.
If you'd like to learn more about the ESG benefits of metaverse and virtual events, contact us with no obligation at:
www.walconvirtual.com/contact
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What Is the Metaverse: A New Digital Dimension where you can virtually participate and interact in corporate a 3D Environment
When we talk about “3.0,” we refer to a deep evolution in how things are done—whether it’s online communication or virtual events. It symbolizes a new era where AI, the metaverse, 3D environments, and augmented reality transform how we live and interact.
Web 3, also known as Web 3.0, represents a major transformation of the internet as we know it
Until just a few years ago, the metaverse was something completely unknown to most people. Yet, a few curious pioneers were already exploring these virtual worlds. On platforms where digital land is limited, some users purchased virtual plots for as little as €20 — and today, they can earn up to €1,500 from renting out those same spaces. Major global companies from every sector — such as Samsung, Dolce & Gabbana, Nike, BMW, and Coca-Cola — are competing to establish their presence in the metaverse, which appears to be the clear direction the future is heading. Real estate agencies that traditionally sold physical properties around the world are now also offering virtual land sales and even exact replicas of real-world homes inside the metaverse. One notable example is Nourmand & Associates, a real estate firm currently selling a mansion in Beverly Hills for $9.5 million, while offering the possibility to build a virtual replica of the same property in a well-known metaverse for an additional $100,000. According to expert Sergio G., “The global market for virtual and augmented reality was valued at $26.7 billion in 2018; it is likely to close this year at $54 billion, and projections estimate it could reach $800 billion by mid-decade.” From the very beginning, Walcon has embraced this vision, collaborating with leading metaverse platforms, and designing, managing, and constructing projects across any virtual world.
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