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The term “metaverse” means a fully-realized digital world that exists beyond the one in which we live. The term was coined by Neal Stephenson in his 1992 novel “Snow Crash,” and Ernest Cline further explored the concept in his novel “Ready Player One.”

How does the metaverse work? The metaverse is essentially a merge of virtual, augmented, and physical reality and blurs the line between your online and fundamental life interactions. We plan here to discuss the most-happening metaverse startups and businesses that we expect will revolutionize the metaverse in 2022.

Emergence of Metaverse and Metaverse Startups

The concept of Metaverse has been discussed for many years now but its , sudden rise to fame can be credited to two recent events:
i) Increased attention to digital lives in the aftermath of  the pandemic which cut a lot of real-world physical contact that people had previously.
ii) Facebook’s rebranding as Meta and plans for the Metaverse. The metaverse came into existence much before the Facebook rebranding but they can be surely credited with making it a household name.  

“You can kind of think about [the metaverse] as an embodied internet that you’re inside of rather than just looking at,” says Mark Zuckerberg, co-founder, and chief executive officer of Facebook which is now renamed as Meta. In the Facebook Connect 2021 main keynote, Zuckerberg presented metaverse as the “successor to mobile internet”. By rebranding Facebook as Meta, Zuckerberg plans to unlock the potential of the metaverse, a concept that holds great potential but is currently in the research and development phase. Zuckerberg’s explanation of the metaverse explains a parallel reality where avatars are a representation of the human self.

Discover 10 Global Metaverse Startups and Businesses In 2022

We have picked 10 interesting and promising globally recognized metaverse startups and businesses to be a part of this list. Read on to know more.

1. Polka War

PolkaWar is a blockchain-based NFT gaming platform and marketplace. It has combined the crypto NFT and gaming narratives to build an attractive venue for the players. It was founded in 2021 in Singapore. It has already created a detailed and fascinating multiverse. The platform will also feature an NFT-marketplace, allowing players to buy and sell their weapons, along with apparel and characters.

The main products include PolkaWar Realm, where different battlefield arenas are for teams and individuals. Another is the PolkaWar Marketplace, and the other is PolkaWar Logistics, which is a solution for those who want to own NFT in the real world. The logistics will allow the conversion of NFT items (equipment and weapons) to physical, real-world tangible items.

2. Next Meet

NextMeet® is an avatar-based immersive PC / VR metaVerse platform that enables virtual working, collaboration, meetings, distance learning & networking for business, education & events. A virtual experience for workers, attendees, students to meet & socialize from across the world. Pushpak Kypuram started the company in October 2020, based in Hyderabad. It is designed to remove isolation from traditional remote work. It has dedicated 3D spaces for meetings, virtual event platforms, learning, and working. You can hold events online, and attendees can come from all around the world. Launches, conferences, trade fairs have space for every occasion.

3. Union

This is a Barcelona-based company providing an accurate, complete body character creator tool to improve your experience in your favorite virtual worlds and metaverse. Their vision is to become the connector between realities and metaverses, promoting the conversion from 2D to 3D and the mobility between social networks. Their realistic, low-poly and rigged avatars contain fewer polygons to use in real-time applications, perfect for Virtual Reality (VR), Augmented Reality (AR), video games, and the metaverse. These can help you create photorealistic avatars and use them on your platform, improve the user experience, and increase engagement with your clients. Save time, cost, and resources for your game's avatars and NPC’s. It is an easy-to-use tool for avatar creation.

4. Playersonly

It is founded by Tuan Ma. It is a mainstream sports social media metaverse that incorporates decentralized finance. It’s a social networking platform where athletes around the world connect effortlessly. They also have a token, used as the primary means to govern a sports metaverse by providing a mechanism to access goods and services. They give an NFT platform that brings together athletes, brands, and cultures to create unique digital collections and experiences. They have already introduced a PlayersOnly Token (PO), which is used as the primary means to support a sports metaverse, not only incentivizes investors but provides a mechanism to access goods and services. Whereby 4% of each transaction goes to marketing and development. 3% of each transaction goes to PancakeSwap liquidity.​ And 3% of each transaction will go back to the token holders.​

5. OneRare

They are building the first tokenization layer that celebrates Food in Web3 by creating an immersive & gamified experience for users worldwide. The company was founded in March 2021. Gaurav Gupta and Supreet Raju are the founders. Their global vision includes creating global reach for the f&b industry. They want players to access celebrity chefs, restaurants & food brands for the first time through NFT. Their partnership with web3 projects helps in bringing exclusive food menus for game characters and web3 events. The players can follow recipes and collect ingredient NFTs used to make the dish. And can head to the kitchen to claim their favorite dish!

Not to forget, these steps are actions against hunger, and their motive serves to raise awareness and funds for eliminating world hunger.

6. vFair

It is a US-based company. It is a virtual & hybrid events platform that helps organizations reach out to global audiences. It helps organizations of all sizes to host amazing online conferences, trade shows, and job fairs. The platform offers an intuitive virtual experience and interactive features such as audio/video chat, excellent scalability, and several customization options. Some of the world’s leading organizations, including Nestle'​, AT&T, Unilever, and many more, use the vFairs software platform to interact and engage with employees, job candidates, customers, and audiences. The company also offers services to companies worldwide. They have exhibition halls, webinars, event reporting, event builders, and other specialized features for their users. In addition, they have built a multi-feature mobile event app that enhances in-person, hybrid, and online event experiences. They have an upcoming Houston Community College Adjunct Career Fair held on March 26, 2022, a virtual event. Not only these, but they do also have a series of events every month waiting for you to attend.

7. Metaverse Group

The Metaverse Group is a leading virtual real estate company offering exposure to the industry via the Metaverses. They facilitate the acquisition of virtual property and accurate estate-centric services that pioneers of the crypto, blockchain and non-fungible token (NFT) industries provide.

They offer services like buying and selling virtual real estate across the metaverses. They provide expert-level consulting for all significant metaverses. They help in finding a rental within the metaverses to fit any need. Also, assist in property management of existing real estate. Additionally, they help in marketing and advertising your business in the metaverse.

8. Gather

Gather is a video chat platform. It has come up with new ways to meet people for building a virtual community. It has built a metaverse platform for virtual offices, virtual conferences, and virtual meetings. Here people can get a chance to interact, socialize and have fun.

They provide a virtual experience without VR headsets that differentiate them from the rest. The Gather environments added some pixel arts from some old Hollywood movies to add a touch of creativity. They also allow players to host murder mystery games. The platform will later host multiple games in the VR environments.

9. CryptoVoxels

Cryptovoxels is a virtual world and metaverse, powered by the Ethereum blockchain. Players can buy land and build stores and art galleries and can do a lot more. They have built-in editing tools, avatars, and text chat. The platform consists of a city called Origin City, which has streets that are owned by The Corporation, and parcels that are owned by individual people. If the users have an Ethereum wallet, they can buy a parcel. They can add and remove blocks (voxels) and features on their parcels. They can also make their parcel a sandbox parcel, which makes it free for anyone to build on. Some of their features include things such as audio, buttons, images, voxel models, text, poly text (3D text), and gifs.

10. Airmeet

They help to conduct virtual events and webinars. You can get real-time engagement and interactions opportunities and help you to deliver immersive experiences to your audience. They also have a facility to integrate data from your CRM. Additionally, you can customize the virtual venue for your brand, with a theme, personalized reception area, and a branded event layout.

You can also make ticketing and entry rules and also can make custom registration as per your choice. They have hassle-free event management experience with pre-recorded sessions and live presentations where it allows speakers to showcase presentations. You can engage your audience in this platform by allowing them to share their curiosity by engaging them through in-session interactions and by bringing them on stage.

Metaverse comes with great promises and even greater responsibilities. At the same time, metaverse real estate is just starting to show up on the radar of many real estate investors. If you want to know how the real estate industry reacted to prop tech, you can read about it here. The metaverse companies believe that a public listing regarding lands could come in 2022 or 2023. The popularity of buying and selling digital property means companies like the Metaverse Group work, digitally just like traditional real estate companies.

However, over the next few years, the metaverse is expected to manifest itself primarily through virtual reality which is an alternative, digital world that can be used for a variety of personal and enterprise purposes.

Styldod is a design-tech company that aims to simplify real estate marketing and help agents present homes in their most favorable light online by reimagining and automating the listing photography process. Having begun as a virtual staging company, today, Styldod has affordable and best-in-class products and services for every facet of real estate marketing and photography. Styldod’s suite of services include virtual staging, image enhancements, floor plans, virtual renovation, 3D renders, 360 degree virtual tours, and Matterport virtual staging, to name a few. We're trusted by over 10,000 realtors from all over the US and from agencies like ReMax, Coldwell Banker, Keller Williams. Know more about us at https://www.styldod.com

Sanchita Saha

Sanchita is a writer with a curious mind. A Sociology graduate, she uses her constructive ideas combined with her experiences to write content that is credible and worth reading.

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