EY was the first of the big consultancies to embrace permissionless blockchains. Today it announced it is expanding EY wavespace, its existing team collaboration offering, into the metaverse. Additionally, EY US has launched a metaverse lab.
“I am seeing a lot of interest in the metaverse from clients in all sectors and industries,” said Edwina Fitzmaurice, EY Global Chief Customer Success Officer. “At this stage, the metaverse is about creativity and opportunity, not certainty, and I am excited for EY teams to continue shaping a road map for how clients can anticipate and transform for this next frontier of human experience.”
The metaverse offers more immediate or long-term potential, depending on the industry. Fashion and luxury brands are sectors that are embracing it quickly, given the lucrative opportunity to outfit avatars in the metaverse. Morgan Stanley predicted that metaverse revenues for the luxury sector could reach €50 billion by 2030.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
