Dubai-based metaverse company Everdome has launched their new Metaverse Digital Theater, marking the latest addition to their expanding virtual universe. This new feature aims to create an accessible digital creation platform for a new generation of digital pioneers. The launch follows closely on the heels of Everdome’s Spaces Metaverse-as-a-Service creators tool, which allows digital creators to easily develop personalized and interactive metaverse environments. The Metaverse Digital Theater focuses on offering longer visual experiences to larger audiences.
Economic Potential of the Metaverse
A recent report by the World Economic Forum highlighted the significant economic potential of the metaverse, predicting it will generate a $10 billion market opportunity in Indian media and entertainment alone. In the Middle East, the metaverse is expected to contribute approximately $15 billion to the economies of the Gulf Cooperation Council (GCC) by 2030. As early pioneers in the metaverse event space, Everdome’s Metaverse Theater is positioned to capitalize on this growth, offering a virtual cinema experience designed to host interactive live events, film, music shows, and more.
Features of the Metaverse Theater
The Metaverse Theater can accommodate nearly one hundred people, with seating options on a lower level or a balcony that offers a panoramic screen view. Below the screen, a stage area allows presenters to introduce shows, interact with the audience, or present live action. This interactive capability is what sets Everdome’s metaverse destinations apart from traditional Web2 audio-visual platforms. On Everdome, audience members can move freely and interact with each other, going beyond the limited likes, comments, and shares available on traditional platforms.
Transforming Content Engagement
Jeremy Lopez, CEO of Everdome, elaborated on the transformative potential of the metaverse for audio-visual content creation, consumption, and engagement. He emphasized that immersive computing, the metaverse, and AI are converging to offer new mediums for content creation, empowering a new generation of creators. This new addition to Everdome’s metaverse allows users not just to view visual content passively but to interact directly within diverse media types.
Alpha Theater Launch and Future Prospects
Everdome kicked off their alpha theater release by showcasing their own content, including a history of developments in their interactive Martian digital city. They have established a rolling screening schedule accessible to a global audience, ensuring that anyone can participate regardless of their time zone. In future releases, partners and brands will have the opportunity to present their own audio-visual content in the theater, enabling pioneering brands to explore the interactive and immersive future of the internet’s next iteration.
Technology Behind Everdome
Everdome leverages the power of Unreal Engine 5 combined with blockchain technology to create interactive, impactful, and easy-to-access immersive metaverse destinations. These destinations are set within a unique Martian-themed digital environment, adding a layer of thematic intrigue to the user experience. This combination of cutting-edge technology and innovative design underpins Everdome’s goal of transforming how people interact with digital content.
Conclusion
The launch of Everdome’s Metaverse Digital Theater represents a significant step forward in the evolution of virtual experiences. By providing a platform for interactive and immersive audio-visual content, Everdome is positioning itself at the forefront of the metaverse revolution. With its focus on user interaction and community engagement, the Metaverse Digital Theater promises to be a key player in shaping the future of digital content creation and consumption. As the metaverse continues to grow, Everdome’s innovative approach and technological prowess are set to make a lasting impact on the digital landscape.