Metaverse – A Perfect Complement to the Real World


With the explosion of industry 4.0, Metaverse is becoming one of the most commonly mentioned concepts. According to experts, Metaverse will develop into a general trend in the future and will perfectly complement the real world. 

The "Metaverse" is a set of virtual spaces where users can create and explore with other people who are not in the same physical space as them. Users will be able to hang out with friends, work, play, learn, shop, create and more. In terms of structure, the word Metaverse consists of Meta- which means "more comprehensive" and "transcendent", and -verse from universe which means "everything in one". Therefore, Metaverse is like a souped-up version of the real world, and it exists parallel to the real world. In this universe, tools or features provided by developers will allow users to break down barriers to freedom and creativity. 

Metaverse drives convergence between online and offline worlds.

In the research paper entitled "Digital Asset Transactions in the Digital Economy – Metaverse economy", Mr. Luu Tuong Bach - Vice President of Economist Club, Chairman of the Board of Aptus Venture Capital, and Senior Advisor of FundGo Startup & Innovation Fund - demonstrated the boom of Metaverse and affirmed that it would be the perfect complement to the real world. He asserted that Metaverse was helping businesses shape the digital world and get ample development opportunities in the future if they grasp this trend. According to Mr. Bach, Metaverse proved to be an inevitable trend. Specifically, he mentions several examples including Citi Group’s estimation that the total market for the metaverse economy could grow to 13 trillion dollars by 2030 with 5 billion users. Gartner predicted that 25% of the population will spend at least an hour a day on Metaverse and 30% of organizations worldwide will have products and services ready for Metaverse by 2026. A report by McKinsey & Company also showed that 59% of consumers are excited about transitioning their everyday activities to the Metaverse. These numbers emphasize that Metaverse is not only leading to a technological boom but also having a great impact on the real economy. Remarkably, Metaverse is expected to have far-reaching applications for society such as, transforming fields of business, education, entertainment and media, healthcare, manufacturing, job training, and retail, etc.

Metaverse is predicted to thrive in the future.

Mr. Bach provided a typical example of Metaverse in socio-economic fields in this document. He stated that companies with new business models, such as McDonald's and Nike, were preparing the Metaverse to be a place where users could shop, play games, meet friends, and attend concerts. He also mentioned Metaverse Seoul, a unit established on a public-private partnership between 700 Metaverse-related companies and the Korean government and local governments across the country. Metaverse Seoul aims to achieve key objectives such as, making it easier for citizens to connect to government services; overcoming time, space, and language limitations; and discovering innovative ways to enhance user experience and satisfaction. 

Compared to current technologies, Metaverse expands the online interaction space for users in a multi-dimensional manner. 

According to Mr. Luu Tuong Bach's research papers, the Metaverse world is still in its early stages, but its technology platforms have been constructed, developed, and utilized in a variety of fields of practice. In Vietnam, the Metaverse market is among the top 5 countries and is expected to grow to $2.6 billion by 2026, more than five times its current size. However, we remain confronted with numerous challenges that require timely resolution to grasp the development opportunities. Human resources, in particular, are one of the critical factors that must be addressed quickly in order to satisfy market demands. 

With available resources, FundGo is well-prepared to accompany partners such as Digital Asset Management Center (TSS), IM Group Digital Transformation Academy, and others in training human resources to approach blockchain and Metaverse theory and practice in order to improve the quantity and quality of resources in this field. Therefore, the Fund has strived to make Vietnam one of the world's most important markets and destinations for future blockchain projects. 



arrow left arrow right

Tết Nguyên đán – ngày lễ sum vầy, đong đầy ý nghĩa

Tết Nguyên đán là lễ hội truyền thống lớn và quan trọng nhất trong năm của Việt Nam, là dịp để nhà nhà đoàn tụ, sum vầy cùng tổng kết lại năm cũ và chào đón năm mới. Tết Nguyên đán còn là một trong những nét văn hóa lâu đời, không thể thiếu trong […]

Innovative Startup with Students as the Focus

Students are the backbone of the innovative startup ecosystem since they are not afraid of change and are highly adaptable to new trends and technological advancements. Therefore, it is crucial to educate students about the significance of innovative startups as well as stimulate their desire to start a business.

Digital Transformation: Change the Appearance of Vietnamese Education

Digital transformation in education and training has been around for a long time and actively utilized in the teaching and learning process all over the world, including in Vietnam. According to the National Digital Transformation Program approved by the Prime Minister on June 3, 2020, education is the second priority field for digital transformation after medicine. This demonstrates that education and digital transformation in the industry are critical to the country's development. So, what are the advantages of the digital transformation in education? How is the digital transformation in Vietnamese education? Let's find out in this article!

Should Blockchain Be Applied in Vietnamese Education?

When it comes to blockchain, most people usually think of Bitcoin, but in fact this technology has made great strides and created a lot of positive changes in other areas besides digital assets. Notably, blockchain is initially creating a revolution in the education industry in some countries around the world, especially at the university level. Should blockchain be applied in universities and colleges in Vietnam?

Blockchain – a Potential Field for Technology Startups in Vietnam

In recent years, blockchain has made positive changes and created a prominent trend in Vietnam. With disruptive and diverse applications, blockchain is considered a fertile ground for technology startups and the startup ecosystem in our country. So how has blockchain made a difference in economic development?

Successful Startup: Important Things that Must not Be Ignored

Startup is currently a popular trend in Vietnam when more and more young people have a passion for business and a venturesome spirit. However, it is their inexperience that causes startups to encounter numerous difficulties and make a lot of mistakes on their journey. Understanding the do's and don'ts is one of the key foundations for startups to stand firm in the fierce market competition.

Blockchain Technology and the Law

Blockchain is gradually becoming a trending technology that captures enormous attention from organizations and businesses around the world. In Vietnam, blockchain is no longer an unfamiliar term as it has received widespread acceptance. The State is also promoting research and step-by-step promulgating blockchain-related legal framework, guidelines and policies.

Why do Businesses Fail at Digital Transformation?

Digital transformation is an ultimate goal that myriad businesses in Vietnam are striving towards, but not all of them can achieve it. Statistics from the Vietnam Association of Business Administrators show that over 90% of companies fail to perform this process. So what are the culprits behind their failure? Read the following blog to find out some common mistakes in the digital transformation of Vietnamese enterprises.