🛍️E-commerce

The creation of a virtual economy in the metaverse...

The metaverse will play a significant role in shopping in the coming years as the technology leaders of the e-commerce revolution.

Technological advancements necessitate innovation; the way we shop today is simply not the same as it was 10 years ago. Similarly, technology is now an integral part of every aspect of our lives, and being on the cutting edge of developments allows us to capture a large amount of potential clientele.
Using data driven aspects we can see value growth within the digital space, projected growth of the metaverse, generational aspects (Gen Z and beyond have never known the non-connected world), and new markets in developing nations. This all points towards the crucial need of a single place which offers utility to all. VerseX will facilitate this.

How will VerseX revolutionise e-commerce?

The VX Shopping Mall will serve as the cutting edge of the next technological revolution in e-commerce by providing users and businesses with the ability to create their own virtual stores and provide goods and services worldwide. In VerseX, users will not have to deal with long queues, boring interfaces, or not being able to see or connect to who they are dealing with during an online checkout. Users can check out instantly; as well as converse with the vendor in order to ensure product confidence prior to purchase. Consequently, consumers will be able to purchase their favourite brands from the comfort of their homes. Did you forget to buy your fiancé a birthday present? Nothing to worry about! Go to VerseX and log in. With VerseX's intended innovative features and functionalities, business owners will have access to a wide range of advantages. In terms of advertising and store improvements, there is no end to the possibilities, ranging from heartfelt social interactions to numerous advertising opportunities. With VerseX, you can order your items via virtual reality and have them delivered to your home anywhere in the world.

How does VerseX uniquely solve the problems faced by retail and e-commerce today?

Current issues with retail stores and Web2:

Issues

Solution

Small target clientele (High Street)

You will no longer be limited to a local clientele. Present your brand and items to a worldwide audience in VerseX.

Limited stock in store (High Street)

If your item is not in stock, customers will be able to test the item on our revolutionary, in-development mannequin software to determine if it fits, and then reserve their spot for when the item becomes available again. As a result, the customer remains interested in the product where high streets might risk losing a sale.

Multiple customer order of the same item and returns (Web2)

Our mannequin software will greatly limit the amount of items needed for return with like for like fittings of items, ensuring customer returns are kept to a minimum due to customers' uncertainty about sizes which vastly affects a companies profit margins.

Ever increasing rental costs (High Street)

A VX Mall store rental would be substantially lower than renting a real-life store within a Mall. We will keep our prices at a moving average based on several factors, while still increasing your target market to a global audience.

Stolen/damaged items (High Street)

The items cannot be damaged when being tried on, nor can they be stolen since everything is represented virtually.

Working hours (High Street)

The automated stores within VerseX provide 24-hour access to your store throughout the world.

Renovation, up-keep, energy bills (High Street)

You will not lose profit when you change the appearance of your store because of the low upkeep costs. For a fraction of the cost, you can easily update walls, lighting, colour schemes, racking, advertisements and many other features.

Potential loss of profit due to unpopular products (High Street)

Display one item in your virtual store after producing and testing it. Your company can mass produce the product if there is a lot of interest, if not, there is no harm done to the vendor.

Stores tend to stock seasonal items only (High Street)

There will be a market for clothing for all weather conditions all year round with a worldwide clientele.

Boring web2 interface, could be tiresome for prolonged customer use (Online)

Immersive shopping using Virtual Reality talking to real store owners and customers in real-time.

Risk of Loss & Theft (High Street)

Customers will be able to shop safely online using the immersive virtual shopping experience at VX Mall.

Staffing costs (High Street)

Significantly reduce or eliminate employment of staff. You can hire staff from within VerseX using our employment forum page or reduce your company's expenses by using our automated service. The choice is yours.

VerseX will serve as a global marketplace for both physical and digital items. You can interact with other users in a virtual reality version of a real-life scenario. Currently, we are in the process of acquiring vendors worldwide who wish to own a store within our Metaverse. If you order your items through VerseX, they will be delivered to your home anywhere in the world. We believe the majority of transactions will be conducted in $XVR. Build your own store, communicate with vendors via voice chat, advertise within the mall, and complete tasks and jobs to earn rewards.