Real Estate Investor March 2022 | Page 19

METAVERSE
Warren Hewitt , CEO of GTP says we will be using the metaverse as a marketplace to promote our products and services for the city of Bellville in conjunction with the City of Cape Town .’ He says besides the vast options available on the platform there are multiple plug-in functionalities that can be added .
“ There are multiple opportunities for a company to monetize in this space .”
According to REI ’ s Director Neale Petersen , Metaverse Spaces in conjunction with South African based tech developers Y-Dangle are trailblazers in leading the metaverse charge . “ But more importantly , they have opened up the opportunity for any company
REI launches SA ' s first ever commercial platform to create your company ' s own metaverse . REI with Metaverse Spaces can help you set up and host your own metaverse in a quick turnaround time ,” says Peterson .
REI have had their own operational virtual office since December last year . This enables Real Estate Investors to showcase their products and host their partners and clients for meetings , events and networking gatherings in a private , secure interactive metaverse space .
In addition to Greater Tygerberg Partnership , other South African companies such as MRI Software and IWG are using the platform to great success , as well as US companies such as Intel , Slack , iHeart Media , P & G , Erup , Cannes Lions , Toyota and EY to name a few .
SA Real Estate Investor Magazine MARCH 2022 17