While it’s too early to predict how
the Metaverse will develop, one way or
another, it’s coming. Lesley Morisetti
takes a look at the challenges and
opportunities for visitor attractions
Meta partnered with the Smithsonian to create a VR moonwalk experience / Photo: Courtesy Meta
In the three weeks between late October and early November 2021, Google searches for the term ‘Metaverse’ grew by nearly 1,500 per cent. Facebook had re-branded as Meta and a term which had previously connected mainly with online gamers hit the mainstream.
Jump forward four months and Citi Global Perspectives and Solution’s (Citi GPS) report, Metaverse and Money, estimated that the Metaverse could be worth as much as US$13 trillion by 2030.
So how is this relevant to location-based experiences (LBE) and should the industry view the Metaverse as a threat, an opportunity or just not relevant to us today? David Andrade, of Theory Studios, Martin Howe of Dapper Labs, Louis Alfieri of Raven Sun Creative, and I were given the opportunity to progress the discussion by running a session at TEA’s recent SATE Europe conference at Liseberg, in Sweden.
So, what is the metaverse? Our first aim was to provide a better understanding of what the Metaverse is. Google search the term Metaverse and multiple definitions are listed. Matthew Ball, who describes himself as an entrepreneur, investor, strategist, theorist, writer and Metaverse expert, uses the following definition: “A persistent and interconnected network of 3D virtual worlds that will eventually serve as the gateway to most online experiences, and also underpin much of the physical world.”
I like this definition because it talks about 3D virtual worlds being interconnected (allowing users to move easily between them) and it also talks about the blending of digital and physical experiences, with the Metaverse becoming not an alternative to real life, but part of our future way of engaging with each other.
But how does that differ from the internet of today? Nick Clegg, VP Global Affairs and Communications for Meta Platforms, Inc, says: “The Metaverse is coming, one way or another. The future of the internet will be more human than the way we experience it today – more physical, interactive and speech based than flat screens filled with text and images.”
Most people agree that it’s much too early to predict exactly how the Metaverse will manifest and how it will be used. At the end of the 20th century, in the early days of the internet, a lot of money was invested in online businesses which quickly went bust. Most were trying to simply replicate existing business models from the physical world. It took time to truly understand the new opportunities that the internet could support and enable, and time for consumer behaviour to adapt. The same is likely to be the case for the Metaverse. As David Andrade told us during the SATE session, the Metaverse is currently at the same stage as the internet was in the late 1990s. Similarly, Nick Clegg estimates 10 to 15 years or longer for major change.
I introduced our SATE session from the perspective of a non-technical person. My work, looking at the market demand and economic viability of attraction development, considers opportunities from the perspective of brands/developers (supply) and consumers (demand). Within this context, I have set out my attempt at a ‘Metaverse 101’, based on my research so far and attempting to identify which are the most crucial factors that will drive the growth expectations of Citi GPS versus the factors which are enablers rather than drivers. I have also tried to identify some of the challenges which are likely to be faced in achieving growth.
Metaverse 101 (early days!) Drivers of Growth:
• Creative content – fundamental to success is creating environments and experiences that consumers will want to spend time within and, crucially, enabling them to co-create and drive their own interactions within the environments.
• Solving the access barriers – VR glasses are simply one form of ‘hardware’ which can be used to access the Metaverse. Citi GPS and many others consider that access needs to be via more commonplace hardware for the highest growth expectations to be achieved, with the ubiquitous mobile phone key to achieving this.
• Decentralised finance (DeFi) – financial transactions in the modern world are mainly made via ‘middlemen’ such as banks or credit card companies. Transactions in the Metaverse cut out this middleman, enabling trading to be a direct transfer between the buyer and the seller. This shift is seen as key to allowing the Metaverse to have an effective economy.
• Human behaviour change – as with the early days of the internet, changes in human behaviour will need to evolve alongside the Metaverse.
Enablers of Growth:
• Lower latency, open versus closed technologies and other technical and infrastructure improvements – Not my area but ‘ping time’ is apparently key and not fast enough at the moment!
• Blockchain currencies and NFT collectibles – these are the tools which allow DeFi to take place
• Collaboration to enable interconnectivity – the ability to move seamlessly from one 3D world to another requires the Metaverse community to work together and to design on a compatible basis.
Challenges:
• Big tech’s desire to dominate – when we buy a new phone we have to decide between Apple or Android and switching between the two systems can be challenging. An interconnected future is going to require the large tech companies to work much more collaboratively, otherwise the future will be fragmented and siloed.
• Achieving realistic graphics – many of the gaming successes so far are cartoon based. Think of the success of Pokémon for example. Creating graphics which are more representative of the physical world is currently more challenging. Compare this to our industry’s immersive environments such as Pandora, the World of Avatar at Disney’s Animal Kingdom, and the Metaverse is not yet there.
• Who regulates? – There is already much discussion about how the internet is regulated and this will be equally important with the Metaverse. Who is responsible for content moderation, free speech, privacy?
• Safe-guarding – This was in the news earlier this year with disturbing stories of children’s avatars being abused by rogue participants. But it’s not just users that need protecting. How do brands/IPs protect their values and prevent fake versions appearing in the Metaverse? And the pitfalls of decentralised finance have also been much in the news, including the recent hacking of BPYC’s official Instagram account which led to NFT collectibles worth US$ millions being stolen. Who protects you when there is no middleman involved?
Where are we now? So as an industry, where are we currently? While the majority of LBE operators are currently preoccupied with more immediate challenges (recovery from the pandemic, war in Ukraine and impacts of both on the global economy), some operators are starting to dip their toes into the Metaverse. Not surprisingly, this is being led by major content owners, for whom LBEs are just part of their business model and who have deep enough pockets to fund R&D.
In April Disney launched Galactic Star Cruiser, an immersive two-night stay costing US$6,000 for a family of four, which is described as taking immersion to a new level. The decisions each guest makes impacts their pathway through the experience and their outcome, and the experience is created using a mixture of physical and digital techniques. Is this the Metaverse? I am not sure, but maybe a step towards it?
Smaller visitor attractions, or those with more modest budgets, are testing the water through partnerships with organisations which can support them on technology and implementation. The British Museum, alongside other art galleries and museums, is working the LaCollection platform, selling 200 Hokusai NFT artworks, to coincide with their exhibition Hokusai, The Great Picture Book of Everything.
And, the Smithsonian recently ran a temporary Moonwalk Experience using VR glasses at their Arts + Industries Building FUTURES exhibition. Developed with support from Meta, the experience is described as letting visitors walk in the Apollo astronaut’s shoes.
Conversely, brands created in the Metaverse are starting to test their popularity in the physical world, for example, BAYC recently launched a branded pop-up burger restaurant in Los Angeles, which has been so well received that they are thinking of making it permanent.
Our session at SATE certainly sparked debate, including, for some, the desire for physical experiences to offer device-free family time as an antidote to the online world that many children increasingly live within. Whatever your stance, the Metaverse is evolving and I for one plan to continue to monitor it to identify opportunities for the LBE industry, and experiences in general.
Photo: Credit Andrea Horth
Lesley Morisetti
Read more from this issue of Attractions Management magazine
View contents of Attractions Management 2022 issue 2
Editor's letter: Open for all
We must listen to the communities we’re trying to serve if we’re going to make attractions inclusive for everyone, says Magali Robathan
Interview: Chris Mather
As the Gretna Green Experience opens in Scotland, Mather & Co’s CEO shares the highs and lows of almost three decades in exhibition design
Waterparks: Down to earth
The world’s first ‘living waterslides’, a hydroponic farm, rooftop beehives and more than 1,500 trees – all part of the Therme Manchester next generation waterpark’s aims to be as green as possible
Museums: Gardens of the future
Dubai’s new Museum of the Future has opened with a bang. We look at how the innovative landscaping aims to support the museum’s message
Technology: A whole new world
The metaverse is coming, and the attractions industry needs to pay attention. Lesley Morisetti explores the challenges and opportunities
Immersive art: In the picture
Van Gogh: The Immersive Experience is part of a massive trend promising to offer new perspectives on art and artists
Awards: Museums & Heritage Awards
As the Oscars of the museum world celebrate the best, brightest and most creative, we take a look at this year’s winners
Tourism: The winds of change
Attractions providers not willing to take risks and get truly creative will get left behind, says Dr Terry Stevens. Here’s how to stay ahead of the curve
Research: A sustainable future
Research shows that consumers want attractions to get greener, faster, and they’re actively pushing for change. BVA BDRC’s Jon Young talks us through the numbers
While it’s too early to predict how
the Metaverse will develop, one way or
another, it’s coming. Lesley Morisetti
takes a look at the challenges and
opportunities for visitor attractions
Meta partnered with the Smithsonian to create a VR moonwalk experience / Photo: Courtesy Meta
In the three weeks between late October and early November 2021, Google searches for the term ‘Metaverse’ grew by nearly 1,500 per cent. Facebook had re-branded as Meta and a term which had previously connected mainly with online gamers hit the mainstream.
Jump forward four months and Citi Global Perspectives and Solution’s (Citi GPS) report, Metaverse and Money, estimated that the Metaverse could be worth as much as US$13 trillion by 2030.
So how is this relevant to location-based experiences (LBE) and should the industry view the Metaverse as a threat, an opportunity or just not relevant to us today? David Andrade, of Theory Studios, Martin Howe of Dapper Labs, Louis Alfieri of Raven Sun Creative, and I were given the opportunity to progress the discussion by running a session at TEA’s recent SATE Europe conference at Liseberg, in Sweden.
So, what is the metaverse? Our first aim was to provide a better understanding of what the Metaverse is. Google search the term Metaverse and multiple definitions are listed. Matthew Ball, who describes himself as an entrepreneur, investor, strategist, theorist, writer and Metaverse expert, uses the following definition: “A persistent and interconnected network of 3D virtual worlds that will eventually serve as the gateway to most online experiences, and also underpin much of the physical world.”
I like this definition because it talks about 3D virtual worlds being interconnected (allowing users to move easily between them) and it also talks about the blending of digital and physical experiences, with the Metaverse becoming not an alternative to real life, but part of our future way of engaging with each other.
But how does that differ from the internet of today? Nick Clegg, VP Global Affairs and Communications for Meta Platforms, Inc, says: “The Metaverse is coming, one way or another. The future of the internet will be more human than the way we experience it today – more physical, interactive and speech based than flat screens filled with text and images.”
Most people agree that it’s much too early to predict exactly how the Metaverse will manifest and how it will be used. At the end of the 20th century, in the early days of the internet, a lot of money was invested in online businesses which quickly went bust. Most were trying to simply replicate existing business models from the physical world. It took time to truly understand the new opportunities that the internet could support and enable, and time for consumer behaviour to adapt. The same is likely to be the case for the Metaverse. As David Andrade told us during the SATE session, the Metaverse is currently at the same stage as the internet was in the late 1990s. Similarly, Nick Clegg estimates 10 to 15 years or longer for major change.
I introduced our SATE session from the perspective of a non-technical person. My work, looking at the market demand and economic viability of attraction development, considers opportunities from the perspective of brands/developers (supply) and consumers (demand). Within this context, I have set out my attempt at a ‘Metaverse 101’, based on my research so far and attempting to identify which are the most crucial factors that will drive the growth expectations of Citi GPS versus the factors which are enablers rather than drivers. I have also tried to identify some of the challenges which are likely to be faced in achieving growth.
Metaverse 101 (early days!) Drivers of Growth:
• Creative content – fundamental to success is creating environments and experiences that consumers will want to spend time within and, crucially, enabling them to co-create and drive their own interactions within the environments.
• Solving the access barriers – VR glasses are simply one form of ‘hardware’ which can be used to access the Metaverse. Citi GPS and many others consider that access needs to be via more commonplace hardware for the highest growth expectations to be achieved, with the ubiquitous mobile phone key to achieving this.
• Decentralised finance (DeFi) – financial transactions in the modern world are mainly made via ‘middlemen’ such as banks or credit card companies. Transactions in the Metaverse cut out this middleman, enabling trading to be a direct transfer between the buyer and the seller. This shift is seen as key to allowing the Metaverse to have an effective economy.
• Human behaviour change – as with the early days of the internet, changes in human behaviour will need to evolve alongside the Metaverse.
Enablers of Growth:
• Lower latency, open versus closed technologies and other technical and infrastructure improvements – Not my area but ‘ping time’ is apparently key and not fast enough at the moment!
• Blockchain currencies and NFT collectibles – these are the tools which allow DeFi to take place
• Collaboration to enable interconnectivity – the ability to move seamlessly from one 3D world to another requires the Metaverse community to work together and to design on a compatible basis.
Challenges:
• Big tech’s desire to dominate – when we buy a new phone we have to decide between Apple or Android and switching between the two systems can be challenging. An interconnected future is going to require the large tech companies to work much more collaboratively, otherwise the future will be fragmented and siloed.
• Achieving realistic graphics – many of the gaming successes so far are cartoon based. Think of the success of Pokémon for example. Creating graphics which are more representative of the physical world is currently more challenging. Compare this to our industry’s immersive environments such as Pandora, the World of Avatar at Disney’s Animal Kingdom, and the Metaverse is not yet there.
• Who regulates? – There is already much discussion about how the internet is regulated and this will be equally important with the Metaverse. Who is responsible for content moderation, free speech, privacy?
• Safe-guarding – This was in the news earlier this year with disturbing stories of children’s avatars being abused by rogue participants. But it’s not just users that need protecting. How do brands/IPs protect their values and prevent fake versions appearing in the Metaverse? And the pitfalls of decentralised finance have also been much in the news, including the recent hacking of BPYC’s official Instagram account which led to NFT collectibles worth US$ millions being stolen. Who protects you when there is no middleman involved?
Where are we now? So as an industry, where are we currently? While the majority of LBE operators are currently preoccupied with more immediate challenges (recovery from the pandemic, war in Ukraine and impacts of both on the global economy), some operators are starting to dip their toes into the Metaverse. Not surprisingly, this is being led by major content owners, for whom LBEs are just part of their business model and who have deep enough pockets to fund R&D.
In April Disney launched Galactic Star Cruiser, an immersive two-night stay costing US$6,000 for a family of four, which is described as taking immersion to a new level. The decisions each guest makes impacts their pathway through the experience and their outcome, and the experience is created using a mixture of physical and digital techniques. Is this the Metaverse? I am not sure, but maybe a step towards it?
Smaller visitor attractions, or those with more modest budgets, are testing the water through partnerships with organisations which can support them on technology and implementation. The British Museum, alongside other art galleries and museums, is working the LaCollection platform, selling 200 Hokusai NFT artworks, to coincide with their exhibition Hokusai, The Great Picture Book of Everything.
And, the Smithsonian recently ran a temporary Moonwalk Experience using VR glasses at their Arts + Industries Building FUTURES exhibition. Developed with support from Meta, the experience is described as letting visitors walk in the Apollo astronaut’s shoes.
Conversely, brands created in the Metaverse are starting to test their popularity in the physical world, for example, BAYC recently launched a branded pop-up burger restaurant in Los Angeles, which has been so well received that they are thinking of making it permanent.
Our session at SATE certainly sparked debate, including, for some, the desire for physical experiences to offer device-free family time as an antidote to the online world that many children increasingly live within. Whatever your stance, the Metaverse is evolving and I for one plan to continue to monitor it to identify opportunities for the LBE industry, and experiences in general.
Photo: Credit Andrea Horth
Lesley Morisetti
Read more from this issue of Attractions Management magazine
View contents of Attractions Management 2022 issue 2
Editor's letter: Open for all
We must listen to the communities we’re trying to serve if we’re going to make attractions inclusive for everyone, says Magali Robathan
Interview: Chris Mather
As the Gretna Green Experience opens in Scotland, Mather & Co’s CEO shares the highs and lows of almost three decades in exhibition design
Waterparks: Down to earth
The world’s first ‘living waterslides’, a hydroponic farm, rooftop beehives and more than 1,500 trees – all part of the Therme Manchester next generation waterpark’s aims to be as green as possible
Museums: Gardens of the future
Dubai’s new Museum of the Future has opened with a bang. We look at how the innovative landscaping aims to support the museum’s message
Technology: A whole new world
The metaverse is coming, and the attractions industry needs to pay attention. Lesley Morisetti explores the challenges and opportunities
Immersive art: In the picture
Van Gogh: The Immersive Experience is part of a massive trend promising to offer new perspectives on art and artists
Awards: Museums & Heritage Awards
As the Oscars of the museum world celebrate the best, brightest and most creative, we take a look at this year’s winners
Tourism: The winds of change
Attractions providers not willing to take risks and get truly creative will get left behind, says Dr Terry Stevens. Here’s how to stay ahead of the curve
Research: A sustainable future
Research shows that consumers want attractions to get greener, faster, and they’re actively pushing for change. BVA BDRC’s Jon Young talks us through the numbers
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers
confirming the six-million-square-metre site will become a Global Village after the event closes.
The owner of one of Australia's best-known waterparks has acquired a major competitor,
creating a new attractions business spanning two of the country's largest visitor destinations.
The Toverland theme park in the Netherlands has announced a €98m expansion programme
that will add a resort, new attractions and staff facilities as it pursues plans to become a multi-
day destination.
Hotel de France, located on the British Isle of Jersey, has created a wellness retreat package
that includes a hot yoga session that will take place in Jersey Zoo’s butterfly sanctuary.
A new immersive attraction designed to transport visitors into the final hours of ancient Pompeii
is preparing to open near the world-famous archaeological site in southern Italy.
Experience design company, BRC Imagination Arts, has completed a transition that sees founder
Bob Rogers pass ownership of the business to four long-serving senior executives, while
remaining actively involved with the company.
Movie Park Germany has opened a new Paramount Pictures-themed attraction as part of its 30th
anniversary celebrations, using immersive storytelling and adaptive reuse to reinforce the park’s
longstanding “Hollywood in Germany” positioning.
Therme Manchester’s 28-acre development, which will include interconnected glass pavilions
that measure 65,000sq m, will be the largest bathing and wellbeing attraction in the world once
complete, according to prof David Russell, CEO of Therme UK.
Efteling has opened Hooghmoed, a new family drop tower designed to broaden the appeal of its
recently launched Sirene Island themed area and introduce younger visitors to thrill attractions.
A proposed Puy du Fou development near Bicester and Universal Destinations and Experiences’
planned resort in Bedford are emerging as part of a wider transformation of the Oxford–
Cambridge Growth Corridor into a major centre for UK leisure and tourism inv
