SANDBOX 

The Sandbox is a virtual world on the Ethereum blockchain where players can create, own, and monetize their gaming experiences.

The Sandbox is best known for its two smash mobile hits, The Sandbox (2011) and The Sandbox Evolution (2016), which together have received over 40 million downloads on iOS and Android.

In The Sandbox metaverse, a LAND is a digital piece of real estate that players can purchase in order to create interactive experiences. You can populate a LAND with Games and Assets once you own it. Each LAND is a one-of-a-kind (non-fungible) token that exists on the public Ethereum blockchain (ERC-721).

SAND is an Ethereum-based ERC-20 utility token that will soon be used to carry out transactions within The Sandbox.

How do creators generate Revenue?

•  Create Voxel Assets: Create ASSETS in Voxedit, then import and sell them as NFTs on the Marketplace.
• Building games with Game Maker: Using your LANDS, create and monetize games and interactive experiences with the Game Maker.
• To own a LAND: During one of our LAND Sales, you can purchase a block of land. Increase their value by renting them or filling them with content.

GUCCI AND ROBLOX

The Gucci Garden Archetypes installation, a physical recreation of 15 of Gucci’s most fantastical advertising campaign sets, debuted in the brand’s Florence palazzo. Now there’s a new garden, one that’s open to the world and doesn’t care about time zones. Here’s a fantastical virtual Gucci Garden to wander through, immersing you in creative director Alessandro Michele’s everything-goes universe.

The Gucci Garden will debut on Roblox on May 17th, a popular gaming platform for pre-teens that is quickly growing into a major metaverse platform for everyone. The Gucci Garden on Roblox, like the real-life version, features multiple themed rooms that pay homage to Gucci campaigns while also adding features that aren’t constrained by physics.

Roblox wants users to put as much effort into their avatars as they do in real life by investing in them. People can mingle with others exploring the space and purchase digital pieces created in collaboration with Roblox in the Roblox Gucci Garden. The clothes are designed to be collectables and can be worn in other Roblox experiences.

BENETTON

United colors of Benetton opens its store in metaverse. Visitors will not be able to purchase clothing, but they will be able to collect QR codes through various gaming experiences. These QR codes can be used in Benetton’s physical stores to make purchases. “By doing so, the brand establishes an additional point of contact with the customer, bolstering the omnichannel strategy.

The goal is to create a three-dimensional link between the present and the future, the real and the virtual, through an immersive brand experience that speaks to young people’s language.

SELFRIDGES

 JP MORGAN

The metaverse, according to JP Morgan’s report, provides opportunities to:

1. Transact – US$54 billion is spent on virtual goods each year, nearly double the amount spent on music.
2. Roblox is used to send approximately US$60 billion in messages per day.
3. Create – In 2021, Second Life’s GDP was around US$650 million, with nearly US$80 million paid to creators.
4. Own – NFTs have a market capitalization of $41 billion dollars.
5. Experience – The Sandbox has formed 200 strategic partnerships to date, including one with Warner Music Group to launch a virtual world themed around music.

It was the first bank that was launched in the metaverse. The bank’s Onyx lounge, which is named after the bank’s suite of  Ethereum-based services, allows institutions and businesses to access the metaverse.

A tiger roams the first floor of the Onyx Lounge, which is located in Metaiuku, a virtual version of Tokyo’s Harajuku shopping district, while a person’s avatar can watch experts discuss the crypto market on the second floor, which is overseen by a portrait of the bank’s CEO Jamie Dimon.

AMAZON

Amazon took unboxing to metaverse with the OnePlus 10 Pro. As we all know unboxing a phone is like an industrial ritual and taking unboxing to the metaverse amazon is giving it a fresh new twist. The unboxing took place in Decentraland where users could experience the remarkable new features in the virtual world. 

MARRIAGE IN METAVERSE ?

META ECONOMY

More people are entering the meta-economy as a result of supply and demand dynamics. This, in turn, will necessitate the acquisition of new skills and the creation of new revenue streams. After all, people will be required to create and develop the products that are consumed in the virtual world, presenting enormous opportunities for the creator economy.

The advent of Web 3.0 has ushered in the ownership of the economy. You can purchase an original piece of art tokenized as a digital asset to personalise a virtual home. You can even own the land on which the house is constructed. Platforms based on Ethereum, such as Decentraland, are already selling virtual plots that people can develop. The market for virtual real estate is expanding. 

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MARKETING STRATEGIES IN METAVERSE

AVATAR MODELS 

Influencer marketing in the metaverse is important for engaging consumers in metacommunities because it is purpose-driven and community-led.

NFTs, DIGITAL GOODS & COLLECTIBLES

The metaverse and NFTs are intertwined. Users can use blockchain-backed NFTs to showcase and trade digital forms of art and property in the metaverse, making it a new marketing dimension for brands to develop their digital assets.

ADDITIONAL LINKS 

https://hbr.org/2022/01/how-brands-can-enter-the-metaverse

https://www.jpmorgan.com/content/dam/jpm/treasury-services/documents/opportunities-in-the-metaverse.pdf

https://www.bloomberg.com/professional/blog/metaverse-may-be-800-billion-market-next-tech-platform/

https://medium.com/sandbox-game/what-is-the-sandbox-850de68d893e

https://www.vice.com/en/article/93bmyv/what-is-the-metaverse-internet-technology-vr

The social media audit for the SAGG foundation above shows the activities and insights on different social media channels and their engagement rate for the same. As seen they are connected with their audiences on all the social media platforms. They have the highest number of followers on Facebook with 3000 followers followed by 1661 on Instagram, 175 on Twitter and 533 on Linked In. On an average 1 post is re-tweeted and has good views on Facebook. Visual content in the form of images, videos, reels and infographics which are published on a frequency of 2-3 days a week. Its purpose is to educate and raise awareness on the importance of the education of Gambian girls and also to increase engagement rate on all their social media platforms.

However, it is clear that the highest engagement rate is on Facebook which is the KPI for the organisation in terms of its key metrics performance indicator. Suggestions on how to improve their social media platforms would be provided in the recommendations at the end.

Above is the social media audit report of the competitor thats is CAMFED who is also providing girls with education and has far more reach to the consumers on its social media platforms and has a higher engagement rate on its social media platforms in the form of likes, shares, comments and views. It has the highest number of followers on Facebook which is 30k followed by 15k on Instagram, 24.9k on Twitter and 13k on Linked In.It produces visual content in the form of photos, videos and infographics and has a higher engagement rate as they have 150-200 likes on average with 10-15 comments on average and 10 re-tweets which shows more user engagement with the organisation in respect to the above stated organisation. Its purpose is to educate and raise awareness on the importance of girls education and to create more user engagement. It also uses proper CTAs and as compared to SaGG Foundation it has high number of user engagement on all its platforms.

Above is the Consumer Persona for SaGG Foundation provided on the basis of the report given by the Founder of the SaGG Foundation. Meet Olivia Wilson whose 29 years old and is an influencer residing in London, United Kingdom. She is an influencer whose goal is to create awareness and help charities for girls education in any ways possible, she also wants to eliminate gender discrimination and abuse towards the girls. Consumer research which means gathering data scientifically based on the audience data which was conducted based on the insights from all the social media habits the consumer tends to interact more during festivals and commenting by wishing. As seen there are not much number of comments but there are a substantial number of shares and re-tweets. Consumers are not commenting and liking the post so much mainly because there is lack of CTAs which can be improved. 

Content metrics above are generated through Instagram and Facebook audience report with 72.9% women on Instagram between the age group 25-30 years and 52.3% men on Facebook between the age group of 34-44 with top cities and countries stated above. These are the target audience that SaGG Foundation should focus on. 

Above is the social media audit on the basis of company, competitors and consumers which was done by analysing all the social media channels. Read more to know about what people are talking about when it comes to girls education below. 

Some important things that people are talking about in girls’ education are:

What girl child education is? Why female education is important? What is girls’ education in Nigeria? Why girl need education?

The successful industry trends are storytelling for real-life videos educating people about why girls’ education is important and all other questions that we know people are talking about in the above figure and how you can change the lives of girls by donating or sponsoring. Collaborations through Instagram by influencers are the best way to create awareness as they have a good reach of audience and adding hyperlinks to increase shares and re-tweets can also create brand awareness. 

Social media goals and recommendations 

1. Launch a hashtag campaign-  Hashtags work as CTA for your brand and create awareness regardless of location and size. Launching a campaign with hashtags can make content easily accessible and coming up without searching for the charity specifically. 
2. Increase engagement on all social media platforms:  

• Instagram: Instagram stories are the best way to have conversations with your audience. Create memes that will include the number of shares for your brand. Most important is to include CTAs in all your post captions.
• Facebook: To make a weekly calendar using platforms like Hootsuite and Facebook scheduling tools to post on the perfect timings that are when your audience is most active. Always have new content and avoid repetitive content. Lastly, don’t forget to include CTAs.  
• Twitter- Using more visual content like GIFs, memes, high-quality images and videos will increase engagement. Always interact with your customer’s tweets and never forget to re-tweet. 
• Linked In- Increasing your network is very important on Linked In. Create more number of posts. 

3.  As said above one of the industry trends is collaborations. Using Influencers who can promote your charity will lead to more engagement on your page and help create awareness for your charity. 

4. Always follow the ongoing trends on different platforms and always have your calendar ready as to what is the next thing that people are celebrating like women’s day etc. Tik-Tok is the most trending platform and SaGG Foundation must come up with a Tik-Tok platform that will lead to brand awareness. 

5. Use the SMART framework which will set objectives for business in terms of what should be accomplished? how will you measure your goal? Is the goal achievable and relevant in terms of your results? In how much time do you expect to achieve this? SaGG Foundation can achieve its goals by using a smart framework with the goals and targeting the right audience as stated above. 

6.  Amplify the cause as one of the voices for girls education in Gambia. Educate people more about why they should donate and sponsor and also about what is happening in Gambia. 

REFERENCES 

Gattiker, U. (2014). Social media audits. Oxford: Chandos Publishing.

Newberry, C. (2021). What is Social Listening, Why it Matters, and 10 Tools to Make it Easier. Social Media Marketing & Management Dashboard. Available from https://blog.hootsuite.com/social-listening-business/ [Accessed 28 March 2022].

https://www.ucop.edu/local-human-resources/_files/performance-appraisal/How%20to%20write%20SMART%20Goals%20v2.pdf

https://www.sciencedirect.com/topics/computer-science/customer-persona