In an interview with Coingraph, MetaMinds Group CEO explained the reasons behind the failure of many metaverse projects. According to him, metaverse projects require a long-term strategy as the space is still characterized by fragmentation.
He suggests that for metaverse projects to be viable, the industry should focus on the user experience by addressing the two key aspects of accessibility and interoperability. The suitable business model would need to align metaverse products with the needs of the users, clients and the market. This would include safe and secure digital identities and a blockchain-based network.
