VR Education Holdings PLC (LON:VRE) is to develop what it calls a “corporate metaverse” in which clients can sell products and services directly to each other.
The virtual reality (VR) specialist said the project was inspired by the VR simulation known as OASIS in the book, “Ready Player One”.
The technology outfit said the metaverse is the next evolution of the group's proprietary VR software platform, ENGAGE. The project, called "ENGAGE Oasis", is scheduled to go live in the first half of next year.
I wish the Oasis from Ready Player One was real so I could hang out with my mutuals
— TS Tink????♀️ (@tamsincleary) June 20, 2021
Designed for business professionals, corporations, young professionals, and college students, it is best seen as a cloud-based digital city where actual business can be done, VR Education said.
Employees from the world's largest corporations can connect with each other to generate new business ideas and deliver value to their respective organisations. ENGAGE Oasis aims to be an opportunity for corporate users to expand their customer base and provide immersive services at a reasonable price.
"If Rec Room and Roblox are the TikTok and Twitch of the metaverse, we want ENGAGE Oasis to be the LinkedIn of the metaverse,” said David Whelan, the chief executive officer of VR Education.
“We think that young professionals, corporations, digital artists, and service providers will love all the opportunities being part of the metaverse will lead to. With the pandemic and climate change causing businesses to rethink how they interact externally and internally, the virtual world provided by ENGAGE Oasis has the potential for exponential growth. ENGAGE is already a leader in the world of virtual communications, and our growing client base and proven technology underlines our belief that we can become the leader in the corporate metaverse,” he added.
Shares in VR Education were up 5.6% at 17.25p in mid-morning trading.