IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i8p3134-d1372737.html
   My bibliography  Save this article

Preliminary Research Results on Exploring the Business Ecosystem and the Value Sources of Metaverse

Author

Listed:
  • Elli Kontogianni

    (Department of Business Administration, University of Thessaly, Geopolis Campus, Larissa Ringroad, 41500 Larissa, Thessaly, Greece)

  • Leonidas Anthopoulos

    (Department of Business Administration, University of Thessaly, Geopolis Campus, Larissa Ringroad, 41500 Larissa, Thessaly, Greece)

Abstract

Metaverse has become an emerging trend for both academia and industry, and it seems to concern the next generation of the Internet. Although it is still in its grassroots, metaverse is estimated to bring disruption to people’s lives. One of the effects concerns the generation of new value opportunities that don’t exist in real life. These new types of value as well as their impact on people’s lives must be explored. In this respect, this paper utilizes literature evidence to define the value types of metaverse, which are circulated with experts from the focus group on metaverse of the International Telecommunications Union. Results uncover economic, public, and social values that metaverse generates, which can ensure its financial viability and the community’s social sustainability. The economic value sources come from both the industrial and the commercial sectors, while the public values concern citizen empowerment and government efficiency. The social values of metaverse concern employment growth, and the provision of immersive experiences in entertainment and education environments. Finally, this paper critically reviews their role for environmental, economic, and social sustainability. The literature review indicated that metaverse can on the one hand, enhance sustainability but on the other hand, it can cause environmental impact.

Suggested Citation

  • Elli Kontogianni & Leonidas Anthopoulos, 2024. "Preliminary Research Results on Exploring the Business Ecosystem and the Value Sources of Metaverse," Sustainability, MDPI, vol. 16(8), pages 1-19, April.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:8:p:3134-:d:1372737
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/8/3134/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/8/3134/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pietro De Giovanni, 2023. "Sustainability of the Metaverse: A Transition to Industry 5.0," Sustainability, MDPI, vol. 15(7), pages 1-29, March.
    2. Colin Talbot, 2011. "Paradoxes and prospects of ‘public value’," Public Money & Management, Taylor & Francis Journals, vol. 31(1), pages 27-34, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shekhar Rathor & Mingyu Zhang & Taehoon Im, 2023. "Web 3.0 and Sustainability: Challenges and Research Opportunities," Sustainability, MDPI, vol. 15(20), pages 1-17, October.
    2. Mohammad (Behdad) Jamshidi & Arash Dehghaniyan Serej & Alireza Jamshidi & Omid Moztarzadeh, 2023. "The Meta-Metaverse: Ideation and Future Directions," Future Internet, MDPI, vol. 15(8), pages 1-31, July.
    3. Amjad Almusaed & Ibrahim Yitmen & Asaad Almssad, 2023. "Reviewing and Integrating AEC Practices into Industry 6.0: Strategies for Smart and Sustainable Future-Built Environments," Sustainability, MDPI, vol. 15(18), pages 1-27, September.
    4. Zhong, Ziqi & Zhao, Elena Yifei, 2024. "Collaborative driving mode of sustainable marketing and supply chain management supported by metaverse technology," LSE Research Online Documents on Economics 121160, London School of Economics and Political Science, LSE Library.
    5. Zimmermann, Verena & Felscher-Suhr, Ute & Vogt, Joachim, 2018. "Public perceptions of Frankfurt Airport's value - A survey approach," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 46-54.
    6. Eduardo Augusto Machado & Luiz Felipe Scavarda & Rodrigo Goyannes Gusmão Caiado & Renan Silva Santos, 2024. "Industry 4.0 and Sustainability Integration in the Supply Chains of Micro, Small, and Medium Enterprises through People, Process, and Technology within the Triple Bottom Line Perspective," Sustainability, MDPI, vol. 16(3), pages 1-26, January.
    7. Ștefan Vlăduțescu & Georgiana Camelia Stănescu, 2023. "Environmental Sustainability of Metaverse: Perspectives from Romanian Developers," Sustainability, MDPI, vol. 15(15), pages 1-20, July.
    8. Enrico Deidda Gagliardo & Michele Bigoni & Luca Papi & Giorgia Gobbo, 2019. "La programmazione dei Ministeri nella nuova stagione della performance. Dalla burocrazia della performance alla performance utile," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1), pages 169-189.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:8:p:3134-:d:1372737. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.