IDEAS home Printed from https://ideas.repec.org/a/eee/techno/v143y2025ics0166497225000574.html
   My bibliography  Save this article

Business model innovation in the age of metaverse

Author

Listed:
  • Liu, Zhiyang
  • Liu, Jianyi
  • Zhao, Chenfang
  • Qiu, Zhenyu

Abstract

The rapid evolution of the metaverse is transforming economic landscapes and introducing a toolbox for business model innovation (BMI)—a topic that has yet to gain substantial academic focus. Adopting a conceptual development approach, we propose that metaverse business model innovation (MBMI) refers to one in which natural human beings, virtual digital humans, and physically simulated robotics configure decentralized material and virtual resources and conduct scenario-based value-creation activities in a fusion world. Unlike traditional and digital BMI, the metaverse has transformed two broad implications—the amorphous nature of metaspace subjects (actors) and the fusion of virtual and reality (resources and contexts). We categorize the MBMI based on the combination of focal context and focal actors into four types: digital twin interaction, duplicate interaction, mirroring interaction, and immersive interaction models. Each model requires organizations to develop specific capabilities for configuring resources to respond to the dynamic environment. We further illustrate that the digital twin interaction model employs realistic simulation; the duplicate interaction model leverages virtual consumption; the mirroring interaction model benefits from virtual sensemaking; and the immersive interaction model utilizes embodied experience to respond to the dynamic environment. This work lays a foundation for future work in MBMI.

Suggested Citation

  • Liu, Zhiyang & Liu, Jianyi & Zhao, Chenfang & Qiu, Zhenyu, 2025. "Business model innovation in the age of metaverse," Technovation, Elsevier, vol. 143(C).
  • Handle: RePEc:eee:techno:v:143:y:2025:i:c:s0166497225000574
    DOI: 10.1016/j.technovation.2025.103225
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0166497225000574
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.technovation.2025.103225?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:eee:techno:v:143:y:2025:i:c:s0166497225000574. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/01664972 .

    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.