What is Metaverse as a Service (MaaS)?

As opposed to outright sales, the subscription-based software model known as Software as a Service (SaaS) enables consumers to access software platforms through monthly or yearly subscriptions. The term was first used in a USPTO file in 1985, and it became well-known throughout the cloud computing era. The ‘as-a-service’ model is now widely used, giving users flexibility and vendors a consistent stream of revenue. The same approach might emerge with the possible development of the Metaverse, giving rise to Metaverse-as-a-Service (MaaS). This might make it possible for businesses to subscribe to and use Metaverse services and applications, which would promote the ecosystem’s expansion and accessibility. Click the link https://immediate-definity-360.io/ to register on Immediate Definity 360 and get started with crypto trading. Try now!

What is MaaS?

A business solution known as “metaverse-as-a-service” (MaaS) enables organizations to create and improve their presence within a 3D virtual space. It supports a wide range of applications, such as collaboration, investments, business processes, bitcoin use, and other relevant use cases. MaaS focuses on exploiting existing Metaverse infrastructure, similar to the Software-as-a-Service (SaaS) model, as opposed to developing independent Metaverse platforms to compete with current ones like Decentraland or Roblox.

Although MaaS is still in its segment, a number of providers have begun to make strides in this field, giving companies an opportunity to benefit from the Metaverse without having to build and maintain their own independent virtual world. Companies can investigate and participate in the expanding Metaverse ecosystem and harness its potential for a variety of applications and experiences by utilizing MaaS solutions.

Propel MaaS

With a focus on the Metaverse, Propel is a blockchain platform that provides plug-and-play infrastructure technologies. Propel intends to offer Metaverse-as-a-Service (MaaS) solutions for NFT utilities, smart contracts, and decentralized finance (DeFi), though specifics have not yet been made public. The platform will enable businesses to create applications based on well-known blockchain protocols including Ethereum, Binance Smart Chain (BSC), and Polkadot, through end-to-end tech stacks.

MetaVerseBooks

The Metaverse-as-a-Service (MaaS) company MetaVerseBooks provides solutions for managing decentralized applications (dApps), NFTs, and developing virtual reality (VR) worlds. Businesses can use the solution to improve their visibility on devices powered by iOS, Android, and Unity VR environments, as well as Microsoft’s XBOX Metaverse. The platform’s main offering makes it easier for businesses to manage NFT buyers and related metadata. With the Starter edition of the MaaS product, available for $10,000 USD, organizations could explore and take advantage of the Metaverse’s possibilities without breaking the bank.

Touchcast

At CES 2022, Touchcast, a provider of 3D and VR events, introduced its Metaverse-as-a-Service (MaaS) offering, which includes the launch of MCity, using Microsoft Azure Cloud. Organizations can access a secure VR space to set up metaverse campuses by registering the metaverse domain. Businesses can promote collaboration, host events, open VR stores, hold learning sessions, and use virtual real estate inside the Metaverse to propel business growth, showcasing the variety of MaaS’s potential applications for increasing virtual experiences and business occasions.

Pros and Cons of Metaverse as a Service

Using Metaverse as a Service (MaaS) offers several advantages:

• Accessibility: Even if they lack robust digital expertise, medium-sized and smaller businesses can participate in the Metaverse economy sans making substantial capital investments.
• Risk Mitigation: MaaS enables organizations to experiment with new technology with less risk. It enables businesses to investigate the Metaverse’s potential without committing to significant investments.
• Standardization Potential: As MaaS providers expand, they may promote standardization in the Metaverse platform by serving as brokers for the construction of infrastructure.

However, there could be drawbacks. Vendor lock-in may prevent organizations from migrating investments to alternative platforms without having the necessary digital skills. Despite that concern, vendor lock-in is still years away from maturity, and MaaS now offers a promising alternative for businesses wishing to enter the Metaverse and take advantage of its potential.