Ernst & Young will prepare clients for the metaverse and Web3 with virtual experiences

The metaverse becomes clearly corporate. Ernst & Young said it will provide EY Wavespace experiences in the Metaverse to help customers prepare for Web3 and the Metaverse.

EY wavespace is a global network that gives clients the power to bring teams together regardless of their location. Ernst & Young will expand the network’s ability to help clients innovate together and quickly address business challenges.

Ernst & Young’s US office has also established a Metaverse Lab where technologists create custom Metaverse environments for various use cases.

Together, EY wavespace and the EY metaverse lab guide clients through immersive digital experiences to help them anticipate new business models and transition to a decentralized economy emerging from Web3-based applications and platforms. EY typically does this during major technology transitions, and this move means it sees the potential of Web3 and the Metaverse to transform the business.

With its blockchain capabilities – which it says is one of the fundamental characteristics of the future of the internet – and these metaverse capabilities, EY teams advise clients on implementing robust strategies that embrace new business models, technology interoperability, new transaction platforms, improved customer and community experiences and risk mitigation – including tax, legal and regulatory aspects
considerations.

“The EY organization operates at the intersection of business and technology,” said Jay Nibbe, EY’s global vice president of markets, in a statement. “EY teams are committed to helping companies understand what the Metaverse means to them and how to strategically adapt new business models for the transition to a decentralized economy.”

EY wavespace brings business, design and technology together and helps companies to support transformations, drive innovation and achieve measurable results. In short, EY wavespace helps customers get better answers, faster. Clients can leverage EY Wavespace experiences at their preferred dimension—whether in-person, virtual, hybrid, or now in the metaverse—to orchestrate the ecosystem of EY skills and assets to create business value through personal connections and deeper collaboration .

The Metaverse capabilities allow clients to make rapid transitions from imagination to reality, clarify their appetite for risk versus reward, and begin building the infrastructure that supports their operations in new and evolving digital environments.

In EY Wavespace, the experiences shared in the Metaverse allow clients to put themselves in their customers’ shoes, expand their thinking with new insights at virtual trade shows, and even create working prototypes of the futures they envision.

EY Metaverse Lab

The team of high caliber technologists at the EY Metaverse Lab have skills in niche and high-demand areas such as 3D design, web animation, game development, art direction and human experience design.

These creative technologists integrate these skills with deep knowledge and experience in artificial intelligence (AI), Internet of Things (IoT) and digital twin robotics to create augmented reality environments that address the social and business needs of any industry or industry worldwide able to fulfill.

The solutions developed in EY’s Metaverse lab include functions for all platforms – web, augmented reality (AR), virtual reality (VR) and mixed reality (MR) – and are adapted according to industry and customer.

For example, solutions for industrial customers include features such as virtual supply chains and smart factories. With this industry-leading experience, EY’s teams help clients de-risk their technology investments and stay ahead of the competition.