Kids Insights

WHAT DOES THE METAVERSE MEAN FOR BRANDS?

Share on twitter
Twitter
Share on linkedin
LinkedIn

Our latest research published in C21 looks at the ever growing metaverse and what it means for brands looking to engage with younger audiences.

Kids time spent digitally consuming content has led to the introduction of the metaverse. Derived from ‘meta’ meaning beyond and ‘universe’, metaverse is billed as the next phase of how we use and interact with the internet. Metaverse is a shared virtual space that is always open, with its own activities, such as shopping and entertainment built in. It has been created by combining the virtual world with augmented reality and the Internet.

Over the last two years, the most popular video games are ones that hold some characteristics of this – enabling kids to play, explore and create in open worlds. Minecraft, the most popular console game with kids aged 6-12 (ranked 1st), Fortnite (2nd) and Roblox (7th) have led this charge over the last three years with their open social worlds.

Kids don’t want passive experiences, they want to co-create and interact with their media. Open world games which provide the player a significant amount of freedom to act, seek to engage their audience more than a linear set of instructions. Virtual spaces that allow users this amount of freedom then have the potential to develop into something more than their initial use – Fortnite’s rapid growth is a testament to this.

What started as a gaming experience has evolved into a media platform, which is capable of hosting immersive virtual shows from artists at the top of the music charts. Kids who play the game over index for listening to music through streaming services, a characteristic of a digitally native generation, who seek experiences in the virtual world.

Lockdown has accelerated this trend out of necessity, with kids hosting birthday parties in Minecraft and attending movie nights and concerts in Fortnite. As events were forcibly cancelled, schedules altered and nations around the globe having to stay indoors, industries have started to adapt to the necessity of engaging the metaverse.

Rapper Travis Scott’s virtual concert in Fortnite broke the world record for the most concurrent players in a video game (12m+). New open world games, such as Animal Crossing: New Horizons, have exploded in popularity, by 700% – according to Kids Insights data – since March. The game focusses predominantly on customisation, self-expression and creativity, and brands have taken the initiative to put their stamp within the game in order to raise awareness.

Valentino recreated some of its clothes as downloadable in-game pieces for users to customise their characters with, while KFC set up a virtual island, which players could travel to. There has also been an emerging trend of schools utilising platforms such as Minecraft and Roblox for education purposes. During the pandemic, schools sought out learning solutions on virtual platforms their students were already familiar with, so once again, increasing and diversifying their use. The platforms that can adapt to various uses, whether it be education or entertainment, will be the most established and successful in years to come.

What does this mean for brands? Although a fully realised metaverse in virtual reality may be a little while off, IP owners and tech platforms are already partnering up and shaping the future. Warner Bros are one of the latest companies to collaborate with Fortnite by screening its movies in game, while Disney has partnered with both Roblox and Fortnite in the past. There are a growing number of exciting opportunities for brands to collaborate, integrate their content and think outside the box when it comes to the metaverse.

However, brand activations need to be natural, not intrusive and add value to the community. There has been an inherent growth of mistrust in advertising among kids, who want to be engaged with content, which organically connects with them, as opposed to being explicitly sold to. Opportunities for collaboration and partnerships have already begun to pave the way for the modern marketing environment, and that trend will surely continue based on its recent success.

For brands looking to connect with a particular target audience, aligning with a brand with significant demographic similarity allows for more potential to create advocacy among fans and non-fans alike.

With the metaverse taking up so much of kids’ time, the challenges for brands and agencies are increasing. How far are we from seeing kids using Roblox and Minecraft currencies to buy McDonald’s happy meals? We are seeing new ways of reaching and engaging with this highly influential audience of kids. Get in touch for us to show you how it can be done.

Our research and strategy team works with clients from across the sector, using data from surveying 277,000 kids across the globe. We provide insight to help clients develop their advertising, content, licensing, marketing, product and sales strategies.

With the speed of change ever increasing, why not download the inaugural Trends Across the Planet report, which identifies some of the key trends in the kids, tweens and teens marketplace at: please visit: www.kidsinsights.com/tap

Leave a Comment

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy