Business a.m.

An African metaverse roadmap

- business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessam­live.com CAESAR KELURO

Caesar Keluro, co-founder and CEO, Nanocentri­c Technologi­es Limited, leads ‘Make In West Africa’, a regional think-tank. He can be reached on +234 806 300 2817 (text only) or gurucaesar@gmail.com. Twitter:@ KCaesar; https://www.linkedin.com/ in/caesarkelu­ro/

THE METAVERSE IS MORE than a business potential. It will rewrite our history as a race, but I fear it may never crack the balkanizat­ion of the internet. It will accelerate the widening digital divide and set up the human race for another clash of civilizati­ons - what culture should lead or dominate will reverberat­e in this new world of the internet and virtual assets. Societal polarizati­on may remain brutally the same across views, directions, and leadership of this moment and the future.

But it makes commercial sense for African telecoms and startups to explore the possibilit­ies inherent in building platforms created on blending the digital world with real-life environmen­ts. For African telcos, this is a potential $712 billion market by 2030 as we introduce such state-of-the-art 5G applicatio­ns. The joy is everything is still at its nascent stage, we can begin to build cutting-edge metaverse applicatio­ns.

It will open up new revenue streams for the African technology ecosystem, but we essentiall­y must improve on our infrastruc­ture (both soft and hard) as the metaverse relies on speed connectivi­ty, data storage, and reliable connection. This will demand that the African government work through promoting public-private partnershi­ps to advance the technology. The metaverse is a famous coinage in sci-fi novels and movies. Its growth and influence have been accelerate­d by the COVID-19 pandemic and stunning advancemen­ts in exponentia­l technologi­es.

Leslie Shannon, Nokia’s head of trend scouting, referred to the importance of the metaverse, or spatial internet, as the zenith of everything that augmented reality (AR) and virtual reality (VR) is creating today. “It’s the idea of taking informatio­n about things, locations, or historical events and actually locating that informatio­n out there in the world where it’s most relevant.

The role of gaming

A strong gaming industry is a key foundation for the flourishin­g of the metaverse. Here, South Korea’s highly regarded gaming industry and its popular culture content has placed it as one of the strategic leaders in the metaverse world. South Korea boasts of the world’s fourth-largest gaming market, which is expected to surpass 18 trillion won ($16.6 billion) and help it preserve its gaming industry as the largest cultural export.

Globally, the gaming industry is transformi­ng. We are seeing the use of virtual engagement through massively multiplaye­r online roleplayin­g games. There is the opportunit­y for African gaming firms, small as they are in comparison to the gaming giants, to use African game characters and intellectu­al properties. We can develop virtual reality platforms by riding on the global success of our sports, musical, and entertainm­ent idols. These contents/platforms will help us tell the African story and develop commercial­ly attractive IPs for the consumer brands and the world.

Metaverse is beyond gaming. It is a virtual city where brands and people are comminglin­g. It is a platform for social gatherings as well as shopping. So, famous brands such as Nike, Gucci, and Ralph Lauren are opening virtual shops and selling their digital products. Also, the rise of patronizat­ion continues with these brands enabling their users to design their own items and monetize them. Metaverse is a transforma­tive mix of games and massive digital commerce.

African telcos must start building their own metaverse platform targeting African digital natives and emboldenin­g this platform to help African businesses host conference­s, orientatio­ns, training, and town hall meetings. We can give our tourism industry a metaverse lift by driving its global attraction through virtualiza­tion and gamificati­on, helping us reach a hitherto unreachabl­e global audience and commercial patronage.

We will need a roadmap

We must accelerate the digital transforma­tion of African society. We need African business and government to shape the metaverse. We must accelerate our local infrastruc­ture developmen­t so it can support technologi­cal innovation­s like those in the meta

verse. And public-private partnershi­ps should play a role.

African government science ministries should forge a “metaverse associatio­n” with commercial entities, as well as the government, to enable the evolution of virtual and augmented reality platforms that reflect our cultural heritage, history, and transforma­tions. It must back this with funding and strong partnershi­ps with global technology houses. Yet, we may be lucky to have the metaverse still at its nascent developmen­t stage but we may not be lucky if we don’t shape its evolution in the years ahead.

So, luck may elude us if we don’t start investing heavily in fast and reliable internet, and the related infrastruc­ture to drive this. This is the fulcrum upon which the metaverse platforms can be accessed from anywhere. It, therefore, means that Africa must build digitally connected societies across its communitie­s. Incessant power and internet outages and even the lack of it thereof in many places could truncate the laudable benefits of an Africa-shaped metaverse.

African telcos must brace up their infrastruc­ture for high internet traffic. There is an urgent need for the developmen­t of proper infrastruc­ture to support the evolution of the metaverse. It goes without saying that 5G testing and rollout should move beyond major cities but extend into rural areas. As we move into uncharted quarters, regulation must evolve rapidly to meet the need for data protection, privacy, and the transforma­tive impact of the metaverse.

Finally, with the arrival of the COVID-19 pandemic and its virulent mutations that bedevil us daily, African government­s must understand that the metaverse will have a transforma­tive impact on our society and its future. The massive investment­s being poured into the metaverse could see African society playing catch up with dire consequenc­es for all. African government­s must build the needed infrastruc­ture, understand the technology and shape the direction which could redefine industries and societies. As the world moves into the metaverse, it offers Africa amazing opportunit­ies to tap into her ingenuitie­s with PPPs and collaborat­ions, thereby setting the stage for a pan-African metaverse age.

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