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Metaverse marketing: How the metaverse will shape the future of consumer research and practice

  • Yogesh K. Dwivedi
  • , Laurie Hughes*
  • , Yichuan Wang
  • , Ali A. Alalwan
  • , Sun J. Ahn
  • , Janarthanan Balakrishnan
  • , Sergio Barta
  • , Russell Belk
  • , Dimitrios Buhalis
  • , Vincent Dutot
  • , Reto Felix
  • , Raffaele Filieri
  • , Carlos Flavián
  • , Anders Gustafsson
  • , Chris Hinsch
  • , Svend Hollensen
  • , Varsha Jain
  • , Jooyoung Kim
  • , Anjala S. Krishen
  • , Jared O. Lartey
  • Neeraj Pandey, Samuel Ribeiro-Navarrete, Ramakrishnan Raman, Philipp A. Rauschnabel, Amalesh Sharma, Marianna Sigala, Cleopatra Veloutsou, Jochen Wirtz
*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

774 Scopus citations

Abstract

The initial hype and fanfare from the Meta Platforms view of how the metaverse could be brought to life has evolved into an ongoing discussion of not only the metaverse's impact on users and organizations but also the societal and cultural implications of widespread usage. The potential of consumer interaction with brands within the metaverse has engendered significant debate within the marketing-focused discourse on the key challenges and transformative opportunities for marketers. Drawing on insights from expert contributors, this study examines the marketing implications of the hypothetical widespread adoption of the metaverse. We identify new research directions and propose a new framework offering valuable contributions for academia, practice, and policy makers. Our future research agenda culminates in a checklist for researchers which clarifies how the metaverse can be beneficial to digital marketing and advertising, branding, services, value creation, and consumer wellbeing.

Original languageEnglish
Pages (from-to)750-776
Number of pages27
JournalPsychology and Marketing
Volume40
Issue number4
DOIs
StatePublished - Apr 2023
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2022 The Authors. Psychology & Marketing published by Wiley Periodicals LLC.

Keywords

  • Metaverse
  • augmented reality
  • avatars
  • consumer behaviour
  • extended reality
  • marketing
  • second life
  • virtual reality
  • virtual world

ASJC Scopus subject areas

  • Applied Psychology
  • Marketing

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