Beyond the Hype: Building the Real Economy of the Metaverse

Alex Yang Avatar
Beyond the Hype: Building the Real Economy of the Metaverse

Our vision is clear and ambitious: to empower every enterprise and individual to do business in the metaverse. We are creating a future of seamless, cost-effective, and high-growth commercial opportunities for all.

As a leading metaverse marketplace service provider in Asia, we leverage cutting-edge AI to enhance commercial efficiency and connect global users with the digital economy. Our business is built on two core pillars: a world-class virtual goods marketplace and a sophisticated metaverse scenario-building service.

Revolutionizing Global Digital Commerce: Our Virtual Goods Services

Today’s digital world presents a paradox: while content is global, access is often fragmented by geographical boundaries, payment systems, and language barriers. Our AI-enabled virtual goods trading platform, led by our flagship site kavip.com, is designed to dismantle these barriers.

A Thriving Marketplace

We provide a comprehensive platform for the sale and top-up of a wide array of virtual goods, including gift cards, game credits, in-app currencies, and gaming items. Our success is demonstrated by our significant growth and market leadership.

  • Market Leader: In 2023, we were the largest service provider in Asia for trading China’s virtual goods with overseas consumers, based on revenue.
  • Extensive Catalog: As of September 30, 2024, we offered over 600 SKUs of virtual goods from operators across 13 countries.
  • Rapid Growth: We processed over 489,000 orders in the year ending September 30, 2024, with a Gross Merchandise Volume (GMV) of US$42.7 million, up from 360,000 orders and US$35.7 million the previous year.
  • High Customer Loyalty: Our user repurchase rate reached 60.6% in the same period, a testament to our service quality.

The AI-Powered Advantage

Artificial intelligence is the engine behind our platform’s efficiency and superior customer experience.

  • Seamless Transactions: We support over 100 online payment channels and approximately 40 currencies, powered by AI that enhances multi-currency processing and ensures price competitiveness.
  • Superior Risk Control: Our AI-enabled multi-modal fraud detection engine analyzes transactions in real-time, safeguarding financial security for our users.
  • 24/7 Intelligent Support: We combine a dedicated team with a 24/7 AI agent and conversational engine to provide multilingual pre-sales consultation, payment support, and after-sales service.

Building the Future: Metaverse Scenario Services

Beyond virtual goods, we are building the very environments where the future of digital commerce will unfold. Leveraging VR, AR, 3D modeling, and AI, we help businesses transition from offline to online by creating immersive virtual spaces.

In September 2024, we launched DBiM.com, a SaaS platform equipped with powerful VR editing tools, a rich content library, and AI agent integration. This platform empowers businesses to create, launch, and maintain engaging virtual experiences, including:

  • VR Showrooms and Exhibitions
  • Virtual Social Events and Concerts
  • Immersive Livestreaming Environments

Our services allow businesses to transcend physical limitations, reduce costs associated with physical events, and engage customers in entirely new ways.

Our Blueprint for Growth

Building on our established success, we are pursuing a multi-faceted growth strategy to solidify our leadership and shape the future of the digital economy.

  • Global Expansion: We are expanding into high-potential markets, including the Middle East and Europe, to replicate our success.
  • Technological Advancement: We are committed to leveraging AI to forecast market trends, diversify our product offerings, and explore the potential of Web3.0 to build a smarter, more secure, and decentralized internet.
  • Investing in Metaverse Experiences: We will increase our investment in VR-related services and infrastructure to develop new virtual products and empower more creators and businesses on our platform.
  • Bridging to Web3.0: Our mission is to introduce standardized “AI+Metaverse” services that empower traditional Web2.0 businesses to transition seamlessly into the next generation of the internet.

We are not just participants in the metaverse revolution; we are architects of its economic foundation. By combining a robust virtual goods marketplace with powerful scenario-building tools, we are redefining how businesses operate in virtual environments and empowering our customers to thrive.

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