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Everyone would agree that the metaverse is a novel concept that is only going to become more popular as time goes on. Even now, many international companies from a variety of backgrounds such as Samsung, Emirates Airlines, and even JPMorgan have all gotten involved with the metaverse, so it is safe to say that this idea is not going away anytime soon.
As such, the Olive Corporation’s metaverse platform may best be understood as an effective communication environment which develops and shares anything players can conceive via 3D Avatar and Playground services, allowing everyone to enjoy a variety of experiences, services and features. By providing point integration services inside the ecosystem, Olive Corporation hopes to enhance its business model and produce a reliable source of income as well as a steady stream of clients.
Moreover, Olive is developing a metaverse that will begin with colleges, which are significant clients for the MZ generation. The objective is to boost the use of OLIVE tokens and to broaden the worldwide ecosystem by making the school metaverse and Olive Wallet Web compatible with one another.
How does it work?
Olive creates a point integration system that makes use of a blockchain-based metaverse platform and a point-only bank to allow clients to freely spend points inside it. There are different areas as well such as the Playground wherein users can freely participate in various quests, themes and other aspects associated with the metaverse. Offline content is also available and this section includes content which can induce and promote interest in platforms which will in turn improve the overall image and reputation of the brand.
Lastly, there is the Points Integrated Service. Here, by allowing membership points offered by each business to be actively employed without pointless extinction, Olive seeks to serve consumers convenience and build synergy via complementary development among online delivery food enterprises.
What about partnerships, accomplishments and future goals?
BBQ Vietnam, Olive’s overseas division involved in global sales of BBQ, Korea’s #1 chicken brand, is Olive’s representative F&B chain partner. Additionally, the team has established collaborations with AC CAPITAL and five additional overseas venture capital firms. For F&B partners, Olive is in negotiations with over 100 well-known franchise organizations to execute business agreements before the end of 2022.
Regarding past achievements, Olive has secured commercial partnerships with ten food and beverage companies, including BBQ, venture capital firms as well as various colleges, and has even produced Olive Wallet 1.0. The team is also planning to launch a metaverse platform which can be linked to various other platforms.
In terms of future goals, Olive intends to follow the sales tactics of brands managed by F&B firms with which it has formed mutual agreements. The objective is to make customers experience real advantages by increasing the distribution of Olive points in response to consumer purchases during the event time and by presenting side menus of F&B brands ordered by users as promotions. The team believes that these actions will assist in securing customers’ points and promoting how points might be used.
The key objective though is to encourage providing meals in order to acquire client satisfaction. The next major task is to thus secure points and customers by introducing financial mechanisms such as deposits as well as installment savings.
Is it worth it after all?
Ultimately, what a great idea it would be to allow consumers to swap their valuable points for Olive tokens at over 3,000 BBQ establishments in 20 countries across the world, including Korea, the United States, and Europe. That’s how the Olive project got its start.
The metaverse environment serves as the foundation for any brand’s token ecosystem’s distribution channel and environment. It is therefore quite simple to develop and integrate customer-friendly systems, and it provides an excellent environment for responding to rapidly changing markets and customer trends. For more information, be sure to check out the official website and Telegram, Medium and Twitter channels.
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