Challenges of a metaverse shaping the future of entrepreneurship

Abstract

The chapter thoroughly examines the various barriers that affect how entrepreneurial endeavours develop in the ever-changing metaverse. Entrepreneurs face never-before-seen obstacles as the metaverse, defined by virtual surroundings and cutting-edge technology like augmented reality and virtual reality, develops as a revolutionary platform for business. The chapter thoroughly explores these issues, which include social and cultural factors, economic complexity, ethical problems, and technical limitations. The last section of the chapter offers a forward-looking outlook on potential developments and breakthroughs in the metaverse, highlighting the need for ongoing collaboration and adaptation between engineers, entrepreneurs, legislators, and legal experts to traverse this rapidly changing digital landscape successfully. It emphasizes how critical it is to resolve these issues to fully realize the metaverse's potential for creative and prosperous enterprise. © 2024, IGI Global. All rights reserved.

Keywords Entrepreneurship, Business challenges, Metaverse