Low stated that the company has almost tripled its growth to RM3.6 million, compared to RM1.1 million in the previous year. Thus, the team is trying to further the growth even more, setting the goal of quadrupling it.
When it comes to revenue contribution, Virtualtech Frontier is expecting 40% to emerge from Mitoworld. The remaining 60% is likely to come from customized projects. After launching in 2021, the company has grown from its initial venture of creating virtual solutions for corporations.
Low even cited Mark Zuckerberg for popularizing the metaverse, elevating its global demand and interest across global corporations. Similarly, Tan also talked about the technology’s potential in the market.
Virtualtech Frontier is all about solutions and experiences. This will eventually become a big industry, with several players across the globe offering multiple solutions.
According to Low, the features developed in Mitoworld are enterprise-focused and enterprise driven. They will enable companies to achieve better engagement with their customers.
More and more businesses are looking for exciting and unique ways to reach a wider audience without being limited by borders. Many of them are adopting digitalization through social media and websites.
Since Virtualtech Frontier has already helped 250 brands, it is likely that its latest metaverse will also be a success. Thus, many experts think that the goal set by the company seems achievable.
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