Samsung Latam pumps $35 million into the metaverse

Sun Dec 25, 2022 ▪ 2:00 p.m. ▪
4
min read – by
Mikaia ANDRIAMAHAZOARIMANANA

If South Korea aims to become the leader of metaverses in the next 5 years, it will be able to rely in particular on companies like Samsung. Indeed, this electronics giant misses no opportunity to place its balls in the sector as promising as virtual realities. For this, she does not hesitate to spend millions.

In early October, Samsung Latam announced the opening of the “House of SAM” in the Decentraland metaverse. This house inhabited by Samantha, Samsung’s virtual assistant, should see an influx of visitors due to a host of attractive activities organized on site.

Today, Bitcoin.com announced that the Korean electronics giant has injected $35 million for its metaverse-related business. Objective: bring more young Latin Americans into the virtual world. In other words, Samsung, which also intends to place its products and brands in the metaverse, intends to withdraw and get in tune with Latam customers.

Occupying the plural spaces where your base audience is formed is part of an essential mapping work that no current marketing strategy can do without. “, specifies Anita Caerols in an article published by the South Korean multinational on December 20.

The future of marketing largely depends on fully immersive platforms, believes this director of marketing and corporate citizenship of Samsung Electronics Chile. This is what particularly motivates Samsung to invest in the metaverse, which feels like a natural extension of social media platforms.

SAM’s house transformed on Decentraland

Target young consumers

But at Samsung, we think so, the metaverse is a concrete way to connect with young consumers. That’s why we’re investing more than $35 million in initiatives spanning all of Latin America she explained.

By ” young consumers she talks about Generation Z, Generation Alpha, Millennials and Boomers. Indeed, their interest in totally immersive digital platforms ” grows continuously.

The results of a LinkedIn study have also shown that 400 million users tread the soil of the metaverses each month. Most of them are 13 years old or younger.

For Samsung, exploring these universes, like Roblox, Fortnite and, more recently, Decentraland, is a way to connect and connect with this audience, which will also be the next massive generation of consumers. And that’s what the Metaverse now makes possible: the exchange of ideas with people who were born in a context where smartphones already existed, the possibility of listening to them. »

Samsung, which is currently increasing its investments in the metaverse, could not fall into the trap. If the few millions absorbed here and there do not bring him profits for the moment, it is sure that the millions will come in the medium or long term.

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Avatar of Mikaia ANDRIAMAHAZOARIMANANA
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day when the impacts occurred on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it

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