What is the cost of building a metaverse platform? The most talked about question from startups to entrepreneurs who want to take their business to the next level. For this, you can also see a number of blogs with different cost calculations on the Internet. Some of them show the least figures but are disheartening at the time of final payment. So, here we come up with a metaverse development cost breakdown of your desired platform. We have also curated essential factors that affect development costs.
You can also schedule a call with our experts for quick assistance. We provide you with an exact estimation of your platform based on selected technology, feature, functionality, and more services. Don’t delay your dreams anymore. Call Us Now!
Let’s dive deep into the sea of metaverse costing to understand it.
The cost of a metaverse gaming platform depends on several factors, such as the size and complexity of the platform, graphics quality, user experience, number of players, type of players, and underlying technologies. A simple 2D platform costs as low as $40000, whereas a 3D metaverse platform could be between $100,000 - $200,000.
The building enterprise metaverse platform is based on the type of virtual environment you want to create, like meeting rooms, conference halls, interview areas, and personal space for your employees. Based on features, functionalities, and infrastructure, the cost to develop a platform varies between $50,000 to $500,000. Besides that, time is required between considering other aspects of the project, including planning, design, development, testing, deployment, and ongoing maintenance and support effect costing.
Social Metaverse platform costing significantly depends on the scope and complexity of the virtual world, the number of users, the features and functionality required, and the underlying technology and infrastructure. The cost of web3 social media platform development falls between $100,000 to $450,000, offering a community and compelling social interaction experience.
Ecommerce platforms vary in size and complexity in the virtual world, like whether you are going to sell a few category-based products or planning for multiple category products on your platform, such as Amazon. The price fluctuates due to changes in platform size. It can be designed and developed between $70,000 to $500,000.
Live concerts and event platforms in the metaverse are trending these days. The platform has the ability to offer amazing user experiences while interacting with favorite celebrities via digital avatars. Like physical concerts, NFT tickets will be sold in exchange for cryptocurrency. The platform comes with the integration of a crypto wallet and NFT marketplace features and can be developed between $200,000 to $500,000.
The list does not end here, educational metaverse platform, traveling in metaverse platform, real estate metaverse platform, banking in the metaverse, and the list continues to grow. One of these is common in all that your cost, and it will be the project's specifications, features, and functionalities.
Navigate the key factors and development costs for your own platform
Digital avatars, or, say, digital twins, are the essential aspects of metaverse technology. It offers a seamless user experience while entering the digital world and enables full access to the technology. Digital avatars are not just a replica of the creator or of their own preference. Adding varieties of replica creation features on the platform adds cost.
Metavere creates a fully immersive environment where avatars can use all the likes of sight, hearing, touch, taste, and smell. AR and VR metaverse technologies involve elements like multi-definition sounds and surround images that enable a user to have a real-like experience in the virtual world.
These virtual spaces can either be a whole new location or even the exact digital replica of any existing physical location. In both cases, developers need to spend more time creating a customized platform, especially when one needs a replica of physical space.
3D virtual worlds in the metaverse offer highly customizable experiences at the design venue as per users' preference. For instance, an education platform mentor can design a classroom as per their needs. Same way, when it is going to be used for a seminar or other purpose, the platform will be different in looks and experience. But adding all these features adds cost to the platform development.
E-wallets and cryptocurrencies go hand in hand. Web3 wallets are also supported by Metaverse, allowing businesses to control transactions across their virtual ecosystem. These wallets are designed with blockchain technology such as Ethereum, Solana, Polygon, and others to support and control transactions across their virtual ecosystem. The design and development of an e-wallet platform based on selected technology also adds cost.
Another significant characteristic of the metaverse is that the platform can be accessed and operated from any device and at any time. For this, your platform is tested on multiple devices during the development phase to serve you hassle-free results. The QA team tested the platform multiple times and on multiple devices.
Including these features adds price to the development process. The price can range between $30000 to $70000, depending on which is your platform and how complex it is.
We specialize in building customized metaverse solutions across all industries.
|Metaverse Application||$20,000 to $300,000|
|Metaverse API integration||$25,000 to $150,000|
|Cryptocurrency Wallet||$125,000 to $200,000|
|NFT Marketplace Integration||$50000 to $116040|
|Data Integration||$12,000 to $40,000|
|Defi Integration||$15000 to $110000|
|Decentralized Autonomous Organization (DAO)|
$10,000 to $30,000
|dApp Integration||$35,000 to $150,000|
The following table represents the cost distribution of blockchain technology based on an inhouse team.
|Deployment and 3rd party Cost||Private Blockchain: ~$1499/month
Public Blockchain: $0.01 / transaction-based for public blockchain + ~$650 for 3rd party
|Maintenance Cost||~20% to 30% cost of overall project|
The blockchain implementation on the metaverse platform is spent on multiple activities and phases. Some of the highlighted below;
|Design||System Blueprint, user interface/experience design including wireframes, high-fidelity and low-fidelity designs with a prototype of app flow.
|Development||Coding and Testing|
|Deployment||Deployment on Cloud Platforms, Delivery, and DevOps|
|Migration||Migrating web2 application to web3|
|Maintenance||Updates the platform to keep it run smoothly on all OS releases.|
|Upgrade||Latest features, creation and modification in Smart Contracts|
|Third-Party Tools||Hosting, Storage, Notification System, integration, Collaboration and more|
The aspect focuses on the visual elements of a decentralized application where users interact. It is developed with the following;
Blockchain-based solutions are mainly run by smart contracts where code runs across a decentralized peer-to-peer network and regulates the dApp.
For engaging user's experience AR & VR technologies play a crucial role in every metaverse platform. Some of the essential technologies are:
Unity- A feature-packed development platform for creating real-time events while supporting multiple OS- Windows, macOS, and Linux as well as 14+ platforms, including desktop, mobile, console, and VR devices.
ARToolKit- An open-source and free library offering ultimate features like automated camera alignment, multi-language support, and compasses support to develop real-time applications.
Apple ARkit- Toolkit enables the blockchain developers to activate image filters and facial expressions of the 3D characters. It enhances lightning in digital objects.
Unreal Engine- Open and advanced real-time 3D editor designed to create photorealistic and immersive events for diverse projects, from gaming to media & real estate.
Google ARcore- A Google-owned toolkit with features such as environmental comprehension, light estimation, and motion tracking that pair well with the new-age tools; Unity and Unreal to support the development of AR and VR solutions.
Maxst AR- A plugin that allows the maps to extend as per the camera’s movement and even beyond the camera to create an enhanced, vivid experience on extended reality solutions.
To build a high definition environment in the virtual world can be constructed with unity, unreal, and CRYENGINE-like popular 3D development tools.
Unreal Engine: Unreal Engine 5 offers the following features;
A complete solution for real-time 3D, AR & VR, from ecosystem tools to support developers in creating immersive user experiences. Its features involves;
A popular 3D development tool designed to assist game developers. The platform offers unique features like;
Call our experts & understand development cost for your metaverse platform!!!
Development cost involves all the experts contributing to building the platform. Here we have mentioned an expert list employed on your metaverse platform development.
These experts can be charged around $10000 for their services. But these can also vary based on the location of developers. Below we have discussed in-detail location-based costing to build a metaverse platform.
Development cost also involves infrastructure cost, maintenance, promotion, and more changes. Read out the table to how much each will be charged.
|Development costs||$15,000 to $20,000 per month|
|Infrastructure costs (server)||$1,500 per month|
|Infrastructure maintenance||$1,500 per month|
|Marketing and promotions||$2,500 per month|
|Support staff salaries||$10,000 per month|
Business location has a greater impact on the platform development cost. Here’s a list of some estimated prices quoted by major metaverse development companies around the corner.
|Geo||Monthly Rate (all levels average)|
|United States||$100,000 – $200,000|
|Central Europe (Estonia, Albania, etc.)||$50,000 – $70,000|
|Germany||$90,000 – $150,000|
|Brazil||$40,000 – $80,000|
Note: The above mentioned charges apply at the time of writing. These could vary due to change in trends, technology prices, developers cost and more reasons.
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