Metaverse can’t be built on the corporate business model, says EY innovation lead

Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY) believes that the metaverse would be led by the young generation and it cannot be built on the same principles of the corporate business model.

The EY innovation lead shed light on the company’s investment strategy and why a significant chunk of it has gone towards younger generation firms and startups. He said that many of these young firms have proven themselves with valuable products and revenues of millions of dollars.Talking about the innovation in the metaverse, Jones said that the age-old corporate business model won’t succeed in the metaverse and corporates and tech giants would have to think beyond the existing mindset.


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