EventX, a global virtual event SaaS platform company, announced a 'metaverse-based event platform' and claimed that it can increase users' satisfaction with immersive event experiences by utilizing the metaverse.

On the 31st, EventX held an online press conference to announce 'the industry's first virtual land purchase within a sandbox, a metaverse-based event business'.

This symposium consisted of three sessions: △Greetings △EventX - Introduction and demonstration of metaverse-based events within The Sandbox (Sum Wong) △Q&A.

EventX recently purchased LAND, a virtual real estate within the metaverse gaming platform 'The Sandbox', and is operating a metaverse space for holding events on 'Web3'.

Presenter Sum Wong, CEO, said that EventX's platform provides face-to-face, virtual, hybrid, and metaverse event solutions across various industries. The company said it will help customers continue their digital transformation.

Sum Wong emphasized that the EventX platform's ability to interact within the platform differentiates it from competitors. He added that the platform allows users to build relationships with other users and allows for interaction beyond simply watching videos, such as visiting booths and interacting with others.
The EventX platform has demonstrated its ambition to be an all-in-one platform that can support all processes, including tool manufacturing and event app operation, with over 6,000 events held and over 5 million participants to date.

EventX said it has raised $20 million in funding, including investments from companies like HTC, Japan, and China, primarily in Asia. It offers a variety of conference and event services, particularly in financial, entertainment, music, and educational institutions. In Korea, there is an example of this being utilized in SparkLabs.

EventX uses NFT, which is a digital membership card concept that is provided when purchasing event tickets, and NFT can be exchanged for tickets and gifts.

Sum Wong, CEO, said, “The transition to VR and hybrid environments will achieve cost reduction, flexibility improvement, and digital transformation,” and added, “More users will transition to VR and metaverse environments in the future, and after 2025, they will use the metaverse for one hour a day.”

Meanwhile, EventX added that it is supporting companies in achieving their goals, such as generating sales leads and reducing costs, by hosting virtual events to make VR and other technologies, as well as the metaverse, a core competency of its SaaS (Software as a Service), and is providing convenient functions within the platform.