Top Metaverse Development Companies in 2023

Top Metaverse Development Companies in 2024

11.01.2024

* The article was reviewed and updated based on the latest rankings data for the 2024 year.

 

The opportunity to perceive the world through virtual, immersive experiences has been a hot topic since the appearance of VR and AR applications. In essence, metaverse is the next step in the evolution of virtual reality, and now, more and more players in the software development space try their hand at it.

It seems like entering a new digital era with metaverse is not an issue, however, the issue is to find the right provider to help you adopt metaverse to your business. After all, the purpose of metaverse development is beyond simple world perceptions, rather it’s about creating a whole new channel of brand loyalty building. It’s not an ordinary task to trust any company with it, is it?

To help you make an informed decision, we composed a list of top metaverse development companies in 2024. For this research, we used the data from Clutch and several other IT research agencies and defined the ‘top performers’ in the metaverse field based on the following criteria:

Country of residence (HQ) — geographical factor plays an important role in the formation of the local IT community (people interested in working in IT, the number of companies in the sector forming a competitive environment, etc.), its knowledge and skills, which, in turn, affects the price per man hour.

Years on the market — the duration of the company’s work speaks for itself. Although only verified software providers are included in our list, this factor should not be neglected whatsoever. The longer the company operates on the market, the more ‘industry authority’ they have, meaning the more clients are ready to tell about their services to the public, therefore the larger the company’s portfolio is.

Minimum project budget — metaverse development is a complex process, where the finite price depends on the exact functionality you need your project to have. However, each company has their own ‘starting margin’, the minimum budget of the project they would undertake. Consider this factor carefully to make sure your budget correlates with the software provider’s requirements.

Average hourly rate — as we said earlier, the experience of an IT specialist reflects the cost of their work. You can’t research the rate per specialist, but you can see the average rates within each particular region.

Here you can see our rating of metaverse development companies that excel in all the above criteria:

Let’s learn about each of the companies in more detail.

Top 10 Metaverse Development Companies to Hire in 2024

1. Aetsoft

Aetsoft
  • HQ: Wyoming, US
  • Years of expertise: 10+
  • Minimum project budget: $10,000
  • Avg. hourly rate: $50 – $99 / hr

Following the best practices of the industry trend-setting Meta, Aetsoft is a US-based software development company delivering enterprise-grade metaverse solutions across the major domains, such as sports, real estate, edtech, automotive, retail, healthcare, and others. Its ground-breaking white-label metasite solution gathered highly positive feedback from the public as it allows launching a customizable metasite for any industry within a reasonable timeframe.

Above that, Aetsoft’s broad expertise in metaverse development covers metaverse NFT marketplaces, metaverse applications, game development, 3D space and avatar development, custom metaverse integrations, and more. However, their area of expertise transcends metaverse and also includes blockchain and Web3 solutions, business automation solutions (including its recent confident entry in ChatGPT development), eCommerce software development, and more.

As a recognized developer in the industry, the company acquired massive attention from other metaverse key players. For example, Aetsoft has recently formed a strategic partnership with Xsolla, one of the leading metaverse providers in the international market. Together, these two metaverse frontrunners will be delivering new experiences to a global user base.

2. LeewayHertz

LeewayHertz
  • HQ: San Francisco, US
  • Years of expertise: 16+
  • Minimum project budget: $10,000
  • Avg. hourly rate: $50 – $99 / hr

Leeway is one of the largest software providers delivering solutions to businesses all over the globe. During its history, the company has developed over 100 solutions for various industries and proudly says that they are one of the technology pioneers in Web3, blockchain, AI, and IoT technologies. However, their move to metaverse has also had tremendous success as they often couple it with time-proven blockchain solutions, such as decentralized networks and interoperable standards, within their projects.

Today, Leeway offers various metaverse development services, including metaverse integration, 3D space development, avatar development, games and applications development, and even metaverse renting for a set period of time.

3. Quytech

Quytech
  • HQ: Haryana, India
  • Years of expertise: 13+
  • Minimum project budget: $10,000
  • Avg. hourly rate: < $25 / hr

Quyech is an established mobile app and metaverse development company with more than 10 years of history. With the initial expertise in AR and VR applications, the company has successfully evolved into a reliable metaverse provider of versatile solutions, including 3D spaces, metaverse NFT marketplaces, applications, and decentralized platforms.

Besides creating their own metaverse solutions from scratch, the company also assists their clients in creating those for existing metaverse platforms such as Roblox, Decentraland, Sandbox, and others. For its remarkable development achievements, Quytech is often awarded as a top app developer by respectable organizations and industry research firms.

4. Solulab

Solulab
  • HQ: California, US
  • Years of expertise: 9+
  • Minimum project budget: $25,000
  • Avg. hourly rate: $25 – $49 / hr

Solulab positions themselves as one of the top blockchain development companies with a 50M+ active user base. And though metaverse has recently become one of their core areas of expertise, it has already allowed the company to take such a high ranking in our list.

To date, this metaverse development company’s rich portfolio of metaverse services includes metaverse consulting, integration, and application development, game development, integrated metaverse marketplaces, NFT integration, 3D space development, and narrowly specialized metaverse solutions for eCommerce, real estate, social media, and more.

5. INORU

INORU
  • HQ: Circular Road, Singapore
  • Years of expertise: 17+
  • Minimum project budget: $1,000
  • Avg. hourly rate: < $25 / hr

INORU develops apps for everyday use and solutions for a global business clientele, operating in a variety of domains, such as gaming, NFT, crypto, launchpads, and more. For them, metaverse is more than just a quintessence of blockchain and Web3 technologies, but rather a step towards the immersive internet the technology promises to become. That is, the company delivers custom metaverse integrations, including DAOs, NFT marketplaces, games, DEXes, and others.

6. Program-Ace

Program-Ace
  • HQ: Limassol, Cyprus
  • Years of expertise: 22+ 
  • Minimum project budget: $75,000+
  • Avg. hourly rate: $50 – $99 / hr

Program-Ace is one of the oldest, respectable software development companies that has been building its reputation of a reliable tech partner since 1992. Around that time, the IT industry was born, so the company was one of the pioneers in software development.

As of now, Program-Ace’s has evolved with time, as the company has always kept up with the times. Its large portfolio of more than 900 projects (impressively that one could count that figure, even approximately, given such a long company’s history) is now being enlarged with Web3- and, of course, metaverse-based applications. The latter include solutions for virtual training, digital twins, games, and others.

7. SparxIT

 

SparxIT
  • HQ: Limassol, Cyprus
  • Years of expertise: 22+ 
  • Minimum project budget: $75,000+
  • Avg. hourly rate: $50 – $99 / hr

SparxIT is a cross-national provider of mobile and web applications delivering services for businesses and individuals from the USA, UK, UAE, and India. Metaverse is just one of the company’s areas of expertise, as it also has hands-on experience in blockchain, Web3, and cloud technologies. 

Regarding metaverse, the company provides its services in such areas as metaverse application development, metaverse NFT marketplace development, integration services, and a primary focus on such industries as eCommerce, real estate, and social media. SparxIT is known for its previous expertise in developing VR applications, so metaverse has logically become the ‘next step’ in the company’s history. 

8. Suffescom Solutions

Suffescom Solutions
  • HQ: California, US
  • Years of expertise: 10+
  • Minimum project budget: $10,000
  • Avg. hourly rate: $25 – $49 / hr

One of the pioneers in AI development, Suffescom has broadened its expertise to blockchain and metaverse solutions relatively lately. This metaverse development company publicly says that they have more than 50 successful blockchain projects. Today, Suffescom hones their expertise in metaverse-related areas, including integrated NFT marketplaces, Play2Earn games, crypto projects, and others.

Suffescom’s initiatives in metaverse haven’t gone unnoticed by the media as the company was covered in Hindustan Times and several other periodicals.

9. Eventyr

Eventyr
  • HQ: Lisboa, Portugal
  • Years of expertise: 6+
  • Minimum project budget: $25,000
  • Avg. hourly rate: $50 – $99 / hr

Eventyr (formerly Puls Software) is relatively a newcomer to the industry, yet the company already managed to claim themselves as a reliable provider of metaverse-based solutions and products as well as a trusted consulting agency. As a developer, the company mainly specializes in delivering iOS and Android applications integrated with metaverse as well as VR applications. In the metaverse domain, Eventyr successfully creates virtual cities, offices, flats, public spaces, and 3D avatars.

In January 2022, the company became a part of Sigma Software Group, a Swedish software development and consulting company, which allowed them to significantly broaden its workforce and deepen metaverse development expertise. Overall, during its almost 7-year history, Eventyr has achieved numerous awards and recognitions from the industry-specific media, primarily as a consulting and mobile development company.

10. Sphinx Solutions

Sphinx Solutions
  • HQ: Pune, India
  • Years of expertise: 13+
  • Minimum project budget: $5,000
  • Avg. hourly rate: $25 – $49 / hr

Sphinx Solutions is one of the well-recognized custom software developers in the IT market today. Today, it is a boutique team of 80+ highly-skilled specialists who develop web and mobile applications across versatile domains and verticals. The company’s portfolio includes over 500 solutions, and metaverse-based ones become a notable addition to those. Its mobile apps regularly hit various ‘Top 10’ and ‘Top 100’ rankings in Google Play Store and Apple Store.

Among metaverse-based solutions, the company delivers virtual content marketplaces, 3D spaces, game applications, along with custom integrations, to provide unparalleled experiences for clients.   

Summing Up

Based on the ranking, now, we can easily compare the companies by the earlier defined criteria and make informed conclusions.

Top Metaverse Development Companies (2024) Comparison

Top Metaverse Development Companies (2024) Comparison

Source: Clutch.co

  • 50% of metaverse development companies in our research have headquarters in the US, which immediately signals their direct access to the pool of highly qualified, international talent. People from all over the world flock to the US to become a part of the ‘American Dream.’
  • The majority of companies operate for over a decade, meaning that they have already established a good name on the market and can be trusted with a metaverse project of any complexity.
  • Regarding minimum project budgets, starting rates vary among companies, but the majority undertake projects starting at $10,000. This makes their services affordable for a wider range of companies, including SMEs. Yes, some metaverse development companies from the rating have even lower budget requirements, up to $1,000, however, the lowest market rates may signify a poor level of service.
  • Finally, the average price per hour also varies among companies, with two major price ranges: $25-$49 and $50-$99. Here, your choice of a vendor depends solely on your budget, however, the cost of development shouldn’t be the main factor to help you make up your mind. Besides all the earlier described criteria, consider the company’s partners; true industry leaders often work with big names, which they often show on their websites.

Now, there should be no space for doubt. From the information we gave in the article, you can easily narrow down your choice of potential metaverse developers to a few options and then select the one with the most attractive offer. It’s time to embrace the future with a reliable metaverse development company!

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