On August 30, 2023, Yano Research Institute investigated the domestic Metaverse market and announced the market overview and trends of Metaverse operators. The detailed market research material ``2023 Metaverse Market Trends and Prospects'' is on sale for 253,000 yen (tax included).
From April to July of the same year, the company conducted a survey of domestic Metaverse market trends targeting domestic businesses that provide Metaverse-related technologies and services. As a result, the fiscal year 2022 is estimated to be 137.7 billion yen, 173.6% compared to the previous year. It is expected to grow by 207.0% to 285.1 billion yen in 2023, and is expected to exceed 2 trillion yen in 2027. Until 2022, many companies have been actively investing in metaverse projects and conducting demonstration experiments through various business collaborations and collaborations. Furthermore, as local governments and governments also participated in initiatives that utilized the Metaverse, recognition quickly spread, creating what could be described as a frenzied boom. In 2023, the boom has subsided and the special situation of remote work due to the coronavirus pandemic has disappeared, so it can be said that we have entered a phase where the environment for accelerating business development is in place. An increasing number of companies are increasing their business performance by clarifying their business models and improving the market environment, and we can expect full-fledged expansion of the Metaverse market in the future. The Metaverse has a high affinity with AI (artificial intelligence) and is expected to be a factor that accelerates its utilization, so many companies entering the market are conducting AI-related research and development. First, the number of companies using Metaverse will increase in the corporate market, and then the market will expand driven by consumer users, so it is predicted that the market size will exceed 2 trillion yen by fiscal 2027. On the other hand, there are currently many issues that need to be resolved in order to utilize AI for corporations, such as copyright infringement and reliability. As a prerequisite for the utilization and dissemination of AI in the Metaverse, it is our responsibility to ensure safety. Source: MONOist
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DFINITY Foundation is doubling down on its Web3 strategy with the launch of the Internet Computer Protocol (ICP) Asia Alliance. The organisation also announced a $20 million grant program as it seeks to foster a vibrant Web3 and AI ecosystem in Asia with a focus on the adoption of the ICP blockchain.
According to the announcement, the alliance is bringing together a diverse range of stakeholders including government organizations, investors, tech entrepreneurs, universities, developers and community members. The ICP Asia Alliance aims to help individuals and businesses in harnessing the transformative power of AI and Web3 through education, collaboration and innovation. The alliance will benefit from the ICP’s network of innovation hubs spread across the region including Hong Kong, India, Malaysia, Philippines, South Korea, Indonesia, and Singapore. Asia has been at the forefront of web3 adoption due to its clear regulatory framework with countries like Hong Kong and Singapore as good examples. Commenting on the announcement, Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation, stated: “Asia has emerged as a pivotal region for the Internet Computer and the broader web3 ecosystem. Much of the early support and adoption for ICP and DFINITY originated from Asia, where some of the most talented ICP developers are based.” Source: NFTgators Although still nascent, augmented reality (AR) technology holds the potential to become an integral part of fashion, advertising, entertainment, and our everyday routines, reshaping the world as we know it. But will that potential be realized?
AR is the process of placing a digital layer over the top of physical elements to create a cross-boundary experience. Rather than replacing the real world, like virtual reality, it simply enhances it. Is AR the future? Consider the era of silent movies. People embraced this type of film because they hadn’t experienced anything different yet, and there were no alternatives. However, the introduction of color and sound made the movie-going experience much more enjoyable. In a similar vein, AR is poised to transform the fashion industry. AR is, in essence, the addition of color and sound to this industry, breathing new life into the way fashion communicates with consumers. Read more at Jing Daily Animoca Brands Japan, a strategic subsidiary of global Web3 company Animoca Brands, will be commencing full-scale efforts to support the global expansion of Japan’s web3 gaming sector, starting with a partnership with Japanese gaming app Drecom Corporation.
Animoca Brands said in a statement on Friday that the duo have reached an agreement to focus their efforts on the overseas expansion of various titles featuring well-known IPs, and to explore initiatives that will facilitate cooperation between Drecom’s license of the Wizardry IP and the ecosystem being constructed worldwide by Animoca Brands, with a particular emphasis on the blockchain game Eternal Crypt – Wizardry BC -. Moving forward, Animoca Brands Japan is committed to contributing to the gaming industry and to supporting web3 ventures and project activation across diverse industries. “Japanese games are incredibly popular worldwide, and they hold immense potential for expansion in the realm of blockchain gaming, “We believe that this initiative will have a positive impact not only on Animoca Brands but also on the entire Web3 industry,” said Minh Do, the Co-Chief Operating Officer of Animoca Brands. Source: Technode Global On Wednesday, three major Korean securities firms, KB Securities, Shinhan Investment & Securities and NH Investment & Securities, announced a consortium for digital securities. Each already started working separately on security tokens.
Together they hope to share costs and gain economies of scale to attract more issuers for security token offerings (STOs). Additionally, by sharing the same distributed ledger, they aim to reduce fragmentation. In some jurisdictions, multiple digital securities platforms have created silos that are not interoperable. And if other securities firms join the consortium, it will enhance these benefits even more. They also hope to establish industry standards. “Through the cooperation of the three securities companies, we will bring about great changes in the security token market,” said the companies in a joint statement. They continued, “We will lead the Korean financial market by opening a new financial paradigm.” Source: Ledger Insights Firefighters who face life-or-death moments every day are susceptible to psychological difficulties such as PTSD, depression and sleep disorders.
While healing programs do exist for these heroes, it is challenging to properly attend to their mental health needs due to the nature of urgent response tasks and a shortage of dedicated personnel. In May, Dunamu launched the Digital Healing Garden which integrates virtual reality (VR) technology in collaboration with the Korea Arboreta and Gardens Institute. The Digital Healing Garden is a project designed to soothe the psychological well-being of firefighters and individuals with mobility challenges. It offers a therapeutic experience with trees without the need to visit an arboretum or recreational forests. Sejong National Arboretum and the Baekdudaegan National Arboretum have been recreated as VR content. The Digital Healing Garden has sequentially been introduced at two locations: firstly, Seoul Geumcheon Fire Station, and then at Seoul Rehabilitation Hospital. Source: Korea Joongang Daily ‘E8IGHT’, a simulation-based digital twin platform company established in 2012 South Korea, is in operation to commercialize BEMS using digital twin technology. E8IGHT is taking part in developing BEMS from pre-post design management and operation stages. On pre-design stage, building system and specifics can be analyzed so that solutions can be planned through monitoring and prediction of energy used in the past. Energy efficiency is possible even in weather factors such as sunlight and fine dust, through collecting and utilizing data on HVAC (Heat Ventilation, and Air Conditioning), air quality and more. With the implementation of digital twin technology E8IGHT’s BEMS is to provide in depth precision and high performance in real like scenario modeling technology for floors and sectors which are visualized in 3D model.
Digital twin BEMS allows building stakeholders to gain benefits regarding building maintenance and more. Building owners can respond to zero carbon regulations and manage financial risks, while construction workers can manage on-site performance from equipment and building life cycle through centralization, systemization, and visualization of information. Residents can experience indoor comfort through systematic air conditioning, and optimal evacuation route with safety management system, established through digitized virtual space and simulation. Digital twin BEMS can be implemented not only in energy consuming buildings such as hotels, commercial factories, office buildings but also in hospitals, research institutes and more with no limitless boundary. Source: Timestech Her face is a deepfake. Her body belongs to a team of similar-sized actors. But she sings, reads the news, and sells luxury clothes on TV as AI humans go mainstream in South Korea.
Meet Zaein, one of South Korea's most active virtual humans, who was created by Pulse9, an artificial intelligence company that is working to bring corporate dreams of the perfect employee to life. Pulse9 has created digital humans for some of South Korea's largest conglomerates, including Shinsegae, with research indicating the global market for such life-like creations could reach $527 billion by 2030. In South Korea, AI humans have enrolled as students at universities, interned at major companies, and appear regularly on live television driving sellouts of products from food to luxury handbags. But Pulse9 says this is only the beginning. They are "working on developing the technology to broaden AI human use," said Park Ji-eun, the company's CEO. "Virtual humans are basically capable of carrying out much of what real people do," she said, adding that the current level of AI technology means humans are still needed — for now. Source: Japan Times Cluster Co., Ltd. is collaborating with Human Design Co., Ltd. to open a full-fledged theater "Metagaya Studio" on the Metaverse.
In addition, the first off-gakuza musical performance “Mrs. Mercury” will be held on October 19, 2023 (Thursday). Cluster, one of the largest metaverse platforms in Japan with a cumulative event attendance of over 20 million people, and Human Design, which conducts performing arts creation projects and human resource development training projects, have collaborated to create a full-fledged theater on the Metaverse. Metagaya Studio is now open. In addition to staging Metaverse musicals, this new space is also planned to be used as a venue for new styles of human resources training. This will be a place where Human Design's knowledge of original musicals created and performed over the past 36 years will be put to use. Japan's largest metaverse platform "Cluster" "Cluster" is a metaverse platform that allows you to visit virtual spaces from various environments such as smartphones, PCs, and VR devices. You can enjoy chatting and playing games anytime, anywhere in events such as music live performances and recitals, and in the virtual world where you can participate at any time. Source: VR Inside On this week's episode of Yahoo Finance's The Crypto Mile, our host Brian McGleenon speaks to Robby Yung, CEO of Animoca Brands. The episode delves into the transformative potential of web3 gaming and its role in driving mass adoption of digital ownership, NFTs, and blockchain-based royalty distribution. Animoca Brands, known for its diverse web3 investment portfolio, including The Sandbox, Opensea, Axie Infinity, and Decentraland, continues to pave the way for innovation in the blockchain gaming sphere. During the interview, Yung asserted that web3 gaming stands on the cusp of revolutionising the traditional gaming space, with the capacity to propel digital ownership into the mainstream.
Source: Yahoo Finance |