The concept is swiftly becoming more tangible. As this expansive digital layer evolves, certain key technologies are poised to impact and mold society in remarkable ways. The Metaverse Insider Intelligence Platform offers insight into the technologies driving this transformation. This article dives into a few of these emerging technologies and their impact.
Real-Time Rendering: Building Immersive Experiences Real-time rendering is a foundational technology crucial for creating immersive experiences within the Metaverse. The ability to generate and display visuals in real-time is a cornerstone for virtual environments, gaming, simulations, and much more. The Metaverse Intelligence Platform showcases a diverse array of companiesemploying real-time rendering across various Metaverse sectors. The level of investment in this sector fluctuates widely based on specific industries and classifications, indicating its broad-ranging applications and significance. Holographic Display: Augmenting Reality Holographic displays, while not as numerous as real-time rendering companies in the Metaverse space, represent an emerging technology with immense potential. The integration of augmented reality (AR) and holographic displays enriches user experiences, blurring the line between the physical and digital worlds. Companies focused on this technology are pioneers in creating visual overlays and holographic projections that could revolutionize how individuals interact with information and content. Spatial Technology: Augmented Reality, Visualizations, and Social Networking Spatial technology, boasting the highest number of companies on the Metaverse Intelligence Platform, underscores the significance of augmented reality, visualizations, and social networking within the Metaverse. Spatial technology is fundamental in creating interactive, location-based experiences that overlay digital information. Source: Metaverse Insider
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The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.
The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s Financial Conduct Authority (FCA) to promote joint digital asset pilots. The authority specifically seeks to carry out such pilots in relation to fixed income, foreign exchange and asset management products. The initiative builds upon Singapore’s ongoing asset tokenization project known as Project Guardian, which was launched in 2022. Under Project Guardian, Singapore’s central bank collaborated with 15 financial institutions to complete pilots on asset tokenization, which demonstrated a significant potential for transaction efficiency. Source: Cointelegraph THXNET, a Japan-based Web3-as-a-Service Blockchain Infrastructure firm, and AsiaTokenFund Group, a leading web3 conglomerate based in Asia today announced a strategic partnership with a focus on extending the reach of THXNET’s ground-breaking blockchain technology infrastructure services into the broader Asian market.
Founded just four years ago, THXNET has made significant strides in the blockchain realm. a pioneer in blockchain technology, proudly unveils its offering centered around its own dedicated Layer 1 (L1) infrastructure, meticulously empowered by the robust THXNET Layer 0 (L0) Rootchain. This innovative foundation is underpinned by the state-of-the-art Substrate framework, refined to perfection by the seasoned experts at THXLAB, the development company behind THXNET. Its Layer 1 Blockchain achieved a pivotal milestone by going main-net this past June. Crafted with a singular vision to act as a bridge between the traditional digital landscape (web2) and the decentralized web3 future, THXNET serves as a Web3-As-A-Service provider. This approach offers web2 companies a hassle-free gateway to tap into the burgeoning world of web3. Source: Macau Business Saudi Arabia-based NEOM Investment Fund will invest $50 million in Hong Kong-based gaming firm Animoca Brands.
Animoca Brands said in a statement on Monday that the firm has entered into a strategic partnership memorandum of understanding with NEOM Investment Fund to drive regional Web3 initiatives in line with the Saudi Vision 2030 plan. Alongside the strategic partnership, Animoca Brands and NEOM Investment Fund have signed a convertible notes financing term sheet. NEOM Investment Fund is proposing to invest $50 million in Animoca Brands, of which $25 million will be via the issuance of convertible notes at a conversion cap price of AUD 4.50 ($2.86) per share and the remaining $25 million will be invested in purchasing the company’s shares on the secondary market. As part of the strategic relationship, Animoca Brands will work with NEOM Investment Fund on building Web3 enterprise service capabilities with global commercial applicability, which will be deployed to support technology advancements in Riyadh and the NEOM region, a project for a new urban area in northwest Saudi Arabia envisioned as a hub for technology, trade, entertainment and tourism. Source: Technode Global Companies specializing in Metaverse and XR technologies, selected as outstanding firms by the National IT Promotion Agency (NIPA), a Korean government agency, received support for their participation in MWC Las Vegas 2023, the American leg of the Mobile World Congress, the world's largest mobile and communications expo, held over three days starting September 26 in Las Vegas, USA.
The National IT Promotion Agency operated a Korean joint pavilion at MWC Las Vegas 2023 to generate substantive global interest in promising small and medium-sized enterprises in the Korean Metaverse and XR sectors, aiming for both overseas exports and market expansion. A total of six companies participated in the event: AIPARK, COCONUT SILO, FROM SEOUL, INVENTIS, MetaVu, and Studio W.BABA. They introduced Metaverse and XR products incorporating various technologies such as artificial intelligence through booths in the joint pavilion. Among them, three companies participated in an official MWC Las Vegas session, the Industry City Session, to present on the topic 'The Latest K-Metaverse Technologies and How They Will Transform the Future.' Source: Businesswire Korea Institute of Civil Engineering and Building Technology has developed building scan to BIM (Building Information Modeling)-based reverse engineering technology required for 3D geospatial information modeling domains such as digital twin information modeling.
Scan to BIM-based reverse engineering technology was studied to prevent errors and rework caused by manual work when modeling shapes or BIM from 3D scan data. Existing reverse engineering work is either done based on a lot of manual work or semi-automatically using expensive overseas software. KICT Research Fellow Dr. Kang Tae-wook and the international joint research team (University of North Florida, Prof Jonghoon Kim., Purdue University, Prof Kyubyung Kang., IUPUI, Prof Dan Koo., The State University of New York, Prof Jongseong Brad Choi) developed Scan to BIM technology customized for each reverse engineering purpose based on accumulated 3D vision, deep learning, and data processing pipeline technologies. This technology automatically segments objects from 3D point cloud data, extracts shape information, and creates BIM objects. Through this, information model creation time and rework required for digital twins can be dramatically reduced. Source: Geospatial World MetaOsaka Co., Ltd., which is involved in world development using UEFN for Fortnite, and Wonder Group, which produces tourism businesses specializing in inbound tourists mainly in the Kansai region, are using Metaverse technology to attract foreign tourists to Osaka. They announced an agreement for a strategic partnership by introducing new technology into the bid.
Through this partnership, MetaOsaka, whose group companies have specialized knowledge and technology related to the Metaverse, and Wonder Group, which operates tourism and entertainment businesses targeting foreign tourists in Osaka, will combine their respective strengths to bring together Osaka's appeal. The aim is to spread the word around the world and provide a new entertainment experience to foreign tourists who have not yet visited Osaka. Main points of the partnership 1. Osaka experience in Metaverse MetaOsaka is developing a virtual space within the Metaverse where you can virtually experience Osaka's famous sights, culture, and events, so that you can explore Osaka in a virtual space before visiting real tourist spots. 2. Multilingual support MetaOsaka takes a worldwide perspective and provides a virtual space that can be visited from all over the world. 3. Fusion with reality MetaOsaka proposes a fusion of real and virtual reality. In addition to creating a metaverse space, we propose to attract customers by holding real events. Source: Metapicks Activ8 Co., Ltd., which operates a virtual IP production business, announced the completion of funding from the "KDDI Open Innovation Fund No. 3."
Going forward, the company plans to accelerate the promotion of the Metaverse Entertainment business in collaboration with KDDI Corporation, leveraging the strengths and assets of both companies. Background and purpose of the initiative Activ8's mission is to "increase the choices in the world we live in," and we aim to become a company that fascinates the world in the Metaverse and entertainment fields.In March 2023, we will develop and globally expand the optimal content for the Metaverse era. With the aim of achieving this goal, we have started a strategic alliance with KDDI. As a specific initiative in the partnership, we directed and produced a virtual live performance ``balallel-meta-party'' using avatars held at ``αU metaverse'' in the ``αU'' Metaverse Web3 service provided by KDDI. I was in charge. In the future, through collaboration between the two companies, including those mentioned above, the aim of this alliance is to more closely share and utilize each other's strengths and assets, accelerate the Metaverse Entertainment business, and provide a better experience to users. reached. While continuing to create entertainment using the latest technology, Activ8 will co-create content on "αU live" where you can enjoy high-quality live music from a 360-degree free viewpoint using cloud rendering, maximizing the appeal of characters and IP. By doing so, the company aims to provide an entertainment experience that satisfies fans. What is Metaverse/Web3 service “αU”? KDDI's Metaverse/Web3 service is a service proposed by KDDI that aims to create a world where anyone can become a creator, supporting a new generation that easily moves between reality and virtuality through Metaverse, live streaming, virtual shopping, etc. ``αU metaverse'' where you can enjoy entertainment experiences and conversations with friends in the metaverse, ``αU market'' where you can purchase digital art works, etc., ``αU wallet'' where you can manage crypto assets, and high-quality 360-degree freedom with cloud rendering. We offer ``αU live,'' where you can enjoy live music from a different perspective, and ``αU place,'' where you can shop at a virtual store linked to a physical store. About Activ8 Co., Ltd. A startup founded in 2016 that develops the Metaverse entertainment business with the mission of "increasing the choices in the world we live in." He created Kizuna AI, the origin of VTuber, and is involved in everything from producing virtual artists who are active around the world to planning and producing hybrid events optimized for metaverse/real life and regional revitalization. About KDDI Open Innovation Fund KDDI Open Innovation Fund is a corporate venture fund that broadly supports venture companies. The currently active "KDDI Open Innovation Fund No. 3" boasts a total management size of approximately 20 billion yen, and its focus areas include AI, IoT, data marketing, fintech, B2B SaaS, and entertainment. Source: Metapicks The urban metaverse is in an early exploration phase with currently only a few relevant deployments. However, according to global technology intelligence firm ABI Research, by 2030, close to 700 cities will have deployed some form of metaverse infrastructure, often as extensions of existing urban digital twin platforms and solutions.
“Though metaverse is undeniably overhyped and steeped in vagueness, the urban context offers interesting value generating use cases and applications, ranging from seamless interaction of citizens with eGovernment services, virtual tourism, smart infrastructure design, planning and development and urban workforce enablement and enhancement. This is especially important in complex urban environments which are challenging to design, maintain, explore, and engage with,” explains Dominique Bonte, Vice President, Verticals & End Markets at ABI Research. Benefits for city governments include gaining political capital through enhanced citizen engagement and participation and significant cost savings related to smarter and more effective urban infrastructure design, operations, and maintenance. Additionally, the urban metaverse will play a critical role in making cities net zero and circular. Source: Technode Global AIOX Apex Angel Fund (AIOX) has stepped out of the shadows, revealing a new venture fund aimed at supporting founders in deeptech and web3. Partnering with the highly anticipated X-PITCH 2023, a global deeptech startup competition, AIOX has entered into a strategic alliance to accelerate the adoption of technology across a broad spectrum of industries.
“We see immense potential in partnering with X-PITCH. Through X-PITCH’s platform, we want to connect with highly technical founders who are not already within our networks,” said Marc Lin, Chairman of AIOX. “Our goal is not only to invest but also to actively support and nurture startups that have the potential to revolutionize industries through deep tech advancements.” While the primary focus of the capital will be on startups in deeptech and web3, the firm remains open to exploring investments in other categories as well. During its stealth phase, the team has already made investments across a diverse range of sectors. “We have portfolio companies in real estate, fintech, biotechnology, artificial intelligence, sharing economy, art and content IPs,” Lin added. In a recent strategic move, AIOX made significant strides into the content (IP) landscape by leading a substantial investment in Singapore’s XM Studio, consequently becoming its largest shareholder. “Our investment in XM Studio marks our first step in creating a robust content ecosystem where technologies of our portfolio companies can be commercialized through real world use-cases,” said Lin. “We believe having exclusive access to the right IPs can be very powerful in driving new consumer trends.” Source: Macau Business |