Is there care for the mania metaphor?

The metaverse mania is already here. I was thirty years too early for the party, so it’s sadly anti-climatic for me. I learned a long time ago that it will take years to fix it. If this is possible. Will Metaverse be based on browsers or applications? What is the role of AR in Metaverse? Nobody knows. No Zuck. No Tim Sweeney. No Tim Cook.

A metaverse already exists. Second life, a web-based 3D virtual world, has been popular for two decades. It still has a million monthly users. It has an economy. People buy and sell virtual real estate and digital real estate. It is spatial (3D). It has persistence. It’s social. You have an avatar, your incarnate presence, to customize as you wish. Maybe Second Life is already a Metaversa. But, as we know, it is not the Metaversa. The distinction is incredibly important.

There are even more metaverses in development. These include VR Chat, Facebook Horizon, Rec Room, AltSpaceVR and Roblox. Epic Games raised a billion dollars for a Metaverse that will presumably be built on Fortnite, which, with 350 million users, is many times larger than the rest of the people. They all grow fast and raise tons of money. But again, none of that is the Metaversa.

Here are some things I know to be true the Metaversa. You will have a secure personal identity and it will move you seamlessly from one place to another, just as it does from one website to another. It will be spatial, 3D and any device with a browser, including the humble smartphone, will be able to access it. Headphones will not be required. It has to be social. It has to have an economy, which means ways to make and sell things. What is the reason why anyone does or does anything.

And now, the news.

The Glimpse Group rang the bell. The company XR is listed on the NASDQ as VRAR. Seeking Alpha called them “the only virtual reality investment in the real VR game on the market.”

Thirdverse raises $ 20 million for VR Games The company’s titles include “Swords of Gargantua” and “Kunimitsu”. Series entrepreneur Hironao Kunimitsu, who made mobile game publisher Brave Frontier public in 2014 and also started the Virtual Reality Fund, Gumi Cryptos Capital, and several VR incubators, has been named CEO.

TetaVi raises $ 20 million for metaverse-focused computer vision technology The Israeli company uses a simplified volumetric capture method augmented with AI to create realistic 3D objects. The round was led by Impact Partners. Previous seed rounds raised $ 15 million, totaling $ 35 million in funding.

ByondXR secures $ 7 million in initial funding to expand its 3D and AR virtual shopping offering for the e-commerce market The company has developed a web-based extended reality (XR) platform to build photorealistic versions of showrooms and homes.

Niantic acquires the 3D Scaniverse scanning application Scaniverse is a fremium iPhone / iPad app for scanning high-resolution 3D objects and environments. Niantic will keep it in the app store and make its premium features free. This is Niantic’s latest acquisition in the 3D mapping space, as it acquired last year and Escher Reality the previous year.

Fortnite’s Ariana Grande concert offers a tasting of music in the metaverse 12.3 million people joined the pop star in a bespoke world where they were able to play alongside music. This critic had fun about it.

This week on XR is now a podcast hosted by Viacom / CBS futurist Ted Schilowitz and Charlie Fink, the author of this weekly column. You can find it on the Spotify, iTunes and YouTube podcast platforms.

What we are reading

Why Silicon Valley is committed to making this idea of ​​dystopian science fiction a reality CNN for Business.

Niantic founder calls Metaverse a “dystopian nightmare” IGN

Technicians think we are at the peak of a virtual world called “the metaverse.” I am skeptical Sean Monahan says his son is 1000 times more interested in Roblox than in VR.

Virtual production and metaverse: the last keywords or the future of our industry? Great story about virtual production, which is sweeping Hollywood. I have no idea what it has to do with a metaverse.

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