Oculus Quest 2

Virtual Reality, Spurred by Renewed Immersive Opportunities, will Reach 90 Million Total Device Shipments in 2027

Retrieved on: 
Thursday, April 28, 2022

According to global technology intelligence firm ABI Research, over 90 million Head Mounted Display (HMD) shipments in 2027 will power total VR market revenues to reach over US$95 billion in the same year across hardware, software, and services.

Key Points: 
  • According to global technology intelligence firm ABI Research, over 90 million Head Mounted Display (HMD) shipments in 2027 will power total VR market revenues to reach over US$95 billion in the same year across hardware, software, and services.
  • "The virtual reality market is no stranger to false starts, with identifiable efforts in VR dating back to the 1980s and 1990s.
  • Among devices, standalone HMDs make up most shipments through the forecast, with 79 million expected shipments in 2027, growing at a 40% CAGR.
  • Education accounts for 16% of total shipments but is growing the most quickly at an 88% CAGR through 2027.

XR Immersive Tech Adds Popular Sairento VR Game To Synthesis Android VR Marketplace

Retrieved on: 
Wednesday, April 13, 2022

(Immersive Tech, or the Company) (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF) is pleased to announce that Mixed Realms VR studio has adapted their popular Sairento VR game to take advantage of the Companys Synthesis VR Android Digital Rights Management (DRM) technology recently announced on February 14, 2022 here.

Key Points: 
  • (Immersive Tech, or the Company) (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF) is pleased to announce that Mixed Realms VR studio has adapted their popular Sairento VR game to take advantage of the Companys Synthesis VR Android Digital Rights Management (DRM) technology recently announced on February 14, 2022 here.
  • With support for Android HMDs this first-to-market digital rights management (DRM) solution adds many new games to the existing Synthesis VR marketplace of 325+ VR experiences available to its network VR arcade operators.
  • This enables existing, and future, content creators to not only include their PC-based VR content but also publish their Android-based VR experiences through our network of VR Entertainment locations worldwide through the Synthesis VR marketplace.
  • ABOUT XR IMMERSIVE TECH INC.
    Immersive Tech (formerly Fantasy 360 Technologies Inc.) is building the industry's premier location-based Metaverse Platform.

House of Kibaa CCO's Keynote and Panel Speech Kicks off "Miami NFT Week 2022"

Retrieved on: 
Sunday, April 3, 2022

Positioned at an impressive activation space in the event, HoK is engaging thousands of people gathering in Miami right now.

Key Points: 
  • Positioned at an impressive activation space in the event, HoK is engaging thousands of people gathering in Miami right now.
  • Miami NFT Week is an NFT conference created to bring NFT lovers together to engage in workshops, panels, pitch competitions, creative installations, immersive art performances, and conversations that encompass Blockchain technology.
  • About presenting at Miami NFT Week 2022, Mr. Nguyen explained, "It was an absolute honor to present at Miami NFT Week and represent House of Kibaa as a leader in the NFT space, and collaborate with like-minded businesses and individuals in the NFT, metaverse, and play-to-earn gaming sectors."
  • House of Kibaa ("HoK"), designs and curates a next-generation metaverse for 3D assets, allowing functional art and collectibles to exist simultaneously across different NFT blockchain environments.

Mode MetaStudios™ Introduces a New Integrated Platform of Combined Browser and VR/AR Technology for E-Commerce

Retrieved on: 
Wednesday, March 23, 2022

SAINT AUGUSTINE, Fla., March 23, 2022 (GLOBE NEWSWIRE) -- Mode MetaStudios introduces a new integrated platform of combined browser and VR/AR technology that empowers manufacturers to embed, showcase and sell their goods and NFTs in the burgeoning web 3.0 metaverse.

Key Points: 
  • SAINT AUGUSTINE, Fla., March 23, 2022 (GLOBE NEWSWIRE) -- Mode MetaStudios introduces a new integrated platform of combined browser and VR/AR technology that empowers manufacturers to embed, showcase and sell their goods and NFTs in the burgeoning web 3.0 metaverse.
  • Our technology platform helps manufacturers from any sector take steps toward that vision by creating sustainable, automated, and beautiful experiences that drive both engaging experiences for the consumer and revenue and brand awareness for the manufacturers."
  • For Business Inquiries and Consult, Contact:
    Mode MetaStudios (the "Company") is a leading global business-to-business (B2B) e-commerce solutions provider offering the latest in PC, browser and gaming engine design and configuration.
  • The Company was established in 2014 and incorporated in the State of Florida.

AR/VR Headset Shipments Grew Dramatically in 2021, Thanks Largely to Meta's Strong Quest 2 Volumes, with Growth Forecast to Continue, According to IDC

Retrieved on: 
Monday, March 21, 2022

Meta's Quest 2 was by far the most popular product with 78% share of the combined AR/VR market during the year.

Key Points: 
  • Meta's Quest 2 was by far the most popular product with 78% share of the combined AR/VR market during the year.
  • In second place was DPVR, which has had plenty of success in Asian markets and captured 5.1% share globally.
  • VR pioneer HTC and China-based online video platform iQIYI rounded out the top 5.
  • "Consumer AR is still largely the domain of smartphones and tablets and will likely remain so in the near term.

Total Telecom: XR Industry Is Set to See Exponential Growth with 5G: Huawei’s Dr. Philip Song

Retrieved on: 
Friday, March 4, 2022

The XR industry will contribute US$1.5 trillion to the global GDP by 2030.

Key Points: 
  • The XR industry will contribute US$1.5 trillion to the global GDP by 2030.
  • Dr. Song added that following the mobile internet, Spatial Internet will be the next big thing.
  • Large scale development of games and gaming platforms is also acting as a catalyst to boost the XR industry.
  • Large sales of hardware and profitable software are the pre-condition for a healthy industry, shared Dr Song.

Liteboxer VR for Meta Quest Platform Becomes Available for Download in the Quest Store, Launching a New Wave of VR Fitness

Retrieved on: 
Thursday, March 3, 2022

Liteboxer VR is now available in the Oculus Store across the United States, Canada, Mexico and the United Kingdom.

Key Points: 
  • Liteboxer VR is now available in the Oculus Store across the United States, Canada, Mexico and the United Kingdom.
  • For a limited time, new consumers who purchase a Liteboxer hardware Wall Mount or Floor Stand will receive a free Quest 2.
  • Encouraging users to box to their own beat, Liteboxer VR offers the ability to customize workouts.
  • In partnership with MMA fighter Michael Chandler, Liteboxer will host an Instagram Giveaway to celebrate the launch of Liteboxer VR.

Nerdery to Host Holiday Party in the Metaverse After Pandemic Pushbacks

Retrieved on: 
Thursday, February 24, 2022

MINNEAPOLIS, Feb. 24, 2022 /PRNewswire-PRWeb/ -- Nerdery , a premier digital product consultancy, announces it will host its first employee "Holiday Party After the Holidays" in the metaverse through company-gifted Oculus Quest 2 VR headsets.

Key Points: 
  • MINNEAPOLIS, Feb. 24, 2022 /PRNewswire-PRWeb/ -- Nerdery , a premier digital product consultancy, announces it will host its first employee "Holiday Party After the Holidays" in the metaverse through company-gifted Oculus Quest 2 VR headsets.
  • Since the pandemic pushed gatherings back further than expected, the party will take place on Feb. 24 within six custom-built metaverse rooms.
  • "A big part of what makes Nerdery special is how much our community truly enjoys spending time together," said Rachel Alm, Vice President of People Operations for Nerdery.
  • The last in-person holiday party that Nerdery hosted was in February 2020 at the Minneapolis Club.

Viral Nation Earns Highest Honors in 2022 AVA Digital Awards

Retrieved on: 
Thursday, February 10, 2022

TORONTO, Feb. 10, 2022 /PRNewswire/ -- Global digital and social innovation group, Viral Nation, today announced that it was awarded two of the top prizes at the 2022 AVA Digital Awards, an international competition that recognizes excellence by creative professionals in the field of digital communication.

Key Points: 
  • TORONTO, Feb. 10, 2022 /PRNewswire/ -- Global digital and social innovation group, Viral Nation, today announced that it was awarded two of the top prizes at the 2022 AVA Digital Awards, an international competition that recognizes excellence by creative professionals in the field of digital communication.
  • The two Platinum awards highlight Viral Nation's work in digital marketing and social media influencer campaigns over the last year.
  • The AVA Digital Awards are administered and judged by the Association of Marketing and Communication Professionals (AMCP).
  • A list of winners can be found on the AVA Digital Awards website at www.avaawards.com .

Collins Teaches First UT Class Delivered Via Virtual Reality

Retrieved on: 
Wednesday, February 9, 2022

As they took in the scenic view of a desert landscape surrounding them, they watched their fellow students fill the class space, where instructor Mark Collins stood at the front of a futuristic-looking auditorium.

Key Points: 
  • As they took in the scenic view of a desert landscape surrounding them, they watched their fellow students fill the class space, where instructor Mark Collins stood at the front of a futuristic-looking auditorium.
  • For this hybrid section of MARK 460, Collins planned for six or eight class sessions in the middle of the semester to be delivered via VR and the rest face-to-face.
  • He says that while both sections achieved the required level of learning for the class, he believes the VR class absorbed the material at a higher level.
  • For future sections of the course, Collins wants to take his entire class on a virtual field trip to a store, using VR footage of retail aisles that has already been shot.