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HaptX, a developer of high-end virtual reality gloves, has just raised $23 million.

HaptX Raises $23 Million Investment

The virtual reality glove manufacturer HaptX has announced the successful completion of a $23 million funding round. The money will be used to speed up the release of the company’s next generation of products, according to the company.

HaptX has spent a lot of time and effort perfecting its haptic VR gloves for business use. The firm also boasts force-feedback and micro-pneumatic haptics, which apply pressure to the skin to simulate the sensation of an object resisting your grip. While HaptX’s haptic VR gloves are the most realistic I’ve tried, they are also the heaviest and most expensive.

The company reports high demand from businesses after the release of its ‘DK2’ gloves in early 2021.

Based on this success, HaptX recently made public its receipt of a $23 million fundraising round, bringing the total to around $58 million. Verizon Ventures, Mason Avenue Investments, and Taylor Frigon Capital Partners joined the fresh round of funding led by AIS Global and Crescent Cove Advisors.

Credits: Taken from VR Scout

HaptX also announced that it has “extended its partnership with AIS Global,” signifying AIS’s intent to assist HaptX in expanding its business to meet the needs of more consumers.

“HaptX and AIS Global have built a deep, successful relationship dedicated to innovation at the cutting edge of the high-growth global haptics market,” stated Joe Baddeley, CEO of AIS Global. HaptX’s commercial footprint will be rapidly expanded thanks to the backing of AIS Global and KPS, who are “thrilled to provide the resources, commitment, and experience essential to support fast expansion.”

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Immerse Global Summit Europe SEPT 28-30, 2022

Immerse Global Summit Europe

Immerse Global Summit EUROPE

SEPT 28-30, 2022
SAVOY PALACE AT FUNCHAL, MADEIRA ISLAND, PORTUGAL

Immerse yourself in best-in-class experiences, industry thought leaders, and business and tech seminars to achieve greatness in business and technology growth. 

Immerse Global Summit (IGS) provides you and your organisation with the chance to generate ideas, grow your business, meet new partners, and close agreements. Immerse Global Summit provides the ideal venue for education and networking with IT developers and professionals in order to engage with clients and consumers. 

It gives a platform for you to study, demonstrate, educate, advertise, and promote your ideas and requirements to the appropriate audience.

Immerse Global Summit (IGS) is in its fifth year of supporting the immersive technology ecosystem by delivering world-class conferences and exhibitions spanning both corporate and consumer technologies across North America and Europe. 

IGS events include world-class thought leaders and speakers as well as technology-related and company growth strategy discussions and workshops. 

Fortune 500 worldwide businesses, universities, mid-size enterprises, start-ups, and consultants are among the speakers, sponsors, and exhibitors. Our events attract some of the world’s most recognised corporations and thought leaders, and we are dedicated to encouraging inclusivity and diversity. 

Over the previous five years, over 40,000 individuals have attended Immerse Global Summits, which have included both in- person and virtual conferences. Immerse Global Summit will undoubtedly provide you with game-changing ideas and contacts.

The Immerse Global Summit 2022, hosted by the Virtual and Augmented Reality Association (VRARA), is a content-driven virtual, augmented, and mixed reality (VR/AR/MR) technology exhibition with representatives from over 500 internationally recognised extended reality (XR) organisations. 

Various seminars and keynotes will be held at the Miami event to cover upcoming XR themes. It will cover subjects such as NFTs, Web3 AI, Holograms, Volumetric Capture, and much more. Immerse yourself in best-in-class experiences, industry thought leaders, and business and tech seminars to achieve greatness in business and technology growth.

IGS provides you and your business with the option to:

• generate concepts

• grow your company 

• meet new partners

IGS provides the ideal venue for education and networking with IT developers and professionals in order to engage with clients and consumers. It gives a forum for you to study,

demonstrate, educate, advertise, and promote your ideas and requirements to the appropriate audience.

This expo will showcase the finest immersive technology has to offer, including hardware, gaming, augmented reality experiences, live performances, interesting experiences, and multiplayer games. They have food trucks, entertainment, and fun for the entire family!

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10 examples of the metaverse for business and IT leaders

Metaverse for business

Metaverse has the ability to reproduce the real-world utilising cutting-edge technology such as AR and VR. Metaverse, as the next generation of the internet and social media, provides many economic chances to businesses all over the world.

What does the Metaverse mean for business?

We are still in the early stages of the metaverse, but there is enormous promise businesses can revolutionise everything from how they connect with customers to the products and services they offer, production and distribution processes, organisational operations, and more.

According to Accenture’s Tech Vision 2022 Report, 71% of global executives believe the metaverse will have a positive commercial impact on their organisations, with 42% expecting it to be “breakthrough” or “transforming.” According to JP Morgan, the metaverse will permeate every sector in the coming years, creating market potential worth more than $1 trillion in annual income. Now is the time to plan the next decade of business, to create new worlds and markets in the metaverse.

Here Are Top 10 Metaverse benefits for businesses

Metaverse for social mer

1. Better Social Media Experience

In his letter to shareholders in October 2021, Meta (previously Facebook) founder Mark Zuckerberg used the term “Embodied Internet.” And this is exactly what social media will become if the metaverse gets widespread.

Currently, social media platforms such as Facebook, Instagram, and WhatsApp are 2D platforms, with users just seeing a screen and the content that is shown on it. Interaction is confined to ‘liking’ ‘commenting’ or ‘sharing’ which will be drastically altered once the metaverse is activated. Social media will become immersive, with real-time interactions and meetings, exactly as in the real world, thanks to AR and VR-powered metaverse. 

Instead of just a screen to connect with, social media will duplicate the real world, where people, or rather avatars of users, would interact, communicate, and engage in a 3-D realm, akin to how social media works in real life

met averse for new avenues

2. New revenue sources

Companies are already selling things and services that can only be purchased online. gucci has collaborated with Superplastic, a product and entertainment firm, to create a limited run of collector NFTs. Ralph Lauren is selling avatar clothes, while Nike is developing an NFT that connects to its real-world equivalent.

The fact that well-known fashion labels are offering digital-only clothes and accessories, following in the footsteps of gaming platforms that have been selling comparable things for many years, may speak to prospects for the larger commercial landscape.

Avila believes that selling digital assets might be a lucrative opportunity for many businesses.

Metaverse for education

3. Education and Learning

The Metaverse’s educational and learning potential is as exciting as its other applications. VR mixed with Metaverse effects has elevated the learning experience to a whole new level. 

Students can now witness live experiments that make use of more extensive and high- quality knowledge resources. In a recent video from New York, pupils learn astronomy in a virtual spaceship rather than in a classroom. This is only the beginning of a new age in education. 

Metaverse also removes language barriers by allowing students from all over the world to receive knowledge from a unified digital place free of social and linguistic obstacles. 

Another Metaverse example is Microsoft’s Mesh, a mixed reality platform where instructors, staff, and students can interact using 3D avatars. Mesh may be used to attend video conferences and live sessions by using Microsoft Holo lens, a wearable AI.

metaverse for brands

4. Engaged users

For internet users, the Metaverse gives up a whole new universe of entertainment possibilities. If your company is ready to offer your clients a Metaverse experience, you could get a more interactive and engaged audience for your brand. 

You can give your consumers anything from virtual items to gaming adventures to AR/VR showrooms.

metaverse for entertainment

5. Entertainment’s Future

In the next days, we may witness the birth of a new, never-before-seen entertainment business at the heart of the metaverse: Consider virtual concerts attended by millions of avatars, each paying a charge to get admission and experiencing live performances by top- rated celebrities from the comfort of their own homes.

Another notable application of a metaverse is virtual reality theme parks, where individuals from all over the world may attend, participate in, and enjoy unique rides without leaving their homes.

Sports are the same way: unique competitive sports can be organised within the metaverse, complete with advanced and fair sports betting, and more. These useful and effective commercial applications are just the beginning. When a fully functional, feature-rich,

immersive metaverse is built, we may see a plethora of various business applications such as eCommerce, legal sector, manufacturing, commerce, books, movies, audio streaming, and more.

Tech Ahead is currently testing and studying some cutting-edge metaverse-based commercial apps that have the potential to revolutionise the world And we will continue to share our learning experiences in order to empower our clients and consumers and assist them in accelerating their business growth.

6. Real estate

One of Metaverse’s key benefits is its capacity to provide clients with the ultimate virtual reality experience. It’s no surprise that a real estate market specialty might be profitable using Metaverse.

With Metaverse property tour choices, realtors do not have to travel to the site, and clients do not have to waste time travelling to dozens of houses. In fact, prospective buyers can take a Metaverse real estate tour and study all available alternatives in real time.

Furthermore, the virtual tour in Metaverse can be customised to the client’s scale, taste, and design. The real estate industry is also planning to invest in Metaverse app development that is specifically tailored to the demands and requirements of realtors.

Metaverse for events

7. Virtual event opportunities

A live performance by your favourite musician may not be as amazing on TV as it is in the Metaverse. You may even host virtual events for your consumers to give them a sense of presence in their selected location.

Museums and galleries can also use Metaverse to obtain the attention they deserve. An NFT avatar show was recently held, and 300 distinct avatars were sold in a single day.

Sell and showcase products eCommerce retailers and enterprises are actively embracing Metaverse to give their customers a better experience when trying on clothes, eyewear, house furniture, and everything in between. Businesses can also set up virtual stores to exhibit their products and services, potentially attracting a significant number of new customers. 

meta verse for innovation

8. Innovative marketing

As previously said, Metaverse has pioneered a unique way to brand storytelling in order to foster inventive awareness and business identity.

Metaverse alters storytelling and “story living,” where the audience is no longer just a passive listener but an active participant making product choices.

meta verse for cryptocurrency

9. Simple transactions

Cryptocurrency and the Metaverse are inextricably linked. Today’s digital environment necessitates digital money, which has grown even more accessible thanks to digital wallets and cryptocurrency. In the Metaverse, users do not need to link their bank accounts, and payments are merely a few taps away.

meta verse for remote working

10. Remote working

The Metaverse has caused a significant shift in the way traditional business is conducted. 

Numerous businesses are already utilising the Metaverse’s virtual business architecture. Nike, Intel, YouTube, McDonalds, and emerging startup’s such as Gravity Sketch and Upland are among those with virtual offices.

Another Metaverse use case for remote work is virtual reality training, in which employees can be instructed through a simulated experience. One of the most significant benefits of the Metaverse is VR training, which blends official corporate training with hands-on learning by providing employees with access to videos, manuals, audios, and other digital environments.

Aside from training, the most popular developments in the digital workplace are remote working in virtual environments, worker communication and collaboration via VR devices and remote meetings using 3D avatars.

Conclusion

The above mentioned Metaverse use cases and benefits provide a general overview of what Metaverse is and how it works for organisations and enterprises. 

Metaverse will become an important component of our daily life over time. While early Metaverse prototypes are already being tested in numerous industries, it is now time for businesses to take the next step and incorporate Metaverse technology.

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VR Arcade With Holograms Opening at Shanghai Disney

According to the images presented, visitors to Shanghai Disney Resort in China may expect a lot from the new VR entertainment centre that will be opened by VR entertainment business SoReal.

Two floors of immersive entertainment will be available in SoReal’s flagship VR SuperSpace, some of which are based on the hugely popular Chinese classic novel Journey to the West. Visitors can choose from a number of location-based VR experiences on the first floor. This features a VR motorcycle experience as well as a “weightless” VR game where players hang just over the ground.

Inside Shanghai Disney

On the second floor, visitors will find a walkthrough VR experience based on the hit Chinese film series The Monkey King. Here they can battle it out in both single-player and multiplayer experiences alongside friends and strangers. The entertainment center will also feature holograms and various other special fx.

“We are extremely excited that SoReal’s first flagship store in Shanghai will open in Disneytown very soon,” added Michael Qi, co-founder, and CEO of Sky Limited Entertainment. “Our team has been working tirelessly over the past year to design and create this exciting new theme, tailored content, and unique experiences that will be available exclusively in this new location at Disneytown.”

The SoReal VR SuperSpace will be open to the public at Disneytown’s Lakeshore area. Those interested can purchase tickets bundled with admission to Shanghai Disneyland beginning September 10th. Tickets for just the SuperSpace can be purchased individually right now.

By Twin Reality:

Virtual reality arcade games are a lot of fun, according to Twin Reality. We all want to know how we can take advantage of virtual reality and turn it into a profitable venture, so we recommend that you start a VR gaming centre in your city if you have the necessary funds. 

We produce unique virtual reality applications, and we would love to speak with you and assist you in setting up your own VR arcade.

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What is Web 3.0?

2021, if at all, will be remembered for the multiple tech jargons that it threw up our way. From Meta to Crypto to Semiconductor chip shortage and finally Web 3.0, we have been exposed to a whole new world of technology that was rarely imagined before.

The common man on the street is technologically smarter thanks to the scrolling device on his palm. Tech has multiple implications on him, as he learnt, from what continues to be a financially draining pandemic. Well, now coming to the topic of the day, Web 3.0. Brace your seat belts, for this is going to be a short story time.

When a vast majority of today’s techies was in their growing up years, we were used to seeing static websites of companies, merely stating the facts, stats and much more on HTML on the browser. That changed into dynamic data storing and interactivity-based in the early 2000’s. That led to transmission of a lot of personal data on the web with new-age e-commerce start-ups like Amazon and Flipkart entering the internet age. And when the personal data got leaked, it obviously led to a lot of ruckus on privacy issues and data theft, more commonly known as cyber security issues.

It is from cyber security that blockchain concepts developed and as one thing led to another we suddenly stare at a Block-chain technology-based Web interactivity, which these days is Web 3.0. To the new ones, blockchain in simple terms means you owning your data and sharing it on mediums you control / create.

Decentralization of data from the traditional Big 4 uncrowned kings: Microsoft, Google, Facebook and Apple. Thus, decreasing dependency on their servers and using impenetrable blockchain networks.

Now, an exit from the story mode and into hard-core technology facts. Web3 will be based on Ethereum (sub-domain of Blockchain and an open-source smart contract functionality) and NFT (Non-Fungible Token) which is used to store data on Blockchain and these will be owned and under the control of the user himself.

There are pros and cons to this new tech, which is being fervently debated on Twitter since the start of this month. To summarize however, the positives are increased privacy, security, scalability and extremely hard for data monopoly. The negatives are more on the legal and government based. They are extremely tough to regulate with laws.  Though the far spread use of Blockchain still remains a distant dream as on date, still it has got so many Venture Capital Firms around the world excited. They have a valid reason to do so, since the Meta and VR has taken the world by storm.

People are rushing to create things which wont even exist in real world until you put on those huge white head gears called as VR Headsets. Coming back, however, the picture still is hazy. A lot depends on how various governments accept and create laws on crypto and Block chains until which the Web 3.0 debate can enjoyed from afar.

Hi there! We are Twin Reality, an Indian start-up trying to pioneer the VR and AR revolution in the country. We also regularly blog about the latest trends and technologies in this domain. If you like to read or articles and blogs and business case studies, make sure to reach us and follow us over our social media handles.