Store No. 8’s Post

The Metaverse: A Reality Check and Future Vision 🌐 The buzz around the metaverse has been unavoidable in recent years. From Mark Zuckerberg's rebranding of Facebook to Meta, to the rush of venture capital into virtual and augmented reality startups, the promise of an immersive digital world seemed just around the corner. But where do we stand today? 💸 Investment Trends: According to Crunchbase analysis, there's been a significant downturn in investments for metaverse-related startups. In 2023, U.S. metaverse investment hit a multiyear low, especially for consumer-focused companies. This trend reflects a broader skepticism about the immediate potential of virtual worlds. 👓 Tech Giants' Persistence: Despite the downturn, major players like Meta are still betting big on the metaverse. Meta has lost nearly $50 billion in its Reality Labs division, yet they remain committed, viewing this as a decade-long journey. Similarly, Apple's upcoming release of the Apple Vision Pro headset, avoiding the term "metaverse" in its marketing, suggests a more nuanced approach to immersive tech. 🚀 The Future of Immersive Tech: The metaverse concept might be undergoing a rebranding. Terms like "spatial computing" are becoming more prominent. Apple's Vision Pro, for example, aims to seamlessly blend digital and real-world experiences, addressing key concerns about immersion and comfort. 🔍 Impact on Startups: This evolving landscape could be an opportunity for startups. Those focusing on spatial computing and immersive digital environments might find more traction, especially if platforms like Vision Pro gain popularity. However, the journey is still fraught with uncertainty. 🤔 Discussion: What do you think about the future of the metaverse and immersive technologies? Are we looking at a slow burn towards a new digital frontier, or is the hype cycle leading to a more subdued reality? Share your thoughts! #metaverse #meta #ai #vc #startup

🚀AutoVRse Secures Seed Funding Led by Lumikai. 📝Summary: - AR/VR startup AutoVRse has raised $2 Million in a seed funding round, with Lumikai leading the investment. - Other notable participants include Rajat Monga, co-founder of TensorFlow and Inference.io, and Yash Kotak, founder of Jumper.ai. - The funding will be allocated towards enhancing AutoVRse's foundational enterprise product, VRseBuilder, and expanding its product suite and team size. - AutoVRse specializes in developing customized VR/AR applications for enterprises, focusing on experiential marketing, training, skill development, and design reviews. - The company has also launched a multiplayer rhythm VR game titled "District M, the Multiverse Dance Festival," and aims to expand its presence in the United States. 💡Key Points: - AutoVRse aims to leverage VR technology to enhance safety and training experiences, particularly for factory workers. - The funding will enable the company to fully utilize VRseBuilder and introduce District M to a wider audience. - Lumikai, as the lead investor, recognizes AutoVRse's potential to provide scalable VR-led solutions for real-world challenges, particularly in heavy industries. - Lumikai's investment in AutoVRse aligns with its strategy to support early-stage companies in the AR/VR space, leveraging its $50 Mn fund launched in June. 🌐Future Outlook: - AutoVRse's innovative solutions and focus on enterprise applications position it well to become a leader in immersive technology experiences. - With Lumikai's support and a strong product roadmap, AutoVRse aims to expand its market presence and continue pushing the boundaries of immersive technologies. AutoVRse #AutoVRse #Lumikai #AR #VR #SeedFunding #EnterpriseSolutions #StartUpNews #BusinessNews #MicroShots #NewsUpdates

Stay ahead of the game and discover how virtual reality is making waves in the future of e-commerce and retail technology.🖥️💼📈 Our newly-published article shines light on the innovative startup WonderSouq, founded by Mohammed Badran, which is revolutionizing the way we do business and socialize online through its immersive 3D platform. This San Francisco-based startup is a hybrid of e-commerce, logistics, retail technology, and virtual reality. 🌉🎯🛒🌐 Find out how WonderSouq is creating life-like experiences in a parallel virtual city, offering businesses a virtual platform to advertise, sell, and provide services to a wide audience. WonderSouq can be accessed via various mediums: PC, mobile and even virtual reality glasses, providing you a versatile and convenient platform to enhance your shopping experience.👓🌍🛍️📱 Don't miss out and check out our latest article on WonderSouq, taking e-commerce and retail tech to a whole new level. 💥 https://lnkd.in/gvJYXDx5 Curious about what the future holds for retail? Stay tuned in with us at USVentureNews for updates on innovative startups and groundbreaking technology. 💡🦾🤖 #Ecommerce #RetailTechnology #VirtualReality #Innovation #Startups #WonderSouq #USVentureNews

Dive into the StartelSphere's first update, your gateway to the Metaverse. Packed with innovation, connection, and opportunity, this VR space will be the ultimate launch pad for startups. The landscape is divided into three captivating areas: ■ Startel Resort ■ Downtown Innovia ■ Serenity Sphere This sneak peek focuses on the Startel Resort, a vibrant hub of interactivity and innovation. At the heart of the Resort is the Lobby, a bustling center for networking and exploration. Then, there's the Cinema, where you can dive deep into immersive presentations. It's not just a cinema - it's a revolution in experiencing media. We've also launched Meeting Rooms for those seeking a professional ambiance within StartelSphere, and the Private Room for those confidential, high-stakes discussions. This is just a glimpse into StartelSphere's universe. Stay tuned for more thrilling updates. Your adventure begins now. Experience StartelSphere in action on Meta Quest 2. Watch the Preview ▶ https://vist.ly/6ivx #StartelSphere #JBT3 #JBT3Studios #Metaverse #MetaQuest2 #Unreal #Startups

🚀 Exciting News in Tech! 🌐✨ Get ready for a tech revolution! 🌟 The augmented reality (AR) market is projected to grow at a stunning 10.77% annually from 2024 to 2028, reaching a whopping US$58.1 billion by 2028! 🚀✨ 👓 Imagine a world where AR transforms the way we learn, play, and work! From immersive gaming experiences to cutting-edge healthcare applications, the possibilities are limitless! 🎮🏥 📈 Join the journey of innovation and stay ahead of the curve. The future is now, and it's augmented! 🌈✨ #MirrAR #AugmentedReality #ARInnovation #DigitalMirror #ImmersiveTech #startup #ARExperiences #InnovateWithMirrAR #FutureTech #EnhancedReality #ARShopping #VirtualStore #ARApplications #EcommerceAR #ARFilters #Simplisell #ImageTargeting #MetaverseTech #ARInnovators #TechSolutions #ExperienceDigital #InteractiveAR #ARDevelopment

Unlocking Business Horizons: Does the Metaverse stand at a crossroads - dwindling, flourishing, or ingeniously evolving? A closer examination of the metaverse reveals that it has the potential to increase social interaction, foster empathy, and create more connected worlds through immersive experiences. Using Pariz's Metaverse and GameFi's ZEST, businesses can now tap into unprecedented levels of user engagement and the emerging creator economy. Listen in as Lokesh Rao (Co-founder, Trace Network Labs) discusses how Pariz Metaverse propels brands to new heights with immersive virtual experiences and unprecedented user engagement! Watch now to learn more about: A digital approach to brand engagement and growth. How Pariz uses AI innovations and ZEST's gaming platforms to enhance brand interactions and access the emerging Creator Economy. How Pariz ensures that businesses remain at the forefront of the Metaverse's evolution. #Metaverse #Startup #entrepreneurship Ipsita Basu | Candida D. | Pallavi Pahwa

Thrilled to share this feature on Shaffra, one of the esteemed experts we have onboard, in The National News - Generation Start-up column. Shaffra is not just another start-up; it's a game-changer in the #Metaverse space. With its innovative 3D engine, Shaffra is making it easier and more affordable for companies and government agencies to build their own virtual worlds. In a rapidly evolving digital landscape, Shaffra's work is crucial for organizations looking to engage with their audiences in new and exciting ways. Their platform offers a more immersive and memorable experience, which is a win-win for everyone involved. Learn more about Shaffra's journey, its offerings, and what the future holds https://lnkd.in/dNPZpRFz #Innovation #DubaiStartUps #Metaverse #DigitalTransformation

Octonic currently wirelessly connects with 40 treadmill brands, allowing users to adjust treadmill controls, including start/stop and speed, from within VR, but we are not stopping there. During the last week of July, some of our core team members embarked on a Midwest roadshow to meet with numerous treadmill manufacturers at their headquarters, with the goal of finalizing partnerships for Octonic’s integration into their product ecosystems. We had extremely productive meetings with company leaders at all our visits, which included facilitating product demos to show how our app would work with their treadmill products. Moving forward, we have a number of deliverables for each manufacturer we met with, and hope to finalize agreements in the near future. Partnerships are just one piece of the puzzle for our company’s growth, which will also require scaling up our development team to keep innovating, in addition to augmenting our marketing effort to ensure that more potential customers know about us. But in order to accomplish these objectives, we need additional resources. With your support, we will be able to take Octonic to new heights and truly make an impact on the fitness industry. Invest today: https://lnkd.in/ec2FzUJg #startengine #diversify #alternativefinance #investment #fintech #investsmarter #investing #alternativeinvesting #investsmart #angelinvesting #crowdfunding #equitycrowdfunding #startup #startuplife #apple #meta #vr #xr #visionpro #metaquest3

Can you believe that 88% medium-sized brands are using augmented reality in some way, whether big or small, to power their business?🤯 This helped their brand to increase sales, decrease return rate, and SKYROCKET user engagement!🚀 Have you used augmented reality in your work place? Let us know! #uprealdigital #virtualreality #artificialintelligence #immersiveexperience #oculus #mixedreality #virtualrealityworld #virtualrealitygames #virtualrealityexperience #virtualrealitybusiness #virtualrealitynews #techtrends #techworld #itsolutions #augmentedreality #computervision #technologyrocks #oculusvr #cybervibe #futuretech #oculusquest #techindustry #buildtheweb #digitallife #technews #usa🇺🇸 #techstartups #technologytrends #techtips #techblogger