Snap ended the developer conference this week without mentioning the global “metaverse.” The first AR camera company introduced a drone weighing four ounces called the Pixy. It will follow your movements on five predetermined flight paths. Snap co-founder and CEO Evan Spiegel told Casey Newton of Platformer, “Snap is a camera company, and a camera that flies is a good step forward.” The Pixie is only $ 299. It takes 6-8 flights per charge, recording 60 seconds of video (no sound). The idea is to go to a place where Tinkerbell feels like your personal photographer, Spiegel said. Snap grew faster than FB and Insta. The application is used by an international audience of more than 600 million people per month, three -quarters of which are between 13 and 34 years old.
Metaverse Tasers. Axon Enterprises, maker of the Taser, acquired VR studio Foundry 45 to strengthen its training business. Foundry 45 works for large clients such as Delta Air Lines, AT&T and others. The all-stock transaction cost $ 6.87 million.
Womp pledges $ 4.7 million to democratize cloud-based 3D software and transform the design industry Founded in 2019, Womp is a 3D creation platform that combines social features with powerful design tools. The Female Founders Fund and Haystack are leading the way for the SaaS launch to open a private beta to further refine the product.
Chinese start-up Nreal launched its augmented reality glasses in the UK this spring. The Beijing-based company announced on Tuesday that it will launch Nreal Air AR glasses in Britain later this spring through an exclusive deal with local carrier EE, which is owned by the telecom group. BT.
The Tribeca festival reveals its 2022 immersive lineup. The Tribeca Film Festival continues the tradition of presenting cutting-edge, problem-focused and artistic virtual reality experiences in person in New York City at 50 Varick Street and online June 8-19. The virtual exhibit is at the Museum of Other Realities showcasing most of the festival’s 21 experiences. The lineup includes EVOLVER, a journey through the inner landscape of the human body from executive producers Edward R. Pressman and Terrence Malick, created at Marshmallow Laser Feast, with music by Jonny Greenwood; Please Believe Me, an investigation into Lyme disease by Peabody Award winner Nonny de la Peña; and Plastisapiens, an exploration of how the environment affects human evolution.
Disney’s plans for the Metaverse. In an uncluttered LA Times report, Mike White, head of Disney’s Metaverse, is said to have led internal meetings with stakeholders in “next-gen storytelling.” In fact, Metaverer should naturally come to the company that has been building theme parks – virtual worlds – since 1950. It’s also an epic opportunity for its competitors. No real estate required.
Meta Stock rose 20% as the company beat low expectations. Facebook and its revenue jumped in the last quarter. XR revenue grew 30% annually, from $ 534 million in Q1 2021 to $ 695 million in Q1 2022, but costs grew faster, at 62%. CEO Mark Zuckerberg reiterated that he does not expect to see a large return on ongoing investment until the 2030s.
The first “Meta Store” opened in California in May. The company’s first retail store will be located on 1,550 square foot of space on Meta’s campus in Burlingame, Calif., Which is home to many virtual reality and augmented reality-specific development efforts from Meta, and it will allow the public to experiment. and purchase any physical Meta products.
Meta partners with the Smithsonian for the Moonwalk VR exhibit. The Moonwalk experience is set to coincide with the 50th anniversary of the Apollo missions. Visitors wear helmets in Meta Quest 2 and see the lunar landscape as if they were Apollo astronauts. They could see the rover exploring, kicking in the dust and listening to real-time astronaut conversations from the Moon’s surface.
This week on XR now a podcast hosted by Ted Schilowitz, futurist at Viacom, and Charlie Fink, the author of this weekly column. Our guest this week is Steve Sinclair, SVP Product and Marketing for AR contact lens maker Mojo Vision. You can find us on podcasting platforms Spotify, iTunes, and the YouTube.
What we read
Tim Sweeny of Metaverse (Mark Sullivan/Fast Company)
Axie Infinity’s “decentralized” web3 startup and its users know the hard way without a safety net (Connie Loizos/Techcrunch)