$56 Million For Ready Player Me Avatars, Inworld Raises $50 Million For AI NPCs, New AR, VR Headsets

Consumer Tech $56 Million For Ready Player Me Avatars, Inworld Raises $50 Million For AI NPCs, New AR, VR Headsets Charlie Fink Contributor Opinions expressed by Forbes Contributors are their own. A former tech executive covering XR and The Metaverse for Forbes. New! Follow this author to stay notified about their latest stories.

Got it! Aug 25, 2022, 07:04pm EDT | New! Click on the conversation bubble to join the conversation Got it! Share to Facebook Share to Twitter Share to Linkedin An assortment of varied cross-platform avatars from Ready Player Me. Ready Player Me Ready Player Me Cross-Platform Avatar System Raises $56M The round was led by Andressen Horowitz. This follows a December 2021raise of $13M.

The Estonian company’s avatars have been integrated into 3,000 apps including VRChat, Spatial, and Somnium Space. Once cross-platform teleportation protocol is developed, Avatars-as-a-Service will grow exponentially. Facebook and Epic are developing similar products but, for the time being, they are behind the seven year old start-up that started life as character contractor Wolf3D.

Inworld AI raises $50M to populate games and the metaverse with smart characters , This brings their total funding to date to $70M. Academy award winner for SFX (The Matrix) John Gaeta has been named Chief Creative Officer. We saw a demo of this at AWE.

NPC’s (non-player characters) are fixtures in the video game world, but they’ve lacked context, and language recognition needed to carry on longer conversations. The funds will be used to build out its developer platform. Section 32 and Intel Capital led the round, which also included investments from Founders Fund, Accelerator Investments, First Spark Ventures, Kleiner Perkins, Bitkraft Ventures, CRV, Microsoft’s M12 fund, Micron Ventures, LG Technology Ventures, SK Telecom Venture Capital, and The Venture Reality Fund.

The 2022 technology Hype Cycle includes the Metaverse for the first time. Gartner Group The Metaverse Is Added To The Gartner Hype Cycle. But with a 10+ year outlook, and a trough of disillusion in the near term.

On the other hand… what is a metaverse? Nike says its Roblox. What do you think? One Community, Many Voices. Be the first to comment comments posted on Forbes.

Add your voice now. Join the Conversation Nearly 7 million people have visited Nike’s store in Roblox No word on how much engagement this yielded. Roblox has 43M daily active users.

The most remarkable thing about this announcement is that Nike characterizes this as their “metaverse” (smh) but it is big validation of the strategy of building branded “places” inside game metaverses. If I were Nike, I’d be looking at Fortnite, Rec Room, VR Chat, Horizon, etc. Mark Zuckerberg released this image to tease the future quality of Horizon Worlds’ graphics.

Meta The Selfie That Launched A Thousand Trolls leads to an important upgrade announcement. You may remember in the distant past (last week), to celebrate the launch of Horizon Worlds in France, the Meta CEO took a selfie inside Horizon with the Eiffel Tower in the background. Selfies taken inside Horizon do not come out well.

The Wii had better graphics, groused one critic. In response, Zuckerberg rolled out some of the graphics upgrades ahead for Horizon. Take that, haters! Vuzix Launches Vuzix Blade 2 Smart Glasses The second generation of the $1299 smart glasses for enterprise will be available on the Vuzix web site September 1st.

Features include head tracking, a touchpad and voice commands, see-what-I-see virtual assist and collaboration software, real-time data, work instructions, mixed reality, HD photography and video streaming. The waveguide optics provide a private, ultrabright display that delivers 24-bit full-color images indoors and out. Sleek, loaded with features, and still tethered to a game console.

Expect the price to be under . . .

[+] $500, competitive with Meta’s Quest. Sony Sony Confirms Playstation 2 VR Launching in Early 2023 . The headset has outstanding features, 2K per eye OLED, internal and external facing cameras for pass-through.

It is not backwards compatible, meaning it will only work with the PS5, which is finally widely available. New Meta HMD confirmed for oct launch Speaking to Joe Rogan, CEO Mark Zuckerberg said the headset formerly known as Cambria would be released in October, presumably as the Quest Pro. Hamish Hector tried Starburst, an experimental VR headset which Meta Reality Labs exhibited at computer graphics convention Siggraph earlier this month.

The futuristic HMD ran on a powerful PC, and weighed so much it had to be attached to a boom arm. Starburst is 2,000 times brighter than the Oculus Quest 2. Their new music metaverse in Fortnite plans to host 20 events in the next year.

iHeartMedia iHeartMedia Plans to Host Metaverse Concerts In ‘Fortnite’ Virtual World . The in-game effort will kick off the first of twenty concerts and events with a Charlie Puth concert on Sept. 9.

In addition to the main stage, iHeartLand in Fortnite includes mini-games, a recording studio, a virtual red carpet and a replica of iHeart’s headquarters in New York City. VR Studio Felix and Paul to Livestream the launch of NASA Artemis in 360 in Virtual Reality on Meta Quest, on 360 Facebook Live, in Domes and Planetariums, and via Mobile apps. You, too, can breathe fire, thanks to Snap and HBO.

Snap Game Of Thrones Prequel Gets The AR Treatment on Snap Snap Inc. is launch a series of AR-powered Lenses inspired by House of Dragons . This includes a selfie Lens that turns you into a fire-breathing dragon as well as a unique worldview Lens that utilizes sky segmentation technology to fill the sky with terrifying flying beasts.

Snapchat hired its creators around the world to create high-quality location-based experiences in Chennai, India, London, UK, Venice Beach Grand Canals – Los Angeles, California, Mumbai, India, Prague, Czech Republic and Rio De Janeiro. “Nerf Ultimate Championship” Launching On Quest 2 . In VR, you don’t have to chase down spent ammo (or make your brother do it) in order to continue the game.

For $14. 99, this 4v4 multiplayer arena shooter from Canadian VR Studio Secret Location, features multiple modes, including point capture, king of the hill, and 4v4 team-based battle. City Builder Deisim Moving From App Lab To Quest Store The popular VR city builder launched as a PC title in 2018.

In spite of moving to the official Meta Quest store the $14. 99 price will be unchanged and all previous purchases, including the PC title, will include the newly anointed title. This Week in XR is also a podcast hosted by the author of this column and Ted Schilowitz, Head of Future Technologies at Paramount Global.

This week we’ll be joined by John Gaeta, Chief Creative Officer at InWorld AI, which just raised $50M for AI enabled NPCs. He’s also one of the founders of LivingCities. xyz, which was announced two months ago.

The former Magic Leap SVP won an Academy Award for SFX on The Matrix. You can find us on Spotify , iTunes , and YouTube . What We’re Reading ‘Phantom Touch’ and the (Real) Pleasures of Virtual Dating: Just a girl looking for love in the metaverse.

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