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| Hey Insiders -
🗞️ Today's issue features Omniverse utilizing OpenUSD, a dive into Pokémon GO's all-time IAP revenue, XRHealth's VR for mental health, and more.
⏬ Scroll down for some Quick Hits and our Upcoming Events section.
💬 Your thoughts matter to us — don't hesitate to hit reply and share your feedback! If you find this newsletter useful, please share it with your friends and colleagues. Thank you. Vildana
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| 1 | | Nvidia's Omniverse platform now integrates the OpenUSD framework and generative AI. This accelerates virtual world creation and industrial digitalization. More: - Nvidia announced Omniverse updates at the Siggraph event in Los Angeles.
- Omniverse is a unifying platform for the industrial metaverse.
- Generative AI will significantly boost Omniverse's capabilities.
- Omniverse's major upgrade includes new connectors and advanced foundation applications.
- Omniverse Audio2Face provides AI APIs for realistic facial animations.
- Over 600 core Omniverse extensions are now provided by Nvidia.
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Last week, NVIDIA joined the newly established "Alliance for OpenUSD" (AOUSD) with Apple, Pixar, Adobe, and Autodesk, aiming to advance and standardize Pixar's "OpenUSD" technology. |     | |
| 2 | | Between January and August 2023, in-app purchases for Pokémon Go generated over $324M globally. 
What the numbers say: The game saw its peak profitability in 2020 when many players explored it amidst the COVID-19 pandemic. Relevance: In 2016, Pokémon Go became an instant global sensation. Released on July 19, the app garnered over 10 million downloads globally within its first week, marking Nintendo's inaugural dive into mobile gaming. Using location-based augmented reality, the game lets players capture, train, and battle virtual Pokémon in real-world settings through their smartphones. Though its initial buzz has mellowed, the game remains popular, especially in Asia, with millions of active players worldwide. | | | |
| A message from our sponsor, Virtuix. |  | | Remember when your parents said video games were a waste of time? Well, jokeʼs on them. Thatʼs because the gaming industryʼs estimated 2.5x growth potential is creating the perfect opportunity for you to invest in Virtuix. Virtuixʼs omni-directional treadmills revolutionize gaming by letting players walk, run, crouch, and jump 360 degrees inside popular games and virtual worlds. In fact, itʼs been such a hit that they’ve already sold over $16M worth of products to companies like Dave & Busterʼs while building a community of 300k+ registered players. Now Virtuix is ready to scale massively by bringing their ultimate gaming experience to millions of homes. Invest in Virtuix by Aug. 10 to be a part of the future of gaming. Learn More | |
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| 3 | | XRHealth's Virtual Reality (VR) therapy in the metaverse effectively reduces anxiety and stress. The study showed a 34% reduction in Generalised Anxiety Disorder (GAD) and a 32% decrease in stress among participants. More: - In the U.S., a staggering 6.8 million adults live with GAD, highlighting the pressing need for innovative treatments.
- XRHealth's groundbreaking VR therapy offers patients the unique opportunity to receive mental health treatments right in their homes.
- The comprehensive study involved a diverse group of 61 participants representing various gender identities.
- During the study, participants were immersed in carefully designed relaxing environments and were introduced to mindfulness exercises.
- The main finding was that stress levels in participants aged 18-24 experienced a dramatic 73% reduction, showcasing the therapy's effectiveness.
- XRHealth is pioneering comprehensive therapeutic care solutions for patients worldwide by seamlessly integrating licensed clinicians with advanced data analytics.
Zoom Out: - The rapid advancements in technology and healthcare have projected the global VR in the healthcare market to reach $2.2B by 2026.
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| 4 | | Fewer than 10% of Ray-Ban Stories owners actively use their purchase. This insight on the AR glasses, jointly developed by Ray-Ban and Meta, was revealed in a recent Meta document reviewed by The Wall Street Journal. More: - Meta plans a second-generation Stories release with Ray-Ban soon.
- Meta's AR glasses launch has been postponed until at least 2027
- A third-generation launch is expected in 2025 with advanced features.
- Ray-Ban Stories debuted in September 2021 with built-in cameras and speakers.
- They aren't "true" AR devices, differing from Meta's in-development AR glasses.
- The second-generation Stories will have improved battery life and better cameras.
- Only 27,000 out of 300,000 Ray-Ban Stories buyers are monthly active users.
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| A message from our sponsor, Vanta. |  | | Streamlining SOC 2 compliance with Vanta and AWS Achieving SOC 2 compliance can unlock major growth for your company and establish a foundation of trust, but the process is often costly and manual. Join Vanta and AWS on August 17th at 10 am PST, where Matt Cooper, Senior Manager, Privacy, Risk & Compliance at Vanta, and Andrew Watkins, AWS Principal Solutions Architect, will cover SOC 2 compliance and show how Vanta and AWS work together to simplify and accelerate the compliance process. You’ll learn about: - The challenges of SOC 2 compliance
- How Vanta and AWS streamline compliance
- Best practices for implementing continuous security
Can’t make the time? Register anyway, and you’ll get a link to the recording! Register Now | |
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| 5 | | The UAE Public Prosecution is hosting a global summit on metaverse governance. This first-of-its-kind event gathers experts on metaverse and related technologies. More: - Summit discusses challenges and opportunities in governing the metaverse.
- It focuses on AI, cybersecurity, digital currencies, and blockchain investigations.
- The summit aims to improve global quality of life using revolutionary technology.
- UAE seeks leadership in metaverse governance and international cooperation.
- The event promotes UAE as a hub for Metaverse-related investments.
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In 2022, Saudi Arabia initiated a $6.4B tech fund to support investments in blockchain, metaverse, and other cutting-edge technologies. | | | |
| 6 | | Arcfield acquired Strategic Technology Consulting (STC), specializing in providing digital twins. This was Arcfield's first major acquisition since its establishment less than two years ago. More: - The specific terms of the acquisition, announced recently, remain undisclosed to the public.
- STC's innovative digital twins are designed to represent real-world physical products accurately.
- Model-based systems engineering (MBSE) is a novel approach that precedes domain models.
- Arcfield has consistently emphasized the importance of digital engineering in its operations.
- Arcfield operates under the financial backing of Veritas Capital's Vantage Fund, an equity firm.
- In the winter of 2021, Veritas Capital strategically separated Arcfield from its then-parent, Peraton.
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| 7 | | QUICK HITS: *This is a sponsored post. | | | |
| Upcoming Events | | AUG
5 | | Learn about streamlining SOC 2 compliance with Vanta and AWS. Join the webinar on Aug 17.* | | | | | | | OCT
4 | | Join this free hybrid event in Amsterdam and you'll hear from industry experts at Meta, Opera, AdGuard, Mozilla, Google, and more.* | | | | | | | OCT
16 | | Meet Our Fund 5, Building and Investing in AI | | | | | | | NOV
7 | | Join 300+ CCOs and senior leaders from Amex, Verizon, Hilton, Wells Fargo and more at Reuters Events: Customer Service & Experience East 2023.* | | | | | | * This is a sponsored event | | | |
Term of the Day Internal rate of return: VC firms use internal rate of return (IRR) to analyze a fund’s performance and give the annualized percentage returns earned by the fund. Question of the Week Do you think the 9-to-5 workday still relevant in today's modern workplace? Join the conversation |
INSIDE METAVERSE LEADERBOARD (ALL-TIME) |
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 | Invest in Virtuix before this opportunity ends on August 10. | |
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