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| Hey Insiders! 🗞️ Today's Metaverse issue features Lenovo launching a handheld device, a dive into the Ubisoft annual digital bookings, China Mobile introducing a 5G ultra network, 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 | | Lenovo has entered the handheld gaming console market with its Legion Go, announced at IFA 2023, aiming to compete with Nintendo Switch and Steam Deck. An AMD Ryzen Z1 Extreme chip powers the device, features 16GB of DDR5 7500MHz memory, and is priced at 799 euros ($866). More: - The Legion Go runs on Windows 11, supporting Steam, Epic Games, and Xbox Game Pass games.
- The device boasts an 8-core, 16-threaded CPU configuration based on the new Ryzen 7000 series mobile processors.
- The console has a 49.2Wh battery capacity and supports Lenovo's Super Rapid Charge, reaching 70% battery in under 30 minutes.
- The display features an 8.8-inch QHD+ screen with 500 nits of brightness, 97% DCI-P3 color gamut, and up to a 144Hz refresh rate.
- Lenovo's Legion TrueStrike Controllers come with ten mappable shoulder buttons, an integrated trackpad, and an 'FPS Mode' for precise aiming.
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| 2 | | 
What the numbers say: During the financial year 2022-23, which concluded in March 2023, Ubisoft, a gaming company based in France, recorded digital net bookings of 1.48B euros. This figure indicates a decline of 10.8 percent when compared to the preceding year. The decrease in digital gaming revenue can be attributed to lower-than-anticipated sales during the holiday season, the cancellation of three game titles, and the initiation of company-wide cost-saving initiatives. Relevance: Following disappointing sales at the end of 2022, Ubisoft announced its decision to raise the projected writedown amount from 400M euros to 500M euros ($538M) and revise its annual revenue goal downward. | | | |
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| 3 | | China Mobile has launched a specialized 5G super network to support the metaverse industry. The network offers speeds of up to 100 Mbps and latency lower than 20ms, meeting the demands for 4K resolution and 90fps frame rate in immersive XR applications. More: - The 5G super network was developed with the mixed reality internet social platform GTVerse.
- It is engineered to handle high bandwidth, low latency, and computational needs specific to metaverse operations.
- Features include 5G base station service perception, intelligent data offloading technologies, and resource management capabilities.
- The network also employs edge-end collaborative rendering schemes to optimize the metaverse business environment further.
- The 5G infrastructure has been initially deployed at the Beijing Workers' Stadium.
Zoom Out: - According to a report by Ericsson, 5G networks are expected to cover up to 65% of the world's population by 2025.
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| 4 | | NATO's Allied Command Transformation has signed an MoU with Latvia to test new 5G capabilities at Latvia's Ādaži military base. The tests, scheduled for October, will focus on evaluating the tactical 5G abilities of the site and will incorporate virtual and augmented reality, unmanned vehicles, and sensors. - The Ādaži military base's 5G test bed was first built in 2020 and is the first of its kind in Europe.
- An initial five-day trial took place last November, integrating AR/VR reality with 5G technologies to enhance remote piloting and long-distance assistance.
- By 2030, NATO aims to transition to multi-domain missions, ensure interoperability, enhance situational awareness, and facilitate data-driven decisions.
- 5G technology offers soldiers higher-speed connectivity and actionable intelligence while minimizing vulnerabilities due to lower latency.
- Military leaders emphasize the need for countries to invest in 5G technology; China is currently outpacing the U.S. in the wireless 5G network market.
Zoom Out: - The U.S. military is also exploring 5G capabilities, with the Pentagon allocating $600M for 5G experimentation and testing in 2020.
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| 5 | | The Applied Research in Immersive Experiences and Simulations (ARIES) program is developing an interactive solar system using VR technology. The virtual experience is set to be completed by fall 2024 and will be featured at the Science Museum of Western Virginia. More: - The ARIES program is part of the University Libraries.
- The project aims to create an interactive solar system.
- VR technology is the primary tool for development.
- The completion date for the project is slated for fall 2024.
- Once completed, the virtual experience will become an exhibit at the Science Museum of Western Virginia.
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| 6 | | Bomb Pop, a frozen treat brand, has successfully sold 20 million virtual treats in Roblox's Restaurant Tycoon 2, doubling its original sales goal of 10 million. The campaign, which runs from Aug. 22 to Sept. 5, aims to engage tweens in the metaverse. More: - The campaign was created by agencies Moonrock Labs and Gale.
- Players can add eight different Bomb Pop flavors to their digital restaurant menus.
- Over 50 branded items, such as floor decals and chairs, are available for decorating virtual spaces.
- The campaign is Bomb Pop's first venture into the metaverse.
- Players must be at least 13 years old to participate in the campaign.
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| 7 | | Quick Hits: - Defend your home with Frontpoint's DIY security. Hurry, the Labor Day sale is ending soon — lock in your savings now.*
- PAC RADAR recognized Siemens as the primary industrial metaverse provider for its strategic approach, comprehensive portfolio, and commitment.
- According to Fortune Business Insights' report, the extended reality market is predicted to exceed $1,134.79B by 2030, with a compound annual growth rate (CAGR) of 36.0%.
- Magic Leap's original AR headset will stop working at the end of 2024.
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INSIDE METAVERSE LEADERBOARD (ALL-TIME) |
| Upcoming Events | | OCT
10 | | Optimizely is bringing back its annual conference, Opticon, to San Diego! Inside readers get a discount by using the code InsideDeal.* | | | | | | | OCT
16 | | Meet Our Fund 5, Building and Investing in AI | | | | | | * This is a sponsored event | | | |
Term of the Day SOD/EOD: Start-of-day (SOD)/end-of-day (EOD) reporting is a management process for prioritizing daily goals and reporting accomplishments. Question of the Week Do you share details about your salary with your coworkers? Join the conversation |
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