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| 🌟 Hello Insiders, Witness the debut of the MSG Sphere in Las Vegas, featuring Hypervsn's largest holographic display, and delve into the financial realm with a spotlight on the top tech companies by market capitalization. 🌐 Plus, explore the digital frontier with Upland and NFLPA as they team up to launch licensed NFL player collections in the metaverse. 🏈 Much more awaits below! ⚡ Dive into our Quick Hits and 📅 save the date with our Upcoming Events. 💌 Your feedback is invaluable! Hit reply to share your thoughts directly with us. 👥 Enjoying our insights? Help us expand our community by sharing this newsletter with your network. Thank you! Vildana
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| 1 | | The MSG Sphere in Las Vegas now showcases Hypervsn's largest 30 x 50-foot holographic display wall. The installation project utilized 420 individual SmartV Hypervsn displays, synchronized with the Hypervsn SmartV system, to create a cohesive 2D or 3D HD holographic visual image. More: - The public atrium of the MSG Sphere is the hologram's location.
- The holographic display wall is Hypervsn's largest-ever project.
- The system forms a cohesive 2D or 3D HD holographic visual image.
- Hypervsn CEO Kiryl Chykeyuk emphasizes creating immersive, unforgettable experiences.
Zoom Out: - The MSG Sphere, valued at $2.3B, debuted last week, hosting its inaugural concert as part of the U2 residency.
- The Sphere, vigorously advertising itself as the "future of entertainment," is the innovative creation of Madison Square Garden Entertainment CEO James Dolan.
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| 2 | | 
What the numbers say: As of August 2023, Apple led global tech firms with a market capitalization of approximately $2.8T, followed by Microsoft at $2.4T, while Alphabet, Amazon, and Nvidia completed the top five. Tencent Holdings was valued at approximately $389B. Broadcom, ranked tenth, exceeded $350B in market capitalization. Relevance: Apple, the world's most valuable company, was the global company earning the most sales in China. U.S. tech companies have significant sales in China, indicating a mutual economic dependency. In June 2023, Bill Gates, co-founder of Microsoft, was received in Beijing by Xi Jinping, the President of China. Impact: FinanceCharts provides data about the most valuable companies in the world in October 2023, including Apple, offering insights into their market capitalization and potential impact on global markets. | | | |
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| 3 | | Upland, a web3 metaverse super app, has collaborated with the NFL Players Association (NFLPA) to launch its third year featuring officially licensed NFL player collections. This partnership introduces new NFLPA Bundle types and gamified digital collectibles of NFL players. More: - Upland enables real-world virtual property trading through its blockchain-based game.
- The 2023-2024 Upland experience will feature gamified digital collectibles of NFL players.
- Community activities sponsored by the platform will aim to boost user fan scores.
- NFLPA represents more than 2,000 active players in the U.S. through NFL Players Inc.
- NFLPA, via OneTeam Partners, manages the commercial interests of over 10,000 athletes across various sports.
Zoom Out: - Boss collaborated with the NFL and metaverse game developer Gamefam to incorporate its products into a Roblox game.
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| 4 | | Legal challenges are enveloping Meta, particularly in Australia, due to issues related to cryptocurrency advertisements and its metaverse expansion. Mining magnate Andrew Forrest is leading a legal battle against Meta for unauthorized cryptocurrency ads featuring him, which were circulated via Meta's platforms three years ago. More: - A new lawsuit accuses Meta of copyright infringement involving authors Sarah Silverman, Richard Kadrey, and Christopher Golden.
- The lawsuit alleges misuse of authors' works to refine LLaMA, an AI tool.
- Meta's legal issues are magnifying as its ambitions in AI and the metaverse draw scrutiny.
- Last year, Meta acknowledged the jurisdiction of a Western Australia court in a significant legal matter.
Zoom Out: - Corrs discusses the absence of metaverse-specific legislation in Australia, relying on existing laws for governance and highlighting relevant areas for consideration.
- Lexology provides insights into creating and protecting intellectual property in the metaverse from an Australian perspective, addressing trademark classification and infringement issues.
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| 5 | | Lenovo has partnered with Formula 1 to amplify fan experiences through VR, offering an exclusive VR F1 mini-game at select events. The VR experience, available via the ThinkReality VRX headset, debuted at the Formula 1 Lenovo Japanese Grand Prix 2023 and will be featured again at the U.S. Grand Prix on Oct. 22, 2023. More: - Lenovo's VR F1 mini-game allows fans to drive an F1 car around replicas of renowned racing courses.
- The ThinkReality VRX headset, used for the VR experience, is powered by Qualcomm's Snapdragon XR2+ Gen 1 processor.
- Users can control the F1 car's speed with the ThinkReality VRX controller's buttons during the VR experience.
- The ThinkReality VRX provides high-resolution, full-color pass-through capabilities for MR applications.
Zoom Out: - A report discusses how Formula 1 manages 500 TB of data with Lenovo during each race.
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| 6 | | Yuga Labs, spearheaded by CEO Daniel Alegre, is undergoing a substantial restructuring, entailing layoffs and a heightened focus on metaverse development. The strategic pivot aims to integrate all digital connections into the evolution of the Otherside strategy, with a particular emphasis on gaming and entertainment experiences. More: - Yuga Labs has engaged in collaborations with high-profile brands like Gucci and BAPE.
- The company has launched initiatives like Dookey Dash and Twelvefold.
- Challenges in gaming execution have underscored the need for external partnerships.
- Alegre highlighted the importance of strategic partnerships with entities like Hadean and Bad Rhino.
- Affected employees will receive severance packages and job-seeking assistance.
Zoom Out: - The Daily Item explores the belief in the metaverse by Epic Games' CEO despite the company laying off 830 employees.
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- The military metaverse will revolutionize soldiers' training with AR and AI, marking a "paradigm shift" in aerial combat forces training, according to a former F-22 pilot.
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- A survey indicates the metaverse, as a unified, immersive 3D virtual space facilitating interaction among humans and machines with data, will be influential yet not supplant the web.
- monday.com and BILL drove acquisition, engagement, and retention by adding Cord's SDK to their product. You can, too.*
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| Upcoming Events | | OCT
12 | | Panel discussion on cybersecurity insights for financial services companies.* | | | | | | | OCT
16 | | Meet Our Fund 5, Building and Investing in AI | | | | | | | NOV
17 | | Join the Docker AI/ML Hackathon to help shape the exciting new frontier of AI and have a chance to win cool prizes!* | | | | | | * This is a sponsored event | | | |
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