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| Today's metaverse brief: - The Apple Vision Pro costs Apple $1,542 in parts per unit, according to an Omdia estimate.
- The upcoming Quest Pro 2, a collaboration between Meta and LG, is set to release in the first half of 2025.
- China is intensifying efforts to combat blockchain and metaverse-related cybercrime.
Thank you! Vildana
p/vildana-b | |
| 1 | | The Apple Vision Pro, retailing at $3,499, costs Apple $1,542 in parts per unit, according to an Omdia estimate. This cost does not include expenses for research & development, packaging, and marketing. More: - The most expensive component is the 1.25-inch micro-OLED display, priced at $228 each, with two required per headset.
- The Vision Pro uses an M2 SoC and an R1 processor, handling input from 12 cameras, five sensors, and six microphones.
- CEO Tim Cook emphasized the device's advanced technology, including 5,000 patents and AI-driven features like hand tracking and room mapping.
Zoom Out: - Apple's next earnings report, including Vision Pro sales, is expected in the first week of May 2024.
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| 2 | | Canada's significant role in the global esports industry is attributed to its close geographical and cultural ties with the U.S., a key player in this market. 
What the numbers say: This chart reflects the top eSports games in Canada based on prize money as of February 2024. At the forefront, Fortnite leads with Canadian eSports players earning a cumulative total of over $8.2M in this battle royale game. Close behind is Dota 2, with Canadian gamers securing $7.96M in winnings. In third place is Counter-Strike: Global Offensive, which has awarded $5.68M to its Canadian participants. Relevance: Canada boasts diverse internationally recognized esports entities, including brands, teams, tournaments, and organizations. Key stakeholders in the industry, such as OverActive Media, Rivalry, and Enthusiast Gaming, are based in Canada, further establishing its influence in the esports arena. Disney has recently invested $1.5B in Epic Games, known for the popular metaverse platform Fortnite, to develop a new integrated metaverse. This collaboration aims to leverage Disney's extensive intellectual properties, such as Pixar, Marvel, Star Wars, and Avatar, in a unified digital environment. | | | |
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| 3 | | The upcoming Quest Pro 2, a collaboration between Meta and LG, is set to release in the first half of 2025. This headset marks a significant advancement in the VR industry, featuring innovative technologies and targeting a wide range of users, Korea Economic Daily reported. More: - LG's involvement in Quest Pro 2 marks its major entry into the VR headset market.
- The collaboration with Meta leverages LG's extensive experience in display technologies.
- Quest Pro 2 is expected to include cutting-edge features that enhance the VR experience.
- The headset aims to appeal to both general consumers and professional users.
Zoom Out: - Maeil Business Newspaper, a South Korean news outlet, reported in September 2023 that Meta had partnered with LG to build future Quest Pro headsets.
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| 4 | | China's Supreme People's Procuratorate (SPP) is intensifying efforts to combat blockchain and metaverse-related cybercrime amidst a significant increase in online fraud and personal data infringement. This includes a 64% year-on-year rise in telecom fraud charges related to cybercrime and a notable increase in internet theft and online counterfeiting. More: - Prosecutors charged 280,000 individuals for cybercrimes from January to November 2023, a 36% increase from the previous year.
- Cybercrimes now constitute 19% of all criminal offenses in China.
- The People's Bank of China calls for global cooperation in crypto regulation.
- China remains a significant mining hub despite the 2021 ban on crypto transactions and mining.
- Efforts are being made to enhance inter-departmental coordination to curb crypto adoption and related cybercrimes.
Zoom Out: - Beijing, China, has recently updated its energy conservation plan, incorporating specific strategies to intensify its crackdown on cryptocurrency mining activities.
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| 5 | | South Korean startup MediThinQ has launched XR wearable displays for surgeons, collaborating with Medtronic for distribution in the U.S. and Japan. These AR glasses display crucial information during surgeries, enhancing efficiency and accuracy without distracting surgeons from their patients. More: - MediThinQ partnered with Medtronic, a $30B revenue medical device giant, for exclusive U.S. and Japan distribution.
- VentureBlick, a healthcare tech incubator, has backed MediThinQ.
- MediThinQ's products, including Scopeye and MetaSCOPE, are approved in the U.S., Europe, Japan, and South Korea.
- A multimillion-dollar investment was received from Singapore's JLK Technology.
- Future product lines targeting the Chinese market and beyond-medical industry applications are planned.
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| 6 | | Euroleague Basketball and Animoca Brands' Sportpass have partnered to integrate sports with digital and Web3 technologies. The collaboration aims to develop Web3 gaming experiences featuring rewards and collectibles. More: - This partnership marks the convergence of sports with digital platforms and blockchain technology.
- It targets basketball enthusiasts, offering unique digital engagement opportunities.
- Specifics about the games or platforms involved in this partnership are yet to be revealed.
- The Sportpass initiative is poised to enrich the fan experience and interaction with basketball.
Zoom Out: - The NBA is a frontrunner in adopting Web3, with NBA Top Shot being a major NFT project enabling fans to buy, sell, and trade digital clips of NBA moments.
- In September 2023, Animoca Brands secured $20M in a funding round led by CMCC Global to enhance the Mocaverse project.
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- The healthcare metaverse market is projected to reach ~$500B by 2033, driven by advancements in telemedicine and innovative surgical training methods.
- NBA stars recently engaged with fans using the Proto Hologram system at an event in Indianapolis.
- Singapore-based V3V Ventures has acquired the prominent crypto news outlet Metaverse.sg for $3M.
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 | Freelance | | This newsletter was curated by Vildana. In addition to Inside Daily Brief, she also contributes to Inside Metaverse. She holds an MSc from the London School of Economics (LSE). You can reach her at vildana@inside.com or her social media platforms, Twitter or LinkedIn. | | This newsletter was edited by Aaron Crutchfield | |
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