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| Here's your Metaverse briefing for today: - 🇯🇵🤝 Japan's KDDI has partnered with three companies to establish the Open Metaverse Network.
- 🍏🌍 Apple Vision Pro is set to support 12 new languages.
- 🔓🕶️ A study exposes a significant security flaw in Meta's Quest VR system.
Thanks for tuning in! 🙌 Vildana
p/vildana-b | |
| 1 | | KDDI, a major Japanese telecommunications provider, has partnered with three local companies to establish the Open Metaverse Network. This alliance includes Styly, MonoAI Technology, and Reality XR Cloud, each bringing unique expertise in XR content, metaverse space construction, and social networking events. More: - Japan's second-biggest mobile carrier, KDDI, aims to leverage the metaverse as a new customer touchpoint, enhancing company appeal and service content.
- The alliance's partners specialize in various aspects of metaverse development, from XR content creation to social event production.
- The collaboration is expected to result in innovative metaverse solutions that cater to diverse business needs.
- By forming this alliance, KDDI positions itself at the forefront of the metaverse technology space in Japan.
Zoom Out: - Animoca Brands Japan and KDDI have recently partnered to enhance Web3 adoption via the Mocaverse and αU (Alpha U) platforms, focusing on a global user experience in Web3 games, culture, and entertainment.
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| 2 | | Playrix, initially founded in Russia and now operating out of Dublin, Ireland, has established itself as a powerhouse in the mobile gaming industry. It is renowned for its top-grossing free-to-play (F2P) titles, including Gardenscapes, Homescapes, and Fishdom. 
What the numbers say: In 2023, Playrix reported $1.8B in in-app purchase (IAP) revenues. This figure marks a growth trajectory from the $36.72M recorded in 2015, escalating to $193.41M in 2016 and reaching a peak of $1.911B in 2020. Relevance: The European video game industry, with a significant presence in Ireland, generates billions annually and employs thousands across various studios, producing titles for mobile, PC, and consoles like PlayStation. According to a 2023 report by the European Commission, the European video games industry, encompassing approximately 5,000 game development and publishing studios, employs about 74,000 individuals. | | | |
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| 3 | | Apple Vision Pro is set to support 12 new languages. This expansion hints at Apple's strategy to gain global momentum against competitors, particularly in markets like South Korea, home to rival Samsung. More: - Languages added include Cantonese, Traditional Chinese, Simplified English (Australia), English (Canada), and others.
- The Apple Vision Pro may launch in countries including Australia, Canada, China, France, Germany, Japan, Singapore, the U.K., and South Korea.
- Apple Vision Pro's shipments could reach 500,000 to 800,000 units in 2024.
- Apple analyst Ming-Chi Kuo did not specify if the forecast for 800,000 units was for the U.S. market alone.
Zoom Out: - Samsung, Apple's main competitor, reportedly plans to release its MR headset in the latter half of the year.
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| 4 | | A study by the University of Chicago, published by MIT Technology Review, exposes a significant security flaw in Meta's Quest VR system, allowing hackers to monitor and manipulate users' VR activities. The researchers linked the attack and the 2010 sci-fi thriller "Inception" by Christopher Nolan, in which Leonardo DiCaprio portrays a thief who infiltrates the subconscious minds of his targets. More: - Researchers successfully injected malicious code into the system, affecting 27 unknowing participants.
- The hack was executed when users exited an app, with only one reporting suspicious activity.
- Hackers could access speech, gestures, keystrokes, and browser activity, even altering messages sent to others.
- To exploit this flaw, attackers need access to the user's Wi-Fi network and the headset in developer mode.
- Meta has acknowledged the findings and is reviewing the research pending an independent peer review.
Zoom Out: | | | |
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| 5 | | AI and the metaverse are poised to significantly influence our interaction with technology, driving a substantial increase in data usage, as Verizon Consumer CEO Sowmyanarayan Sampath highlighted. This shift is underscored by a 129% surge in mobile network traffic over five years, with video consuming 47% of mobile traffic in the latter half of 2023, according to Verizon's Consumer Connections Report. More: - TikTok users spend an average of 1 hour and 42 minutes daily on the app.
- Nearly 30% of Verizon customers use their phones for over six hours daily.
- The next decade's network growth is expected to be driven by the metaverse and AI.
- The average household could see online-connected devices increase from 10 to 50 or 60.
- Sampath emphasizes the importance of balancing technology use with real-life interactions.
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| 6 | | Valo Motion has partnered with Creative Works to bring the ValoArena, the world's first unattended six-player MR attraction, to the North American market. This collaboration designates Creative Works as an authorized distributor, leveraging their extensive experience in immersive attractions for marketing, installation, and maintenance of ValoArena. More: - Creative Works will utilize its decades of experience in immersive attractions to support the introduction of ValoArena in North America.
- The partnership was announced to expand ValoArena's presence in the U.S. market.
- Valo Motion and Creative Works will present a panel at the VR Arcade Game Summit 2024, focusing on attracting a broad audience with immersive experiences.
- Creative Works' Amusement 360 events in April and September 2024 will feature ValoArena as a highlighted product.
- Valo Motion showcased its interactive attractions, including ValoPark and the game title Mine Time, at IAAPA Expo 2023.
Zoom Out: - IAAPA, the leading global amusement facility and attraction association, has opened registration for "IAAPA Expo Asia 2024," set for May 27-30 in Bangkok.
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- Netflix showcased its upcoming SciFi TV series, "3 Body Problem," with a sky holographic projection at the SXSW tech and media event in Austin, Texas.
- Honda's Uni-One offers a unique XR experience that simulates the sensation of floating in the air without leaving the ground.
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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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