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| Today's Metaverse brief: - In its $50B metaverse venture, Meta Platforms faces challenges with its Quest devices and Reality Labs' minimal revenue contribution.
- Xsolla founder Shurick Agapitov, in his book "Once Upon Tomorrow," presents his vision of the metaverse.
- Consumers are urging Meta to enhance safety measures for children in its Quest VR platform.
- French-speaking stakeholders contributed to a white paper on responsibly using metaverses and XR technologies.
- TeamViewer has partnered with Almer to launch a new enterprise XR headset.
Thank you! Vildana
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| 1 | | In its ambitious $50B metaverse venture, Meta Platforms faces challenges with its Quest devices and Reality Labs' minimal revenue contribution amid expectations of substantial losses. Apple's entry into the VR market with Vision Pro is seen by Meta as a potential boost, validating its strategy and intensifying competition in the industry, WSJ reports. More: - Meta's Reality Labs division accounts for less than 1% of Meta's overall revenue.
- Reality Labs is anticipated to incur losses of $115B by 2030.
- Quest devices struggle to move beyond a niche market: 6.37 million monthly active players as of October 2022.
- Meta's headset investment totals at least $50B, including the Oculus VR acquisition.
- Apple's Vision Pro is priced at $3,500, much higher than Meta's $500 Quest 3, and focuses on AR, while Meta emphasizes MR.
Zoom Out: - Apple's services revenue significantly benefited from a previously undisclosed partnership with Google, revealed in a 2020 antitrust lawsuit by the Justice Department.
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What the numbers say: In January 2024, on Twitch, the online video streaming service, "Just Chatting" was the most viewed category, accounting for 13.6% of total watch hours. It was followed by "Grand Theft Auto V" with 8.8%, "League of Legends" at 7.5%, and "Palworld" closely behind with 7.2%. Relevance: Twitch consistently enforces its community guidelines, demonstrating impartiality by banning popular streamers like Knut (277,000 followers), Morgpie (304,000 followers), and ExtraEmily (264,000 followers) for policy violations. The platform's approach varies from temporary bans, typically lasting several days based on the infraction's severity, to permanent bans for more serious offenses. | | | |
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| 3 | | Xsolla founder Shurick Agapitov, in his book "Once Upon Tomorrow," presents a unique vision of the metaverse. Agapitov's perspective diverges from mainstream metaverse narratives, focusing on inclusivity and empowerment rather than control. More: - Agapitov envisions the metaverse as an expansive, inclusive space, challenging traditional tech and corporate views.
- The book explores the metaverse's role in bridging emerging and legacy brands and enhancing consumer experiences.
- Agapitov advocates for a decentralized metaverse, opposing Silicon Valley's dominance.
- The narrative extends to various sectors, including business, education, city planning, and inter-government relations.
- Key stakeholders in this vision include internet hosts, website developers, cloud computing experts, and infrastructure engineers.
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| 4 | | Consumers are urging Meta to enhance safety measures for children in its Quest VR platform, highlighting concerns over inadequate age verification and exposure to harmful content. This call for action reflects growing awareness and demand for better protection in the rapidly evolving VR landscape. More: - The U.S. PIRG Education Fund and Fairplay requested Meta to implement stricter age verification and content controls.
- Concerns include exposure to inappropriate content and interactions with strangers in VR environments.
- Meta's Quest VR is popular among children yet lacks robust age verification, risking exposure to adult content.
- Advocates emphasize the need for Meta to adhere to its responsibility in protecting young users.
- The call for action aligns with broader concerns about children's safety in digital spaces.
Zoom Out: - In June 2023, Meta's decision to lower the age requirement for Quest headset users sparked debate over the impact of digital media on children's well-being.
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| 5 | | French-speaking stakeholders contributed to a white paper on responsibly using metaverses and XR technologies. The white paper emphasizes responsible usage, legal and ethical considerations, and the potential impact on health, education, and entertainment. More: - The paper suggests a non-territorialized governance system specific to immersive technologies.
- Immersive technologies are a future digital cornerstone, with potentially huge economic impacts on the EU's GDP.
- The white paper covers diversity, inclusion, health, environment, governance, and regulation in immersive environments.
- It calls for standardizing ecological impact assessment methods and multistakeholder approaches to address transnational issues.
Zoom Out: - The metaverse presents various possibilities and challenges, mirroring real-world ethical dilemmas like privacy, socio-economic disparities, accessibility, identity management, and freedom of expression.
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| 6 | | TeamViewer AG has partnered with Almer Technologies AG to launch a new enterprise XR headset. The partnership targets the 80% of the global workforce not working at desks, offering them digital transformation benefits. More: - Almer currently serves 21 customers, including Switzerland's largest defense contractor for remote servicing of fighter jets in the U.S.
- TeamViewer's solution allows remote experts to assist on-site workers through real-time video calls and augmented visuals.
- The partnership focuses on creating an XR headset for enterprise use, enhancing industrial AR experiences.
- TeamViewer's software is known for its remote support, access, and collaboration capabilities.
Zoom Out: - The global AR market is expected to expand from $62.75B in 2023 to $1.1T by 2030, with a CAGR of 50.7%, and the AR headset segment alone is projected to reach $120B by 2026.
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- The Tokyo Metropolitan Government launched the "Virtual Edo-Tokyo Project" in the metaverse, showcasing Tokyo's innovative urban growth and sustainability solutions.
- GameSquare's new venture, Moonlight Studios, aims to create immersive experiences in metaverse-like games, marking a significant expansion in the North American esports and gaming industry.
- Semidux (Cayman) Holding, a Chinese metaverse computing infrastructure company, has filed for a $17M IPO in the U.S.
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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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