Discover more from AIXR's Weekly Metaverse Business Brief
HaptX Pre-Order's, YOOM take $15 million & Music Comes to Metaverse.
HaptX Gloves G1 are available for Pre-Order. The new release from HaptX is the companies first ever commercial product, with one pair of gloves available for a price of $5,495.
Apple crack down on Crypto and NFT's. The company announced measures that limit the purchase and ownership perks associated with NFT's within apps, while also limiting the availability of some crypto exchanges without regional licenses.
Meta's Financial Woes Scare Investors. Meta's net income dropped to $4.395 billion from $9.194 billion year over year. This income drop is largely a result of investment in the Metaverse, with the organisation still aggressively spending big with high hopes for the future of the industry.
Open Beta for VRChat Hand-Tracking Arrives. In a recent update, Quest 2 and Quest Pro users can opt-in to enjoy an experimental open beta that eliminates the need for motion controllers within the online social experience.
Pixaera Grab $5.7 Million in fresh funding. The Edtech startup have raised the funds to help improve offered interactive training, but rejected the label of being a 'Metaverse' company.
Oxford Medical Simulation Secure £2.1 Million. The organisation will use the funding to "supercharge" the growth of it's VR training platform for healthcare professionals.
Immersive Entertainment Content Firm YOOM raise $15 Million. In their latest funding round, the volumetric capture company have also confirmed celebrity investment from Jimmy Iovine and Finneas O’Connell.
Lisbon Based NFT Startup Exclusible Secure $5 Million. The platform will use the investment to build it's web3 customer relationship management product, with a history of assisting luxury brands like Bugatti to launch NFT collections and digitalise their products.
Keep an eye on
Cosmetic Giant L'Oreal partners with Meta. The company wants to position itself within the metaverse, offering funding and expertise in a group with Meta and HEC Paris to support at least 5 creative Metaverse startups.
ITV Studios announce "The Voice" Metaverse Experience. The organisation have partnered with Virtual Brand Group to deliver an immersive experience that is set to combine fans of the popular show from around the world.
Marks and Spencer introduce Virtual Influencer 'Mira'. The UK based high street retailer announced the step amidst vast store closures, with a move to target a younger audience the inspiration for the decision.
Norwegian Government Agency Launches Metaverse Office. The Brønnøysund Register Center has partnered with Ernst & Young in a move to ensure the younger generation can acquire tax and legal knowledge for the digital world.
The Metaverse Music Festival Has A Headliner. Rock Star Ozzy Osbourne will appear in avatar form in the 4 day event held in Decentraland, with over 100 artists scheduled to appear from November 10-13.
Events to be at
Nov 01-03 Los Angeles | LA Blockchain Summit
Nov 08 Online | Insights Live: Games Development and the Metaverse Boom
Nov 09-10 London | TOKEN2049
Nov 16 - 17 London | The Business Show
Nov 28 - Dec 02 Rotterdam | Immersive Tech Week
Dec 02 Rotterdam | The 6th International VR Awards
Our best wishes for a productive day. Please send any news, comments, and a net income of $4.395 Billion to firstname.lastname@example.org.
October 31 2022 Edition