Last week’s headlines introduced a series of massive developments in virtual, augmented, mixed, and extended reality (VR/AR/MR/XR), leading to leaps in progress for the future of spatial communications and the products leveraged to build it.
The following are our top picks in extended reality (XR) from the previous week. Please join our regular updates by signing up for our newsletter at https://www.xrtoday.com/sign-up/ for the latest XR news!
Metaverse Standards Forum to Unite XR Leaders
A consortium of 35 entities from global tech enterprises announced last week they would join forces to develop standards for an open-source Metaverse future.
Hosted by the Khronos Group, the Standards Developing Organisations (SDOs) stated they aimed to open open-source development, tools, and assets for the Metaverse to boost interoperability and foster cooperation across the industry.
Groups joining the Forum will build the ecosystem of open-source Web3 tools with prototyping, tooling, hackathons, and other activities from July, leading to further collaborative efforts over the coming months.
NVIDIA to Debut Digital Twin Tech
Tech giant NVIDIA revealed last week it had launched an XR designing tool from its AI research wing. The firm’s 3D MoMa solution will allow creators to produce digital twins of real-world objects, the company explained.
Introduced at a conference last week via a research paper, the solution provides a platform for amending objects to import to real-time 3D (RT3D) assets for graphics engines.
KPMG Joins Metaverse for Crypto, Web3 Journey
KPMG, one of the world’s Big Four consultancy firms, unveiled its plans to launch a world-first Metaverse hub for its enterprise to provide a space for US and Canadian employees and clients to collaborate, learn, and meet in the virtual world.
The novel platform comes after similar moves from major firms such as JPMorgan and aims to integrate non-fungible tokens (NFTs), Web3 technologies, and virtual spaces for interacting with global communities, among many others.
KIT-AR Secures £1.7m for Frontline Workers
KIT-AR, a firm specialising in AR solutions for frontline workers, announced it had received £1.7 million USD from investors such as Armilar Venture Partners, Caixa Capital Risc, and others to expand and accelerate and develop its product lineup of AR displays.
The company’s solutions leverage artificial intelligence (AI) to overlay AR-powered visuals on the real world, allowing frontline workers to track and reduce quality control issues for production lines.