Connect with us

Metaverse

Facebook launches new AR tools to help creators build the metaverse – Mint

Published

on

  • The metaverse is a concept that dates back to the 1960s in the world of technology

Social media giant, Facebook, unveiled additions to its Spark AR augmented reality (AR) platform today, which the company hopes will be used by developers and creators to build metaverse applications. The company had revealed its plans to build a virtual ‘metaverse’ during its second quarter earnings call this year, and Spark AR’s new capabilities help add advanced AR capabilities to apps built on the platform.
The metaverse is a concept that dates back to the 1960s in the world of technology. It imagines a virtual world where people can interact, buy property and perform other day-to-day activities. It’s often depicted in science fiction movies, like Ready Player One.

Polar app

The company said it would launch an app for iPhones, called Polar, which would allow users to “create and share” AR effects and filters from the mobile phone. “Polar is a free iOS app, powered by Spark AR, that will make it easier for you to imagine, create and share AR effects and filters, directly on your mobile phone. Polar is built by creators for creators, with an intuitive user interface and a range of templates to help you jumpstart effect creation,” the company said in a blog post.

The company said that it will invite creators to participate in a closed beta later this year.

Geofenced AR effects and body tracking

Further, the company also announced a new Geo JS application programming interface (API), which will allow AR use-cases to be locked to specific geographic locations. Facebook said the feature could be used to create scavenger hunts, guided tours and more, where AR activations need to be anchored to specific locations in the real world.
The function could help games like Pokemon Go, music concerts and more, where AR effects have to be “tied to unique points of interest around the venue”. “The Geo JS API will introduce a world tracker in Spark AR Studio and open up some fun, new possibilities for multiple AR experiences anchored to specific latitude and longitude coordinates,” the blog post said.
Spark AR will also have two new capabilities now — body tracking and hand tracking. With body tracking, developers will be able to anchor AR effects to specific body movements, something that platforms like Snapchat also offer in their platforms. The American messaging and camera company partnered with Indian Flipkart yesterday to use such capabilities for e-commerce.

On the other hand, hand tracking can help include gestures in AR applications. “This is the first of a multi-phased capability rollout that will support the hand bounding box. In our beta testing so far, we’ve seen some playful uses of hand tracking from performative art and comedic skits, to fantastical superpowers,” Facebook said.
The company hasn’t said when Geo JS, body and hand tracking will be available.

Spark AR will also seek to make it easier for developers to place 3D objects in the real world, including characters, GIFs, text, stickers and more. “We’re also improving the technical tooling for objects to allow for high-fidelity experiences, especially for use cases like commerce and shopping, with virtual try-ons and product previews,” the company said.

Facebook is also offering a new Spark AR certification program, and a new AR Pro course. The two programs are part of a $150 million Facebook Reality Labs education program, which hopes to help advanced and intermediate AR creators improve their skills. “The certification program is designed for advanced AR creators who are seeking to distinguish their AR skills in the marketplace, either to help boost their careers or to pursue more creator-for-hire opportunities with brands and agencies,” the company said. The certification course will cost $150, but Facebook is offering vouchers to the first 2000 creators who sign-up for it.
Lastly, the company also announced a partnership with game engine developer Unity, to bring the company’s ‘Create with VR for Educators’ course into the fold. It will also partner with educational institutions for such courses.

source

Metaverse

Metaverse Crypto Index Fund Launched by Matthew Ball, Multicoin, and Bitwise – Decrypt

Published

on

Search
There's a wide array of crypto builders working to bring the metaverse to life, whether it's via platforms, tools, assets, or infrastructure. Now one of the leading voices around the metaverse has launched an index fund focused on crypto assets tied to the next-generation internet.
Today, writer and venture capitalist Matthew Ball announced a partnership with Multicoin Capital and Bitwise Asset Management to launch the Ball Multicoin Bitwise Metaverse Index. Bitwise has also made an associated fund available to qualified purchasers.
"We developed the Ball Multicoin Bitwise Metaverse Index Fund because, prior to today, there was no easy, expert, and methodologically diversified way for investors to have broad-based exposure to bona fide metaverse-focused crypto assets," Ball told Decrypt.
"To this end, the Index doesn't exist to time Event A or Market Conditions B. It exists so that investors can participate in what we believe is a multi-trillion dollar transformation, which will unfold over the coming decade," he continued. "If blockchain is relevant to the future of the metaverse, and our approach is sound, we believe the opportunity is significant—today, tomorrow, next month, and so forth."
The index will feature up to 40 crypto assets chosen by the partners, but a list of included assets was not provided to Decrypt by the time of publication. Bitwise's associated fund is available to qualified purchasers with a $100,000 minimum investment.
Ball described the Ball Multicoin Bitwise Metaverse Index as a "rules-driven index that combines the best of institutional indexing approaches with special adaptations to the crypto and metaverse spaces. That includes various risk screens, such as analyzing liquidity, developer activity, tech and regulatory risk, and "relevancy to the metaverse," said Ball.
"The ultimate goal is to curate the crypto assets that will be outsized contributors to the creation and success of an open metaverse," he added.
The metaverse refers to a future version of the internet that many believe will be built on blockchain technology. It's expected to be a more immersive and interactive experience that people navigate via 3D avatars and use for work, play, shopping, and socializing. It may also use NFT assets for user-owned items like avatars, apparel, and virtual land.
Ethereum-based games like Decentraland and The Sandbox are seen as early examples of the metaverse.
Facebook also showcased its own vision for the space and even rebranded its parent company to Meta last fall. However, it's not entirely clear whether Facebook's plan is for an open platform that is interoperable with others.
Ball is a leading writer on the metaverse whose work has been published in The New York Times, The Economist, and Bloomberg. His book, "The Metaverse: And How It Will Revolutionize Everything," is due out from W.W. Norton in July.
He's also a managing partner at EpyllionCo, which has invested in crypto startups such as Dapper Labs and Mirror, as well as a venture partner at Makers Fund. Ball is also behind the Roundhill Ball Metaverse ETF, which focuses on metaverse-centric stocks and trades on the New York Stock Exchange.
"Our objective was the creation of a diversified, balanced, and expertly-designed crypto Metaverse Index," explained Multicoin Capital co-founder and managing partner, Kyle Samani.
"This required a similarly capable team," he continued. "Matthew Ball is the definitive thought-leader in metaverse strategy and investing. We specialize in crypto assets and are one of the preeminent crypto investment firms. And Bitwise Asset Management is the proven leader in crypto indexes and index funds."

source

Continue Reading

Metaverse

Meta's losses show the metaverse's costly risk – Insider Intelligence

Published

on

source

Continue Reading

Metaverse

Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

Published

on

Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
3 views: Is the metaverse for work or play?

“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

source

Continue Reading

Trending

Copyright © Diaily Meta News