The Metaverse As an important part of the digital economy, the Metaverse has become a hot topic and a new trajectory of current global scientific and technological innovation. Recently, the Beijing Metaverse Industry Innovation Center was officially launched to build the upstream and downstream cooperation modes of the Metaverse industry chain through joint innovation in technology, applications, scenes, standards and patents, foster the creator economy, support the exploration of governance mechanisms, and support the innovative development of the Metaverse industry.

Enter Metaverse new stage

It is worth noting that at the World Conference on Artificial Intelligence, which just ended in 2023, representatives of companies, schools, and government agencies expressed their views on the “Metaverse” at each of the major BBSs. It was just after the real world was no longer a “metaverse” boom, with advances in AI and other technologies, virtual combinations, and the search for new thematic business models.

As the general manager of Alibaba’s (BABA) cloud gaming division said during the conference at BBS, real-time interactive cloud rendering, generative AI, and the Metaverse will lower the threshold for content creation, improve the efficiency of operational delivery, and expand the touch of user equipment, thereby creating real value and contributing to the Metaverse 2.0 era of the real economy—the “industry” Metaverse.

Overseas, Apple (AAPL) immediately announced the mixed reality (MR) headset Vision Pro at the end of June, causing a stir in the Metaverse industry. With Apple headsets finally available, the rise of the Metaverse headset market will accelerate. There are all signs that the metaverse has entered a whole new phase.

Mature technology: “Metaverse” for industrialization

The metaverse is not only a separate concept, but must be closely integrated with other key areas of development to achieve maximum potential and commercial value. AIGC, NFT and XR are considered his three major infrastructures in the era of Metaverse and Web 3.0. With the influx of capital and international giants, technology iterations are accelerating and the boundaries of new products and new application scenarios are also expanding.

From a technical perspective, Web 3.0 is not only an iteration of past technologies, but also an integration of several technologies such as 5G, VR, AR, MR, Blockchain, Chips, Cloud Computing and Edge Computing. Metaverse development includes computing power, storage, communication, data, and intelligent support technologies, but also includes core technologies such as augmented perception and interaction, which can also be described as XR. Now there is a general term called Spatial Computing.

Experts believe that in the era of Web 3.0, the core access devices of the metaverse will be VR, AR and MR terminal devices. After XR, AIGC and other technologies have pushed the development of a series of industrial chains such as chips and rendering technology, the Metaverse’s technical realization means have also been optimized to better generate content for the virtual world, further accelerating the development of the Metaverse industry.

WiMi Hologram Cloud Revolutionizes AI Web 3.0

Metaverse development is inseparable from industry support, and a solid technical foundation must be built for future development of the Metaverse. For companies such as WiMi Hologram Cloud (NASDAQ: WIMI) that entered the metaverse space, it could be AI vision, 3D content, LIDAR, or holographic light fields involved in the targeted metaverse technology implemented in a specific business model.

It can be seen that the WiMi hologram cloud currently lays out four metaverse technologies, such as immersive video, immersive computing, new display, and artificial intelligence, with immersive technology and Web 3.0 technology as the main direction. We will focus on the breakthrough of the core industry clusters of industrial Internet, AI vision and digital algorithms, deeply launch the new advantages of cutting-edge industries such as Web 3.0, cloud computing and intelligent driving, and build a major technological innovation platform and “Metaverse” ecosystem.

WiMi Hologram Cloud comprehensively covers basic support, underlying technology, core services and scenario applications, and is driven by the comprehensive acceleration of the new metaverse infrastructure, initially forming a metaverse industrial system based on core technologies such as artificial intelligence technology, interactive technology, and computing technology. Secondly, in the wave of Web 3.0, WiMi Hologram Cloud will give full play to the advantages of industrialization, deepen international opening up and open cooperation, continuously improve the Web 3.0 service system and metaverse ecosystem, and strengthen the training of key industries. In the future, this will also be an important basis for all parties to jointly consider the metaverse business model.

to sum up

As a major product of virtual reality in the 21st century, technologies related to the Metaverse are expected to mature gradually and enter an explosive period catalyzed by emerging technologies. The Metaverse is “integration of virtual and reality”, “integration of soft and hard”, which not only opens hardware and software, consumption and production, C-end and B-end, but also realizes the boundary between the real world and the virtual world. In a nutshell, the metaverse market is not yet fully defined and the landing scene is still being explored. The next digital wave expects companies to turn scene advantages into competitive advantages.