The Reality Wire features Enjin, Virtual Worlds, WXR Fund, Arvizio and Vincerion
The Reality Wire is a weekly digest of the latest product and service updates, partnership news, funding opportunities and more for the busy immersive technology professional and enterprise user. To feature, add email@example.com to your press distribution list
Enjin partners with Virtual Worlds to develop NFTs of historical landmarks
Enjin, the solution provider for building non-fungible token (NFT)-enabled environments and platforms, has partnered with Virtual Worlds, a company with more than 20 years of experience in digitising historical artifacts.
What does the partnership entail?
The partnership with Virtual Worlds will be the first instance of applying NFTs to digitised historical landmarks, enabling new ways of interacting with realistic renditions of monuments around the world. Virtual Worlds uses Unreal Engine, combined with 60K-definition photogrammetry scans, to create accurate digital twins.
Virtual Worlds will use its extensive collection of digitised landmarks to create new gamification opportunities with NFTs.
The first phase of the collaboration will see the creation of treasure hunts where players can claim NFT artifacts in the rich 3D environments, which will immediately be sent to their wallets using Enjin’s smart contracts.
Virtual Worlds’s 3D environments offer plenty of room for imagination. Artifacts such as sarcophagi, chariots, scepters and statues that it has already modelled will also be minted as NFTs, while other monuments such as Machu Picchu will also have their own unique sets of high-fidelity NFTs.
What NFTs will they create first?
Virtual Worlds will produce a limited-edition set of NFTs representing iconic Egyptian monuments such as the Pyramids of Giza and Great Sphinx of Egypt. NFT collectors will be able to hold these wonders of the world in their hands and place them on shelves within their virtual homes inside Virtual Worlds’s platform.
What’s the aim of the partnership?
The partnership aims to organise virtual events such as concerts and art shows within these virtual environments, with tickets sold as NFTs to create a new way of enjoying virtual content.
Virtual Worlds also plans to use these environments to create AAA-type games set in these ultra-realistic environments, including racing or player-versus-player games, connecting gamers with ancient history and important cultural landmarks.
Cross-chain NFTs won during the Virtual Worlds experiences can then be traded in decentralised marketplaces on Enjin’s JumpNet blockchain as well as Ethereum, Polkadot and Efinity.
NFTs will be integrated into virtual and augmented reality apps, as well as 3D games in the Enjin ecosystem, allowing holders to bring them into parallel digital worlds.
What does Virtual Worlds say?
Elliott Mizroch, chief executive officer of Virtual Worlds: “At Virtual Worlds, we’re bringing the world’s most important artifacts and monuments to a new digital ecosystem, preserving them for future generations and making them accessible to the world in ways they’ve never been before. With Enjin behind us, our past global heritage can be shared and live on in our digital future.”
What does Enjin say?
Maxim Blagov, chief executive officer of Enjin: “Virtual Worlds is bridging the best of 3D graphics and user experience through NFTs. This is one more demonstration of how NFTs can be used to engage players, create new virtual worlds and economies, and connect all digital ecosystems into a single multiverse. This is also an amazing opportunity to connect the digital with the real world through 1-to-1 replicas.”
Stay tuned to VRWorldTech for more information and an in-depth interview with Mizroch, chief executive officer of Virtual Worlds.
WXR Fund closes the first and only venture fund exclusively focused on women in XR and AI
WXR Fund, the first ever venture fund investing exclusively in women in the XR and AI spaces, has closed its inaugural fund at $5 million.
Participation included more than 50% women across individual investors, family offices and strategic partners such as the Venture Reality Fund.
What does the WXR Fund portfolio include?
Currently, the WXR Fund portfolio includes Obsess, whose series A closed recently. Others include absurd:joy, Embodied Labs, Wavely Diagnostics, All3D.ai, Prisms of Reality and Scatter. WXR Fund plans to announce additional investments in the coming months.
What does WXR Fund say?
Martina Welkhoff, managing partner of WXR Fund: “We started WXR Fund to establish a beacon for underrepresented founders in this growing XR community. Through this first fund, we have engaged women in all stages of investing—from LP to VC to founder. We see a tremendous untapped and outsized opportunity in the XR space. The close of this fund is just the beginning.”
Cathy Hackl, tech futurist, bestselling author, and WXR Fund LP: “I actively seek out opportunities to move the needle for women in the technology space. Getting involved in the first ever venture fund focused on investing in two of the greatest opportunities of our generation, spatial computing and women-led startups, creates so much movement for emerging entrepreneurs in the XR, metaverse and AI sectors.”
What about one of its portfolio companies?
Neha Singh, founder and chief executive officer of Obsess: “WXR Fund has been a crucial part of our journey. We started working with the team through the accelerator program in 2018 and have since closed two rounds of funding. Their support has enabled us to improve our technology and quickly grow our global roster of customers.”
Arvizio teams up with Vincerion to deliver AR solutions to the energy sector
Arvizio has teamed up with Vincerion Group, a cloud migration, business agility, automation, product management and digital transformation company, to accelerate adoption of augmented reality solutions in the energy sector.
What does the partnership entail?
Vincerion will offer its clients the Arvizio Immerse 3D solution for 3D model visualisation, optimisation and hybrid rendering of CAD/BIM data and LiDAR scans for multi-user, multi-location shared experiences utilising Microsoft HoloLens 2 and Magic Leap headsets as well as mobile augmented reality devices such as smartphones and tablets.
What will the partnership achieve for the energy sector?
Organisations in the energy sector are seeking to transform their industries and streamline processes through the use of digital twins. Vincerion and Arvizio will leverage XR to provide customers with the ability to conduct fully synchronised collaborative design, planning and stakeholder review sessions as part of their global strategy.
Images: Enjin, Virtual Worlds, WXR Fund, Arvizio