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How Megnates like Tencent, Bytedance and WiMi Hologram Snatching the Market Shares in Metaverse

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How Megnates like Tencent, Bytedance and WiMi Hologram Snatching the Market Shares in Metaverse

December 29
18:27 2021

As the global Internet penetration rate has reached a high level, the user dividend in the era of mobile Internet may become a bottleneck. The emergence of the metaverse concept is the prospect of the successor of the mobile Internet, which is the next stage of the Internet and the traffic environment of the new era. New entry points for mobile Internet traffic, users’ desire for “immersive” new experience, virtual interaction, the next generation of Internet… These imaginative explanations of the metasomes, each of which pinpoints the current pain points for tech companies, have also stoked investors’ enthusiasm.

In the industry’s view, based on the long-term vision, the metaverse is a good theme, rich in imagination, will not be terminated in a short run. The development of chip, network, storage, computing power and other industries is the foundation for the metaverse truly coming, so investors are optimistic about the metaverse. The tech megnates have entered the domestic market, such as Tencent, Bytedance, WiMi, and I would like to show you how Tencent, WiMi, Bytedance and other megnates have snatch the market shares of the metaverse.

The metaverse is like a gambling table, and the megnates are all at the table, In fact, even before they were started engaging in market war, the megnates had already made similar trades on the prediction markets in metaverse. At the bottom of the computing power, communication technology, blockchain, application layer of games, office and social, as well as explicit AR (augmented reality), VR (virtual reality) equipment behind more or less all have the shadow of the megnates. In the metaverse, with holographic AR technology, WiMi builds the metaverse holographic ecosphere, which enters the public’s vision and shows its potential. WiMi focuses on its own business in the specific tactical landing, so far to an industrial organizer’s vision, outline the industry clear metaverse realization path.

Metaverse includes a variety of development channels, WiMi to create more interactive content scenes, through the increase of IP to build a diversified content platform. Data show that WiMi has produced about 5,000 holographic content IP with high fidelity, 132 hologram-related patents and 214 software Copyrights. WiMi will increase its investment in the research and development of vr products in the content sector to provide products with higher participation and better user experience. Explore and develop the metaverse like building blocks with a wide range of technologies and abilities, based on games and social media. The interaction between virtual reality and the real world is important, and the metaverse is a good entry point that will add value to existing social networks.

Under the concept of open ecology, WiMi has formed a holographic cloud platform with potential and international influence over the years, holding a number of key patents and holographic content in the metaverse, augmented reality and virtual reality. In the investment sector, WiMi invested in a series of Internet companies such as Cloud View Research, Wuxi Three emperor culture, Simaiyun, Yunfan VR, Flame Technology, in the traditional Internet era through the holographic upstream and downstream platforms, to build a complete industrial chain of the expansion of the Metaverse. Among them, the yuan universe enterprise Wuxi three emperor culture in the micro United States holographic investment into the metaverse arena. The team has a doctoral team of overseas Chinese with Tsinghua university background. Through naked eye 3D holographic technology, virtual digital twin technology is displayed in real time, providing cost-effective services for safe production for enterprises, and truly realizing the future vision of safe production for enterprises.

Tencent in the layout of the metaverse also a lot of action. It is reported that Tencent’s exclusive agent Roblox China version of the game “Roblus” online, the first metaverse project ZPLAN has been revealed. To know yuan universe Roblox is leading the company, not only by means of IPO on the nyse, double value, and mentioned the meta eight key characteristics of the universe, identity, friends, immersive, low latency, diversity, at any time, economy, culture, and tencent’s exclusive agent Roblox version of the game in China the agency, is tencent first on cooperation, Take the first step.

At the end of 2020, Tencent founder Ma Huateng said that the mobile Internet, after 10 years of development, will soon usher in the next wave of upgrade, called quanzhen Internet, the virtual world and the real world has opened the door to help users achieve a more real experience. Ma huateng also said that Quanzhen Internet is Tencent must win the next battle. From the expression, the whole Internet and the metaverse are similar. In 2012, Tencent took a 40 percent stake in Epic Games, which makes Games such as Fortnite. In April, Epic Games raised $1 billion at a valuation of $28.7 billion, mostly for its Metaverse business, the largest funding round ever for a metaiverse track.

In September 2021, Tencent’s QQ Music and Roblox jointly launched the world’s first immersive music and entertainment game “QQ Music Star Town”, where players can experience virtual concerts, new song launches, music festivals and other activities. In the same month, Tencent Tianmei studio’s new project ZPLAN was open for recruitment. According to multiple media reports, the project features social + games and has a team size of more than 1,000 people, which is called Tencent’s first metaverse project. According to the poster, up to 97 jobs are available in three categories, including technology, design and product. The poster uses words such as TOP SECRET to indicate the importance of the project.

In terms of byteDance’s layout, Zhang yiming has mentioned nothing about Metaverse, but the Chinese company’s boss, who has 1.9 billion monthly users, has personally negotiated VR hardware company Pico. In the end, ByteDance succeeded in acquiring Pico for 10 billion yuan. Zhang offered 9 billion yuan at first, and the two sides reached an agreement at 10 billion yuan. Since then, Pico has merged into bytedance’S VR business. Pico is committed to VR hardware and software development and VR content and application building. Its products include Goblin VR all-in-one, Pico U VR glasses, Tracking Kit, etc. In addition to technical advantages, Pico sales performance is commendable. According to IDC report, Pico ranked first in China’s VR market share in 2020, while Q4 accounted for 57.8% in 2020. Cumulative Pico sales have reached about 500,000 units.

Bytedance’s overall approach to the metaverse is from an investment perspective. In April 2021, Bytedance invested 100 million yuan in game developer Qiankun. Founded in 2018, Codex Universe’s main product is rebooting the World, a teen-creation and social UGC platform similar to Roblox. “Restart the World” is the first creation platform developed by full physics engine in China. Based on the interactive physics engine technology system independently developed by Code Qiankun, it is composed of two parts: a creation platform with high degree of freedom and a social platform with high participation for young people, and is committed to satisfying users’ game entertainment experience.

According to media reports, Bytedance is internally developing a meta-cosmic social APP, called Pixsoul, to create an immersive virtual social platform, which is another attempt by Bytedance in the social sector after doflash and Flychat. However, bytedance’s acquisition of Pico at a huge price, among other moves, adds a strong color to the Chinese narrative of the “metaverse” and is regarded as an important node in the full explosion of the domestic metaverse market. According to sources close to the deal to “CNBC”, “Zhang yiming revealed his ambition to grow the game business at the time of the acquisition, hoping to replicate Quest 2’s success and compete with Tencent.”

The tuyere of the metaverse is just around the corner, and there are a lot of big moves by the megnates. There are still a lot of conjecture about the metaverse. For example, the metaverse world may be more able to use blockchain technology to collect more extreme human behavior data. Virtual currencies in the metaverse, for example, may be completely decentralized. Imagine that with the development of technology, the concept of the metaverse will one day be able to create virtual worlds that can merge with the real world.

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