Exponential Destiny - a 501c3 educational non-profit founded and run primarily by young entrepreneurs from under-resourced communities who have been up/re-skilled into Virtual Reality (VR) and Metaverse design professionals - is launching this educational competition with collaboration and support from the ITU (International Telecommunication Union) - the United Nations specialized agency formed to deliver on the promise of the digital economy. Here's hoping and expecting we will get more updates on this industrial metaverse vision at Build on May 24. Description A panel discussion featuring leading VR, AR, Web3 and Metaverse investors on the trends in funding the future. Terms of Service | Privacy Policy, Wednesday, November 09, 2022 02:55 PM | InvestorsObserver Analysts, Wednesday, November 09, 2022 02:52 PM | InvestorsObserver Analysts, Wednesday, November 09, 2022 02:51 PM | InvestorsObserver Analysts, Wednesday, November 09, 2022 02:50 PM | InvestorsObserver Analysts, Wednesday, November 09, 2022 02:49 PM | InvestorsObserver Analysts, Wednesday, November 09, 2022 02:46 PM | InvestorsObserver Analysts, Wednesday, February 09, 2022 05:03 PM | Neal Farmer. The fund suggested Meta cap annual investments in the metaverse to $5 billion instead of the current $10 billion. All rights reserved. Metaverse pitch . By using this site, you agree to its use of cookies. we equip you to harness the power of disruptive innovation, at work and at home. Metavers - Virtual Reality & Metaverse Pitch Deck PowerPoint Template has a professional, ultra-modern and unique design, where each slide is created with love and attention to detail. In this particular discussion, with the eventual co-founder of Exponential Destiny (filmed prior to founding), is focused on the potential impact within Education and Learning). Competition/antitrust in the metaverse. ", "The competition is about 'Bringing-to-Life' an SDG in 'Immersive & Experiential VR Metaverse Environments'? It is worth starting by pointing out the obvious - competition laws will apply to companies . Board of jury composed with leading investors, protocols, OGs will rate the startup in an anonymous basis to select best-of-class winning projects and startups. Connected Spaces sounds like a category where Microsoft will add more SKUs over time and will use its machine learning, computer vision and IoT technologies to enable customers to gain more insights into their physical environments. letting us know your intent to compete, a bit about yourself, what SDG(s) you plan to focus on, and if you need to find and/or form a team. Were compressing all presentations in 2 * 2h session of 15 electrifying pitches. We are accepting Sponsors who may apply to fund the Prize purse for a particular SDG (out of 17) or all SDGs. Starting as early as February 28th, 2022 when the competition is announced in Geneva, Switzerland at the UN ITU "Digital Transformation" Summit, through the official launch scheduled for June 1st, 2022 in Kigali, Rwanda at the ITU Global Youth Summit, each team will choose one of several (low cost to free) Metaverse design platforms to "bring to life" their selected SDG in an immersive and experiential Virtual Reality environment which they create. During the two Day of the Metaverse Summit, investors will have access to the numerous conferences, including workshops addressed to the neophytes wishing to learn fast about Web3 and Metaverse, as well as talks led by the start-ups that will be pitching on the Startup & Workshop stage. request to receive additional information and become part of the community of teams competing on this global competition. This is the first-ever global competition for innovators pioneering a new era for health and wellness in the metaverse and Web3; Will be judged by a high-profile panel of experts and is co . Thanks for participating! Investors are losing patience over Meta Plaforms CEO Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter. During Microsoft's most recent earnings call, Nadella claimed that Microsoft is "leading innovation in the new industrial metaverse." There is also a cash prize purse amount for the top performing team WITHIN each of the 17 SDGs per age-group. With the rebranding of Facebook into Meta, the metaverse has gained quite the attention from tech giants like Microsoft, Roblox Metaverse and Nvidia Omniverse with a market opportunity that might reach up to $800 billion by the year 2024. The metaverse allows people to interact in a virtual world with each other and expands our "real-life" reality by a digitally augmented one. Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. The winner receives the $100,000 grand prize, and finalists receive considerable prize money. Interviews conducted on the metaverse enable recruiters to accurately assess the. Is Daqo New Energy Corp (DQ) Stock About to Get Hot Wednesday. Analysts on Wednesday called them "confusing and confounding" and Meta's inability to cut costs "extremely disturbing". The Metaverse is a new iteration of the Internet that supports persistent online 3D virtual environments using conventional personal computing and virtual and augmented reality headsets. What makes companies stand out, what are investors looking for, what are they avoiding, and what are some of the biggest mistakes startups make when pitching VCs. will be helpful as a general overview and review of key goals, scope, timeline and more. It's not just 1's and 0's being processed by a GPU and shown to you, it's . For the first time ever Facebook saw a drop in daily active users. An early indication of the sport Metaverse, Zwift is an app you can use when cycling a mounted bicycle that 'makes indoor training fun.'. During the show an artist and fans are transformed into avatars engaging on a virtual stage. These teams will compete in one of two age-categories; age-group 14-18 or age-group 19+. There will be a total grand prize cash award for the team with top-honors across all 17 SDG experiences. The competition is being run in partnership with metaverse and Web3 specialists Condense, KnownOrigin and Pirate. VIDEO: https://youtu.be/EBPiWhp4KG4. A database of all submitted startups with their categories, notes from the board of jury, Investor lounge access and 1:1 project pitch with selected startups, Reserved seats for Startup Demo Day session. If you have an affinity and passion for one or all of the United Nations SDGs, see the section ", https://www.youtube.com/channel/UCTsdtJye1Z_0N0nxIOXzHDg, United Nations specialized agency formed to deliver on the promise of the digital economy, Here is an early conversation in late 2020, please watch/listen to this recent podcast interview with the founding core team. small teams of 2 to 6 individuals each, may form and participate with team members located anywhere in the world. Earlier this year, Microsoft CEO Satya Nadella said Microsoft doesn't think there ever will be a single, centralized metaverse. Global spending on VR/AR, the foundation technologies of the metaverse, is expected to increase from $12 billion in 2020 to $72.8 billion in 2024. And although its Teams for Mesh platform makes for fun demos of what many probably think of when they hear "metaverse," Microsoft also is evolving its more real-world "industrial metaverse" platform. Mark Zuckerberg showing his 'metaverse' avatar during Connect 2021. FOLLOW MORE IBT NEWS ON THE BELOW CHANNELS, IBT Fast Start - Let the best of International News come to you. You're all set to receive the Morning Update newsletter. At their foundation is Azure IoT, which allows you to connect physical assets and run cloud intelligence - and Azure Digital Twins, which provide the ability to model anything physical or logical, from simple devices or products to complex environments.". Pre-validation of technology and founders expertise: all presenting startups have been screened and selected by our technical and business teams. Sadly for Zuckerberg, he better figure out how to get people using Meta services more than ever if he hopes to not lose even more than $29 billion. "It will be much more difficult to monitor market practices," Antoniou said. The fund suggested Meta cap annual investments in the metaverse to $5 billion instead of the current $10 billion. In this session we review the purpose and objectives, outline your Journey & Roadmap over the next 12 months, review the basics: timeline, prize funding, how to get started, Subscribe to the official YouTube Channel to see all recorded information sessions". This competition is intended to explore how it may be used for good; specifically explore new communication methods to build awareness, exposure, and education around the importance of the United Nations 17 SDGs, while also introducing youth and adult learners to this potentially valuable new-economy skillset and next-generation-coding competency of creating VR experiences in the Metaverse. Currently there is over $200,000 USD confirmed in Prize Sponsorship (majority of which will be allocated as cash awards for top performing teams for each SDG), with applications still being accepted through March 2023. the delegates in the audience . wait for it! Submit your startup and project before June 1th. "Click this link to see what cool VR stuff is coming") but nah. (Compare that to the . meta describes the Sign up and stay up to date with our daily newsletter. In this particular discussion, with the eventual co-founder of Exponential Destiny (filmed prior to founding), is focused on the potential impact within, Like any game-changing emerging innovation, there are pros and cons to this technology. We envision an educational system that leverages these new tools for teachers and educators, and ways to compliment existing traditional methods, and ultimately innovate how society performs and delivers quality education and learning. In this session we review the purpose and objectives, outline your Journey & Roadmap over the next 12 months, review the basics: timeline, prize funding, how to get started, Subscribe to the official YouTube Channel to see all recorded information sessions" https://www.youtube.com/channel/UCTsdtJye1Z_0N0nxIOXzHDg, Video: Exponential Destiny team in VR describing the Metaverse cutting to the official prize announcement& launch at the United Nations ITU Digital Transformation Summit on February 28, 2022, https://www.itu.int/hub/2022/03/metaverse-sdgs-vr-competition-gss/. But it's not clear whether a critical mass of people will want that to be their primary computing experience or will feel any incentive to do so just because the tech allows it. The development of the metaverse can partly be attributed to the rise of blockchain technologies, digital assets and cryptocurrencies. (, describing this inflection point and how this field is finally becoming "democratized"- accessible and affordable to the masses - while also improving at an accelerated pace in quality and capability as a result of the global pandemic. Still interested? Microsoft All elements and text are fully customisable; edit the typography, wording, colors and layout inside PowerPoint. 25 Aug 2022 17:01:38 ', iPhone 14 Pro wins with substance over sizzle this year, How to convert your home's old TV cabling into powerful Ethernet lines, I put the Apple Watch Ultra through a Tough Mudder: Here's how it held up, 5G arrives: Understanding what it means for you, Software development: Emerging trends and changing roles, Are free VPNs safe? Apple may not have anywhere near the presence that Samsung and other firms have outside of the United States, but its users have access to arguably the single best ecosystem where people can interact with each other in a variety of easy-to-use ways. Metaverse platform Mona has launched Renaissance, a digital competition calling for designers, architects and artists to create new virtual worlds. Information about your use of this site is shared with Google. Global Metaverse Startup Competition is a competition and advisory program helping spotlight's the next wave of Metaverse entrepreneurs and builders. Well provide good coffee and notepads in a quiet room which can be a safe haven for focused individual conversations, within the intense and buzzing Metaverse Summit. The Investor Lounge will remain accessible exclusively to participating VCs and Founders for scheduling 1:1 follow-ups and more in-depth discussions. The SDGs in VR Virtual stadiums are next season's window on the beautiful game, kicking off with a metaverse partnership between Abu Dhabi's Manchester City and Sony. This team will receive a cash award and related honors, and will be announced and featured at the United Nations ITU WSIS 2023 Summit in Geneva, Switzerland (tentative venue). Should You Buy Borqs Technologies Inc (BRQS) Stock on Wednesday? The SDGs were set up in 2015 by the United Nations General Assembly and are intended to be achieved by the year 2030. Features: An toggle option (off by default) to load the headset into a "immersive mode" "Immersive mode" loads you straight into a 3D hub where you can move around with the joysticks (left joystick movement or teleport movement depending on comfort settings) No floating menu in front of you at all,. Teams may continue to form and register to compete up until the final month of the competition, currently scheduled for March of 2023. Section 2 - "I'm Interested" Section 3 - "I Want to Participate" Section 4 - "I Ready to Compete" FAQ / Contact Sponsors. ), As the first video, this is an important session as it contains many of the basic elements you will need to know if you are part of this community and participating in this fun global imitative. October 27, 2022. Facebook's parent company, Meta, is spending billions every year in an attempt to create "the metaverse." Its main competition . This section you will find "Frequently Asked Questions" as well as ways to communicate with the Exponential Destiny team if you have any additional questions, including information about a ". " Is GDS Holdings Ltd - ADR (GDS) Stock Worth a Buy Wednesday? The latter, being based on blockchain technology as an immutable . From Shakib's May 7 post: "Our Industrial Metaverse is a collection of capabilities in the intelligent cloud and on the intelligent edge working together. Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off its market value . The idea that originated from Neal Stephenson's three-decade old novel Snow Crash, started to gain traction after Facebook boss renamed his company as Meta Platforms Inc. and doubled down. About Post Author Walter Simmons Walter@webpressglobal.com Happy 0 % Sad 0 % I'm not even taking a position on whether or not I like this or not or whether it's a good idea or a bad idea. The United Nations Sustainable Development Goals ("SDGs") are "A blueprint to achieve a better and more sustainable future for all people and the world by 2030". Oct 26 (Reuters) - Wall Street is losing patience over Meta (META.O)boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs. At this point, we are asking individuals - who have found team members or are still looking for team members - to let us know that you plan to participate and compete-to-win. In particular, it gives a brief overview of a) current conceptions of the metaverse and its main components, b) what competition in the metaverse may look like and c) what challenges may arise for competition law enforcers. WITHIN MONTHS, football fans may be able to enjoy live matches in the metaverse, booking their preferred seats inside virtual stadiums, and purchasing replica kits and scarves for their avatars. This section you will find "Frequently Asked Questions" as well as ways to communicate with the Exponential Destiny team if you have any additional questions, including information about a "Questions & Answers" Webinar that we will be scheduling for all to participate in order to answer any questions and provide more details. We are excited about the potential for student and adult learners to up-skill/re-skill into this new-economy competency, considering the emerging development tools required to create within VR and the Metaverse depends more on creativity and story-telling skillsets vs. technical hard-coding competencies. Nvidia (NVDA) might not be the first company most think of when exploring the future of metaverses but the chipmaker is likely going to be the foundation most are built on. There is no entry fee. (Here is an early conversation in late 2020 describing this inflection point and how this field is finally becoming "democratized"- accessible and affordable to the masses - while also improving at an accelerated pace in quality and capability as a result of the global pandemic. Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off its market value after the company posted its fourth straight decline in quarterly profit. This section assumes that you are ready to get started and move to the next step: Team and/or Individual Pre-Registration! "This is a competition of philosophies and ideas, where they believe that by doing everything themselves and tightly integrating that they build a better consumer experience," Zuckerberg said,. ", Check out a series of videos, including recent press interviews with the team describing the "Metaverse for SDGs Global Prize & VR Competition", Section 1 - What is This About? Chavi Mehta and Katie Paul. Metaverse Startup Awards Received 150 Candidates, With Top-Tier Investors as Mentors And Judges June 14th, 2022, Paris The Global Metaverse Startup Competition is a contest and advisory. This section gets into important details and covers: Judging & Evaluation Method, Process, & Timeline (Down-Selection of Teams), Competing Team Composition Rules & Team Guidelines, Prize Purse Award Model/Amounts & Full-Transparency of Sponsor Prize Funding and Allocations, How to Become a Prize Sponsor & Fund the Competition, Competing Team's Intellectual Property (IP) Rights, SECTION 4: "I'M READY TO COMPETE - SIGN ME UP!". According to most people, metaverse just might be the new evolution of the internet - Web 3 or Web 3.0. Arguing over political opinions with your uncle doesnt sound like the best foundation for building a metaverse. What is Wall Street's Target Price for JinkoSolar Holding Co., Ltd (JKS) Stock Wednesday? 2K followers 500+ connections. Then in Q2 of 2023, the top-ranked team experience from each of the 17 SDGS (per the two age-group categories) will be awarded an "Overall Best Experience of Show" grand prize winner. Number Pitch 15-sec highlights on numbers Product Strategist | AR, VR, XR, Metaverse | Oxford MBA London, England, United Kingdom. One Meta shareholder had recently voiced concerns calling the company's investments "super-sized and terrifying". Business Insider - Travis Clark 19h. This is the opportunity for investors to meetup and pitch metaverse projects with great potential. He cited the company's work in IoT, digital twins, mixed reality applications and Connected Spaces (which, right now, means the Dynamics 365 product formerly known as the Connected Store) as the foundational pieces of its industrial metaverse strategy. Bristows LLP. (Reuters) - Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter. Presented by Creator Jam. However, Meta faces stiff competition in the area from a number of big players that likely offer far more "pleasant" metaverses than a platform based around Facebook could provide. On this site you will find all the information that you need, organized into the following helpful 4 sections:(To navigate to each section, use the links below or use the menu options and links at the top of each page): This section (above) provides a basic overview and introduction to the of the "Metaverse for SDGs" Global Prize & VR Competition. For this latter group, individuals may also view. While Apple (AAPL) doesnt have anywhere near the gaming environment that Microsoft or Sony (SONY) provide, it probably offers the single best ecosystem for its users. Agencies. The fund suggested Meta cap annual investments in the metaverse to $5 billion instead of the current $10 billion. ENGAGE: Those individuals who would like to dive deeper into the details in order to make an informed decision as to whether they would like to form a team and compete in this competition should continue to review "Section 3 - I Want to Participate". This competition is intended to explore how it may be used for good; specifically explore new communication methods to build awareness, exposure, and education around the importance of the United Nations 17 SDGs, while also introducing youth and adult learners to this potentially valuable new-economy skillset and. Branding on website and social media as Sponsor of Global Metaverse Startup Competition. An exclusive party will be organized for speakers, sponsors, and VIP ticket holders. University of Oxford . Speakers Marco DeMiroz Information on this site is subject to change. Portfolio results are unaudited and based on varying investment expiration dates. This section assumes that you would like to participate, and thus you need to know more details about how to compete. Location/details: Located in Cambridge, Mass., the MIT $100K Entrepreneurship Competition has three distinct intensive competitions throughout the year: PITCH, ACCELERATE, and LAUNCH. Facebook may just now be one member of Metas family of apps but its the largest by far and a lack of growth changes the way traders view Metas valuation. X-PITCH 2022 is the first in the world to use MRT train and Metaverse as the carrier of the competition, bringing an unprecedented experience to all participants. There is information for organizations or individuals who would like to support one or more of the 17 SDG prizes in this competition as a. . At this time, the evaluation process will begin, and top performing teams will be selected as part of a process for filtering all competing team submissions down to the top semi-finalist experiences for EACH of the 17 SDGs across the two age group categories. Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off . "It would be a mistake for us to not focus on any of these areas that will be fundamentally important to our future," Zuckerberg said on the call. Copyright 2022. Global Metaverse Startup Competition is a competition and advisory program helping spotlights the next wave of Metaverse entrepreneurs and builders. We are excited to see the creative VR/Metaverse experiments - Immersive, experiential, interactive simulations and social environments - that teams around the world produce through this fun competition.
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