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The XR Week Peek (2021.08.02): Facebook creates Metaverse group and prepares to launch its smartglasses, and more!

The Ghost Howls

If I had known people could like it, I would have not made it in 5 minutes with Microsoft Word, lol. Facebook Reality Labs creates a group focused on working on the “metaverse”. The leader of the group will be Vishal Shah, Instagram VP of Product, that will report directly to Andrew Bosworth. In Japan, the number is around 80K.

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Microsoft Mesh for Teams to Roll Out Upgrades at Build 2023

XR Today - Mixed Reality tag

Microsoft unveiled fresh, immersive features for its Microsoft Mesh-powered Team platform, it announced at its Build 2023 event on Tuesday. Meeting attendees can now walk over to groups, wave to others, and similar activities. Teams users can now connect in immersive spaces with realistic interactivity.

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Magic Leap 2 Starting Price Positioned Slightly Less Than HoloLens 2, Release Date Set for September

Road to VR

The company says the headset will come in three versions priced for different groups: Magic Leap 2 Base (for “professionals and developers”). The company expects the headset to launch in Japan and Singapore by the end of the year. Magic Leap 2 Release Date and Price. One year warranty. Magic Leap 2 Developer Pro.

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Defining a Tech Cycle and Where Augmented Reality and Virtual Reality Stand

ARPost

Many leading technology companies such as Facebook, Apple, Microsoft, and Google are investing billions into developing these technologies. In a particularly interesting case, there is a business in Japan that offers first-class flights and vacationing to any location using VR. I am not the only one who has identified this trend.

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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

TechCrunch VR

Big tech corporations, ranging from Facebook, Intel to Microsoft, are targeting to move in the area. Apple also waded into the area of virtual reality, working on developing a high-end VR headset. Urbanbase claims 50,000 monthly active users with 70,000 registered B2C users. The company has about 50 B2B customers.

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Defining a Tech Cycle and Where Augmented Reality and Virtual Reality Stand

ARPost

Many leading technology companies such as Facebook, Apple, Microsoft, and Google are investing billions into developing these technologies. In a particularly interesting case, there is a business in Japan that offers first-class flights and vacationing to any location using VR. I am not the only one who has identified this trend.

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Nreal Round-Up: New Product, Funding, and Teasers

XR Today - Augmented Reality tag

After that, Nreal debuted its product in the UK with help from telecommunications group EE. The product also launched in Japan earlier this year. Over the past year, Nreal has successfully distributed its augmented reality (AR) smart glasses products globally. The Chinese firm overcame legal action to hit US markets in 2021.