• Bitcoin
  • Blockchain
  • Crypto
  • Metaverse
  • AltCoins
  • Business
  • Investment
  • Upcoming
What's Hot

Sanlam makes history with SA’s first media launch in the metaverse

February 2, 2023

Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

February 2, 2023

NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

February 2, 2023
Facebook Twitter Instagram
  • Bitcoin

    Nostr Will Only Scale If It Can Incentivize Users To Run Relays

    February 2, 2023

    LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services

    February 1, 2023

    South Africa Pick-n-Pay Now Accepts Bitcoin – Bitcoin Magazine

    February 1, 2023

    Ordinals Launch NFT On Bitcoin – Bitcoin Magazine

    February 1, 2023

    Twitter Killer Nostr Apple App Store – Bitcoin Magazine

    February 1, 2023
  • Blockchain

    WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse

    February 2, 2023

    Will Polkadot’s [DOT] new parachain fix the blockchain?

    February 1, 2023

    BNB Chain Unveils 3rd Blockchain in BNB Ecosystem, Tether ‘Never Borrowed from Celsius’, Ripple Sold $226M Worth of XRP in Q4

    February 1, 2023

    Toyota Taps Astar Network Hackathon to Test Blockchain Use Cases By CoinEdition

    February 1, 2023

    VeChain based NFT blockchain MMORPG launches whitepaper in trillion-$-market

    February 1, 2023
  • Crypto

    Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    February 2, 2023

    Yates County cryptocurrency miner completes debt restructuring deal

    February 1, 2023

    How ‘King of Instagram’ Dan Bilzerian ‘made millions’ from cryptocurrency after bizarre poker deal

    February 1, 2023

    Tense calm for cryptocurrencies; the market awaits Powell and the Fed

    February 1, 2023

    Cryptocurrency Price Today: Bitcoin, Ethereum See Gains Ahead Of Union Budget

    February 1, 2023
  • Metaverse

    Sanlam makes history with SA’s first media launch in the metaverse

    February 2, 2023

    Meta’s plans to expand metaverse are up and running again: Here’ how

    February 2, 2023

    RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

    February 1, 2023

    Habytat by SmarterVerse Creates Virtual Wynwood Arts District, Offers 200 Artists Complimentary Gallery Spaces

    February 1, 2023

    Van Heusen enters metaverse to leverage immersive experience

    February 1, 2023
  • AltCoins

    Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

    February 2, 2023

    Crypto Analysts are Saying These Altcoins Have Huge Potential – Here’s Why

    February 2, 2023

    Are Cryptos Bound to Retrace Amid Recent Pump?

    February 1, 2023

    Polkadot (DOT) Price Moves Closer To Crucial Support, What’s Next?

    February 1, 2023

    Crypto Experts are Saying These Altcoins Will be the Next Big Thing – Find Out Why

    February 1, 2023
  • Business

    Bithumb’s de facto owner arrested over alleged embezzlement

    February 2, 2023

    Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas

    February 1, 2023

    Cathie Wood’s Ark Invest Says Bitcoin Could Hit $1.5 Million by 2030

    February 1, 2023

    Bankrupt Crypto Exchange FTX had Around $1.4B Cash at 2022-End

    February 1, 2023

    Cryptocurrency roundup for February 1: Celsius report reveals dual business practices, BankProv abandons… – Moneycontrol

    February 1, 2023
  • Investment

    Crypto Investment Products’ AUM Surges as Investor Confidence Returns: CryptoCompare Report

    February 2, 2023

    Crypto Investors Can Purchase Bankruptcy Put Options to Protect Funds on Binance, Coinbase, Kraken Crypto Exchanges

    February 1, 2023

    Ethereum price forecast for February, including Morgan Stanley comments By Investing.com

    February 1, 2023

    Here’s the Next Ethereum-Level Opportunity for Crypto Traders, According to Investor Who Called Bitcoin Reversal

    February 1, 2023

    Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency? By Cointelegraph

    February 1, 2023
  • Upcoming

    NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

    February 2, 2023

    This Supreme Court Case Will Reverberate Throughout the Compliance and ESG World | NAVEX

    February 2, 2023

    Ethereum (ETH) Could Reclaim $2,000, Trader Says

    February 1, 2023

    T-Mobile US earnings beat by $0.11, revenue fell short of estimates By Investing.com

    February 1, 2023

    Capital Investment Increased By 33%

    February 1, 2023
investorstoday.press
investorstoday.press
Home»Metaverse»Minnesota companies enter the metaverse
Metaverse

Minnesota companies enter the metaverse

maikdezana@icloud.comBy maikdezana@icloud.comNovember 20, 2022No Comments6 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

When COVID-19 forced workers home, companies quickly shifted communications strategies to videoconferencing platforms like Zoom and Microsoft.

But as the pandemic lengthened, companies realized that they needed to take more than daily planning virtual. Even factories that stayed open had to update training procedures for people who would normally travel to learn about new equipment.

Enter the metaverse. Companies and organizations in Minnesota took immersive technology used in gaming to create new onboarding and training materials with computer-generated environments made to look and sound real while changing the way people communicate.

Now they say the technology is here to stay and are working on even more ways to use it — with both employees and customers.

Experts around the Twin Cities view the metaverse as the next iteration of how human beings leverage and interact with internet-based technology. This follows the introduction of the personal computer, dial-up internet, mobile phones, and browser- and app-based videoconference platforms, said Amir Berenjian, CEO of Rem5, a St. Louis Park-based virtual reality studio and development company.

For Uponor North America in Apple Valley, the U.S. headquarters for the global pipe manufacturer, Rem5 Studios created a virtual reality training system where new employees working remotely and customers outside the region can tour the company’s unique manufacturing process, as well as quality controls and testing.

A few years ago, the company would have flown those workers to the Twin Cities.

“This is more scalable and cost-effective,” Berenjian said.

Companies like Ford partner with VR companies to give their remote designers a place to collaborate in real time.

Rem5, also for Uponor, created an augmented-reality experience that displays 3-D holograms of Uponor products to show how they are individually fitted into one final piece and operate, allowing a person to learn about the product, inspect parts and interact with it without having to transport the physical part itself. Anyone with a mobile device connected to the internet can access the experience from anywhere in the world.

This technology can alter how companies and organizations engage with clients, too. Instead of hauling equipment to trade shows or to another business for demonstrations, VR can be added as a means to illustrate how equipment and machines function in the real world.

Using VR headsets

Virtual-reality headsets add a deeper component of 3-D communication, as it is a more natural form of engagement, Berenjian said. Body language, walking in various directions while holding a conversation or even turning one’s head to see where a sound is coming from can be achieved in the virtual world.

That doesn’t happen in two-dimensional engagements like Zoom, he said.

“The reason I like to go down that path is to demystify how people think we’re taking a step away from human connection when we introduce virtual technology,” Berenjian said. “We’re actually taking a step back when we do .”

In using a virtual-reality headset, all of one’s visual input becomes controlled by the application. Everything seen is computer-defined, nearly eliminating a person’s ability to multitask like they would on a phone call, or even a videoconference call where a person can cook food or wash dishes while they talk, said Victoria Interrante, a professor at the University of Minnesota’s Department of Computer Science and Engineering

“It evokes a different mode of interpretation and interaction with what you’re doing,” Interrante said.

How commonplace VR headsets are, however, depends. Not only is price a factor, but comfort as well. Some users can experience nausea or dizziness while in a headset for prolonged periods.

“Once the technology gets to the point where it’s as physical comfortable to be in VR as it is to be in the real world, then I think we’ll see more people adopting it,” Interrante said.

A company of avatars

Not every experience in the metaverse requires virtual-reality headsets. Many can be accessed through the internet on a personal computer or mobile device.

While first-person virtual reality allows a user to see a world through their own eyes, third-person VR is a method of puppeteering a digital character that represents them.

Rem5 developed a desktop VR program called 1 City, 2 Realities as a diversity and inclusion training tool for employers. When logged into the online program, people can control their avatars to walk through a virtual gallery of information and images “highlighting systemic racial inequalities in our nation and Minneapolis.”

Rem5 has worked with General Mills and Target to make the virtual experience part of employee training.

The company also created a similar program that focuses on privilege, Berenjian said.

An experiential learning opportunity such as this creates empathy, Berenjian said. The emotional response of watching scenes unfold in VR bridges the gap between watching a recapitulation on those events on news channels and actually being there.

“Your brain is more immersed,” he said.

Meetings in the metaverse take on different levels of engagement in avatar form. A videoconference meeting with dozens of attendees can become convoluted if there are too many faces within tiny squares on a computer screen.

In the metaverse, dozens of people can still gather, but have one-on-one or group conversations in a room if their avatars huddle together, just like in the real world.

“The knee-jerk reaction is to say, ‘I don’t want to replace the real world,'” Berenjian said. “We’re not talking about replacing anything. We’re talking about extending, or enhancing or making it more accessible.”

Because immersive technology can make interactions more personable, it’s becoming more common in therapy sessions and in diversity education. Meeting in the metaverse just for the sake of doing so, however, is not going to increase engagement with that technology, Berenjian said.

“We need compelling reasons to be in these spaces,” he said. “It’s novel and it’s going to wear off.”

Where companies can begin

If companies think a permanent virtual-training option should be available, then they need to think about how much they have to spend. For example, a program that uses VR headsets could be costly, Berenjian said.

But as innovators and advocates of Web 3.0, the next iteration of the internet, push a decentralized, and more democratized, system for emerging technologies, the use of augmented and virtual technology will become less expensive, and possibly free.

“We’re talking about making this more accessible,” Berenjian said.

In the interim, companies will have to do their due diligence to find potential partners that specialize in immersive technology and negotiate the costs. Companies like Rem5 aren’t in abundance in the Twin Cities, but do exist here, and there are nationwide players.

Red Wing Shoes, for example, recently partnered with California-based Roblox Corp., the makers of the Roblox online gaming platform, to create a virtual experience called Red Wing BuilderTown through its new Builder Exchange Program.

Eventually, some of those designs will be constructed in the real world for people in need through Red Wing’s partnership with Settled, an organization that houses the homeless with tiny homes. Roblox members are also able to shop for Red Wing merchandise within a virtual store.

This form requires JavaScript to complete.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
maikdezana@icloud.com
  • Website

Related Posts

Sanlam makes history with SA’s first media launch in the metaverse

February 2, 2023

Meta’s plans to expand metaverse are up and running again: Here’ how

February 2, 2023

RFOX VALT Launches AI-Enabled Metaverse Apartments for Sale

February 1, 2023

Habytat by SmarterVerse Creates Virtual Wynwood Arts District, Offers 200 Artists Complimentary Gallery Spaces

February 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest crypto news

Advertisement
Demo
Top Insights

Sanlam makes history with SA’s first media launch in the metaverse

February 2, 2023

Elon Musk Wants McDonald’s to Accept Crypto Payments. Dogecoin (DOGE), Bitcoin (BTC), and Snowfall Protocol (SNW) Benefit

February 2, 2023

NYDFS Releases Guidance For BitLicensees And Limited Purpose Trust Companies On Asset Custody In The Wake Of Cryptocurrency Insolvencies – Financial Services

February 2, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Categories
  • AltCoins (1,397)
  • Bitcoin (1,365)
  • Blockchain (1,382)
  • Business (1,376)
  • Crypto (1,363)
  • Investment (1,381)
  • Metaverse (1,359)
  • Upcoming (1,317)
Facebook Instagram
  • Contact Us
  • privacy policy
  • about us
© 2023 Designed by investorstoday.

Type above and press Enter to search. Press Esc to cancel.