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Metaverse November 6, 2021

Metaverse: Dropbox is preparing for the metaverse

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“We’re moving toward a metaverse. I’m really excited about that vision,” Drew Houston, CEO of Dropbox said.

“Where Dropbox fits in if you’re working in that type of environment or in the metaverse, you need things. So for your digital content, Dropbox could help you and that’s where we’re headed. It’s very early days. It’s a long journey, but it’s exciting.”

metaverse dropbox

“Our strength is in the content, which is helping you get your documents into that virtual world. Our infrastructure allows you to create the document or presentation you want to present. So we certainly integrate with the metaverse,” Houston said. “We want to help you get your data into and out of your Dropbox and to the metaverse and vice versa, so that everyone can be in the same virtual room and see the same content.”

Dropbox produced very strong results in the third quarter even without the metaverse. 

Due to increased demand for storage and networking services during the Covid-19 pandemic, total revenue grew 12.9 percent year over year and exceeded management’s guidance. Recurring revenue increased 12 percent to $2.2 billion. Paid users rose from 15.49 million to 16.49 million.

By 2024, the company expects to generate $1 billion in free cash flow. The company reportedly had $2 billion in cash at the end of the third quarter.

In Friday’s trading, Dropbox shares fell about 7 percent as investors took profits after the news release. In Houston’s opinion, market volatility on Dropbox earnings days is a normal part of the day, so the one-day drop was not surprising. 

Analysts who were bullish on Dropbox before the earnings release have maintained their views despite the market’s reaction. 

According to a William Blair analyst, Jason Ader, Dropbox’s technology stickiness is underrated. Ader reiterated an “Outperform” rating for Dropbox.

For MetaNews.

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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Metaverse

Niantic to release metaverse social app

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Niantic, the maker of famous augmented reality mobile games like Pokémon GO and Pikmin Bloom, made its Lightship Visual Positioning System available to developers at the beginning of this month. By doing so, the company laid additional groundwork for its ambitious “real-world” metaverse. Additionally, the company introduced Campfire, a novel form of social network that will assist users in finding new friends, games, and activities to participate in.

Niantic has announced that it will begin rolling out its social app in certain regions this week

The app will provide users with a simpler method to connect with the Niantic community. This summer, support for Niantic games will be made available to a limited number of Pokémon GO users before being made available to all games and gamers at some point in the not too distant future.

The software includes a number of other networking functions in addition to the gaming options. A dynamic map of your immediate vicinity displays other players, events taking place in the community, and in-game experiences. A tab that can be found at the bottom of the screen has a number of helpful tools that enable users to maintain connections with existing friends as well as make new acquaintances.

Users can establish a group chat, arrange gym raids, share their whereabouts with pals, keep track of upcoming gatherings, and more using this app.

“Using a map is a great way to explore, whether you’re going somewhere new for vacation or you just want to discover new parts of the city you live in. According to a statement made by the company in an official press release, “And if you meet up with other people, you may send them a friend request and direct message to organize your next rendezvous.”

“We are delighted to explore the different ways in which you utilize Campfire to encourage the kinds of real-world connections that have always been at the heart of what Niantic does.  Over the following few days, Campfire will start rolling out in certain places throughout the world.”

For MetaNews.

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Metaverse

TLGT is an innovative NFT project

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Planet TLGT is an ecosystem that has been created for the welfare of both the natural world and its inhabitants. It includes a wide range of initiatives, such as NFT projects, Metaverse projects, IRL projects, plantation drives, DAO, and DeFi initiatives, amongst others, with the goal of generating money while also protecting the environment.

The Lucky Golden Trees are non-fungible tokens that are generated at random

These tokens are also known as “NFTs.” Owners are granted access to a variety of community perks, including additional FREE High value NFTs, rewards, and the ability to use Planet TLGT. There are 11111 TLGTs, and each one is totally different from the others. On the Polygon blockchain, TLGTs can be mined, held, and exchanged once they have been created.

There are 1111 reservations in all. Out of these, 300 will be reserved for the ever-growing squad, and the remaining 555 will be distributed as prizes. The remaining items will be sold off at private auctions. “Once it is available, holders will be able to acquire a TLGT NFT by going to the website, scrolling down to the minting section, and then clicking the “Mint Now” button.”

Planet TLGT has set itself the goal of providing its holders with a lifestyle that is secure, organic, and luxurious. The protection of one’s privacy, organic food for one’s health, and the opulence of one’s living standard.

“We are developing a TLGT Village with excellent standards of living at minimum expense using a novel concept called the Physical-Virtual Home, and TLGT-Fam will have lifetime free access to it.”

MetaNews.

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Metaverse

Disney steps into the metaverse with project

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Bob Chapek revealed Walt Disney Co.‘s first new cruise ship in a decade. It was the first project he championed to the company’s board. Chapek became Disney’s CEO in February 2020 and earned a three-year contract extension on Tuesday after recent issues spurred questions about his stay.

Chapek informed attendees at the christening event that it took six years to build the 144,000-ton Wish. Mickey and Minnie Mouse, Ant-Man, Chewbacca, and other Disney characters made appearances. “We combine wonderful personalities and tales with incredible technology,” Chapek remarked.

Disney’s theme parks, experiences, and goods unit has rebounded from pandemic closures. First-half operating income was $4.2 billion, reversing a $535 million deficit a year earlier. Chapek said in November that Disney’s premium-priced cruises have yielded “a double-digit return on investment.”

The Wish “kicks off the largest expansion in Disney Cruise Line history,” said Disney’s parks division head Josh D’Amaro. By 2025, two more ships will arrive

The new ship sails as the industry tries to win back consumers. Moreover, the Cruise Lines International Association thinks it will be 2023 before passenger volume surpasses 2019’s 29.7 million.

D’Amaro said bookings indicate Disney’s cruise line will return to full capacity.”We’ll have seven of them filled out,” he added. “I’m positive.” In addition, ” People who join this ship spend three days at Walt Disney World.”

AquaMouse will be the Disney Wish’s first attraction at sea. Guests float through 760 feet (230 meters) of winding tubes while seeing Mickey and other animated shorts. Families may dine in “Frozen” and “Avengers” realms. Disney designed a “Solo: A Star Wars Story”-themed hyperspace lounge for adults.

The ship features a physical-digital interactive experience. A Disney Cruise Line software turns a phone into a virtual “spyglass” for viewing constellations and going on adventures.

The interactive game further Chapek’s metaverse ambitions. The executive recommends virtual activities to keep consumers linked to Disney characters and tales between movie releases and park visits. The Disney Wish departs Port Canaveral, Florida, on July 14.

MetaNews.

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