NeXR Technologies SE has joined the Metaverse Standards Forum, a consortium of over 30 IT companies, groups, and entities working to create an interoperable Metaverse.

By joining the 35-person group, the Berlin, Germany-based company intends to share its expertise in open interoperability standards, avatar development, motion capturing (mocap), and virtual reality technologies with colleagues for creating the Metaverse.

The business boasts a selection of XR cloud-based solutions, including its Avatar

Cloud computing platforms, where the latter uses Epic Games’ Unreal Engine to host avatars and metaverse solutions for virtual events while the former uses body tracking techniques for virtual changing rooms. The Metaverse is commonly regarded as the successor to mobile internet, and the Forum wants to create open Metaverse standards and unite the sector.

The MSF was established in June to promote collaboration within the extended reality (XR) sector to develop interoperability standards. Members include important businesses including Adobe, Epic Games, the Web3D Consortium, the XR Association, Meta Platforms and many others.

The group of standard developing organizations (SDOs) seeks to encourage the widespread adoption of innovative Metaverse standards while minimizing the need for repeated development work.

Such industry standards, according to Markus Peuler, Managing Director of NeXR Technologies SE, are “a critical catalyst” for bringing forward fresh technological advancements.

He stated, “Especially from the user standpoint, the development of industry standards is a critical stimulant for the breakthrough of new technologies. Technological barriers must be removed in order to minimize costs and enable mass market penetration. Additionally, the increased functionality of programs as a result encourages users to engage themselves in the metaverse.”

The Khronos Group had previously announced that it would hold the Forum to realize the potential of creating industry-wide standards in an effort to overcome barriers in the future of an open-source Metaverse.

According to Neil Trevett, president of Khronos, the association will join the group’s members in July to assure the acquisition of “a constellation of interoperability standards.”

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This project, known as The Excorcist’s Cookbook, is centered on the version of the metaverse known as the Sandbox that is currently available. Because this will be a play-to-learn game, the objective is to create a fictitious universe in which players take on the role of a bounty hunter tasked with tracking down both demons and people.

Even though the aesthetics in the Sandbox are limited at the moment, the developer is not going to let this deter them from designing fantastic gameplay features that will not only please the holders but also compensate those who are not voxel fans. The undertaking is significantly more extensive than the holders would ordinarily anticipate.

“We are planning to construct the largest map that we are capable of, complete with both above-ground fields and an underground tube network if at all possible. We have plans to introduce more complex melee combat mechanics, firearms, talents, and spells, as well as multiple classes with a variety of distinct playstyles.”

Each of the NFT will be playable in the game, and the first collection will be representative of the hunter class, which will mostly concentrate on gunfights

“We are going to launch the second collection exactly one month after we reach the point when 100 percent of the first collection has been sold, at which point we will expose the second collection to the public. On the pre-sale, the privilege to mint is going to be reserved only for the holders.”

The company is intending to introduce their very own cryptocurrency once all of the items in the second collection have been sold. This money will be generated automatically by holders for each of their assets; hence, the more assets they have, the more it will generate.

“We are not going to pause after the introduction of our currency for any reason. Since we have made it this far, we are going to celebrate by purchasing the first plot of land in the Sandbox and getting started on the actual game production! From this point on, we are going to inundate you with information regarding every strategy as well as every facet of the next game.”

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The official debut of the XC40 Recharge, Volvo Cars India’s first all-electric model, will take place on metaverse, the company said on Monday. The event, which is scheduled for July 26, will include the eagerly anticipated price reveal for the XC40 Recharge in India. Another first follows the announcement that the XC40 Recharge will be the first luxury EV to be built in India.

This will be the first time an automobile will be launched in India using dawn technology from the metaverse

The creation of the metaverse, a collection of numerous distinct virtual environments, elevates the internet to a new futuristic 3-D level. The XC40 Recharge’s launch in the metaverse will mark the beginning of a new era of digital connectivity that offers a 3D experience.

Mindshare and its collaborating partners created the Metaverse launch. “Volvo is renowned for utilizing technology to create high-tech, safe vehicles. Utilizing metaverse’s possibilities is simply one more instance of how Volvo Car is making use of cutting-edge technology from a marketing perspective. This is the first new launch to take place on this platform in the history of the Indian auto industry. According to Jyoti Malhotra, managing director of Volvo Car India, “We are certain that the XC40 Recharge will be widely embraced by customers who are looking for an EV with all the safety and luxuries features that Volvo Cars are famous with.”

Amin Lakhani, CEO of South Asia Mindshare, commented on this innovative project on the metaverse by saying, “Innovation and creativity play a critical role and are helping to the success of our sector. We strive to provide our clients with tech-enabled, creative marketing solutions. Utilizing cutting-edge technology to give customers distinctive brand experiences is an ongoing endeavour. By working together and leveraging the skills of partners like Hogarth, Yonder, Grey, and Genesis BCW, Mindshare aims to assist companies in forging closer connections with their target consumers. With the debut of Volvo’s first ever EV, we are thrilled to make Metaverse history.”

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