China-based immersive technology startup Rokid has raised a total of $160 million in a series C funding round

The post Rokid raises $160m as its AR glasses for consumers and enterprise take off appeared first on VRWorldTech Magazine.

Who needs luck when you have technology? A new video featuring a unique AR (augmented reality) filter is turning heads online and kickstarting discussions around the impact of immersive technology on the gambling industry. First spotted by Futurism, the video showcases an AR overlay capable of providing an estimated win percentage in a game of […]

The post AR Tech Could Disrupt The Gambling Industry appeared first on VRScout.

RFOX, a fast-growing metaverse company building the future of the Internet, has announced it has established a new regional office in Dubai. The company is currently domiciled in Southeast Asia and has carved out a reputation as one of the hottest blockchain companies. 

What makes RFOX unique is the RFOX VALT metaverse, a virtual world that the company is building in virtual reality (VR), and its integration with the multiple other businesses the company has already built to create a vibrant ecosystem. The RFOX VALT is focused on shopping, retail, and entertainment experiences, offering users the ability to have new and immersive experiences with their favourite brands and celebrities in VR.

RFOX established a roadmap to build a metaverse two years ago. The Company's plans accelerated once Facebook announced it was pivoting to become a metaverse-focused company called Meta. Fortunately for RFOX, its plans to build a metaverse were fairly advanced. RFOX is one of the few companies that have specifically targeted both retail and entertainment sectors for its metaverse focus. Analysts Emergen Research have identified both sectors to dominate the metaverse market, estimated at USD 1.6 trillion by 2030.

Co-founder and CEO, Ben Fairbank praised the Dubai government, especially its ruler Sheikh Mohammed Bin Rashid Al Maktoum, for the foresight and vision for virtual assets and the crypto industry. “We looked at multiple jurisdictions, and after careful review, we decided that Dubai was making great progress in giving users confidence in virtual assets. Dubai's adoption of the Virtual Asset Regulation Law, the first law governing virtual assets, and the establishment of a regulator to oversee the sector will help facilitate the mainstream adoption of virtual assets. We also looked at the ecosystem in Dubai and found we were in good company with organisations such as Binance and Meta also taking up strategic positions in Dubai. We are optimistic about our future in the region”, said Ben Fairbank, CEO of RFOX.  

About RFOX

RFOX is a metaverse company with a mission to be the global leader in immersive metaverse experiences focused on retail, media, gaming, and rewards, through the RFOX VALT metaverse. Since 2018, the company has built the RFOX ecosystem of products and solutions that include online games (RFOX Games), white-label NFT platform (RFOX NFTs), DeFi products (RFOX Finance), digital media platforms (RFOX Media and RFOX TV), and more. Its main token is RFOX, the digital asset that fuels the RFOX metaverse ecosystem and its immersive technology.

Media Contact

Ira Go

Email: ira@rfox.com

Contact: +639155500764

Say goodbye to boring 2D video calls. Earlier today, Slovakian software company Matsuko announced plans to premiere its new holographic communication app later this week during the 14th annual SXSW Pitch. The app uses a combination of AR and AI technology to project life-like 3D holograms over your real-world environment using an iPhone and compatible […]

The post New App Brings Real-Time 3D Holograms To iPhone appeared first on VRScout.

The anti-racism VR simulation, co-developed by Bodyswaps and subject matter experts from George Brown College, is a great example of how immersive tech can do more

The post TRW: Bodyswaps shows that VR can do more appeared first on VRWorldTech Magazine.

Over a dozen years of audacious augmented play beyond the beloved brick. For over a dozen years LEGO has augmented our world with audacious augmented play beyond the beloved brick. In addition to creating experiences that “play well,” LEGO continuously experiments with emerging technologies to shape what the near future of play could be, thoughtfully […]

The post Retrospective: How LEGO Augments Our World appeared first on VRScout.