Nextech AR Solutions Corp. has announced that it will acquire AR cloud-based 3D mapping startup ARway. The acquisition represents a recent move by the company to focus its efforts on the building for the Metaverse.
ARway is a Unity-based spatial mapping platform designed to assist companies with the creation of content for the Metaverse. It uses AI software to scan and recognize environments for "hyper-accurate location-based 3D mapping." ARway provides users with 'Augmented Reality Software Kit' that allows them to frame a digital world in a matter of minutes.
This acquisition is significant as it officially makes Nextech a Metaverse company, offering its own "mini-metaverse" to interested brands and companies. The company hopes to "create mini-metaverses based on geolocation like museums, corporate headquarters, theme parks, sports stadiums, University Campuses and more," said Evan Gappelberg, CEO of Nextech.
Mini Metaverse Companies
Nextech Set to Aquire Spatial Computing Company 'ARway'
Trend Themes
1. Metaverse Building - The trend of building mini-metaverse for geolocations such as museums, corporate headquarters, theme parks, sports stadiums, and university campuses through spatial computing poses a disruptive opportunity for companies in the virtual reality space.
2. Spatial Computing - The rise of spatial mapping technology and augmented reality software kits for hyper-accurate location-based 3D mapping can create new disruptive innovation opportunities for real estate, architecture and construction industries.
3. AI-assisted 3D Mapping - The utilization of AI to improve the scan and recognition of environments for making hyper-accurate location-based 3D maps can disrupt the tourism, gaming, mapping, and geospatial industries as businesses create more immersive digital experiences.
Industry Implications
1. Virtual Reality - As Nextech aims to build mini-metaverse for geolocations, virtual reality companies can leverage this trend and expand their scope of services to cater to brands and companies that seek a digital world to reach their clients and customers.
2. Real Estate, Architecture and Construction - The rise of spatial mapping technology and augmented reality software kits can disrupt the real estate, architecture and construction industries by creating more efficient and cost-effective workflows in design and project management.
3. Tourism, Gaming, Mapping, and Geospatial - The AI-assisted 3D mapping technology can create significant disruptive innovation opportunities by leveraging hyper-accurate location-based 3D maps for delivering immersive and enhanced digital experiences for tourists, gamers, and map users alike.