Real-time software company Vection Technologies Ltd (ASX:VR1) has unveiled its FrameS “Metaverse” release, in anticipation of becoming an Embedded App within Webex in the second half of FY22.
The unveiling of the newest FrameS release is considered a critical material milestone, rolling out with the key new feature of allowing organisations to autonomously build self-contained immersive metaverses: enterprise focussed, dynamic 3D worlds where people can participate equally from anywhere in the world.
The “Metaverse” release forms part of the development roadmap for the integration of FrameS with Webex by Cisco as an Embedded App during the second half of the current fiscal year, combining the “3D worlds” capabilities of FrameS with Webex’s video conferencing and online meetings tools (apphub.webex.com/coming-soon).
Webex by Cisco is the leading enterprise solution for video conferencing, online meetings, screen share, and webinars counting over 590 million monthly participants during the recent global pandemic.
Vection says that as a company focussed on building breakthrough XR solutions for the enterprise of the future, the latest FrameS release, strategically positions Vection to capitalise on the significant interest of organisations who are seeking to address the problem of boosting remote workforce productivity and collaboration while maintaining their innovative advantage.
Aligned with this strategy, the Company has begun to roll-out the new “Metaverse” release to its existing user base including, among others, high-end fashion retailer Giorgio Armani and luxury yachts manufacturer Ferretti Group, allowing them to join their own self-contained metaverses, combining the physical and digital in a virtual environment.
The next milestones of development will see the Company’s R&D focus move onto a wide suite of new features, higher graphic resolutions and a stronger cloud infrastructure to support a bigger user base.
Vection set to capitalise on Metaverse trend
The Metaverse has been described as a set of virtual spaces with diverse 3D objects where users can interact and explore as part of a 3D world and has been foreshadowed as what the internet will be next.
The “Metaverse” term has recently received significant interest, with leading technology companies Facebook (“Meta”) and Microsoft (“Mesh for Microsoft Teams”) positioning themselves to develop tools and solutions for the new internet to come.
“Vection has always been a true believer in virtual 3D worlds, where organisations and people can connect and collaborate to create value” said Gianmarco Biagi, Managing Director of Vection Technologies.
“As part of this vision we have worked tirelessly with industry leaders to understand their problems and creating solutions to address them. Today, following years of development, we believe we are on the cusp of a major adoption revolution, where, via Webex’s established user base and Vection’s critical metaverse-focussed technology, we can play a major role in framing the future of the XR industry and the metaverse to come.”
