VR360 is a spatial-imaging and distribution service using virtual reality (VR) technologies to convert real-world space into a scalable 3D environment.
Using special 3D cameras like those from Matterport Inc. MTTR, users experience the world as if they were really there.
In some circumstances, users can customize their space within the main dashboard, embedding audio, video, sound and ambiance into the immediate environment. Businesses may use prompts and instructions for platform navigation and include welcome screens, maps, websites and disclaimers to interact directly with their users.
Because each space can be customized with text, URL links, images, audio and video, similar to those worlds created in Microsoft Corp.’s MSFT Altspace platform or Meta Platforms Inc.’s FB Horizon Worlds, users can easily get lost within the 360 metaverse – only to the scale and realism of places that already exist.
Real estate agencies continued to showcase luxury homes – except now, to buyers across the country. There were mass exoduses from larger, more expensive cities. And thanks to VR, many found great homes without touring one house in person.
In June, HeartCore Enterprises Inc. HTCR released its truRes-12K camera.
Popularity Of VR Rises
Meta has sold 10 million units of its Oculus Quest 2 since it launched in October 2020, Qualcomm Inc. QCOM CEO Cristiano Amon said during the company’s 2021 investor day,
On the consumer front, Meta’s Quest 2 sold around 2 million VR headsets in the run-up through Christmas. There were over 1.5 million downloads of the required Oculus app from December 23-29, 2021.
A common trend that year was among the leading players in retail and tech, who moved the goal toward merging a networked reality with enhanced, real-time experiences.
Walt Disney Co. DIS, for example, will incorporate video capture points at its parks to provide visitors with hybrid photo and video opportunities as they board rides with their favorite Disney characters.
The Kalahari Resorts and Convention Centers integrated digital VR experiences into its indoor water parks. On National Waterpark Day 2021 guests were asked to outswim a tyrannosaurus rex while on a waterslide.
Several early adopters have capitalized on the concept of virtual reality by creating virtual worlds.
Real estate developers bring buildings and neighborhoods into the metaverse – many to scale of the properties that are for sale. They’re designing furniture, accessories, buildings and entire city blocks.
How Is VR360 Technology Different From 3D Technology?
Spaces are developed faster and cheaper than traditional computer-generated designs. Each new space is different from its competitor, allowing users to import existing web assets and perfect for creating virtual storefronts to be used in Alphabet Inc.’s GOOGL Maps Street View.
HeartCore’s VR360 spatial-imaging platform was created in late 2020, and generated more than $100,000 in sales in less than a year, helping businesses meet their needs for digital transformation.
It all started with two case studies.
One was with the Tokyo University of Technology, which wanted to hold detailed campus tours during the COVID-19 pandemic via virtual campus visits. It also wanted future students to walk around the campus with an easy-to-use user interface. Mitsubishi Shoji & Sun Co. Ltd. MSBHY also wanted to provide facility tours and virtual office hours.
Global VR Market Projected To Reach $26.86 Billion By 2027, AR $340.16 Billion By 2028
Another opportunity HeartCore says it is looking into is augmented reality (AR). Although AR and VR are completely different on the surface, they often go hand-in-hand when it comes to spatial imaging and immersion techniques. Companies like Woojer also bring realism to the space with haptic-meets-sound devices.
Apple Inc. AAPL releases its AR glasses in late 2022 or early 2023. Google will also reintroduce the Google Glass. Meanwhile, Vuzix Corp. VUZI already is a player in this space, using AR as a tool for industrial and warehouse environments.
In 2011, HTC launched its EVO 3D smartphone using dual 4K cameras. Today, the world welcomes VR360, which can be viewed on the popular Oculus headset and any of these other VR devices:
- Microsoft Hololens
- HTC Corp. (TPE: 2498) Vive
- Sony Group Corp. SONY Morpheus and PlayStation 5 VR
- HP Inc. (NYSE: HPQ) Reverb
Learn more about HeartCore Enterprises, VR360 and the upcoming release of HeartCore’s VR spatial imaging camera.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
The author of this article holds stock in one or more of the abovementioned companies.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.