You take videos with your phone to capture life’s moments. Whether you are recording a piano recital, the construction of a sandcastle or your dog’s antics, video is a great way to hold onto a memory.
A California startup company now has a way to enhance your videos, making them immersive and more engaging. Wist Labs created a virtual reality (VR) app that lets you explore a video environment. With the app and a VR headset, you can revisit videos and ingrain core memories.
To use the company’s solution you:
- Open the app and record a video.
- The app collects various data points that enable it to render the 2D clip in a 3D-appearing VR format. The app captures depth, device data, colors, audio information and data about the scene to build an immersive VR-ready scene.
- Once the app completes this, you view the Wist Labs new VR experience through a compatible VR headset, which lets you explore the digital space. You can move around the scene as Wist’s technology creates depth that enables the user to recreate the feelings they felt during the video’s initial creation.
Wist Lab’s technology highlights the power of VR to change the way you function in the real world and the new ways you can explore a different reality. VR’s appeal along with technical breakthroughs provide limitless possibilities for virtual reality that enable companies to change the status quo.
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The VR Market Opportunity
Virtual reality’s ability to present immersive environments provides opportunities for multiple sectors, including healthcare, engineering and senior centers, among many others. The technology’s flexibility and immersiveness make it a perfect complement to dozens of use cases. This broad appeal will drive considerable growth. A report from Allied Market Research notes the augmented and virtual reality market size should reach $856.2 billion by 2031, growing at a compound annual growth rate of 41.1% from 2022 onward.
Virtual Reality Surgeries Training Future Doctors
Virtual reality can improve healthcare education, training and patient experiences. Some VR startups offer training programs for surgeries so residents can perform various procedures such as surgeries, tests or other actions in a safe risk-free environment. They can view surgical procedures from a first-person perspective so they have additional context.
Companies like GE Healthcare work with augmented reality providers to combine medical visualization technology and collaboration with medical imaging. The companies enable physicians to offer improved care because they can better visualize a patient’s anatomy and can share their VR sessions in real time with other clinicians.
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Helping Engineers Understand Products
Virtual reality technology can provide engineers with a safe and cost-effective way to build products. They can use the tech to develop concept designs, make changes and develop tested products. With a VR headset, an engineer can immerse in a project that’s designed to operate in hazardous conditions without any risks to themselves or others. They can alter the product to withstand dangers and move it forward to production and assembly with confidence it can handle the task.
Taking Seniors to Virtual Paris
Some senior care centers offer VR experiences to their residents. Virtual reality can offer augmented travel to seniors and those with limited mobility. With a VR headset, they can visit the Virgin Islands or climb Denali for the first time. It’s an extension of the different ways organizations offered virtual reality tours for people during the pandemic.
VR can empower seniors to revisit a place to bring back memories, whether it’s from a cafe they enjoyed in Paris in the 1960s or an evening stroll through South Beach in Miami when they were kids. Virtual travel can keep seniors’ brains engaged and encourage them to remember past adventures. It can also enable connections with other VR users such as far-away family members.
For Investors: For investors looking to invest in innovative startups like this, now you can. Changes in federal law now allow anyone to invest in startups. For example, Blendid is a robotics startup making autonomous kiosks for massive brands like Jamba Juice and other fresh food brands.
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