Nvidia inks deals with metaverse marketplaces and it announced an initiative to distribute free copies of the “omniverse” that is built to develop metaverse-ready assets as we can see more today in our latest crypto news.
NVIDIA as the biggest manufacturer of graphics processing units and integrated circuit technologies for computers, mobile phones, and more, wants to enhance its presence in the metaverse space. The Metaverse is a concept that describes the next generation of internet content where the users will be able to interact with other objects in a virtual world in a multisensorial way. It involves technology like Augmented Reality, Virtual Reality, Non-Fungible tokens, crypto, artificial intelligence, and procedural image generation.
NVIDIA is not developing a metaverse nor does it create a metaverse-focused object but it launched a program to support artists and content creators that will focus on building virtual worlds and products which will enrich the users’ experience in the metaverse. NVIDIA inks deals constantly that will enhance its presence in the metaverse. It also launched a program to support artists and content creators that build virtual worlds and products that will enrich the users’ experience in the metaverse.
To this end, NVIDIA announced it will distribute a free version of the “omniverse” software to a number of artists and the cost of an annual license for this program starts at $9000 for corporate clients. Omniverse is a new software specialized to create virtual worlds and metaverse-ready objects with an idea to allow users to create assets or worlds that can be sold in third-party markets. In addition, the company announced other partnerships with a few marketplaces that are oriented toward sharing the metaverse content. Although NVIDIA didn’t provide information about the content of the agreements, they did reveal that the first deal involved Shutterstocks’ TurboSquid, Twinburu, and CGTrader.
With this move, NVIDIA is accelerating the strategy to cement its presence in the metaverse space. The metaverse will be a dominant industry in the medium-term and even Wells Fargo analyst Aaron Rakers noted that the product development tools for the metaverse could hit a $10 billion market in a few years. NVIDIA’s partnership with the blockchain ecosystem was quite profitable for the corporation and its stocks reached 187% thanks to the explosion in sales of the graphics processors which only boosted the demand from miners of PoW cryptos like Ethereum.
In addition to the hardware development, NVIDIA’s research in graphics processing is remarkable and could aid the development of better products for the metaverse thanks to the artificial intelligence processes and landscape rendering.
Web3 Reimagined. Data Intelligence Amplified. Click here to access.