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Vection Technologies (ASX:VR1) - Managing Director, Gianmarco Biagi
Managing Director, Gianmarco Biagi
Source: Vection Technologies
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  • Vection Technologies (VR1) releases its FrameS Metaverse which introduces autonomous 3D world world content creation
  • The metaverse is part of the development roadmap for the integration of FrameS with Webex by Cisco as an embedded app
  • 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
  • On the market today, Vection is up 7.5 per cent and trading at 21.5 cents per share

Vection Technologies (VR1) has released its FrameS Metaverse that introduces autonomous 3D world content creation.

The new technology allows organisations to autonomously build self-contained immersive metaverses: 3D worlds where people can participate equally from anywhere in the world.

The metaverse is part of the development roadmap for the integration of FrameS with Webex by Cisco as an embedded app. This app is expected to be completed in the second half of the 2022 financial year.

Webex is the leading enterprise solution for video conferencing and online meetings, counting over 590 million monthly participants during the global pandemic.

Vection said this release is a strategic milestone towards the integration.

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, interestingly, has been foreshadowed as what the internet will be next.

Source: Vection Technologies

The “metaverse” term has seen significant interest, with leading technology companies Meta — formerly Facebook Inc. — and Microsoft’s Mesh positioning themselves to develop tools and solutions for the new internet to come.

The metaverse release is being rolled out to its existing user base including high-end fashion retailer Giorgio Armani and luxury yachts manufacture Ferretti Group.

“Vection has always been a true believer in virtual 3D worlds, where organisations and people can connect and collaborate to create value,” Managing Director Gianmarco Biagi said.

“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-focused technology, we can play a major role in framing the future of the XR industry and the metaverse to come.”

On the market today, Vection was up 7.5 per cent and is trading at 21.5 cents per share at 12:20 pm AEDT.

VR1 by the numbers
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