Thread by @srinicaps

China has warned investing in Metaverse stating its still infancy and could likely end in tears for investors

Meanwhile ByteDance has bought VR gear maker Pico for $1.4 billion

#China #Bytedanc #Metaverse #Pico #VR #VRChat

#Pico was valued by PE investors in March 2021 at nearly $155 Million and now #Bytedance has purchased Pico at $1.4 Billion… a very aggressive valuation for a VR gear manufacturer

VR is the interface of Metaverse, but at present, the most widely used scene of consumer VR is games.
#VR #Metaverse #AR #GamingNFT

if the "game industry chain" is simply divided into three major links: research and development, distribution (agent) and channels, Tencent accounts for more than 60% of these three links

#Tencent #Onlinegame #GameOfThrones #gamergirl

ByteDance has been expanding its ambitions for games, but it has never been able to find a self-developed game product.

Games , is an important entrance to the meta-universe, are currently the only way to enter the meta-universe

#Bytedance #Tiktok #Meta #Metauniverse #Games

to play in the Metaverse era, one must make great efforts to develop a new computing platform

#ByteDance has also led the investment in Shenzhen #RISCV ( reduced instruction set computer (RISC) five ) startup #Ruisichip with a financing amount of tens of millions of dollars

Ruisichip is a chip company that provides core processors for the intelligent networking. Its main products are suitable for various scenarios such as wearable devices, smart homes, and smart security.
#insiders #Intel #Core #Coreprocessor #Processor

In addition to the acquisition of Pico and investment in Ruisichip, there is also news that Byte is currently building a meta-universe social product "pixsoul" to create a virtual social platform

Byte's algorithm is second to none in China.

But to play Metaverse well, you rely on real technology and wisdom. The killer of Bytes lies in the algorithm
#Algorithm #Bytedance #China

However, in the meta-universe space, the emphasis is on giving users more choices, the use of algorithms has weakened, and the competitiveness of bytes has become weaker.

The algorithm is to retain users, make users addicted to platform content, and occupy users for a long time

Byte has been verbally criticized because of algorithm problems.

Algorithms are addictive, evasive, and reduce people's willpower and motivation.

if you become addicted to virtual content in the meta-universe space
#Algorithm #content #Online #Douyin

After playing the game for a long time, there will be hallucinations, because the indulging in the game for too long, after returning to the real world, it is difficult to distinguish between the virtual and the reality, and the incidents of missed killings are not uncommon.

In the meta-cosmic space, the time required for players to fully immerse themselves in the game will be greatly shortened & probability of not being able to distinguish between virtual and reality will also increase & possibility of causing social security problems will increase

Principal Source : #WeChat public account "Ginkgo Finance" (ID: #yinxingcj , author: #JiangYue and @36Kr

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