Tag: Metaverse

  • The industrial revolution in the digital age

    The industrial revolution in the digital age

    The vision of parallel digital universes, known as the metaverse, is increasingly becoming a real possibility for industrial companies. The concept, coined by Neal Stephenson, is no longer just a science fiction scenario, but is taking shape in initiatives such as the iguversum from igus, which is building a bridge to a new way of selling and engineering. This advanced technology, supported by artificial intelligence and big data, could reach a market value of several trillion dollars by 2030.

    The Industrial Metaverse enables companies to transfer physical technologies into 3D models and bring international teams together in virtual spaces. This allows them to plan and simulate plants and machines more efficiently than ever before. Siemens’ Digital Native Factory in Nanjing is a pioneer with its digital twin approach, which has significantly improved the accuracy of factory planning and productivity. Similarly, igus uses the iguversum to guide customers and sales staff through virtual worlds in which products and solutions can be experienced interactively.

    The future of the industrial metaverse promises collaboration without geographical boundaries, where global teams carry out entire projects as avatars in the digital world, eliminating the need for physical meetings and traditional means of communication. This not only leads to a more vivid visualisation of projects, but also to faster and more efficient project implementation.

    In addition to optimising product development processes, the metaverse also enables innovative after-sales service concepts. Technical training could take place in an immersive environment that allows lifelike learning and interaction with digital twins of real objects.

    Augmented reality, familiar from games such as Pokémon Go, represents the next stage of development. This technology allows engineers to project 3D models from the metaverse into their real environment and thus assess the compatibility of planned machines with their surroundings.

    However, the challenge remains to increase awareness and understanding of the industrial metaverse. A survey by TeamViewer shows that many people are not yet informed about the technology. Further education is therefore needed to realise the full potential of this revolutionary digital transformation.

  • Winterthur promotes five new Smart City projects

    Winterthur promotes five new Smart City projects

    In 2023, the city of Winterthur will support a total of five innovative projects that can contribute to sustainable development and to increasing the quality of life in the city. For this purpose, the city is providing a total of 200,000 Swiss francs from the Smart City Winterthur innovation credit, informs the city administration in a corresponding statement. Since the launch of this credit, Winterthur has supported a total of 18 Smart City pilot projects.

    This year, WinEnerGIS is one of the projects that can look forward to receiving funding. In this project, a prototype for a public information platform in the energy sector is being developed. Here, building-specific information on available energy sources will be made available. The project Together on the Trail of the City Climate integrates the population into Winterthur’s temperature measurement network.

    In the Digital Mobility Lab API project, Stadtbus Winterthur and the Digital Mobility Lab of the Zurich University of Applied Sciences are working together. The aim is to develop an interface with which questions from practice can be solved with real data in the future. The first step is to optimise connections when changing trains.

    The Winterthur@Metaverse project is looking into the question of beneficial applications for Winterthur in the Metaverse. If necessary, a first prototype will be developed in the metaverse. Finally, the RPA@DigiWin project is about digitising repetitive tasks of the city administration.

  • GenTwo launches first real estate certificate in the Metaverse

    GenTwo launches first real estate certificate in the Metaverse

    Three companies are partnering to launch the Metaverse’s first digital real estate investment product, the Criptonite Metaverse Real Estate AMC. Zurich-based securitization specialist GenTwo Digital , Lisbon-based luxury brand NFT marketplace Exclusible and Geneva-based cryptocurrency asset manager Criptonite have joined forces. To celebrate the launch of the Actively Managed Certificate (AMC) Criptonite Metaverse Real Estate, the Crypto Night Party will be held in Decentraland on the evening of April 8th. This is GenTwo’s web3 conference organizer AssetRush ‘s first event.

    According to a press release , the focus of this “exclusive investment product” is digital luxury real estate, i.e. NFTs (Non Fungible Tokens), in the Metaverse, a future giant network of virtual worlds including a virtual economy and virtual societies. The investment product is intended to allow institutional investors to participate directly in the development of the Metaverse and digital assets.

    “We are proud to announce our next major Metaverse investment product given the incredible opportunities offered by the Metaverse,” GenTwo CEO Philippe Naegeli said. “We believe our curated luxury digital properties will give both new and crypto-savvy professional investors the confidence they need to take their first steps into the Metaverse,” said Exclusible co-founder Romain Girbal. “Thanks to this AMC, you don’t have to be a ‘geek’ to invest in the Metaverse.”