What’s Happening With WiMi Stock Today; KPMG Encourages Investing in metaverse

metaverse has been attracting great attention from the market over the past year. Many people think that metaverse will be the next technological revolution, and many companies are actively planning out metaverse-related businesses or making related investments. According to foreign media reports, one of the big four major international accounting firms, KPMG, has also officially entered the metaverse.


In early March, KPMG released the initial metaverse report, saying that while metaverse technology is still in its early stages, it will profoundly impact many industries. Next, the application of metaverse in finance, entertainment, social networking, retail, manufacturing, medical care, telecommuting, education and training, research and development, and urban governance, is especially worth looking forward to.

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Just a few months now, KPMG has announced that a Canadian company is opening a metaverse “collaboration center” to connect its employees and customers closely with Web3. This year, KPMG invested a total of $30 million in the Web3 experience, with the “metaverse Center” being its “iconic product.”KPMG’s head of Corporate Innovation spoke of the metaverse and Web3: ” In our view, the metaverse is not just augmented reality and virtual reality, it will be the next iteration of the Internet, it does cover everything that the Internet contains and is more interactive than the existing Internet.”


The KPMG metaverse Center focuses on “education, collaboration, training, events and seminars” and, in the long run, KPMG will build potential metaverse use cases around healthcare, consumer and retail, media, and financial services. In addition to KPMG, other financial institutions such as Citigroup and JPMorgan Chase have also developed an interest in the metaverse. In April, Citi estimated that the metaverse market would reach $8 trillion to $13 trillion by 2030.

The economic and business model changes driven by the development of metaverse will bring new market growth space for related industries. As the concept of the metaverse is more recognized and mentioned, Internet and technology companies gradually begin to explore the metaverse-related business, VR / AR, virtual digital people, NFT digital collection and blockchain, cloud computing, and other technology fields have become popular tracks. As innovative products are constantly launched, the possibility of metaverse landing has increased a lot.


The giant builds a “bridge” to the metaverse


At present, the enterprises with a metaverse layout have their advantages in the subdivision track, and some applications have the key elements of the metaverse. Among these major companies, Meta (Meta) is well in expanding reality, social systems, UGC ecology, and MMO games; Roblox (RBLX) and Epic (EPOR) mainly started with games; Microsoft (MSFT) to explore enterprise metaverse; WiMi Hologram Cloud (WIMI) established the metaverse Division, Further establish the metaverse hardware and software underlying technology; Tencent (TCEHY) and ByteDance, Advantages in the social system and the UGC ecology, respectively.


KPMG entered metaverse, and WiMi Hologram Cloud diversified its layout to build an ecosystem


Tech giants continue to invest in the metaverse, the track to the future, which is becoming increasingly crowded. To some extent, WiMi Hologram Cloud(NASDAQ: WIMI) is also a pioneer in the metaverse and has started metaverse development early on. metaverse is a new Internet application and social form that integrates a variety of new technologies. The book “In the metaverse Pass Certificate” summarizes the underlying metaverse technologies into six categories: blockchain, interactive technology, game engine, and spatial computing, artificial intelligence and algorithms, network technology, and Internet of Things technology. Based on these underlying technologies, the metaverse maps the real world to the digital world while being independent of the real world.


As a leader in the holographic AR industry, WiMi Hologram Cloud accelerates the layout of the underlying technology of metaverse. The construction and development of the 5G communication network and VR / AR, as well as the construction and development of edge computing and intelligent computing center, will also bring a new round of technological change. Specifically, first of all, WiMi Hologram Cloud attaches great importance to the research and development layout of 5G technology, making it possible to combine metaverse with multiple fields. Low-latency deep immersion will become an important experience for the metaverse. 5G mobile communication technology supports ubiquitous gigabit and millisecond-delay network infrastructure, which plays a key role in metaverse development. Therefore, WiMi Hologram Cloud5G technology not only can provide a powerful boost to the realization of the metaverse but also provides more possibilities for the combination of metaverse and industry, entertainment, education, and other fields.


Secondly, the terminal human-computer interaction technology represented by VR / AR is the key to entering the metaverse.WiMi Hologram Cloud entered the field early on and has successfully developed several VR / AR products. It is reported that WiMi Hologram Cloud is promoting the development of new terminals for perception interaction and systematic virtual content construction, and exploring industry applications. With the rapid expansion of the VR / AR market, WiMi Hologram Cloud continues to step up its layout and will launch other excellent products in the future.

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Finally, the blockchain binds to a variety of digital technologies to form a metaverse ecosystem. Decentralization mainly includes blockchain technology, edge computing, AI computing, etc. Through credible data collaboration, adhesion of edge computing, big data, 5G, Internet of Things, and other digital technologies, WiMi Hologram Cloud connects many high and new technologies to jointly build the cornerstone of the metaverse, form the metaverse ecosystem, and promote the reform of production mode and lifestyle. With the promotion and application of more Internet devices, the demand for edge computing in various industries will grow on a large scale, and WiMi Hologram Cloud is expected to promote the further scale development of the industry.


Metaverse is expected in the future


Based on the above information, WiMi Hologram Cloud’s investment in the metaverse is essentially the consolidation and expansion of the basic disk of its new technology development, to further enrich the metaverse virtual world. Many companies will also push the metaverse world scene to the next level. As the next generation of the Internet, the metaverse will inevitably have more novel and unexpected business models. metaverse will also incubate more enterprises and make the overall metaverse market bigger. metaverse will further expand more business models from the real world.


“Metaverse” comes from the concept of Neil Stephenson’s science fiction novel “The Avalanche”, and originally refers to a free life in a parallel online digital world, which is currently not only the focus of the global market but also redefining the future of the Internet. Looking ahead, the future of the metaverse is auspicious.