Monday, November 28, 2022

YGG Signs Memorandum of Understanding With Animoca Ventures

MoU aims at collaboration to expand blockchain and web3 gaming ecosystems and strengthen partnership to grow co-investment opportunities.

YGG Signs Memorandum of Understanding With Animoca Ventures
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HONG KONG - November 14, 2022 - (Newswire.com)

Hong Kong-based leading web3 ecosystem builder and investor Animoca Ventures and decentralized blockchain gaming guild Yield Guild Games (YGG) have signed a Memorandum of Understanding under which they will work closely together to seek out and support leading web3 companies, thereby growing the web3 ecosystem.

The MoU envisions a collaborative effort coupling the global infrastructure of Animoca Ventures with YGG's expertise and influence in the NFT and blockchain gaming to create significant synergies in both investment and business areas, enabled by the following activities:

▲ collaborating in the identification of promising blockchain investment opportunities.

▲ sharing of data and domain knowledge of blockchain market trends.

▲cooperating on growth-driving strategies for portfolio companies and related businesses.

YGG is already a portfolio company of Animoca Brands, the parent company of Animoca Ventures, who invested in YGG's $1.325M seed round led by Delphi Digital in 2020 and again in YGG's $4m Series A led by Bitkraft in 2021. They have worked collaboratively together on several projects within Animoca's metaverses, including The Sandbox and Axie Infinity. As of this release's date, the YGG network is present in eight regions, having implemented its subDAO model across Southeast Asia, Brazil, India, Korea, Japan, Turkey, Central and Eastern Europe, and Hispanic communities globally.

Commenting on the MoU, YGG co-founder Gabby Dizon said, "YGG is proud to work closely with Animoca Ventures, given Animoca Brands' experience in backing some of the earliest web3 startups. By teaming up with Animoca Ventures, we will be able to discover and support web3 projects that align with our vision for an open Metaverse."

"Animoca is focused on NFTs, and YGG has been at the forefront of investing in NFT assets, connecting blockchain gamers around the world," commented James Ho, Head of Animoca Ventures, on the MoU. "Our aim is to drive true digital property rights and build the metaverse where this can happen. YGG's expertise and influence in this area is an important component in the equation to bring web3 to the wider internet user base while supporting other promising startups."   

About Yield Guild Games (YGG)

Yield Guild Games (https://yieldguild.io/) is a decentralized gaming guild acquiring non-fungible tokens (NFTs) that generate rewards from active play in blockchain games. YGG's mission is to onboard millions of players around the world to the "play-to-earn" revolution that brings the benefits of blockchain technology to those who need them the most.

 About Animoca Ventures

Animoca Ventures is the venture investment arm of Animoca Brands, a global leader in digital entertainment, blockchain, and gamification.

Animoca Ventures specialises in early-stage investments in Web3 and blockchain companies and projects.

It serves as the pulse of Animoca Group, working at the frontlines to discover new cutting-edge projects and trends in the Web3 space.

The contents of this press release do not constitute investment advice and do not constitute any offer, solicitation or recommendation of any investment product in any jurisdiction. The contents have been prepared for informational and general purposes only. Crypto assets are highly volatile and may be regulated or restricted in your jurisdiction. You are encouraged to seek independent professional advice if you have any questions.


Contact Information:
Julian Peh
Immersion Consulting
[email protected]


Press Release Service by Newswire.com

Original Source: YGG Signs Memorandum of Understanding With Animoca Ventures
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NewSight Reality’s TOM Changes the Trajectory for Augmented Reality Market

Antiquated projection-based visualization for Augmented Reality prohibited mass adoption. Enter NSR's TOM to change the game.

NewSight Reality’s TOM Changes the Trajectory for Augmented Reality Market
Model of NSR's Transparent Optical Module that can be embedded into a regular eyeglass lens to provide Augmented Reality.

JACKSONVILLE BEACH, Fla. - November 21, 2022 - (Newswire.com)

NewSight Reality (NSR), a leading developer of next-generation Augmented Reality (AR) technologies, announced it has successfully demonstrated AR through its proprietary TOM (Transparent Optical Module). This marks the first time in history AR has been achieved through a see-through near-eye display and represents a major milestone towards enabling mass adoption of next-generation AR products and solutions.

"We are no longer a paper tiger with models and concepts," said NSR CEO and President Phil Garfinkle. "We're incredibly excited to demonstrate a near-eye transparent module that is the basis for the next generation of Augmented Reality. We have a display and optics engine that can plug into any AR system. Lighter weight, lower power consumption, and daylight use are just a few examples of TOM's distinct advantages. TOM is akin to moving from a tube-based monitor or projection TV to a bright flat screen display."

Developed by NSR with its partners, TOM is a generational leap over current AR technology and takes a fundamentally different approach to AR displays and optics. Bypassing the need for traditional optical combiners, TOM replaces the light engine and optical engine with a single multi-layer hermetically sealed transparent module. Calibration is only required once at manufacturing.

"We are pleased to support NSR's product development with our unique micro-LED display technology," stated Mike Wiemer, chief technology officer of Mojo Vision. "Our micro-LED displays have the industry-leading brightness, power efficiency, and ultra-high pixel densities required by XR customers like NSR."

TOM is capable of over 80% transparency and high light efficiency thanks to the module's direct transparent display, which is in close proximity to the eyes. This enables exceptionally low power consumption and daylight operation versus projection / waveguide-based light transmission and complex optics.

With a thickness ranging between 1.5 to 2.0 millimeters and a weight of approximately 2 grams, the result is a scalable (without increasing thickness) proprietary transparent module that can be produced with either a flat or curved form factor allowing for simple integration with eyewear of all types: prescription, fashion, and even tactical.

"I have been monitoring the progress of NSR's TOM for over a year," stated General Wesley Clark. "NSR's Transparent Optical Module provides tremendous advantages in military programs by providing lightweight, low energy, and daylight operations that are needed in strategic Augmented Reality applications."

The innovative technology behind TOM allows for practical and dynamic functionality across a variety of different use cases, from everyday use to more extreme, tactical applications.

Interested parties should contact NewSight Reality to arrange a private demonstration of TOM ([email protected]). Micro-OLED and micro-LED versions of TOM will also be shown at the Consumer Electronics Show (CES) from Jan. 5-8, 2023, in Las Vegas. These demonstrations will further illustrate TOM's adaptability to the unique requirements of specific products across a broad array of industry applications.  

About NewSight Reality, Inc.

NewSight Reality, Inc. (NSR) has established a world-renowned team of experts to deliver and navigate its technology into modular plug-in solutions for the next generation of AR display / optics. NewSight Reality currently has nine core patents issued in the United States and around the world, with another 30+ applications pending. NSR's contract with the US Special Operations Command (USSOCOM) Directorate of Science and Technology is helping to drive the advanced development and testing of a prototype of its Transparent Optical Module (TOM). NSR has established national and international partnerships to speed the development, integration, and testing of its near-eye display technology. 

To learn more about NewSight Reality, Inc., please visit www.NewSightReality.com OR email us at [email protected]


Contact Information:
Phil Garfinkle
President and CEO
[email protected]


Press Release Service by Newswire.com

Original Source: NewSight Reality's TOM Changes the Trajectory for Augmented Reality Market
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