Wrapping up 2023: the latest MetaPax developments and prospects
The year 2023 has been nothing less than phenomenal for the technology and creative industries. The emergence of AI and the Overton window effect created by the Apple Vision smart glasses launch has sent shockwaves across industries worldwide.
The newly emerged worldview is upon us, where people’s lives will change as we know it, and while the jobs will soon be replaced by automation, a new generation steps in — where time, skills, and passion monetization will be the norm for many. With the help of wearable technology, anyone can step into someone else’s shoes through their POV.
MetaPax is a platform where these experiences will take place.
So, let’s review the 2023 highlights for MetaPax and the exciting things ahead!
2023 Developments and a successful roadmap progress
We started the year with high expectations as our roadmap for 2023 was rather ambitious, including important steps in project development such as:
Now, that the year is concluding, we’re ecstatic to share with you that we’ve successfully progressed with our roadmap completing the tasks that pushed our project forward as far as we’ve expected and more!
Product development
Our year started with significant progress in product development — not only finding but also forming a partnership with the leading manufacturers of smart glasses has propelled MetaPax to new heights.
Moving forward, we’ve developed software specifically designed for the smart glasses integration with MetaPax that would guarantee smooth streaming. After many tests, we’ve finally developed a complete product designed specifically for MetaPax. As of 2023 Q3, we have been able to touch and try an already-made physical product! Was it successful? Watch the video below!
In addition to the delicious flavor of success, this created an opportunity for us to offer a private demo, sparking high investor and partner interest. Which only inspired us to make sure that the MetaPax platform is above and beyond everyone’s expectations. Many improvements have been made including integrations of key features such as:
??Completed Paxer’s profile;
?? Scheduled, paid, and private streams, enabling streamers to do webinars and excursions;
??Donations;
??Added a chat feature to public broadcasts;
?? Refined device connection process: integrated a new application interface in the glasses display;
?? Broadcasting Paxer’s location during private stream;
?? Business accounts integration. A business account is a union of several Paxers that create one organization available for streaming and task completion;
?? Implementation of an internal wallet encompassing an extensive profile of the history of transactions, statuses, and dates;
?? Filtering streams and Paxers;
?? Integrating Paxers’ ratings;
?? Basic creation of a private order;
?? Created an embedded module (including livery, stream payment, and registration).
Live shopping integration
In addition to the above, one of the most important updates that will take the MetaPax streaming experience from viewing to converting in one click is live commerce integration.
Here’s what the MetaPax live-shopping marketplace has for streamers:
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For businesses and bloggers, this is more than just a sales tool. It’s a brand-building powerhouse, a customer acquisition magnet, and a treasure trove of insights. By understanding audience preferences and interactions, offer more personalized experiences, enhancing streamers’ connection with their audience on MetaPax.
Partnerships and global exposure
While our tech department made progress with the platform — our founders and marketing team have been busy spreading the word about MetaPax, making meaningful connections with industry leaders and onboarded ambassadors who are not only passionate about our product but also have a global reach stretching to the doorstep of the world-class legends.
One of the best examples of the effect that MetaPax has on the global audience and artist is our latest visit to Tomorrowland. Picture this: In the electrifying atmosphere of Tomorrowland 2023, Brazil amidst the roaring applause of 180,000 live audience members, Sunnery James spun magic, not just with his music but with smart glass + live streaming, bringing the world together through music and innovation of wearables. An additional 1.8 million tuned in for the live broadcast: a testament to the power of live streaming in amplifying the reach of live music events.
Musical events and offline gatherings are just the beginning of how MetaPax unveils new facets of the entertainment world. We’re adding new dimensions to live streaming and wearable technologies, so you can experience every event in an even more vivid way.
DJs streamed live from the heart of Tomorrowland events right through their smart glasses! Have a look yourself at this backstage and behind-the-scenes content streamed with the MetaPax platform at the biggest music festival.
Overall 2023 has been incredibly successful in increasing our global exposure through the reach of newly made partners and influencers across sports and music industries. The ambassador program brought us some incredible talent and it continues to do so with contracts already signed with top KOLS and influencers. Exciting times are ahead!
Prospects
The rise of AI expanding the potential of the creator economy
The advent of AI raises a crucial question: is it a threat or an opportunity? Countless AI breakthroughs in the past year reinforced predictions that AI could replace 60% of jobs by 2030. In addition, The World Economic Forum suggests that by 2025, machines will perform more tasks than humans. Despite concerns, AI is already integrated across industries, with significant market growth projected. In 2022, the AI market size in various industries ranged from USD 1.7 billion in agriculture to USD 11 billion in healthcare. By 2032, these figures are expected to skyrocket, with the retail sector projected to reach a staggering USD 100 billion.
Further, the narrative shifts to AI’s creative side, highlighting models like DALL-E and GPT-4V, showcasing AI’s evolution from text to image. But MetaPax sees the AI wave as a chance for global accessibility to the creator economy, turning threats into opportunities through its streaming platform.
You see, after the creators potentially lose their jobs to AI, MetaPax will rise as the go-to platform for exchanging streamed services for cash. Streamers will be able to make money by doing what they love, as POV live-streaming technology enables people to view the world through someone else’s eyes!
The possibilities are endless: from traveling to sports to real estate — any industry professional will be able to join the creators’ economy and start monetizing their skills with POV live streaming.
Smart glasses: the turning point beyond return
As we approach 2024, the smart glasses landscape is at a turning point. Apple Vision Pro and Ray-Ban Meta Smartglasses launched in Q4 2023, exemplify this shift. Ray-Ban’s focus on livestreaming, timing, and quality improvements, including spatial audio, could spark wider demand. While Apple’s new augmented reality glasses were the trigger to launch the “popular” stage in promoting the idea of “hands-free”. However, as much as it’s a device for entertainment and personal use — its use for content monetization opportunities is rather limited.
Overall, these developments signify meaningful steps toward smart glasses becoming more widely accepted, and the numbers show, that the smart glasses’ market size is valued at USD 26,483.36 million in 2021, with an expected CAGR of 13.15% during the forecast period, reaching USD 55,569.24 million by 2027!
MetaPax is driven by the idea of immersive 1st POV content, which enables people to ‘rent’ another person and emerge into their world through their eyes! Smart glasses are the driving force of that, so the prospects look rather exciting.
Coming up: exciting partnerships, announcements, and more
So what’s out
So what’s outthere for MetaPax in the coming year of 2024? They say…
“Always dream big, and don’t let anyone limit your dreams because the possibilities are endless.”
In our eyes, we are limited only by our imagination — POV live-streaming technology is the pioneer of this approach as it opens up the world to many, in exchange for unlimited earning possibilities.
The next step in our journey is sharing the word with the global communities. So look out for a mega partnership announcement in the upcoming months as it will change everything!
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