Photo courtesy of Business WireMetaverse infrastructure company Condense has announced a $ 4.5 million seed funding round.
Condense describes it as the world’s first company to deliver live real-world events to the Metaverse. The funding round was led by LocalGlobe, 7% Ventures, and Deeptech Labs. Tom Bromfield, Grace Radha and Ian Hogarth also contributed.
Founded in 2019, the Bristol-based business provides end-to-end capture and streaming technology for live streaming real-world events such as music and sporting events to 3D applications. The company uses state-of-the-art computer vision, machine learning, and a unique streaming infrastructure to capture live 3D video and embed it anywhere. Metaverse gamemobile apps, or platforms built using Unity or Unreal Engine.
Condense says this means that you can stream a near-realistic experience to a virtual world without the need for a VR headset. The event is live streamed as his 3D “real world” video, so every player’s point of view is unique and dynamic as if it were live at a physical event.
In addition to the funding announcement, condensation is the world’s first Metaverse A studio affiliated with Watershed. It’s the venue for Bristol’s cultural films and creative technology. The idea is to give established and up-and-coming artists access to new 3D livestreaming technologies. The new studio is a “Metaverse First” event space, but it can also accommodate a live audience.
“The spirit behind technology is pushing the boundaries of technology-based performance sharing,” says vocalist and producer Globe. “It’s accessible and opens up exciting new opportunities for fans to connect with their favorite artists.”
“Hundreds of millions of people are using Roblox, Rec Room, FortniteSandbox, Decentraland, VR Chat ” add Mr. Ziv Reichart, Partner of LocalGlobe. “At the same time, player demand for live entertainment within these virtual worlds has never been greater. Condense has built the infrastructure to connect the two. Music artists, sports stars and creatives are now , to the largest stadium audiences imaginable, to perform live and perform in the Metaverse.”
