NVIDIA distributes free copies of its Omniverse software to metaverse marketplaces
NVIDIA needs to be more associated with the metaverse, it declared an initiative to distribute free copies of "Omniverse," a program to develop metaverse.
NVIDIA is the global manufacturer of graphics processing units and integrated circuit technologies for workstations, personal computers, and mobile phones, needs to increase its efforts to develop more products for the metaverse.
The metaverse is an idea that describes the next generation of internet content, where users will actually want to communicate with objects in virtual worlds in a deeper, multi-seasonal, richer way, it involves technologies such as Virtual Reality, Augmented Reality, Non-Fungible Tokens, Artificial intelligence, Cryptocurrencies, Procedural image Generation, among a huge number of other development.
Build the Metaverse (For Free)
As reported by Reuters, NVIDIA isn't developing a metaverse or making metaverse focused objects instead, it has launched a program to support artists and content creators who focus on building virtual worlds and products that enrich the user's experience in the metaverse.
In the end, NVIDIA declared that it will launch free versions of its "Omniverse" software to an undetermined number of artists. The cost of an annual license for this program starts from $9,000 for corporate customers.
Omniverse is another software was developed by NVIDIA for creating virtual worlds and metaverse ready objects the idea is to allow users to create assets or worlds that can then be sold in third-party markets.
However, the company announced a series of partnerships with several marketplaces oriented to the sharing of metaverse-related content Although NVIDIA did not provide information about the content of the agreements. they uncovered that the first deals involved Shutterstock's TurboSquid, Sketchtab. CGTrader, and Twinburu.
DAZ3d, ActorCore, and PlantCatalog will soon launch their Omniverse-ready assets collection.
NVIDIA And The Blockchain Industry
With this move, NVIDIA is accelerating its strategy to cement its presence in the nascent metaverse industry.
According to several analysts, the Metaverse will be a dominant industry in the medium term, even embedding itself into the standard gaming world. Wells Fargo analyst Aaron Rakers notes that product development for the metaverse could become a $10 billion market opportunity within five years.
NVIDIA's relationship with the blockchain environment has been very profitable for the corporation. Over the previous year, its stock reached 187% growth thanks to an explosion in sales of its graphic processors something that was catalyzed mainly by demand from miners of proof of work cryptocurrencies such as Ethereum.