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‘Bright future’ for AR and VR in 2021 and beyond, says Strategy Analytics

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James is editor in chief of TechForge Media, with a passion for how technologies influence business and several Mobile World Congress events under his belt. James has interviewed a variety of leading figures in his career, from former Mafia boss Michael Franzese, to Steve Wozniak, and Jean Michel Jarre. James can be found tweeting at @James_T_Bourne.

The short-term outlook for virtual (VR) and augmented reality (AR) may be a struggle, according to Strategy Analytics, but if organisations can ride out this wave then the future looks bright.

The findings appear in the analyst firm’s latest report, ‘Short and Long-Term Impacts of Covid-19 on the AR and VR Market.’ Among the report’s key takeaways are:

  • XR hardware revenues will overtake $28 billion annually in 2025
  • Total XR shipments – combined VR and dedicated AR headsets – will increase sixfold through 2025
  • 2021 and 2022 will see a ‘slight comeback’ for smartphone-tethered VR headsets due to the rise of 5G networks

Strategy sees 2020 as ‘the year that the market for dedicated AR headsets [could have] really taken off’.

The Covid-19 pandemic forced more urgent priorities for organisations, chiefly around enabling remote working and bolstering cloud infrastructure. Yet this ‘new normal’ will help the AR and VR markets going forward, the analyst firm added.

“Covid-19 will have a significantly negative effect on the market for XR in 2020,” the company said in a note. “We anticipate both shipments and revenues declining by just over 20% y/o/y. We expect that the launch of smartphone-tethered AR headsets is likely to be pushed back to at least the very end of 2020, if not 2021, effectively delaying our earlier anticipated growth in a consumer market for dedicated AR devices by a year.”

One area of potential growth going forward is in lightweight, consumer-friendly AR headsets. Once smartphone-tethered devices reach the market, these devices will be commercialised, with Samsung and Nreal cited as leading the way.

Strategy added that fully immersive 3D environments are beginning to bear fruit in design, in particular engineering, automotive and architecture, as well as in training and education for VR devices. “We have raised our longer term forecast for XR hardware as a result of new work and life patterns in the new normal,” said David MacQueen, director of the virtual and augmented reality service at Strategy Analytics. “Work at home, training, education, and collaboration will all benefit from AR/VR.”

This is not the only analyst note arguing for cautious optimism. In December – albeit prior to the pandemic – CCS Insight posited that the VR and AR markets were volatile, but promising. The market for extended reality products was set to see a growth of 21% in 2019.

You can read the full Strategy Analytics report here (client access required).

Photo by Daoudi Aissa on Unsplash

Interested in hearing industry leaders discuss subjects like this and sharing their use-cases? Attend the co-located IoT Tech ExpoBlockchain ExpoAI & Big Data ExpoCyber Security & Cloud Expo and 5G Expo World Series with upcoming events in Silicon Valley, London and Amsterdam and explore the future of enterprise technology.

Source: https://virtualreality-news.net/news/2020/jul/14/bright-future-for-ar-and-vr-in-2021-and-beyond-says-strategy-analytics/

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Bitcoin Mining Company Vows to be Carbon Neutral Following Tesla’s Recent Statement

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It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles.

The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond.

Carbon Neutral Bitcoin Mining

After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future.

The company is committed to the cause, and it plans to invest in US-based renewable energy projects.

According to a recent press release, the company will also take part in the Regional Greenhouse Gas Initiative, which is a market-based program where participants sell CO2 allowances through auctions and invest the proceeds in renewable energy and energy efficiency.


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Speaking on the matter was Jeffrey Kirt, the CEO of the company, who said:

“Our bitcoin mining capability is already best-in-class and seamlessly integrated with our electricity generation that powers thousands of homes and businesses. By taking the bold and unique step of making or cryptocurrency mining fully carbon neutral immediately – as opposed to some distant date in the future – Greenidge is once again leading in environmental efforts.”

Musk’s Message Resonates

Greenidge’s announcement comes days after the leading electric vehicle manufacturer, Tesla, revealed that it would no longer support bitcoin payments. As a reason for its decision, the company cited environmental concerns related to bitcoin mining.

Elon Musk, the company’s CEO, confirmed and reiterated that he is bullish on crypto but so long as it doesn’t have a negative environmental impact.

The company also said that it’s looking for ‘greener’ alternatives to Bitcoin so that it can continue accepting crypto payments. This led to many speculations about which cryptocurrency it would choose. Shortly after, Musk said that he’s working closely with Dogecoin developers to improve transaction efficiency, causing many to believe that the meme-inspired coin might be Tesla’s choice.

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Source: https://cryptopotato.com/bitcoin-mining-company-vows-to-be-carbon-neutral-following-teslas-recent-statement/

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There is something different this time around for MATIC and ETH

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MATIC’s growth has been community and developer-driven. Trading at the $1.13 level and registering 27% gain in price in the past 24 hours, MATIC’s rally is an extended one, leading the altcoin season 2.0. However, there is something different this time around, MATIC is currently rallying alongside ETH, more as an ally, than a competitor. With ETH’s price above the $3700 level, and MATIC’s rally, the alt season has offered several opportunities, consolidating alts and rallies following closely after.

Here's why traders are bullish on MATIC and ETH

MATIC network || Source: Twitter

Since the release of the latest transparency report on Polygon Multisigs, Polygon has become more relevant and there is increased demand for the altcoin across exchanges. Multisigs are used by top projects that have the feature of updating smart contracts. This is not the case for Ethereum, since smart contracts on Ethereum are immutable by design ie. they can not be changed once deployed.

However, this feature also means that if there is an inherent error or potential exploit in the code, there is no way to fix it. Upgradeable contracts are needed and that’s where Polygon’s narrative fits in, making it a much-needed scaling solution and an upgrade on ETH.

The current network statistics for MATIC are looking bullish since there are over 65.8 Million total transactions in over half a million wallet addresses and at $10.4 Billion market capitalization. The trade volume has increased consistently since the beginning of 2021 and more buyers are lining up across spot and derivative exchanges.

The demand for MATIC and the number of transactions have increased and are expected to increase to the level of Ethereum before the end of the alt season. The increase in wallet addresses and unique users is a direct measure of MATIC’s demand as an L2 scaling solution for the #1 altcoin in the crypto market.

The competition with ETH is no longer as intense, considering the fact that ETH’s increasing popularity contributes to the network growth and inflow of investment to MATIC. MATIC’s transaction volume largely depends on ETH’s network and the fact that ETH needs a scaling solution despite the launch of L2, has led to a symbiotic relationship between the two altcoins.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/there-is-something-different-this-time-around-for-matic-and-eth

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BSC Daily Transaction Rate Grows to 12 Million, 8X of Ethereum Network

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Binance Smart Chain (BSC), the native network of the Binance network has registered another record in terms of daily transactions processed by the network reaching a massive 12 million mark today. What makes this record even more surreal is the fact that the current BSC transaction processing capacity is 8X the network capacity of Ethereum.

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Merchant Token

BSC gained a lot of popularity towards the end of March as the gas fee on the Ethereum network started touching ATHs that made many Defi protocols barely usable. The network congestion on Ethereum made BSC the go-to option for ERC-20 traders both Defi and spot traders. Ethereum network since then has recovered but in comparison still has a significantly higher transaction fee.

BSC has now become the go-to option for a majority of the new launching Defi protocols and many existing ones have also added cross-chain support. While many Ethereum proponents point towards the obvious centralized nature of BSC and amid growing popularity has also become the center of many rugs pulls and exit scams.  However, despite the obvious shortcomings the efficiency of the network has made it the leading ERC-20 processor.

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BNB Consolidating Under $600

Binance Coin (BNB), the native token of BSC which was launched as the utility token for the Binance exchange also benefitted from the growing popularity of the native chain as its price surged by 15X since February end. BNB was trading under $50 when the BSC frenzy began and reached a new ATH of $690 last week. The price of the altcoin is currently trading at $578 consolidating under $600. BNB also broke into the top-3 cryptocurrency ranking after its massive gains over the past couple of months.

BNB and BSC have emerged as the biggest gainers of the 2021 bull season as Binance continues to break into new markets and have an immediate impact.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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Source: https://coingape.com/bsc-daily-transaction-rate-grows-to-12-million-8x-of-ethereum-network/

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