Tag: metaverse

  • Is it already ‘game over’ in the metaverse for Bondee, Singapore’s avatar-based app?

    Is it already ‘game over’ in the metaverse for Bondee, Singapore’s avatar-based app?

    After garnering two million downloads within two weeks of its launch, Bondee’s Gen Z users have got past the novelty factor. Bondee’s is a story of social media hype punctured by a sharp truth that the loyalty of digital natives is hard-earned, experts say

    The rise of Singapore-based metaverse newcomer Bondee was impressive: two million downloads within two weeks of its launch on Apple’s App Store.

    But that initial hype was short-lived as Singapore’s social media users quickly dropped the home-grown avatar-based app, retreating from yet another attempt by makers of the metaverse to capture the long-term loyalty of Gen Z in Southeast Asia.

    Yet Bondee’s moment in the sun may reveal the challenges that the region’s metaverse developers face, experts say, with none so far hooking a crowd large enough to trouble social media giants, such as Meta which has ploughed billions of dollars into the digital future.

    Bondee’s early adopters in Singapore were initially pulled in by the “cute” avatars, personalised rooms and picnic spaces, reminiscent of games like Habbo Hotel that many millennials dabbled in as teens.

    With shades of the Nintendo game Animal Crossing, which took the online world by storm during Covid lockdowns in 2020, Bondee allows users to personalise avatars and bedrooms that friends can visit.

    Friends are capped at 50 by the app’s Singapore-based creators Metadream, in an effort to keep the community tight, relevant and connected.

    Aqil Lim, 25, said he enjoyed being able to visit his friends’ virtual homes, even more as “we don’t have our own homes in real life” in the expensive Asian city state.

    As word of mouth of what was dubbed the “new Gen Z app” spread quickly across Asia, many shared the QR code of their Bondee account on Instagram and Twitter, prompting friends to add them.
    But the novelty quickly wore off as Bondee felt “primitive, with limited customisations and chat functions”, Lim said, adding that after a few weeks he hardly uses the app.

    By Wednesday, Bondee had fallen to 19th on Singapore’s Apple Store – just a month after it topped charts across Asia.

    This also comes after reports of social media users using the term #ripbondee while recording themselves uninstalling the app.

    Bondee’s is a story of social media hype punctured by a sharp truth that the loyalty of digital natives is hard-earned, experts say, since most of their allegiances are already captured by larger platforms like TikTok and Instagram.

    “Avatars alone can’t draw people in, it’s what the entire platform allows you to do with your avatar that gives the platform its stickiness,” said Lim Sun Sun, a professor of communication and technology at the Singapore Management University (SMU).

    The cutesy aesthetics and whimsical feel of Bondee was a “nice hook” but if there isn’t anything else after that, then it is quite literally, “game over”, she said, adding that this will be a challenge for metaverse developers to meet.

    Singaporean Joey Tan, 23, saw videos on TikTok about Bondee and became “curious about what the hype was about”.
    But given the newness of the app, not many of her other friends were on it, an apparent failure to reach a “critical mass” which quickly sees new tech fizzle.
  • SK Telecom to Help Upgrade Palau’s Communication Infrastructure

    SK Telecom to Help Upgrade Palau’s Communication Infrastructure

    SK Telecom (SKT) announced that its Vice Chairman Park Jung-ho and CEO Ryu Young-sang met with Surangel Whipps. Jr., the president of the Republic of Palau, to discuss cooperation to upgrade Palau’s communication infrastructure.

    SK Telecom also asked the Palauan government to support Busan’s bid to host the “World Expo 2030”.

    At the meeting, Vice Chairman Park Jung-ho said, “The World Expo 2030 Busan highlights the seriousness of the global climate change and the need for each country to take an active response. It will also serve as a great opportunity for Palau to experience Korea’s innovative technologies and methodologies to respond to climate change.”

    SKT CEO Ryu Young-sang also suggested cooperation with the Palauan government to upgrade Palau’s current 4G LTE infrastructure to 5G. “Based on SKT’s technologies and experience accumulated through the world’s first commercialization of 5G, we can work together to build 5G infrastructure in Palau,” said      Ryu Young-sang.

    According to SK’s press release, President Whipps showed great interest in SKT’s formidable 5G infrastructure built across Korea as well as other advanced technologies including AI, metaverse, IoT and cloud services. There was also discussion about renewable energy, another industry that SKT has much experience in.

    Meanwhile, in June this year, SKT has become the first Korean mobile operator to provide LTE roaming service to customers traveling to Palau, a popular tourist destination for Koreans.

  • Meta seals partnership for 3D ads in step toward the metaverse

    Meta seals partnership for 3D ads in step toward the metaverse

    Meta Platforms will make it easier for brands to run three-dimensional ads on its Facebook and Instagram social media platforms through a new partnership with an eCommerce technology firm.

    The integration with VNTANA will allow brands to upload the 3D models of their products to Facebook and Instagram and easily convert them into ads, VNTANA said on Thursday in a press release.

    The move is a stepping stone into advertising in the metaverse, said VNTANA Chief Executive Ashley Crowder, referring to the futuristic idea of a collection of virtual worlds that can be accessed through devices such as headsets.

    Meta has staked its future on contributing to the building of the metaverse, which it has said could take up to a decade to be realized.

    Meta previously partnered with augmented reality (AR) companies Modiface and PerfectCorp to help beauty and cosmetic brands more easily run 3D and AR advertising.

    “The metaverse is basically the spatial internet,” Crowder said. “It is a whole world of possibility that starts with having the right 3D models of your products.”

    Facebook and Instagram users who see a 3D ad while browsing on their desktop or phone can interact with an image of a handbag, for instance, and move it around to view the item from all angles.

    “In a way, this offers a glimpse of what you might expect on future devices like AR glasses,” said Chris Barbour, director of augmented reality partnerships at Meta’s Reality Labs unit.

    Before VNTANA’s integration with Meta, advertisers would need to reformat 3D files to be compatible with Meta’s ad systems. Now, brands can use VNTANA to easily upload and convert the files into ads without technical expertise in working with 3D images, Crowder said.