Cointime

Download App
iOS & Android

Sony Acquires 3D Animation Company Beyond Sports To Offer a Complete Sports Metaverse Experience

Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with tech from other companies already in its portfolio.

Sony’s Beyond Sports Purchase Gets It Closer to the Sports Metaverse

Sony is now making a foray into the sports metaverse world. The company recently closed the acquisition of Beyond Sports, a 3D imaging and animation company that possesses tech to transform real information from a sports match into a metaverse representation. Numbers for the acquisition were not released, but are believed to be as high as $70 million dollars, according to Nikkei estimations.

This purchase, along with the technology of Hawk-Eye Innovations — another company owned by the conglomerate — will allow the company to produce, in real-time, content relating to basketball, baseball, tennis, and football matches. Hawk-Eye Innovations, acquired back in 2011, produces tech that allows pinpointing the position of the ball any time, and has been used by organizations like the National Football League (NFL) and National Hockey League (NHL).

Combining these two might allow Sony to create a digital, accurate representation of a field or a court, featuring realistic ball and player movement.

The Virtual Sports Market

Another company owned by Sony could fill the distribution gap to bring these experiences to audiences. Pulselive, a company that operates several sites for sports teams and organizations, would be able to include these metaverse experiences on these sites, creating a new line of revenue and taking a shot at popularizing this new take on sports.

Sony may also be able to offer metaverse matches using its line of Playstation consoles as a distribution device. The company is developing a virtual reality (VR) headset exclusively for its console, dubbed Playstation VR 2, that is confirmed to be set for release in February 2023, and could be used to enjoy these metaverse experiences in an immersive way.

Sony has already flirted with metaverse and NFT (non-fungible token) technology, filing a set of patents to use NFTs as a way of tracking the history and ownership of in-game assets. Sony CEO Kenichiro Yoshida has also stated before that Sony’s “first priority is to create a metaverse around entertainment,” using all of the tools that the brand has for this purpose.

Comments

All Comments

Recommended for you

  • Insider: CZ giving up voting control of Binance FZE is the final step to obtain Dubai VASP license

    Binance recently obtained a comprehensive cryptocurrency license in Dubai, which is the result the company has been seeking for a long time. The condition is that Binance co-founder Zhao Changpeng (CZ) agrees to relinquish voting control over the local entity. Binance CEO Richard Teng confirmed the news in an interview on Thursday.

  • IMF report: BTC has become a necessary financial tool to preserve wealth in times of financial instability

    A new report from the International Monetary Fund (IMF) shows that BTC is becoming an increasingly important channel for cross-border capital flows amid global financial instability. According to the IMF, residents of countries with strict financial regulations are turning to Bitcoin to transfer capital more freely across borders. The report highlights the large trading volumes from countries such as Argentina and Venezuela, whose citizens face rampant inflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and accessing global markets, rather than just a speculative investment. The report's authors state that Bitcoin transactions provide individuals in high inflation countries with a stable savings option and a way to participate in global commerce that their local currency cannot achieve.

  • Uniswap Foundation: v4-core (PoolManager) will freeze code and is expected to be deployed later this year

    The Uniswap Foundation has announced that Uniswap v4-core (PoolManager) will soon enter the code freeze period. The v4 features will be considered as complete and no longer have new features added, rebuilt, or undergo major changes (such as removing hook permissions or how to implement dynamic fees). After the code freeze, developers will be able to implement hooks, create interfaces, implement position management with other external contracts, write production-ready code without mandatory refactoring. At the same time, after the code freeze, the core contracts will enter the audit phase, and v4 is expected to be deployed later this year.

  • Only one day left until Bitcoin block reward halving

    Data shows there are still 152 blocks left until the Bitcoin block reward halves, which is approximately 1 day and 14 minutes away.

  • Fed's Kashkari: Rate cuts may have to wait until 2025

    Kashkari of the Federal Reserve stated that the resilience of the US housing market surprised him; once inflation continues to fall back to 2%, we can lower interest rates; we need to be patient and wait until we are sure that inflation is declining; it may be necessary to wait until 2025 to lower interest rates; as political heat rises, the Federal Reserve is more focused on its own mission.

  • ARKB had a net inflow of $10 million yesterday

    ARK Invest's Bitcoin spot ETF, ARKB, had a net inflow of $10 million yesterday (April 18).

  • Blast DEX Thruster receives $7.5 million in seed round funding

    The decentralized trading protocol Thruster based on Blast raised $7.5 million in seed funding led by Pantera Capital, bringing Thruster's valuation to $70 million. Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, and Axelar founder Georgios Vlachos also participated in this round of funding.

  • Hong Kong Treasury Secretary: Will submit a draft bill on stablecoin and virtual asset over-the-counter trading services to the Legislative Council

    According to a report by Caixin, Hong Kong Financial Secretary Paul Chan Mo-po introduced the expenditure budget and work focus for the fiscal year 2024-25, stating that a variety of central bank digital currency cross-border networks (mBridge) are expected to be launched this year, with the first phase of services focusing on settling cross-border transactions for enterprises using various central bank digital currencies. In addition, the "digital renminbi" will also expand its pilot scope in Hong Kong, further improving cross-border payment efficiency and user experience. In terms of virtual assets, the government is promoting a series of measures to strengthen regulation and promote the stable and responsible development of the virtual asset market in Hong Kong. Specifically, the Hong Kong Monetary Authority launched a stablecoin sandbox in March this year, allowing institutions interested in issuing stablecoins to conduct testing within a controlled range. The government has also consulted the public on the regulation of fiat-backed stablecoin issuers and virtual asset over-the-counter trading services, and is considering the feedback received. Depending on the progress of preparatory work, the draft legislation will be submitted to the Legislative Council as soon as possible.

  • Three men and women arrested for laundering more than 1.8 billion yuan from virtual currency trading platforms and bank accounts

    Hong Kong Customs broke up a money laundering syndicate and arrested three local suspects who are suspected of using virtual currency trading platforms and multiple local bank accounts opened by companies to process over 1.8 billion yuan of funds with unknown sources. Customs officials targeted the three suspects based on intelligence and launched a wealth investigation, discovering that the three individuals conducted over 1,000 suspicious transactions between June 2021 and July 2022 through the opening of multiple local companies and bank accounts, including the transfer of funds from virtual currency trading platforms, involving more than 1.8 billion yuan.

  • BTC halving countdown only 1 day left

    According to Ouke Cloud Chain data, there is only 1 day and 17 hours left until the BTC halving countdown, which is expected to occur on 2024/04/20. The current block reward is 6.25 BTC, and after the halving, the block reward will be 3.125 BTC. There are currently 253 remaining blocks, the current network hashrate is 587.96 EH/s, the network mining difficulty is 83.95 T, and the average block time is 9.94 min.