2024 Kick-Off and 2023 Review With Paraverse
Endless Passion, Brace Advancing 永熱愛，敢向前
Last week, we held a four-day Paraverse 2024 Kick-Off Meeting at Gubei Water Town in Beijing. It was a gathering of colleagues and their families from Hong Kong, Beijing, and Dalian where we reflected on the achievements of 2023 and set our sights on the future of 2024. It was a time of learning, inspiration, and unity as we walked together towards our goals.
Cultural Exchange and Old Acquaintances Reunite
As part of our globalization strategy, Paraverse has established its headquarters in Hong Kong, with operational centers and offices in Beijing and Dalian. The 2024 kickoff meeting not only brought together colleagues who had previously only interacted online but also created a platform for new and existing team members to immerse themselves in our company’s diverse cultural environment. This fostered a strong sense of camaraderie and collaboration among all Paraversers.
2023 Review: Endless Passion, Brace Advancing
Emphasizing the core values of “Freedom and Responsibility,” Paraverse nurtures an environment where employees can unleash their creativity and assume ownership in a free working environment. This collaborative ethos ensures the smooth operation of the business through efficient online collaboration, exemplified during the annual meeting where insights and achievements from the past year are gained.
Amidst the technological advancements and scenarios within the XR industry, 2023 marked a critical year for Paraverse. The company’s ability to navigate the turbulent technological landscape was attributed to the collective efforts and dedication of every Paraverser.
Now Paraverse is in its eighth year.
“Let’s Take a Look Back at What We Love about 2023!”
01 / Paraverse Native Cloud Technology Base Release
In 2023, Paraverse achieved a significant milestone with the launch of its Digital Parallel World Native Cloud Technology Base. This release marked a pivotal advancement in 3D application technology within the Web3.0 era, integrating real-time cloud rendering, cloud-native, and blockchain to create a decentralized cloud rendering solution. Paraverse’s release offered a full-link technology solution for 3D applications, addressing the evolving demands of the metaverse and Web3.0. Two key platforms, ParaLab and ParaHere, were introduced, providing decentralized real-time cloud rendering and a Web3 transaction and circulation platform for 3D applications.
As the internet landscape shifts towards virtual reality, decentralization, and transparency, Paraverse’s innovation aligns with the emerging mainstream media forms of the future. Enterprises and developers are increasingly seeking avenues to access the digital parallel world and establish decentralized digital asset transaction services, a need that Paraverse’s release effectively addresses. Leveraging years of expertise in the 3D/XR industry, Paraverse pioneered the development of a decentralized rendering network and a comprehensive 3D asset distributed verification storage and encryption operation system.
Leveraging years of expertise in the 3D/XR industry, Paraverse pioneered the development of a decentralized rendering network and a comprehensive 3D asset distributed verification storage and encryption operation system.
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Rendering Network Layer: Paraverse harnessed blockchain’s capabilities to create the Lark Network, enhancing rendering speed, system stability, and scalability, while allowing all nodes to become rendering nodes.
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Application Layer: The platform optimized the uplinking of large 3D assets through off-chain operation and on-chain confirmation, ensuring a more efficient and secure trading platform for 3D assets.
02 / Global Expansion and Brand Influence
At the start of 2023, Paraverse established its global business headquarters in Hong Kong, leveraging the city’s robust financial system and thriving digital economy. Working closely with global strategic partners, Paraverse harnessed its innovative technical capabilities in 3D/XR+Web3.0 applications to facilitate the journey into the digital parallel world for global enterprises and developers. On June 30, 2023, at the Hong Kong Science Park, Ping Xing Yun announced the upgrade of Paraverse’s global strategy and brand refresh during the “Here is New-Gen Web” event. This refresh not only signaled the evolution of Paraverse’s positioning but also marked the official launch of its global business strategy.
Following half a year of strategic development, Paraverse has experienced a promising surge in global market adoption. Tens of thousands of developers have embraced its products worldwide. Furthermore, Paraverse has successfully secured several enterprise-level projects across Europe, Hong Kong, Taiwan, Japan, Korea, and other Asian regions, fostering benchmark customer cases such as Mossai Meta, MOSSAI Protocol, COCO WARP, and BCS Metaverse.
03 / Pioneering Real-Time Cloud Rendering Solutions
Paraverse stands as an innovative leader in real-time cloud rendering, seamlessly bridging the gap between commercial demands and cutting-edge open-source technology. With a steadfast commitment to the industry, Paraverse continues to deliver exceptional commercial products while delving into the forefront of technology. Paraverse’s real-time cloud rendering solution services have been instrumental in numerous large-scale production scenarios, including education and training, digital twin development, and pan-consumer metaverse projects. The company has earned widespread acclaim at both technical and industry levels, showcasing its rich technical practice and expertise.
In 2023, Paraverse achieved significant milestones with several high-profile projects, such as the 18th Venice International Architecture Biennale China National Pavilion Metaverse Pavilion, the 9th Shenzhen-Hong Kong Bi-City Biennale of Urbanism/Architecture, and the China Media Group (CMG) Asian Games Metaverse Interactive Games. Notable projects like NETALAND by NetEase Media, MOSSI Protocol, and various smart factory implementations underline the maturity and effectiveness of Paraverse’s products and solutions.
Customer Success
04 / Ecosystem Partnership Advancing the Development of 3D/XR + Web3.0 Routes
In 2023, Paraverse forged partnerships with over 100 ecological allies to introduce real-time cloud rendering solutions tailored to industry needs and to advance the development of 3D/XR+Web3.0 routes. This collaborative effort aims to expand and enrich the digital parallel world’s ecosystem, showcasing Paraverse’s commitment to uniting all ecological forces. Paraverse actively engages in community promotion and industry assistance, organizing four LarkDAYs with industry partners and hosting various industry forums to explore the potential of the 3D/XR industry, with technology and application scenarios as focal points.
In June 2023, Paraverse joined the GMSA Foundation 5G IN as an innovative member, signifying its dedication to accelerating the integration of 3D digital technology and 5G technology on a global scale. Despite the challenges faced in the general environment and the post-epidemic era, Paraverse remains resilient, believing in the potential for growth and advancement. With unwavering faith, love, and perseverance, Paraverse looks forward to a future where the integration of 3D/XR+Web3.0 technology becomes a prevailing trend in the ever-evolving landscape of the Internet.
2024 Kick-Off: Endless Passion, Brace Advancing
In 2024, Paraverse stands at the cusp of a new era, embracing the boundless possibilities of the future, underpinned by a robust and secure digital foundation of the new generation of the Internet. With a global focus, Paraverse is reshaping the construction and operation of digital parallel worlds, redefining the 3D industry’s landscape.
This year, our team engaged in the time-honored tradition of climbing the Great Wall, amplifying our camaraderie and resilience. Despite the wintry conditions, the unwavering enthusiasm of our colleagues prevailed, reinforcing our team spirit and doubling our collective joy.
At the annual dinner, the talents of our team members and their families took center stage, accompanied by generous rewards, culminating in an exuberant celebration of the year’s accomplishments. As a trailblazer in digital parallel world technology, Paraverse is committed to revolutionizing the construction and operation of parallel worlds. Additionally, it provides leading decentralized, real-time cloud rendering, and Web3 transaction streaming platforms suited for XR applications and 3D digital assets, contributing to the global digital economy’s prosperity with innovative technology and rich scene ecosystems.
As we stride into 2024, Paraverse is poised and prepared for the journey ahead, ready to lead with cutting-edge technology and a commitment to excellence.