To date, Wolf3D has raised $3.7 million from U.S.

In 2020, Wolf3D launched the Ready Player Me avatar creator for developers, kick-starting the company’s track record in becoming the avatar identity standard for the metaverse. “It allows people to visit many worlds and not start from scratch,” Tõke said. That became the core technology for the company. It scanned about 20,000 people and put them in a database that enabled the company to easily build avatars based on its selfies. The company originally started with hardware booths that scanned images of people. It has been developing selfie-based digital avatar technology for the past seven years with a mission to power the next generation of online identity creation. The company’s VRChat avatar creator, released earlier this year, was used to create more than 30,000 personal avatars within the first 24 hours of its release. Wolf3D was founded in 2014 by Tõke, Kaspar Tiri, Rainer Selvet, and Haver Järveoja.

Ready Player Me’s user-friendly software, which creates customized avatars based on a single photograph, has been quickly adopted among players of some of the biggest gaming communities around the globe. The platform, created by Wolf3D, has built avatar systems for Huawei, H&M, TCL, NTT DoCoMo, and others.

Ready Player Me is working with online social platform VRChat, streaming app LIV.tv, and VR game store SideQuest, in addition to non-VR apps such as social platform Koji. Avatars such as Epic Games’ MetaHumans are more realistic, but Tõke believes it will take time before such avatars make their way into the market. “We want to have the best tools for avatar production.”Ĭurrently, a user can submit one photo and the first version of an avatar is created in a matter of seconds. “The goal is obviously to be the avatar for the metaverse and we believe that comes from being the best developer,” he said. Over time, Wolf3D will have its own solutions related to NFTs, but it’s not making a big bet on them at the moment, Tõke said. Crucible also sees avatars as the key tech to make the metaverse into a mainstream, easily navigable universe. Rivals include Genies, which has raised $65 million and is also making cross-game avatars that use nonfungible tokens (NFTs), which can uniquely identify digital items such as avatars. The avatars are really about usability and giving people a great experience.

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