A recent study released by Virtual Worlds Management reveals 33 companies have raised over 1 billion dollars towards virtual world platforms from October 2006-2007 . The announcement comes just prior to the Virtual Worlds Conference and Expo taking place October 10-11, 2007, at the San Jose Convention Center in San Jose, California.
This number is expected to grow exponentially as virtual world technology improves, computer processing speed increase and virtual world platforms offer more specific applications for both business and recreational purposes.
The billion dollars worth of investments were made by the following groups: Technology Platform Companies, Virtual Worlds Developers, Service Providers and Tools Providers.
3Dwalkthroughs.com continues to explore various virtual world platforms to determine the best fit for our current technology. The goal of most of the virtual world companies we've had discussions with is to evolve towards as realistic of an environment as possible. The obstacle still seems to be limited computer processing speeds but with Intel focused on this issue it should be overcome shortly.
We are currently working with a Virtual Trade Show company to integrate our realistic 3D Renderings and 3D Walkthroughs. A demo will be posted shortly.
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