- The stock price of Scienjoy Holding Corp (NASDAQ: SJ) increased by over 15% today. This is why it happened.
The stock price of Scienjoy Holding Corp (NASDAQ: SJ) – a leading live entertainment mobile streaming platform in China – increased by over 15% today. Investors are responding positively to Scienjoy Holding Corporation announcing that it expects to incorporate their technologies in Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and Non-Fungible Tokens to expand to the metaverse project.
Metaverse is known as a concept of a future iteration of the internet where people work, play, and socialize, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. And Scienjoy has applied its technologies to the 6 compelling complete virtual reality worlds in the Scienjoy’s show live streaming platforms. By initiating the metaverse project, the company expects to consolidate its significant edges in the mobile live streaming market and establish an advanced metaverse ecosystem.
Scienjoy has launched 3 virtual worlds on a small scale in 2020 and continues to increase the gamified content to promote metaverse as technologies emerge. And since then, Scienjoy has developed 3 more virtual reality worlds and successfully launched a total of 6 virtual worlds that are The World of Xianxia, Martial Arts World, The Hegemony of Great Ambitions, City Hunters, Gold Adventures, and The Empire of Galaxy. Each virtual reality world has its distinguishable features and provides users with a vagarious experience through live engagement.
Regarding the Metaverse of Scienjoy broadcasting scenarios – in The World of Xianxia and Martial Arts World – users can customize the appearance and change the face of real-time anchors to users’ favorite swordsmen’s look and choose various martial arts scenes to apply in the virtual worlds — further enhancing the interactive experience and promoting the concept of traditional Chinese martial arts. And for City Hunters, anchors and users can choose a unique identity from various roles to build the city and their own urban empire in the virtual world utilizing VR technology developed by Scienjoy.
Scienjoy also applied a more advanced AR technology in The Empire of Galaxy, in which anchors can drive the spacecraft to shuttle between different planets and explore the universe with users. After arriving to the desired planet, they can use different tools to build the infrastructure and establish a new home.
These features enhance the interactivities between anchors and users and provide a better sense of immersion to the users in the virtual worlds. And the application of these features is attributed to the Company’s development of AI, AR, and VR technologies as the company will continue to invest in these aspects to further enrich the contents of the virtual world and establish a strong bedrock for the metaverse project.
Scienjoy will focus on improving its virtual worlds and building more features of the metaverse project, such as virtual anchors, face changing, and attributes, by using AI and VR technologies to promote a new experience of existence in the virtual worlds. And users will be granted more capacities to design and experience the surreal metaverse.
The metaverse also has a fully operational social system, a fair closed-loop economic system, and users who have continuously produced contents — which provides an opportunity for creators and users to bring their imaginations to life. Scienjoy will continue to seek for more business opportunities and partnerships in cloud, live-streaming, and short videos fields.
“Our virtual reality worlds are highly consistent with the concept of metaverse. With the online-everything shift of the pandemic and demand for a variety of virtual experiences, we believe that we are able to seize opportunities in the metaverse with our successful experience from the establishment of the virtual reality worlds and technology capabilities.”
— Victor He, Chairman and Chief Executive Officer of Scienjoy
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.