Cointime

Download App
iOS & Android

Chinese Platforms To Test Metaverse Tech During Qatar World Cup 2022 Broadcasts

Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like view of the event, and will also give Chinese companies a chance to hone their implementations of this tech.

Qatar World Cup Goes Metaverse in China

The FIFA World Cup 2022 in Qatar, one of the biggest sports events in the world, provides a chance for many companies to test their implementations of metaverse tech. In China, where soccer is very popular, several platforms are introducing metaverse technology to enrich the broadcasts of the different matches of the event.

Migu, a subsidiary of China Mobile, the state-owned carrier, announced that it would develop a “world first” virtual environment for its users to enjoy the cup matches using VR headsets for an immersive and “surreal” experience. This was announced by Migu’s CCO Gan Yuqing, who also organized a “World Cup Music Festival” advertised to be held in the metaverse with a surprise visitor from the year 2070.

In the same way, Bytedance, the owner of the popular social media platform Tiktok, has announced that it will allow users of its VR goggles to enjoy soccer matches in digital spaces, letting them to invite other users for a shared metaverse viewing experience.

Tech Limitations

According to local analysts, the World Cup can be used by companies in the sector to test the quality of the experiences they can offer right now to their users. This will also contribute to identifying current pain points to improve the reach and efficiency of this tech.

This is the opinion of Chen Jia, an industry observer. In an interview with Global Times, Jia declared:

Through the application of various scenarios in the metaverse of this World Cup, China can also test the overall quality of the industry chain in the field of virtual reality technology, and thus gain an early foothold in the sector.

On Nov. 1, China presented a plan to innovate in the virtual reality field, and also to popularize the reach of this technology as part of Chinese society. The plan calls for an investigation to make VR headsets more functional. The plan mentions key areas including odor simulation, gesture tracking, and eye tracking, among other elements.

Guo Tao, a local internet analyst, explained that even in the sports field, the applications of this tech were limited, clarifying that “the user experience remains inadequate and the product stickiness is not enough.”

Comments

All Comments

Recommended for you

  • NVIDIA Shares Rise Over 3%

    On August 12, NVIDIA's stock price increased by 3.35%, reaching $224.80 per share, the highest level in two months, with a total market capitalization of $5.44 trillion.

  • Trump: The U.S. Has Complete Control Over the Strait of Hormuz

    On August 12, U.S. President Trump posted: "The United States has complete control over the Strait of Hormuz. I believe we will continue to maintain that control! Our maritime blockade is referred to by everyone as a 'steel wall,' and Iran is powerless against it. They have no navy, no air force, and their remaining soldiers have not been paid. The Revolutionary Guard has been severely damaged and is in retreat, while their 'leadership' can at best be described as uncertain! They have no funds—this country is already 'full of holes.' All they have are fake news and 300% inflation, and the situation is worsening! Iran is now just talk without action, no longer the bully of the Middle East!"

  • Semiconductor Equipment Sector Continues Uptrend, Aehr Test Systems Rises Over 11%

    On August 12, the semiconductor equipment sector continued its upward trend, with Aehr Test Systems rising over 11%. Teradyne increased by over 6%, while Lam Research, Ichor Holdings, and Applied Materials each rose over 4%. KLA gained over 3%, and ASML and Ambarella both rose over 1%. In news, Aehr Test Systems announced a follow-up mass production order worth $22 million from its leading wafer-level AI processor customer. In industry news, Bernstein released a research report raising its forecast for wafer fabrication equipment (WFE) spending, citing increased confidence in the ongoing upcycle. The firm raised its 2026 WFE spending forecast to $148 billion, a 26.3% year-on-year increase; the 2027 forecast was raised to $204 billion, a 32.6% year-on-year increase; and the 2028 forecast was raised to $259 billion, a 27% year-on-year increase.

  • Lightspeed Plans to Raise $600 Million for Secondary Fund to Invest in OpenAI and Anthropic

    On August 12, Bloomberg reported that Lightspeed Venture Partners is seeking to raise approximately $600 million through secondary transactions to extend its investment exposure to OpenAI and other artificial intelligence companies, as well as to increase its investment in AI model company Anthropic. According to insiders, this fundraising effort is internally codenamed 'Project Mercury' and involves multiple secondary funds under Lightspeed, including the Select V Fund, Opportunity II Fund, and certain assets in a separately managed account. Lightspeed aims to provide liquidity to investors through secondary market transactions while maintaining long-term holdings in leading companies in the AI sector.

  • SK Hynix Shares Rise Over 8%

    On August 12, SK Hynix's stock price increased by 8.6%, reaching $153.95 per share, with a total market capitalization of $1.12 trillion.

  • U.S. Stock Market's Storage Sector Opens Strong; SK Hynix and Micron Both Rise Over 7%

    On August 12, the Philadelphia Semiconductor Index rose by 3.3%. The U.S. stock market's storage sector opened strong, with Micron Technology increasing by 7.03%, SK Hynix rising by 7.72%, SanDisk up by 7.16%, Western Digital gaining 6.63%, Seagate Technology up by 7.60%, and Kioxia ADR rising by 7.82%.

  • Strong Demand for AI Optical Communication Drives Lumentum Shares Up Over 10%

    On August 12, Lumentum's shares rose over 10% following strong quarterly results, leading the optical communication sector. Nokia's shares increased by over 9%, while Ciena, Fabrinet, and Tower Semiconductor saw gains of over 7%. Coherent, Credo Technology, and Corning also rose by more than 5%. The news highlights robust demand for AI optical communication, with Lumentum reporting a strong performance for its fourth fiscal quarter. During this period, net revenue more than doubled year-on-year to $1.01 billion, with adjusted earnings per share soaring 267% to $3.23 and gross margin exceeding 50%. The company's guidance for the first fiscal quarter also surpassed expectations. CEO Michael Hurlston confirmed during the earnings call that production for its major CPO customers is 'on track,' with demand signals showing an increase since the last update. The company reiterated its expectation for demand for high-power laser chips to ramp up in the second half of 2027.

  • Cloud Computing Concept Soars, CoreWeave Rises Over 23% as Earnings Validate Surge in Computing Demand

    On August 12, the cloud computing sector saw significant gains, with CoreWeave rising over 23%, NEBIUS up over 17%, IREN increasing over 8%, and Hut 8 climbing over 6%. Additionally, Oracle and Riot Platforms both rose over 3%. In terms of news, cloud computing giants' earnings have confirmed a surge in computing demand. CoreWeave reported Q2 revenue of $2.575 billion, a 112% year-over-year increase, exceeding expectations; its core revenue backlog reached approximately $104 billion. Furthermore, NEBIUS reported a 454% year-over-year increase in Q2 revenue to $582 million, with AI cloud business revenue skyrocketing by 514%, and it has raised its guidance for contracted power capacity for 2026.

  • Hyperliquid Seeks to Enter the U.S. Market

    On August 12, news emerged that Hyperliquid is looking to explore pathways to enter the U.S. market for its perpetual contracts. Currently, the platform is not open to U.S. users. Previously, the Hyperliquid Policy Center, funded by Hyper Foundation, has conducted policy research and initiatives in Washington to advocate for the establishment of a regulated access framework for on-chain perpetual contracts and decentralized market infrastructure in the U.S. (The Information)

  • Tencent President Liu Chiping Discusses Increased AI Capital Expenditure: Multiple Applications Performing Well with Clear Upside Potential

    On August 12, during Tencent's Q2 2026 earnings conference call, President Liu Chiping addressed the issue of increased capital expenditure in the second quarter. He stated that Tencent is indeed making significant investments in computing power and has already seen a clear potential for returns. Several new applications are performing well. Additionally, the computing power used for cloud leasing services is expected to bring considerable revenue growth, enhancing the return on capital expenditure. Regarding some previously placed computing power orders, if sold, they could yield profits exceeding 30% compared to the purchase price from a few months ago.