Tencent Cloud, the cloud business of global technology company Tencent, has announced that it will support MetaLife, a Japanese metaverse space that can be used for virtual offices and online events.
Tencent's media services, including Tencent Real Time Communications (TRTC), will be integrated with a series of audio and video solutions to enable users to communicate smoothly in the virtual space, regardless of time and place. This TRTC technology will enable users to communicate smoothly regardless of time and place in the virtual space.
Ensuring a Comfortable Audio/Video Experience with TRTC
Tencent Cloud announced today that it is helping Metalife enable users to connect with each other in an immersive virtual environment through TRTC technology, based on Tencent's more than 20 years of experience in networking and audio/video technologies.
This TRTC technology enables the creation of two-way live streaming services with minimal lag, ensuring a smooth audio/video experience even in environments with 80% packet loss.
In addition, TRTC is highly compatible across platforms and geographies, making it a viable option for building metaverse platforms.
Metaverse Market Expected to Grow in the Future
A " metaverse," a virtual space where users can share experiences and interact in real time.
As the way we work, shop, communicate, and consume content changes, more and more companies are beginning to use metaverse solutions to help them better engage with their customers and improve the customer experience.
With the size of the global metaverse market increasing to $22.79 billion ($3.17 trillion ) in 2021, it is clear about the growing demand.
The global metaverse market is also projected to grow at a CAGR of 39.8% between 2022 and 2030.
Check out how the Tencent Cloud-supported MetaLife metaverse space is expected to expand in the future.