SEOUL, South Korea,
July 22, 2019 /PRNewswire/ -- Last
week, Moiin Inc, a VR hardware working to build the world's first
fully immersive world, announced that they would be forming a
$100m VC fund, based in Silicon
Valley, to aid in the growth of VR gaming globally. This
announcement came during a televised segment of Oasis City TV,
during which the CEO of Moiin and Oasis City, Inc, Mr. Jae Yoon Ok,
was joined by advisors Mr. Eric
Schiermeyer, Mr. Jason Brink,
and Mrs. Haley Kim.
The creation of the $100m VR
Development VC Fund marks a watershed moment in VR history as it
will enable smaller developers to seek funding for their VR
initiatives. The team plans to seek investment opportunities
globally to drive global VR development forward to help usher in
the 4th Industrial Revolution of a fully immersive VR
world.
Mr. Schiermeyer, the former CTO of Myspace and co-founder of
mobile gaming giant Zynga, and Mr. Jason
Brink, winner of the 2014 GDN/Bill and Melinda Gates
Foundation prize for his ecosystem proposals to solve problems
endemic to foreign aid, had traveled to Korea to visit Moiin in
person, as well as to see the advances of the new Fiber-Bragg
Grating-based (FBG) haptic gloves currently being produced by a
partnership between Moiin and the Korean Institute of Science and
Technology (KIST). The purpose of this visit was to test the
sensors and to see the development of Oasis City. During the visit
to KIST on July 9th, Mr.
Schiermeyer expressed great interest in the advance FBG motion
tracking technology and said that it would be an important key to
changing global gaming trends.
When presented with the gloves, Mr. Schiermeyer stated that they
were "far more elegant" than other motion tracking solutions and
had a range of potential applications ranging from gaming and
entertainment to industrial training and telepresence work. He also
expressed his enthusiasm for helping Moiin and Oasis City succeed
on the global stage, both in his capacity as an advisor and through
the VR Development VC Fund. Mr. Brink, an avid VR enthusiast who
does most of his work in a VR environment, agreed wholeheartedly
with Mr. Schiermeyer's assessment and further said that the FBG
Gloves would be an excellent addition to existing VR hardware
suites such as the Oculus or the Vive.
About Moiin, Inc: Moiin is a VR hardware company based in
South Korea and led by Mr. Jae
Yoon Ok, a VR pioneer with over a decade of experience building
immersive VR equipment. Currently, Moiin is leading the
construction of Oasis City, the world's first fully immersive VR
ecosystem. Moiin's first mass consumer product, the FBG suits and
gloves, will be available for sale in 2020.
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SOURCE Moiin Inc