NextNav, echo3D Partner to Unlock New Metaverse Experiences, Powered by Vertical Location

Rhea-AI Summary

NextNav (Nasdaq: NN) has partnered with echo3D to enhance the development of 3D, augmented reality (AR), and virtual reality (VR) content. Through this collaboration, echo3D developers will leverage NextNav’s Pinnacle vertical location service to create immersive digital experiences linked to real-world locations. The partnership aims to unlock new opportunities for AR and VR applications, allowing for location-based interactions in multistory environments. Additionally, NextNav’s Pinnacle received Unity Verified Solution status, broadening access to its vertical location technology for game developers.

Positive

• Partnership with echo3D enhances development capabilities for 3D, AR, and VR content.
• NextNav’s Pinnacle service offers precise location data, improving user experience.
• Unity Verified Solution status increases accessibility for developers using NextNav technology.

Negative

• None.

MCLEAN, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN), a leader in next generation GPS, announced today that it has partnered with echo3D, a cloud platform that is revolutionizing the way 3D, augmented reality (AR) and virtual reality (VR) content is stored and streamed. Through this partnership, NextNav’s vertical location service, Pinnacle, will provide echo3D developers with the crucial 3D location data needed to build immersive AR and VR content built on top of the physical world.

Over 16,000 developers rely on the echo3D platform for the tools and infrastructure needed to generate faster and lighter 3D, AR, and VR experiences. Now, these developers will have the ability to create digital content utilizing NextNav’s industry-leading 3D location technology, opening up new possibilities for more immersive and realistic digital content tied to the physical world. For example, different augmented reality content within a multistory building can be tied to an end-user’s vertical location – unlocking realistic views, perspectives, and experiences, and even allowing users to purchase and collect items with location-based validation.

“Our partnership with echo3D enables developers to build immersive experiences, games, and applications that reflect our real world,” said Dan Hight, NextNav VP of Business Development and Partnerships. “As we look ahead toward the building of the metaverse, our collaboration with echo3D marks a key development in enabling the digital layer that will soon exist on top of our physical world.”

With its unmatched ability to convert, compress, and optimize 3D models, animations, and interactive content, echo3D can deliver virtual experiences to any smartphone, headset, or browser. To date, developers using echo3D have built cloud-connected games, AR advertisement campaigns, NFT marketplaces, and more.

“Integrating NextNav Pinnacle into our platform will propel the development of metaverse-focused spaces and experiences forward,” said Alon Grinshpoon, co-founder and CEO of echo3D. “Precise location capabilities, including the vertical dimension, are foundational to the future of immersive mixed-reality experience. Alongside NextNav, we’ll continue providing creators with the capabilities needed to bring the promise of AR, VR, and the metaverse to life.”

Last year, the NextNav Pinnacle was awarded Unity Verified Solution status, enabling millions of developers to seamlessly integrate vertical location capabilities into any application and game built with the Unity engine. The partnership with echo3D is NextNav’s latest advancement in this field, further demonstrating the enhancement vertical location brings to the gaming world. The company also launched its NextNav Pinnacle SDK for the Unreal Engine after receiving an Epic Megagrant, arming even more developers with the capability to bring 3D geolocation to their creations.

Source: NN-FIN

About NextNav
NextNav (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company’s Pinnacle network delivers highly accurate vertical positioning to transform location services, reflect the 3D world around us, and support innovative, new capabilities. NextNav’s TerraPoiNT network delivers accurate, reliable, and resilient positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS.

NextNav Media Contact
Mahmood Abu-Rubieh
LaunchSquad for NextNav
NextNav@launchsquad.com

FAQ

What is the partnership between NextNav and echo3D about?

NextNav partnered with echo3D to enhance the development of 3D, AR, and VR content by providing accurate vertical location data.

How will the partnership impact developers?

Developers using echo3D's platform can create more immersive digital content tied to real-world locations through NextNav's technology.

What is NextNav's Pinnacle service?

Pinnacle is a vertical location service that provides precise 3D location data, crucial for building immersive AR and VR experiences.

What benefits do developers gain from Unity Verified Solution status?

Unity Verified Solution status allows millions of developers to seamlessly integrate NextNav’s vertical location capabilities into their applications.

When was the partnership between NextNav and echo3D announced?

The partnership was announced on February 16, 2022.