iQIYI’s Vice President Believes MetaUniverse is the Next Generation of Internet

02/15/2023 14:25 • Metaverse Matters • 102 views

It is reported that Xu Yongming, vice president of iQIYI (IQ.O), said during the 2023 spring meeting of the MetaUniverse Industry Conference that he believed that MetaUniverse would become the next generation of Internet in the future, and iQIYI was actively exploring the opportunities. He said that the development of the Meta Universe is at an early stage. As the Meta Universe is becoming richer and richer, I believe its empowerment will be better. In the future, some interactive entertainment games, such as offline script killing, will become online. It is also very good to use iQIYI’s IP to do it online and in VR. We have some ideas that need to be explored step by step to see what can succeed. (Guoshi live broadcast vehicle)

Vice President of iQIYI: I believe that the universe will become the next generation of Internet in the future

Analysis based on this information:

The statement from Xu Yongming, the Vice President of iQIYI, at the MetaUniverse Industry Conference, has made one thing clear, according to him MetaUniverse will be the future of the internet. iQIYI is looking at opportunities to diversify into this space, and they believe that this platform is still in its early developmental stage. Yongming also hinted at iQIYI’s future strategy for entertainment in the online space.

The MetaUniverse is a platform that aims to create a virtual world where individuals can interact with each other, with artificial intelligence, and other objects or devices. It aims to enable individuals to have a fully immersive virtual experience, making it a platform suitable for gaming, education, and e-commerce. Connectivity and access to the internet are the underlying themes of this platform, making it the next logical step for the internet.

iQIYI is an online streaming platform that has gained popularity in recent years. In addition to entertainment content, it also produces its own content, including dramas, films, and reality TV shows. It has a vast database of intellectual property (IP) which it can use to develop interactive entertainment games, such as offline script killing, that could potentially become an online experience using VR. This would allow the company to leverage its existing content to create a new source of revenue, while also gaining significant market share in the online gaming space.

There is a significant opportunity in the online game industry, with more people spending their free time online due to the pandemic. This has led to an increase in the demand for online entertainment, interactive games, and virtual reality experiences, which MetaUniverse aims to fulfill. As the MetaUniverse continues to grow, Yongming expects that its empowerment will increase, expanding the primary functionalities of the internet, which could offer immense opportunities for online gaming and VR experiences.

In conclusion, iQIYI’s Vice President is optimistic about MetaUniverse, calling it the next generation of the internet. They are looking at opportunities to diversify and capitalize on this platform’s potential, which is still in its early stages, to create immersive experiences and deliver entertainment to broader audiences. Furthermore, Yongming’s comments about using iQIYI’s IP for online interactive games suggest that iQIYI, as a company, is looking forward to enhancing user experience in the online gaming industry, providing potential growth for the organization while catering to the online audience’s demands.

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