Snap is holding its annual Lens Fest event at the moment, the place it’s already supplied a spread of recent insights into key AR advances, and the way Snapchat is aligning with the subsequent digital connectivity shift.
Snap has additionally shared a spread of recent AR utilization stats and notes on the occasion. You’ll have the ability to tune into all of the Lens Fest periods on-demand here, however on this submit, we’ll check out among the key bulletins and updates.
First off, Snap says that the usage of AR for procuring can be on the rise, with greater than 250 million Snapchatters participating with AR procuring Lenses since January 2021.
Commerce is a key space of alternative for Snap, and with individuals more and more trying in the direction of digital items, Snap’s additionally trying to merge in new choices, like buying digital clothing for your Bitmoji avatar, which may kickstart an all new cost ecosystem inside its app.
And it will kind one other ingredient – Snap’s introduced a brand new AR experiment which can see a small group of creators and builders engaged on new Lenses that may embrace paid add-on components, like various presentation codecs and digital enhancements.
For instance, with the primary Lens above – Potato Lens creator Phillip Walton says that users have asked for ways to enhance or upgrade the Lens with alternate variations. Now, beneath Snap’s new initiative, Walton can cost customers Snap Tokens to offer new outfits, so you possibly can flip the potato right into a police officer, a magician and extra, whereas additionally funding new innovation and improvement.
That may appear ridiculous to some – why would somebody pay for a brand new outfit for a digital potato? However with 250 million customers participating with Snap’s AR components day-after-day, there will likely be some inside that who will likely be eager to pay for AR enhancements and additional options.
Get these additions proper, and it may very well be an enormous winner – and if Snap can get extra customers spending extra Snap Tokens, that will likely be one other step in the direction of constructing an extra income stream, each for creators and Snap itself.
Snapchat has additionally reported that its broader AR ecosystem is increasing, with over 300,000 AR creators and builders collaborating, contributing to greater than 3 million AR Lenses through its creation instruments.
That’s facilitating all new enterprise alternatives – for instance, Snap says that LA-based AR studio Paper Triangles generated near $4 million in 2021 alone by constructing Lenses for manufacturers like Sephora and Crocs. Snap additionally notes that varied large manufacturers at the moment are trying to rent AR expertise.
That is more and more going to be an space of demand. As Meta appears to usher within the metaverse, and extra immersive digital environments turn into a extra frequent ingredient of how we work together, each platform goes to wish builders, and inventive minds that may formulate fascinating, participating AR and VR experiences.
AR instruments are one other step in the direction of this, whereas the event of AR glasses can even facilitate all new connective use circumstances with extra immersive digital experiences.
On that entrance, Snap didn’t actually share something new about its AR Spectacles, but it surely did word that:
“Over the previous two years, a whole bunch of builders from 30 nations have experimented with our AR Spectacles, constructing a whole bunch of Lenses proper in Lens Studio – from studying to learn music to saying what constellation you wish to see.”
Snap is actively engaged on AR Spectacles, although they continue to be a method off, however experiments like this spotlight the chances, and what you possibly can anticipate to see from Snap within the close to future.
To be able to preserve fueling its AR improvement, Snap has additionally introduced a brand new ‘Lensathon’ occasion, which can see creators compete for a $200K prize pool. The occasion will likely be open from now till January thirty first, and can encourage AR creators to ‘push what’s doable in AR’.
It’s fascinating to notice the varied AR improvements and advances we’re seeing, and what they might imply for the way forward for connectivity. Snap has made AR a spotlight for that reason, and it stays a pacesetter within the AR area, regardless of having considerably fewer assets than its a lot bigger rivals.
The following query, no less than on the AR entrance, is when will AR glasses arrive? Which nobody appears to know for positive, however they’re coming, and once they do, I might guess that Snap’s AR choices for AR units will likely be considerably higher than what’s supplied by others within the area, be it Apple or Meta, or another person.
Snap is aware of tradition, it is aware of artwork, and it is aware of the way to work with creators to facilitate next-level experiences within the area.
That may maintain Snap in good stead, and will see it turn into a key platform for the subsequent stage.