“The metaverse will be a space where anyone can create their own games, shows, and artwork and build their own social networking ties and virtual lives,” said Zhou Wei, managing partner of CCV and former China head of Kleiner Perkins, speaking at a recent joint lecture event with Penn Wharton China Center. Zhou is an alumnus of Wharton Business School.
“The fundamental concept of the metaverse should be ‘creation.’ It should allow everyone easily, conveniently, and quickly to participate in creating virtual worlds,” said Zhou. The Penn Wharton China Center and CCV co-hosted the metaverse-themed event.
CCV started its investment in the metaverse and digital twin technologies in 2017. It invested in MetaApp, a Chinese company focused on building an immersive virtual world. It also invested in Zixel, a leading digital twin collaboration platform for businesses, and SuperHexa, the manufacturer behind Xiaomi’s smart glasses, Mijia glass. CCV is also an A-round investor of Cishi Culture, China’s largest virtual idol platform and the company behind China’s first AI virtual influencer Ling.
Zhou emphasized that the world is fun and exciting because it’s diversified, and everyone has a unique spirit. Therefore, if there were one “metaverse,” it should also be diversified and allow everyone to create their own “sub-universes.”
“From a historical point of view, people created text during the blog era, and later audio on podcast platforms and pictures on Instagram. Now people make short videos on TikTok and longer videos on other platforms. It is very similar to the physics I love; it is like the process from a one-dimensional to a multi-dimensional world, all the way to 11-dimensional.”