[Asia Economy Reporter Yoo Hyun-seok] Alchera is soaring. As the untact market has greatly expanded due to COVID-19, investment funds are pouring into domestic and international metaverse-related companies.
As of 10:36 AM on the 20th, Alchera was trading at 49,150 KRW, up 20.17% (8,250 KRW) compared to the previous trading day.
Alchera is an AI (artificial intelligence) video recognition solution specialist company founded in 2016 by researchers from Samsung Advanced Institute of Technology. The largest shareholder is Snow, a subsidiary of Naver, holding a 15.4% stake. It possesses world-class technology in facial recognition AI and anomaly detection AI fields. It ranked first domestically in the global largest facial recognition test (FRVT) hosted by the U.S. National Institute of Standards and Technology.
Researcher Kang Kyung-geun of NH Investment & Securities explained, "We jointly established Place A, which develops full-body recognition technology, with Snow. Place A has technology that recognizes body movements in real time and replicates them in virtual environments."
He added, "This technology was installed in ‘Zepeto World,’ a 3D virtual environment developed by Naver Z. Zepeto World is a 3D avatar-based SNS service where users enjoy the metaverse by interacting with other users and enjoying various content such as concerts using their avatars."
New user inflow continues through the metaverse communication platform Zepeto. The global MAU reaches 12 million, and cumulative subscribers have surpassed 200 million.
Interest in metaverse companies in the domestic capital market is confirmed in various ways. Maxst, a metaverse platform company, recorded a record high competition rate of 6,700 to 1 in its IPO subscription. A total of 125,000 shares are allocated equally, but since subscription orders have already exceeded 180,000, 3 out of 10 applicants may not receive even one share.
Giantstep, which was listed before Maxst, rose more than ninefold in four months compared to its IPO price of 11,000 KRW. Its market capitalization surpassed 1 trillion KRW.
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