Digital Domain, a provider of digital humans, visual effects, virtual production, and VR is entering the e-learning market and German EdTech. The company has announced that they have entered an agreement to take a nineteen percent stake in asknet Solutions AG through Digital Domain Capital Partners, its Luxembourg subsidiary.
“Digital Domain has shown a strong performance in its core markets in North America and Asia throughout the pandemic. Entering the European market is the next logical step to our success story: the European markets in entertainment, advertising and education are ready for our unique offering in visual effects, virtual reality and virtual human technology.” –
Daniel Seah, CEO of Digital Domain.
asknet Solutions founded in 1995, is e-commerce, payment, and procurement specialist focused on education. asknet offers sales services and software procurement for European academic institutions, including students, alumni, and professors.
“The combination of Digital Domain’s groundbreaking technology and our position in the German EdTech market will have a real impact. The current status of home and distance learning clearly shows that the German education sector is ready for a more engaging and entertainment-based approach.” – Christian Herkel, CEO, asknet.
“The COVID-19 crisis has shown that significant gaps still exist in the e-learning space. The digitization of education is here to stay and holds enormous growth potential. Now is the perfect moment and EdTech is the ideal space for Digital Domain to bring its unique offering to the European market. One of the numerous opportunities this new partnership between Digital Domain and asknet bears is the introduction of virtual humans into the sphere of education.” – Daniel Seah.
“We will bring Hollywood technology to the educational space in Germany to fill this gap in the e-learning market. Through the application of artificial intelligence and virtual human technology that will break the limitation of time and space, makes teaching more visualized, and establishes high concentration learning scene and atmosphere. Imagine your favorite movie character teaching school kids English, the real-time teaching interaction with students through virtual human technology will greatly improve students’ attention and interest in learning, especially in demanding times like this.” – Daniel Seah.
Digital Domain has expanded to lead the visual effects segment, extending globally into virtual production, visualization, VR.
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