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The sixth annual Lens Fest has unveiled Lens Studio 5.0 Beta, which promises to revolutionize augmented reality (AR) development. This latest iteration marks a significant leap in AR technology, catering to a vibrant community of over 330,000 developers. These creators have been instrumental in generating nearly 3.5 million Lenses, which have garnered over 3 trillion views in the past year alone.

Lens Studio 5.0 Beta is not just an upgrade; it’s a complete overhaul designed for advanced AR development by collaborative teams. Small businesses stand to benefit immensely from this, as the new tools and capabilities open doors to innovative marketing and customer engagement strategies.

Key Features and Benefits for Small Businesses

  1. Enhanced Productivity: The new version boasts an 18x faster project loading time, significantly boosting efficiency in developing complex AR projects. This feature is a boon for small businesses looking to streamline their AR development process.
  2. Integration of AI and AR: In a groundbreaking collaboration with Open AI, Lens Studio 5.0 Beta introduces the ChatGPT Remote API. This integration allows developers to incorporate ChatGPT into their Lenses, paving the way for novel learning, conversational, and creative experiences. Additionally, the new 3D face mask generator, combining Gen AI and advanced face mesh capabilities, enables the creation of potentially viral self-expression Lenses in seconds. These tools offer small businesses an unparalleled opportunity to create unique, engaging content for their audiences.
  3. Collaboration Tools: The introduction of version control tools like Git enhances project management and allows multiple developers to work simultaneously on projects. This feature is particularly beneficial for small businesses with limited resources, enabling efficient teamwork and project development.
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Building Business and Audience on the Platform

Lens Fest 2023 also highlighted new avenues for developers to monetize their creations. The introduction of Digital Goods allows developers to embed business models directly into their Lenses, offering exclusive AR features for a fee. This presents a lucrative opportunity for small businesses to monetize their creative AR endeavors.

The Lens Creator Rewards program, offering up to $7,200 monthly for top-performing Lenses in selected regions, has shown promising results. With over 45,000 Lenses opting in and generating over 5 billion interactions, the program demonstrates the significant commercial potential of AR Lenses for small businesses.

A New Horizon for AR in Small Business

Lens Fest 2023 has set a new benchmark in AR development, offering small businesses innovative tools to engage with their audience and explore new revenue streams. The advancements in Lens Studio 5.0 Beta signify a transformative phase in AR technology, empowering small businesses to harness the full potential of AR in their growth strategies. With these new capabilities, the future of small business marketing and customer engagement looks more vibrant and interactive than ever.

Image: Snap


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