OVR

Enjoy Interactive Augmented Reality Experiences At The OVR Platform

OVR Review

An open-source AR platform powered by the Ethereum blockchain called OVR intends to allow users to enjoy interactive augmented reality experiences that are tailored to their preferences in the physical world. Due to the open source concept that guides OVR’s development, the platform is decoupled from the people who built it.

What Are OVR Crypto Tokens?

OVRToken and OVRLand are the two types of tokens used in OVR Token Economics. OVR tokens, which are based on Ethereum smart contract ERC-20 standards, will be the only way to trade value within the platform.

What are OVR NFTs?

Land parcels maintained in a blockchain-based ledger comprise the planet’s digital subdivision into hexagons, known as OVRLands. Decentralized ownership of digital assets may be achieved via the use of the ERC-721 standard OVRLand token, which is a non-fungible token. Experiences are available using the camera of a smartphone or smart glasses to enable users to see augmented reality NFT content overlaid on top of the world around them.

Are OVRLands Tradable?

The OVROwner NFT marketplace makes OVRLands available for decentralized trading among its users. In OVRLAND, owners have control over the kind of experience their visitors have. OVR, as a platform, supports the present hardware on the market and, with software integrations, will support any future devices. The platform is a standard that is independent of any specific hardware. 

What Are OVR Experiences?

A Unity3D-based SDK can be used to create OVRExperiences, and the platform’s community users can engage in buying and selling activities therein as well. Since mobile devices and smart glasses are becoming more and more popular, it was necessary to find a development environment that could handle both.

How Does OVR Decentralized Advertising Work?

OVROwners earn OVR tokens by integrating sponsored material from advertisers into their augmented reality experiences, and OVR uses a decentralized advertising system based on the publisher/advertiser premise.

How Does OVR Work?

All of the software rules, content, and the NFT crypto token economy will be set in stone once the OVRLand is deployed. With a reporting mechanism and a blacklist maintained by the nodes, the community will be in charge of the moderation. Its major emphasis is on mobile AR and smart glasses, both of which are seeing significant development.

Key Features

  • They are building a decentralized, unstoppable open source platform run by the community and backed by a unique cryptocurrency.
  • The OVR utility token may be used to buy and sell digital assets such as land, content, and advertising.
  • In-device inertial and computer vision techniques will be used in conjunction with GPS to create a tracking system that will push outdoor augmented reality to new heights.
  • Decentralization of 2D/3D assets via the implementation of an IPFS*-like protocol to make the whole platform unstoppable and independent while also compensating the nodes that share their storage space.

When it comes to AR world-scale experiences, OVR is an aggregator, which means it leverages a genuine economic system. Thanks to this system, OVR provides a solution for a variety of market categories. The goal of OVR is to create an augmented reality tool that provides a 3D quality experience contextualized in the current world.

How Can I Make A Passive Income At OVR?

Invest in digital assets and get the benefits of passive income. Increase the value of your digital asset by collecting fees from publishers that wish to utilize your OVRLand for the distribution of their content. As a result of OVR’s world-class competence in augmented reality technology, it offers a new approach to transmitting brand material to the user.

OVR Augmented Reality

Using augmented reality in brand communications is becoming more and more popular as a developing trend. OVR’s cutting-edge augmented reality experiences take advantage of this current fad. Sponsored experiences may be linked to the brands by the agency in key regions where the companies have an interest. The augmented reality experience creates new investment options based on content localization and monitoring.

Advertisers Can Benefit From OVR

When there is no standard for augmented reality, the OVR platform provides a new and uncrowded way to communicate. As supply and demand are decentralized, they may be managed with the fullest transparency and traceability on the blockchain. OVR advertising enhances the sponsored message by blending it in with the 3D experience.

How Do OVR Virtual Shops Work?

Users are enticed to the shop using augmented reality experiences situated in or near the store itself to get access to it. Using cutting-edge NLP AI algorithms, the OVR platform will provide a virtual assistant that can be used right out of the box. A pretense for creating store traffic is created when customers play games or participate in other activities on OVRLand in front of businesses.

What Exactly Are OVRLands?

The Open Virtual Reality (OVR) initiative aims to create a digital asset that can be used to provide economic incentives for the community’s development and progress. Each of the OVR ecosystem’s hexagons has a defined geographic location and a standard size of 300 square meters, which serves as a foundation for the OVR ecosystem. A non-fungible token – the ERC-721 standard – will be used to award OVROwners ownership of OVRLands, and this property will be recorded on the Ethereum blockchain, making it immune to censorship.

High-quality AR and VR content creation, distribution, and curation will have a financial incentive thanks to OVRLands’ economic incentives. OVRLand is a unique and rare resource that can only be controlled by the owner’s private keys.

How Does The Private Utility Layer Work?

OVRLand property is the foundation of the OVR token economy. OVROwners have complete ownership over OVRLands content, which is essential for the ecosystem’s economic incentives. This is the private utility layer. Aside from creating the Private Utility Layer, OVR aspires to become a decentralized platform for AR content, which necessitates enabling content production that is accessible to everyone.

The OVR Platform’s public utility layer will serve as a starting point for all of Wikipedia’s geolocalized knowledge content. Both AR superimposition and a virtual assistant driven by cutting-edge NLP technology will be used to provide information to the end user. OVR Nodes will maintain Wikipedia’s knowledge base, virtual assistant AR Asset, and trained neural network for NLP.

The OVR Marketplace

To trade OVRLand, you must utilize the OVR Platform, a digital asset trading platform. It is the primary role of an OVR marketplace to promote the meeting of supply and demand for any digital asset that may be sold. To facilitate decentralized asset exchange, a smart contract is in place, and OVR tokens are used for all transactions.Peer-to-peer trading and storage of OVR tokens is also possible outside of the platform.

The SDK OVR, based on Unity3D, allows community members to create AR experiences and then sell them on the market. Owners of OVRLands may use the marketplace features to sell or rent their properties at any time. The decentralized marketplace oversees the purchasing and selling of these spaces on a time-based basis or based on their performance levels.

How OVR Augmented Reality Works.

Based on the user’s location, the OVR app attempts to provide a variety of live AR experiences. As a result, the software makes use of GPS data to keep tabs on the user’s current location. GPS-based augmented reality experiences are unreliable, unreliable, and unstable in their content anchoring. It makes sense to combine SLAM, which is very accurate at a local level, with GPS, which is global in its operation, to find comparable data and exclude anomalous data.

The AR tracking modalities may be customized by the content producer using the OVR SDK. The most accurate method uses the mobile OVR app to do a pre-scan of the OVRLand. To acquire this service, an OVROwner sets a fee and a willingness level for interested OVRLand scanners.

The OVRAssistant’s Operation

With the help of a neural network trained on the Wikipedia corpus and programmable knowledge managed by the OVRLand owner, the OVRAssistant creates an incredibly lifelike 3D human avatar that uses artificial intelligence, speech recognition, and speech synthesis to provide spatially contextual information. OVRUsers can communicate with the Avatar by using their voice.

The OVRAssistant can live alongside the OVRContents tethered to the OVRLand and appears as an overlay over the current view of the real world, similar to augmented reality experiences.

How OVR Nodes and Staking Work

To encourage OVR Nodes—IPFS maintainers—and their stakeholders, the Open Virtual Reality (OVR) project has devised an incentive scheme. Voters and nodes will have a stake in the network’s success if they participate in staking. Decentralized storage of AR assets is possible because of OVR’s use of Ethereum and IPFS.

A minimum of 500.000 OVR must be staked directly to run an OVR IPFS Node. Those who don’t run an OVR IPFS Node directly but possess OVRTokens may cast a vote for their favorite node in the form of a staking agreement with the node of their choice. A node’s quality will be determined by the following two metrics, both of which will be given equal weight:

  • The total number of tokens staked, both directly and indirectly, in the node.
  • The bandwidth and latency of the node’s resources

Who Is The Team Behind The Project?

To pay the costs of 10 full-time developers, the OVR project has planned at least $500K per year, which will come from ongoing funding sources. There will be an open source version of all OVR software and the community will be welcome to participate. However, this is an open source project that requires its financing source to maintain quality, throughput, and total independence from industry sponsors.

Summary

Augmented reality and the Ethereum Blockchain fuel OVR, a platform for creating real-world augmented reality experiences for consumers, investors, and enterprises. Redefining the use of augmented reality (AR) to assist companies in generating significant sales and turnover is something that OVR is leading the charge on. 

Key Takeaways

  • An open-source AR platform powered by the Ethereum blockchain called OVR intends to allow users to enjoy interactive augmented reality experiences that are tailored to their preferences in the physical world.
  • Due to the open source concept that guides OVR’s development, the platform is decoupled from the people who built it.
  • •In-device inertial and computer vision techniques will be used in conjunction with GPS to create a tracking system that will push outdoor augmented reality to new heights.
  • The AR tracking modalities may be customized by the content producer using the OVR SDK.
  • Decentralized storage of AR assets is possible because of OVR’s use of Ethereum and IPFS.

Further OVR Information

  • ovr
  • Ovr
    (OVR)
  • Price
    $0.650
  • Market Cap
    $17.65 M
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