XR Web ( XR ) ICO Review
XR Web is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
15 Dec 2019 – 31 May 2020
|Token Name||XR Web|
1 XR = 0.15 USD
More about XR Web ( XR ) ICO:
XR Web is a decentralized network protocol that converts our physical space into a secured and encrypted three-dimensional internet space where content and applications can be projected, displayed and transacted. We are building the core infrastructure and SDK upon which various dapps can be built including XR Gaming, Social Media, Real estate, Advertising, ride sharing, home-sharing, retail insurance, etc. XR Token is used to access XR dapps and stake on XR Web.
XR Web is pioneering the development of the spatial / XR web 3.0 with a Decentralized framework to build applications that are meant for the physical spatial world around us and incorporate AR/VR technologies
Types of applications
XR Gaming platforms
XR Advertising network
XR Social Media
XR Real Estate
How to use?
Developers – Build
Developers can use our SDK and API framework in various languages to build XR and spatial applications that are connected to our blockchain and protocol. Monetisation happens via advertisement and fees.
Stakers – Own a piece of the XR Land
XR holders can stake their XR tokens against parts of XR Spatial Web
Upon staking, holders of the XR tokens get a share of the earnings from the activities in the spatial web via XR apps.
Key components of the ecosystem
XR Advertising network
XR Payment gateway.
While we live in a 3D world, our current internet limits us to 2D. We envision that our extended reality network, the XR Web will power the network that is location-aware and is connected to three-dimensional space.
Extended Reality (XR) is the digital layer of information that is overlaid on earth and connected with earth’s geolocation coordinates. As the possibilities are only limited by our imaginations, this new location-based layer of the internet presents new opportunities which are as big as the current internet itself.
XR Web is pioneering the development of this augmented reality layer of the internet and is building the core platform tools and infrastructure. The XR Web is built on a blockchain to have security and trust as core tenets of this new platform.
Currently, extended reality can be experienced with compatible smartphone XR Browsers including XR Web’s XR Browsers for iOS and Android phones. In the future, this Extended Reality platform will be an integral part of smart glasses and more.
Extended Reality is a combination of several technologies built to create a rich and more engaging reality. It is birthed from its sister predecessors Virtual, Augmented and Mixed Realities. It is an industry expected to grow by a whopping 780% from 27 billion USD in 2018 to over 209 billion USD3 in market valuation by the year 2022 However promising this technology is, it is faced with the challenges of adoption in the everyday use for the value that can be derived through it.
The shortfall of the internet which stems from the limitations of dimensions where interactions whether business or social are limited by geo-spatial spread has grown to become significant. In the 2D Internet, the hardest problem stems from finding and organizing content. Hence aggregators such as Google, Facebook, Netflix continue to reap a big part of the value in solving these problems. Except for Youtube, the value is not shared. Advertising revenues are not usually shared with content producers, a major flaw in the system.
In ensuring a simple, low cost and easily affordable immersive experience for every member of the XR (AR/VR) world, we have created a new way to experience and touch the fabric of a new reality via the Extended Reality Web Network. XR Web is pioneering the development of this augmented reality layer of the internet and is building the core platform tools and infrastructure. The XR Web is built on the blockchain powered by XR Token, a virtual currency that is used to register real estate and also trade on the marketplace. XR Web is three-dimensional internet space where content and applications can be projected, displayed and transacted.
Our decentralized network protocol converts our physical space into a programmable space that can be interacted with our protocol & suite of XR apps. The XR Web establishes a decentralized ecosystem for participants to build and use applications which incorporate AR and VR technologies linked to geolocation information stored via blockchain technology.
The decentralized framework allows third parties to develop applications on the XR Web Platform, including Advertising, E-commerce, Social Media, Real Estate, Insurance, etc.
Extended Reality Industry Overview
Extended reality is the first technology to relocate people and objects through time and space. Immersive experiences could benefit numerous industries and we believe extended reality may change the fundamental importance of “location” to society.
Interactions at both the personal and business levels saw a radical shift at the ushering of the internet which has since been evolving since the fateful DARPA experiment of the 70s. The Internet as we well know came about by accident and has since been adapted to change how humans see, interact and perceive their immediate or virtual world. In a nutshell, it has and still continues to shape their worldview and perception of reality.
Waves model describe the evolution of the internet in quick transitions of the advances in human connectedness.
The first wave was started by desktop computers. The second wave of internet, which we’re currently experiencing, is dominated by mobile devices. Many predicts that extended reality is the next wave of the internet – and that means devices with augmented and extended reality capabilities. Most industries are extremely optimistic about the potential of extended reality – Goldman 6 Sachs estimates that augmented reality will not only outgrow the virtual reality market but also flourish into an 80 billion dollar industry within the next few years.
In the 2018 VR AR survey produced by 5 Perkins coie, collective participants favored gaming, education, medical devices, real estate, and marketing and advertisements, as the main sectors to see the most investment directed to the development of AR or VR technology in the coming year.
The survey also saw most investors to predict the augmented reality market to outpace virtual reality within the next 3 years.
What is Extended Reality (XR)
Just like the evolution of the Internet with each progression appearing more advanced in terms of features and interaction capabilities than the prior, Extended Reality is borne out of its early predecessors — Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Augmented Virtuality (AV). It is a more robust and interactive version than its predecessors, as it combines the features of these technologies to create a richer and interactive world where both physical and virtual elements can interact, providing an unprecedented degree of immersion.
The Rise of Extended Reality (XR)
Extended Reality is a combination of several technologies built to create a rich and more engaging reality. As already established it is birth from AR, VR, MR.
Experiencing the visual world has always been desired and in 2012, this was made possible by the development of the Oculus Rift by Palmer Luckey after raising funds via Kickstarter 2. Though the experience was not as what is felt today it was great and it paved the way for a more realistic experience of today.
The advancement of Augmented Reality made it possible for newer levels of experience by overlaying virtual elements on the physical world. This new level of engagement resulted in the creation of several innovative products with rich interactive and immersive experiences.
As a technology which overlays or superimpose computer-generated imagery on a user’s view of the real world, thus providing a composite view, Augmented Reality is seeing more adoption ranging from Snapchat filters to Instagram. The combination of both features of AR and VR births Mixed Reality MR which involves the overlay of interactive digital contents over a physical space. This creates an immersive experience for consumers.
The explosive growth of these technologies and the need to experience a deeper, personal preference, consumer rich and engaging, interactive experience is the basis for extended reality by combining the various unique elements of the three technologies.
An industry that has been touted to grow by a whopping 780% from 27 billion USD in 2018 to 209 billion USD in market valuation by the year 2022 is clearly revolutionary.
Industry experts and as much as 36% of CEOs as captured in Accenture’s report considers XR crucial in helping to eliminate distance barriers asides its many other industry use cases as will be outlined in the use case section of this paper.
Tokenized protocols on the blockchain are likely to capitalize even a bigger market share due to the recently realized fat-protocol thesis. While, the ‘protocol layer’ for the internet such as HTTP, FTP, SMTP, etc. captured little to no value – It has been predicted that Web 3.0 will be exactly the opposite. applications will be thin and protocols fat, this means the market cap of the protocol will outgrow the value of the applications built on top. While it is hard to estimate the potential market capitalization of XR Web, we expect the trend to be similar.
The Rise of Extended Reality as a New Way of Thinking in Business and Social Interactions
With the user experience in Oculus Rift VR 14 Headset and the growth in Virtual Reality devices coupled with the success of Augmented Reality Applications, applications of these technologies have been seeing extensive uses. The need to experience First Person position in gaming (sports) giving users a never before the rich and engaging experience is one of the drivers of this new reality.
The need for shoppers to shop from the comfort of their homes, offices and while on the go exploring a wide range of products combined with different styles on themselves is imperative for further development of this technology. The concept of learning and training where in-depth care is taken such as life-threatening 4 situations proves the need for this technology. Modeling and Design in 3D in virtual space interfacing physical space also proves true the necessity for this technology.
Extended Reality presents both Users and Developers the opportunity to tap into a never before the level of experiential interaction as well as by giving businesses the opportunity to significantly reduce cost, improve productivity and make life easier and better
Problems Facing the Growth of this Technology
As with any technology, Extended Reality is burdened with challenges which hinder mass adoption. Virtual Reality, Augmented Reality and Mixed Reality are limited by factors which have not created the global appeal needed for wiwide-scaleenetration. Although elements of Augmented Reality are applied in the everyday social media apps such as Instagram and one of the most successful AR – Pokemon Go! game, the following are the challenges facing these technologies 1.
• The lack of limited contents for consumers of this technology
• The high cost of acquiring the not so user-friendly gears needed to experience artificial realities are some of the challenges facing the business of artificial realities.
• The relative ease of using VR gadgets.
• Lack of standardization and optimization still plays a crucial role in hindering the growth of the industry.
• Usage of the technology has not expanded to other use cases that are immediately applicable, such as retail shopping 15 and orientation of location
• Benefits of this technology to close geographical distances are not used to its full potential. For example, home buyers can use the technology for home viewing
The Solution Statement
In ensuring a simple, low cost and easily affordable immersive experience for every member of the XR (AR/VR) world, we have created a new way to experience and touch the fabric of a new reality via the Extended Reality Web Network. XR Web is pioneering the development of this augmented reality layer of the internet and is building the core platform tools and infrastructure. The XR Web is built on the blockchain powered by XR Token, a virtual currency that is used to register real estate and also trade on the marketplace.
The goal is to allow users to create real economic value in a parallel world, with little or no difficulty in moving that value between XR Web and the real world, as they please.
How XR Web Interface With Current Hardware and Softwares
XR apps are fully compatible with current mobile smartphones and are future ready for smart glasses. Apps can be built for mobile, iOS or Android currently. We are collaborating with various new smart glass manufacturers making it possible to integrate into their core Operating System (OS) who are in the stage of development. Through partnerships with several firms who produce AR/VR/MR content already, adoption of the XR Web Network is set on a continuous growth pedestal.
We have also set aside certain XR tokens to fund startups helping to build XR projects including hardware and software after XR coins are listed on exchanges. More on this on the Tokenomics section of this paper.
How XR Web Works
XR Web works by allowing anyone to build XR Apps on the network exploiting the vast array of development tools available on XR Development Suite. Content Creators also develop contents for consumers to consume. The fees generated from the use of the platform/network is therefore distributed amongst network participants and XR stakers. XR Web allows users to purchase and lease lands on the XR digital space and command real economic benefits from it. Below is the detailed workings of the XR Web Network.
1. Developers build XR apps on XR network using our suite of development tools enabling them to publish either on web or mobile or both.
2. XR apps are communicated widely into the community for ready users
3. Transactions happen on XR Web using the XR token which is registered in XR Network by geolocation
4. Holders stake XR tokens on XR Web qualifying them to receive XR tokens from various sources based on their holdings and staked amounts.
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