With the help of brands and creators, OVR, or Over The Reality, is a unique augmented reality metaverse that helps populate the Internet of the future. It is an open-source, global augmented reality platform that runs on the Ethereum Blockchain.
The term “augmented reality” (AR) refers to a digital representation of the physical world made possible by technologically supplied digital visual, aural, or other sensory inputs.
By positioning itself as the first content browser where the user does not select the contents but instead, the world provides the possible experiences based on its geographical location, OVR can be described as a new standard in augmented reality experiences.
Numerous options for recreation, interaction, and trade enrich the physical world. In OVR, physical and virtual worlds are seamlessly merged, allowing the creation of three-dimensional, immersive wonders that can exist anywhere and at any moment using the web as we currently use it. OVR enables users to enjoy interactive augmented reality experiences that are personalized in the real world while wearing a mobile smartphone or smart glasses.
Additionally, as the OVR ecosystem is based on the Ethereum and Polygon blockchains, creators and brands own and can make money from the experiences they bring to the OVR environment. By allowing users to design distinctive geolocalized experiences, OVR ushers in a new age for the metaverse by bridging the gap between the real and virtual worlds. With the aid of community-driven 3D mapping, OVR offers both users and builders the chance to own AR metaverse real estate, map their local locations to earn OVR Tokens and experience Web3 in a brand-new way. The cross-platform interoperability initiative OVR offers motion-captured interactions, AI avatars, real-time augmented reality, and hyperrealistic NFT elements.
The digital layer that divides the OVR planet into hexagons is made up of OVRLands, which are parcels that are kept inside a blockchain-based ledger. Through the use of the marketplace OVROwner, OVRLands are decentralized and traded freely among users. This implies that once a person enters an OVRLand, OVRLand owners have control over the kind of experience they want them to have.
The ERC-721-based non-fungible OVRLand token enables decentralized ownership of digital assets like OVRLands and OVRExperiences, which are experiences that can be viewed as augmented reality through the use of a mobile device or smart glass. OVR is establishing the benchmark for a decentralized AR environment in Web3, with more than 930K registered users and 860k+ OVRland sold to over 30k unique wallets.
The ecosystem of the platform uses the ERC-20 utility token known as the OVR token as a medium of exchange. The token aims to facilitate easy interoperability infrastructure (such as wallets and exchanges) and full utilization of the Ethereum blockchain. The OVR Token is used to interact with the platform for governance, purchasing OVRLand, and selling goods from the marketplace to construct one’s own OVR experience.
Additionally, all services offered on the platform and marketplace are rented using the token. Every time OVRLand and NFT are traded, a 5% fee is charged. A 5% transaction charge is applied to any revenue obtained from renting OVRLand to publications and marketers.
Who are the founders of OVR (OVR)?
Software engineer and serial entrepreneur Davide Cuttini has experience in augmented reality, deep learning, and smart contracts. He has extensive expertise in building augmented reality and computer vision applications for embedded and mobile devices. His expertise ranges from modern NLP to defect recognition and artificial vision. Additionally, he is interested in robotics and system integration, specifically as they relate to the industrial sector. For businesses like Bosch and Danieli Automation, he has been developing industrial solutions, and he has partnered with
According to the whitepaper, Davide Cuttini served as the OVR platform’s chief operational officer at the time of its 2018 launch. Cuttini is a software developer with expertise in augmented reality, machine learning, and blockchain smart contracts. Funding for the platform was obtained through the Initial Bonding Curve Offering (IBCO). By using a bonding curve, the demand for the OVR token determines its price; if there is no demand, the price stays low; if there is demand, the price increases.
What is OVR (OVR) used for?
OVR Token is an ERC-20 fungible token that is issued and managed by an IBCO running on Ethereum. It serves as the only form of payment within the OVER ecosystem and entitles holders to take part in OVER metaverse governance. To maximize liquidity and accessibility within the EVM landscape, the OVR Token was initially built on Ethereum but is now also connected to BSC and Polygon.
How is OVR (OVR) unique?
In order to give the impression that reality and virtuality coexist in the same location, OVR uses augmented reality, a technology that allows for the addition of various forms of content (video, audio, 2D, and 3D) to the immediate environment.
From any camera-equipped device, including smartphones and smart glasses, all of this information may be accessed in real-time. This development makes it feasible to “trace” the elements already present in the real world while also including new virtual ones. A distinct combined experience is produced by the fusion of real and digital.
- Unlike corporate-controlled centralized metaverses, OVR is built on Web 3. Through NFTs that provide just benefits and possibilities for everyone who helps build the OVR metaverse, it gives its creators the power to publish and fully own their content.
- Digital artists can access their internal network of users thanks to OVR, an established AR platform. This creates a responsive audience that is eager to engage with and consume fresh content.
- With OVR, you can make photorealistic avatars, transfer yourself anywhere in the metaverse with just a selfie, and customize your avatar with cross-metaverse NFT clothing.
- With nearly limitless creative flexibility and license available to platform creators, OVR makes it possible to create virtually unlimited experiences. In-depth product introductions, play2earn games, music festivals, networking spaces for augmented reality, and team-building activities are a few examples of potential experiences.
- The industry is changing thanks to OVR’s map2earn, a ground-breaking 3D geo-localized mapping framework that is the only one of its type in the open metaverse. By simply capturing images with common smartphones, community members can produce 3D maps (OVRMap) of actual locations. The development of experiences not feasible with conventional GPS will be made possible by each OVRMap, which will be represented by an NFT owned by its creator and enable accurate geo-localization of assets (20 cm precision) both indoors and outdoors. Every map will also have a digital double of the place it depicts. It will be possible to freely travel remotely inside the experience, blurring the lines between AR and VR experiences, thanks to cutting-edge AI models that can imitate the mapped location.
- Interoperability: OVR is open to assets from all platforms, including straightforward 2D/3D files and any NFT with active linkages to the underlying file. Additionally, OVR enables the control of rigged NFT elements like Sandbox characters via AR.
- Live Events: Thanks to body tracking suits and, shortly, camera body tracking systems, OVR supports live events with full body language expressivity. The platform currently supports 200k+ simultaneous avatars sharded in rooms of 50.
How many OVR (OVR) coins are in circulation?
20,439,769 OVR coins are now in circulation, with a maximum supply of 89,893,756 coins.
How is the OVR (OVR) network secured?
Blockchain technology is used to secure OVR. The security and immutability of transactions and data are guaranteed by the distributed and decentralized ledger technology known as blockchain.
On the Ethereum blockchain, OVR uses smart contracts. Smart contracts are self-executing contracts having the conditions of the agreement incorporated directly into the code. They ensure transparency and lessen the need for middlemen by automating the execution of transactions.
Also, the decentralized nature of blockchain technology, combined with the use of cryptographic techniques, makes it difficult for malicious actors to alter or tamper with data on the network. The security of OVR’s network is further enhanced by the consensus mechanism and the large number of nodes (computers) participating in the network, making it resilient to attacks and ensuring the continuity of the platform.
How do I buy OVR (OVR)?
The OVR token can be used for a wide range of purposes, like staking and payments.
OVR (OVR) tokens can be easily purchased by following the steps below.
* Open an account with the crypto trading platform of your choice.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy CNS through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports OVR (OVR)?
The PTPWallet platform supports many cryptocurrencies, with OVR soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most popular platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform has a simple user interface, is compatible with both Android and iOS devices, and includes a mobile wallet app.
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