Sometimes it gets so hard to wonder about the pace and the level the economic and the financial system has taken up. Well, everything is because of the blockchain. Blockchain and Cryptocurrency are the major pillars who aim to look into the brighter side of the picture and turn the entire system into a decentralized and secure world. Blockchain has evolved a lot since the beginning and showcases its implications in the real world. One such platform bringing the best out of the Blockchain technology is ARToken.
Let's know ARToken a little more
For starters, ARToken is yet another decentralized ecosystem following up the exchange of 3D content as a whole. The digital token for ARToken is created by Cappasity which itself specializes in making 3D apps and focuses more on virtual reality.
Both the communities i.e. augmented reality (ar), as well as virtual reality (VR), can openly make use of AR Token to make exchanges in 3D contents all across Cappasity.
Moreover, according to the developers of the tokens, AR Token is believed to be carried out by the content creator. Keeping the fact in mind, they made sure to come up with a platform that influences blockchain communications to conduct the buying and selling of 3D contents in all possible manners.
Working of ARToken
AR Token is the token (digital) that is widely used to share contents related to AR or VR. However, for the content makers and the developers to interact amongst themselves, Cappasity brings out the eventuality for the purpose.
The exchange across the Cappasity marketplace is taken care by the ARToken in a convenient manner. The billing system of the process which is totally decentralized is well managed and secured by smart contracts. These smart contracts are capable of handling a large number of microtransactions all at the same time.
The Variations of ARToken
ARTokens can be sent as well as received depending totally on the requirement and choice.
The ARTokens can be spent for getting access to subscriptions to the 3D creators, purchases from developers, and renting contents for commercial use.
There also comes the facility that involves using up ARTokens like putting up 3D content online, making changes and variations in the content, selling up 3D content, and so on.
Some limelight on Cappasity's Work
So far the use and purpose of Cappasity are quite clear. Apart from being the marketplace allowing exchanging tokens, it also aims to solve one of the biggest problems associated with the creative community.
Before the origination of Cappasity, the 3D creation was a tough job to follow up as it consumed a lot of time, and was most of the times to scale up.
Users also have the privilege to make their own application on the SDK platform of Cappasity. Some way or the other, Cappasity has successfully conducted efficiency in the marketplace by bringing up all the valuable tools so far.
The blockchain embedding the two ecosystems is called the EOS blockchain and is built mostly to protect the transactions and keep the delicacy.
The Features of ARToken
The entire feature of ARToken depends on total amount of funding that is received by the company. Here is a little overview of the same.
3 Million Dollars
- Serves facility to enable 3D capturing
- Capturing Hologram
- Views opened up in 3D
10 Million Dollars
- Smart Contract takes care of the contents
- Apple AR Kit Hologram Integration
- Cappasity Application Programming Interface
25 Million Dollars
- 3D scanners available free.
- Bringing out solution for 3D printing
- Solution coming up with AR/VR devices.
35 Million Dollars
- Storage for AR, VR becomes decentralized.
- Availability of 3D capturing drones.
- Mobile photo geometry.
50 Million Dollars
- Content searching engine for 3D
- GPU is decentralized.
The ARToken ICO
One of unique things about AR Token is that it will lead to the creation of ICO which will directly lead to the Reward Fund. This will directly help to bring out the Innovation Fund for AR/VR.
10% of the tokens will be given to the creator award and the rest 20% will be stretched out to support the AR/VR. All this is likely to happen after the token sale is finished.
Out of the tokens available, 70% of the whole will be available for purchase. The date for the token sale is yet to be announced. The official website, however, claims the entry of the sale.
Final Words
After the leads that we have got, it is quite clear that Capassity and AR token are likely to change the augmented and virtual reality concerned with the system. They take all the necessary steps required hand in hand and the picture is definitely not complete without the other. The marketplace is available to bring forward the concept and relation amongst the two and hence, coming along is the betterment of the sections.
For more info:
Website : https://cappasity.com
Whitepaper : https://artoken.io/whitepaper/
Writer's Btalk name: Kishan748
Ether address: 0xd09e4C2AB4C42cA5afd1756ad5899634421ABF07