The development of VR technology now is getting faster. VR
technology is rapidly transforming how business is conducted and is due to
become the next biggest platform in consumer technology. The momentous leap
towards the future will revolutionise the art of interacting with the world
around us.
WHAT IS ImmVRse?
ImmVRse is a
decentralised VR content sharing platform that will allow VR content creators,
brands and advertisers around the world to inspire, collaborate, and produce
some of the highest-quality VR content available online. The hybrid DApp will
act as both a marketplace and a content distribution platform. ImmVRse will
employ its own unique digital currency, the ImmVRse token (IMV), which will be
used as the form of payment between all parties within the ecosystem.
ImmVRse will focus primarily on VR/AR/Mixed reality and is
easily scalable to embrace other forms of media production such as, 3D
animation.
ImmVRse will be the first decentralized and distributed
digital video platform that will allow content creators, brands and advertisers
around the world to collaborate and produce the best of what Virtual Reality
has to offer.
The increasing popularity of virtual reality has now
created a high demand for more 360-degree videos. Here are some of the
industries that are utilising VR in some capacity:
-
Healthcare
-
Education
-
Tourism
-
Advertising
-
Films and videos
Virtual reality is currently estimated to be a $1.6
billion market, of which most of the HMD (head mounted displays) are
smartphone-based devices such as Google cardboard, due to lowers costs and
availability.
VR headsets such as Oculus, Vive and PlayStation VR,
three of the biggest current players on the market, will account for an
estimated 3 million units in 2017 and will increase to 5 million in 2018.
The content creators in ImmVRse will offer an array of VR
content types, such as entertainment videos, VR vlogs, corporate introductions,
VR music videos etc.
CURRENT PROBLEMS
Complexities With
Content Distribution
Of content does little to encourage and stimulate growth
in VR production. The end result favours only a handful of VR video and
animation creators who are able to dominate the field.
Payment Model
By providing a blockchain payment integration, ImmVRse
will allow anyone in the world to create a wallet within seconds and use it to
make and receive payments.
Revenue Generation
Due to massive influx of video producers on platforms
such as YouTube and Vimeo, a substantial amount of effort or an extraordinary
idea is necessary for a producer to stand out and subsequently generate revenue
from their respective production.
Slow Growth
Due to Head Mounted Display units being forecasted to
increase, the demand for content production will rise exponentially.
SOLUTION TO THE
PROBLEM
Creativity
By using the power of a decentralised network, ImmVRse will create an efficient and
self-sustaining ecosystem for our members.
Control
ImmVRse will not act as a mediator or intermediary. Every
job will use the functions of smart contracts, the parameters of which will be
set by the users on both sides, e.g. brands and the content creators.
Payment
Payment is one of the biggest problems that blockchain
will solve via this application. Using ImmVRse tokens, it will take seconds to
send and receive payments anywhere around the world without paying a high
processing fee to a bank or a third party money transfer
Revenue
By creating a balanced ecosystem, the platform will aim
to become one of the largest video sharing platform, thus attracting hundreds
of companies around the world. The combination of all the above will contribute
to ensuring the rapid growth of users and content.
TARGET MARKET
Target audience for ImmVRse is primarily those who are
involved or would like to be involved in VR content production and the age
range is between the ages of 16 to 45. While the corporate target audience
varies from small businesses, start-ups and medium enterprises to large
consumer brands and internet personalities.
ImmVRse NETWORK
ImmVRse TOKEN
The bespoke token for the network has been created as a
centralised currency to be used within the ImmVRse Network.
ImmVRse PROTOCOL
This is a ledger where we can monitor the health of the
network and any token-based transactions.
ImmVRse (ĐApp)
This is the decentralised VR application where brands can
directly hire content creators and also allows companies to advertise and users
to watch and subsequently receive rewards for interacting with the application.
ImmVRse DECENTRALISED ENGINE
This is a solidity based algorithm on blockchain that is
at the very core of powering ImmVRse ĐApp. The system is being developed to
connect ImmVRse Token, ImmVRse ĐApp and all of its users within the platform.
ImmVRse USER RETENTION ENGINE
This is an algorithm for blockchain, designed
specifically to retain users within the ecosystem. The blockchain algorithm
enables users to directly engage with Virtual Reality content producers by
earning reward badges.
The ImmVRse application will have the following
characteristics in order to be decentralised:
-
The application will built entirely on open-sourced
blockchain protocol and function autonomously without any mediation from a
financial controller
-
The DApp will allow users to create an Ethereum
address and wallet within the application, resulting in a direct connection to
the Ethereum mainnet
-
The DApp's data and records of operation will be
cryptographically stored in a public, decentralized blockchain so as to avoid
any central points of failure
-
The application will use a cryptographic token
as a form of payment to initiate smart contracts between two parties, enabling
a peer to peer hiring process without third-party mediation
-
The token will also be used to reward the users,
using algorithms on the blockchain that will allow users to be rewarded and
thus resulting in better user adoption
-
The system may adapt its protocol in response to
proposed improvements and market feedback.
ImmVRse will permit content creators around the world to
upload their own VR videos and showcase it to viewers, brands, advertisers and
businesses on one platform. The brands or companies can then directly hire
content creators, using the application and Ethereum’s smart contract
deployment to pay media producers. ImmVRse token works as a sole tradable
currency within the application and ecosystem.
The recent growth of cryptocurrencies and blockchain
technology has completely shaken the fintech and banking world to its core.
Cryptocurrency is currently the newest form of crowdfunding which uses “Initial
Coin Offerings” and applications hosted on decentralised networks.
CONVERGING VR AND
BLOCKCHAIN
ImmVRse aims to be a platform free of any such type of
restrictions, as creators are able to publish whatever content they would like,
whenever they want, in whatever form they wish. However, there are moderators
that will intervene in extreme or significant cases of inappropriate content.
BLOCKCHAIN’S CORE
FUNCTIONALITY
Using ImmVRse, companies can transparently and directly
hire VR content creators on the platform without the need for an arbitrary
third party. A smart contract application holds a specific amount of currency
and locks it in an escrow, until a given date or goal is reached.
Erc Token On Smart Contracts
The users can send or receive ImmVRse tokens and
simultaneously store them in their ImmVRse Wallet. The Smart Ledger within
ImmVRse protocol will automatically log and keep track of every single
transaction within the ecosystem.
Network File
Distribution System
On a typical hypertext transfer protocol, cloud storage
files are protected by replicating data and storing identical data in multiple
destinations. In addition, the algorithm enables nodes around the world to
store and index relevant content. When ImmVRse users look up videos and
profiles, the application requests the network to find the nodes that stores
content.
Fail-Safe Network
Storage
ImmVRse network distribution system (INDS) along with
IPFS will track signatures and as many cryptographic replications as possible.
Cache Storage
ImmVRse has plans to deploy a system where cache will be
stored to the closest available address, if the project is fully funded. This
will save bandwidth, decrease latency and ping time.
USER FUNCTIONALITY
Application Interface Design
User Validation and Data Encryption
ImmVRse Token (IMV) will be a form of tradeable token (currency) within the ImmVRse
ecosystem. The distribution of the flow in and out of the system is balanced by a range of users
within the network. Having a dedicated token for the Ecosystem provides a number of benefits, including but not
limited to:
Algorithm Workflow
For Hiring Content Creators
Algorithm Workflow For Advertisers & User Retention Engine
ImmVRse USER RETENTION ENGINE
The User Retention Engine has been designed specifically to balance the circulation supply of
ImmVRse tokens, in order to stabilise any unpredicted volatility.
Viewers Award
System
The users are able to exchange the token with fiat currencies at selected exchanges or alternatively
stored in their ImmVRse wallet.
Monthly Creator
Awards
Monthly award winners are selected by smart contract, based on the videos that have received the
majority of votes at the end of each calendar month.
Endorsement Badges
Endorsement badges are a way for companies and brands to recognize creators for the successful
completion of a project. The creators automatically receive an endorsement badge from a company
when they successfully complete a project and receive cleared funds.
Creators Badges
Content creators that put significant effort into
their work can find themselves quickly moving up the system, achieving more recognition, which in
turn opens up further and potentially better business opportunities
ECOSYSTEM WORKFLOW
PRIVACY AND
SECURITY
Protecting Data
As a result of the distributed ledger, running ImmVRse on blockchain eliminate the risks of false key
propagation and securely verifies the identification of the user.
Extremely Secure
Transactions
Every transaction on the ImmVRse platform will be executed using the smart contract application.
System Integrity
All transactions within the application will be processed using the peer-to-peer automated
identification system built into ImmVRse Coin’s code
ImmVRse Ledger
All transactions will be logged on ImmVRse Protocol’s central ledger, decluttering complications and
increasing efficiency.
Protecting Data
Integrity
All the
contracts signed on ImmVRse ĐApp are completed using blockchain’s smart contract system,
distributing evidence across multiple blockchain nodes and making it impossible to manipulate from
a central data source.
Distributed DNS
ImmVRse also has plans to integrate the concept of a distributed DNS system, which carries a
minimal risk of failure under an excess of requests.
COMPANY PARTNERS
TOKEN ICO
The token generation will cease 6 to 8 weeks from the launch of the ICO.
- ImmVRse will offer up to 33.33%, 100,000,000 of the company’s total circulation supply - 300,000,000 tokens
- Each ImmVRse token will cost $0.20
- Participants will be able to purchase the tokens with Ether and store the tokens via their MyEtherWallet address
- The price of ImmVRse token will remain steady throughout the token generation period
- Participants in Pre-ICO will be eligible for bonus of 20%
- Early contributors of ImmVRse tokens will receive additional bonus of up to 10%
- The token launch will take place with target funding and cap of $20,000,000
Token Distribution
Funds Distribution
Raised funds from ICO will be allocated in the following ways:
THE TEAM
It's time to revolution of content craetive!!!
Visit this for more information:
Website : https://immvr.se/
Whitepaper :https://immvr.se/whitepaper/
Author : ririsw
Tidak ada komentar:
Posting Komentar