Know the Reason why you can choose the Citizen Finance

peterhughe (26)in #citizenfinance • 3 years ago

Extended reality (XR) combines augmented reality and virtual reality―meaning that nearly all forms of technologically-supplemented reality fall under the XR umbrella.

Augmented reality (AR) is a technology that lets people superimpose digital content (images, sounds, text) over real-life scenes. Although this technology has been around for a long time, it still has some entry barrier. Currently, only high-end devices support AR-based applications. This barrier limits the AR users due to the cost of supported devices.

Virtual reality (VR) creates a completely virtual environment that allows users to immerse themselves in an alternate universe. VR can be experienced using a VR headset such as Oculus, HTC Vive and many others. The cheapest VR gear has been the google cardboard VR box.

Current Non-Fungible Token Industry

The Non-fungible token industry is flooded with various nfts with less functions. excluding the metadata, nfts can be regarded as another smart contract token that takes less than 5 minutes to deploy on the blockchain. Metadata provides rich content to a token but the utility is still very small.

With the current ongoing NFT trend, the blockchain space has seen lots of projects integrating nfts into their ecosystem even though they have little or no utility for the token. They just issued them and abandoned them due to lack of utilities.

NFT in Art

One area in which non-fungible tokens has been playing a major is the art industry. Various art projects have been successful in integrating nft into art work with some nft-based artwork selling for millions of dollars.

Although this sector has been lucrative, Citizen Finance still thinks more can be done to make nft-based artwork purchased can be less than a blockchain token and more like an interactive artwork.

Introducing CifiPowa X

CifiPowa X is an extended reality based application that introduces immersive experience to nft-based artwork. Art collectors will be able to create immersive experiences such as; taking pictures, making videos, art exhibitions, immersive sales and others with their art work. NFT could be a 3D (animated or non animated) model or an images file.

On the path to continue making our applications accessible, CifiPowa X will not only support android and iOS devices but also be available on web browsers. Users with non-supported device will take advantage of the web based version of Pow XR

Functions

• Encourage immersive experience of NFT-based art work

• Enable artist to carry out art exhibition using NFTs

• Interactive art sales

• Immersive based advertisement

• Fashion shows

• and many more

Supported NFTs

The first phase of CifiPowa X will provide support for Binance smart chain nfts starting with CifiPowa registry. Support for other Non-fungible token based on BSC will be through application and partnership only as each nft-based art needs to meet our requirements.

The app will continue to grow into a cross-chain platform to support nfts from other public blockchain such as Ethereum, Polkadot, Tron and other nft supported blockchains.

About Virtual Reality

As the name and image above suggest, virtual reality (VR) creates a completely virtual environment that allows users to immerse themselves in an alternate universe. The Oculus, a consumer-grade, multimedia entertainment VR solution, may be the most famous VR system on the market today. Since its founding in 2012, Oculus's creators have continually pushed the limits of virtual reality technology. VR technology is currently limited by low-power processing devices and GPUs. An immersive virtual reality experience requires a fully-developed simulation as well as native processing of the interactions and movement within the simulation. We see one excellent example of these current processing limitations in the jump from "standalone" VR headsets to headsets that require a PC for operation.

CifiPowa X is an extended reality-based application that enables immersive experience on nft-based artwork.CifiPowa X, Your Life is a Canvas.

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