ImmVRse - Disrupting the VR Industry
Immvrse is a virtual reality platform that contributors can post material and creators can put their videos in virtual reality format, up on the platform. It's going to be decentralized, you're going to get rewarded for your content creation and it will also provide an opportunity for clients to find content creators as well. It's a very interesting concept, futuristic. We have the blockchain, virtual reality, content creation all wrapped into one. The competition is falls into two categories. It falls into the decentralized media platforms such as dtube, another type of video blogging websites and platforms. The difference with Immvrse, they're going to be doing the videos and the content in VR, augmented reality, mixed reality. So, they’re not exactly the same as what's available at the moment and mentioning dtube and similar websites because that's as close as we can get to the real competitors at the moment. There are obviously the other virtual reality platforms that are available, that have emerged late last year, Vibehub is one of them. Virtual reality is becoming more and more common whilst none of these are really competitors for Immvrse because Immvrse are suggesting doing something that’s completely unique I believe so far. They are going to have a content creation platform in virtual reality for virtual reality creators which makes it unique and set aside from all the other virtual reality projects. As virtual reality gets more and more popular the mainstream platforms like YouTube and even the decentralized ones like dtube and so on will try and move their content towards 360 or a virtual reality model as well because that’s what demand will require. It’s interesting to see a project attempting this so early on in the life of virtual reality because it's still a very new technology. So, it will be very interesting to see how it stacks up against the competition eventually when they realize that virtual reality is going to be a very popular media platform.
When we talk about the problems that they want to solve, first off there’s not enough content creators on any one platform. Facebook and YouTube both support virtual reality or 360-degree content but there's not enough content creators on any one platform making it possible for this to take off. Another problem is current media sharing platforms are entirely dominated by 180/2D video content. The most popular ones of course YouTube and even dtube on decentralized network are completely dominated by 2d video. Another issue only a few top tier influencers are paid well enough. On YouTube, there's been a lot of complaints over the last few months, even years about people not getting rewarded enough for their content creation. Even if they are a part of the monetization where AdWords are running on their channel. They don't get paid enough to make it even worthwhile. So, only the real top tier influencers or video creators get the just rewards and that’s not fair. Another issue is the equipment to film VR is expensive and it’s also hard to obtain as well. It’s not like you can walk into your local camera shop and buy it. It's quite special. There’s also a lack of copyright protection with current 360-degree media and that needs to be addressed. Also, Immvrse reckon that growth of virtual reality in 360-degree content requires dedicated VR platforms for it to grow and succeed because it’s still in competition with 2d. It's more likely people are going to watch and still retain watch the 2d content rather than watching the 3d. So, if it's going to grow, if it’s going to succeed it needs a dedicated platform to do so. And current platforms are centralized that brings problems, lack of transparency, trust, security, privacy etcetera. Everything that centralization is not conducive towards, any centralized platform will be guilty of that. So, having a decentralized platform will give you added security, an ability to interact on blockchain ecosystem. That's fair transparent and obviously on the immutable ledger you can see all the transactions have been performed accordingly. Decentralized platform for any media content is certainly the way forward not least of all in terms of, decentralized platforms cannot be censored. There's a censorship resistant and another thing as well the owners of the platform don't decide what content producers get to upload on them because it’s decentralized anybody and that has been verified can go on and put their content on it. So, it's open to all and it’s certainly more fair and free.
Virtual reality the market for it, it's already quite large but it's going to grow exponentially over the next few years. As the technology improves, as more people start to realize and use it, as more and more content is created the growth of the market is going to be phenomenal. Mark Zuckerberg has invested two billion into virtual reality startup in 2014. People can see the real-world use cases for virtual reality over and above just the entertainment value overall but entertainment will probably be the driving force behind the adoption of it. So, entertainment will drive it but it has so many other applications, we're talking about a multi multi-billion-dollar market here and this is an interesting attempt to get a bit of the market that hasn't really been realized yet. The white paper does list some of the potential uses for virtual reality including health care. They mentioned therapy is one of the uses for it. You could see how that would be applicable because if you’re scared of public speaking, flying or heights you can actually use the virtual reality to give people the sensation of being in a situation that they're not comfortable about. Another use for it would be tourism as well. Instead of look at booking.com and thinking all that hotel looks nice. You could put on your virtual reality headset, go to one of the websites and actually walk through the hotel yourself using virtual reality.
Website: https://immvr.se
Twitter: https://twitter.com/immvrseuk
Facebook: https://facebook.com/immvrse
Telegram: https://t.me/immvrse
Whitepaper: https://immvr.se/wp-content/uploads/2018/02/Whitepaper-ImmVRse-Lite.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2816197
Authored by: donniedarko
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1720051