WEARVR is uniquely and advantageously positioned as the only completely independent app store within the virtual and augmented reality ecosystem and community. We have long-standing relationships and a strong reputation with the users (mostly gamers) and developers of VR/AR apps as well as a growing number of VR/AR headset (HMD) manufacturers. These different stakeholder groups are interrelated and face friction and adoption obstacles that can be greatly improved by the integration of both blockchain and cryptocurrency technologies, for the benefit of themselves individually as well as the market as a whole.
We have a clear vision and a defined plan to leverage our market position to introduce the de-facto cryptocurrency to power the entire ecosystem and utilise blockchain protocols to drive increased usage of VR/AR, create new (and needed) content, reduce copyright theft and super-charge new business models within the markets.
For a token to be successful it needs to have participants (people willing to purchase and use it)- we already have deep business relationships with all key stakeholders in the VR/AR market, which will be greatly enhanced by our blockchain and cryptocurrency initiatives. We are launching Weave with a clear mission - to create the universal cryptocurrency for VR/AR markets.
We're going to super-charge our existing app store, of over 3000 apps, by integrating Weave as a reward and payment mechanic. We'll be airdropping Weave to all our users, with bonuses for site engagement (rating apps, commenting, recommending friends). Also, apps will be discounted if purchased with Weave.
Sitting alongside our existing store, we'll be launching a blockchain powered decentralized app store. This links developers closer to users, with zero commission fees, discounted app prices and smart contracts to secure asset ownership.
WEAVE will be used by the community to fund exciting new VR projects, this gives the community a voice on what’s made, as well as a great opportunity for content creators to raise funding. Once the app is funded the investors will receive a portion of the revenue generated.
Our MRG (Mixed Reality Goods) market will allow creators, buyers and sellers to exchange digital assets, using Weave as the exclusive currency. We will create and manage this exchange, which will be blockchain-driven and supported by smart contracts to provide proof of ownership
We've spent over three years laying the foundations and business relationships to be the best placed company to launch a dedicated cryptocurrency for the VR/AR market. Our partnerships include HMD manufacturers, developers, expo organisations and several others.
The use of proceeds from the sale is as follows:
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