The NFTs made by OVR are non-fungible tokens that signify totally different lands inside their ecosystem.
In reality, OVR has created a digital layer that overlays the map of the bodily world, dividing it into 1.6 trillion hexagons (i.e. 1,600 billion) measuring 300 sq. meters every.
Every hexagon is an OVR Land, represented by a singular NFT.
Taken as a full, these digital hexagonal lands cowl the entire floor of the world, and every of them has particular coordinates and a singular title represented by three English phrases, like blue.sky.dream.
The possession of each land is assigned by way of the possession of the corresponding NFT on the Ethereum blockchain.
On this method, every OVR Land could also be a singular and tokenized spatial Net area. Because of GPS and Pc Imaginative and prescient, the OVR app goes to be prepared to offer Augmented Actuality (AR) experiences contextualized to the geographic location, and subsequently the landowners will determine what content material goes to be proven inside the geographic location occupied by their land(s).
OVR Innovation matches hexagonal lands to the location on the map utilizing their coordinates and names them with a singular code or area supported three phrases.
To purchase the lands you could have to make use of the OVR token, which may be offered with a public sale beginning November thirtieth, 2020.
Nonetheless, it’ll not be an ICO, however an IBCO. This can be a model new method of issuing tokens in the marketplace by way of a DEX and a bonding curve that foresees that tokens are created given that somebody buys them in the marketplace, and burned if finally resold to the bonding curve itself.
For that reason, though there’s an preliminary worth, the acquisition worth will really be set by the market.
Sooner or later, a market can be launched for content material creators which is able to permit landowners to buy content material to characteristic to their lands.
Augmented Actuality could possibly be a expertise that allows, by way of apps, to characteristic content material within the bodily atmosphere, creating the phantasm that the true world and digital content material coexist inside the similar area.
Within the OVR app, the contents positioned inside the lands are proven on the place of the lands themselves.