VANCOUVER, B.C., Canada -- July 26th, 2021 --
InvestorsHub NewsWire -- Nextech AR
Solutions Corp. (“Nextech'' or the “Company”) (OTCQB:
NEXCF) (NEO:
NTAR) (CSE:
NTAR) (FSE: N29), an emerging leader in augmented reality for
eCommerce, AR learning applications, AR-enhanced video conferencing
and virtual events, today revealed plans to launch its NFT hologram
creator platform. The creator platform will leverage the company's
human hologram creator platform HoloX ,
which is expected to launch in the third quarter. Once launched,
customers will have the ability to seamlessly experience its
digital collectibles in augmented reality.
For HoloX early access program and DEMO
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According to Reuters, “The market for non-fungible
tokens (NFTs) surged to new highs in the second quarter, with $2.5
billion in sales so far this year, up from just $13.7 million in
the first half of 2020, marketplace data showed. An NFT is a crypto
asset, representing
an intangible digital item such as an image, video, or in-game
item. Owners of NFTs are recorded on blockchain, allowing an NFT to
be traded as a stand-in for the digital asset it
represents”.
The company has a two staged rollout plan where
initially AR human holograms are purchased through a third-party
NFT marketplace, then viewed and experienced outside a digital
wallet using Nextech’s HoloX application. The second stage of the
rollout includes minting the NFT on Nextech’s platform and being
able to buy and sell human holograms on Nextech’s
platform.
The company is also in talks with existing marketplaces
to leverage it’s newly acquired Threedy.AI 3D content creation
technology to turn existing NFT artwork into AR NFTs at scale using
Nextech’s Threedy AI. Through a simple JavaScript tag integration,
NFT product photos are automatically onboarded, 3D models are
created for each NFT through the power of AI and hosted on the
Threedy’s cloud, and 3D visualizations are served to client
properties using web AR/3D, all within a single integrated
platform. This platform will support the production of thousands of
3D models per week, further advancing the reach of the NFT
market.
Dawsyn Borland, VP of AR Innovation Labs and Content
comments:
“This venture is an exciting step forward for Nextech
and a big move for creators and consumers alike. AR experiences are
extremely well positioned as NFTs, as they not only display digital
content but allow buyers to interact with them.” She continues,
“Our current technology stack is perfectly in line with the global
adoption of NFTs and we are thrilled to meet this growing
demand.”
Evan Gappelberg, CEO of Nextech comments:
“This is an exciting new market opportunity for our
company and when the NFT enabled platform is completed it will
squarely put us into the world of blockchain by merging our AR tech
with NFT technology.” He continues, “ Our AR creaton
technology leverages AI allowing us to scale up the production of
high-quality and personalized content as a hologram NFT, be it your
favorite athletes, artist or artwork. We are continuing to build
leading edge AR solutions for fast growing industries by coming up
with innovative ways of leveraging our tech stack. Our goal has
always been to create long term shareholder value and with this new
AR NFT innovation I believe we are succeeding at doing just
that.”
Human holograms are a force that is driving the digital
economy. According to Gartner**, by 2035, the digital human economy
will become a $125-billion market. Digital human technologies are
growing exponentially across many of today’s industries and use
cases, with an eye toward more use cases tomorrow.
**“Maverick Research: Digital Humans Will Drive Digital
Transformation”; Gartner Inc., March 31, 2021
Further details aboutNextech’s NFT will be announced
next month.
Evan Gappelberg, CEO
Shauna Mason
investor.relations@Nextechar.com
To learn more, please follow us on Twitter, YouTube,
Instagram,
LinkedIn, and Facebook, or visit our
website: https://www.Nextechar.com.
About Nextech AR
Nextech develops and operates augmented reality (“AR”)
platforms that transports three-dimensional (“3D”) product
visualizations, human holograms and 360° portals to its audiences
altering e-commerce, digital advertising, hybrid virtual events
(events held in a digital format blended with in-person attendance)
and learning and training experiences.
Nextech focuses on developing AR solutions however most
of the Company’s revenues are currently derived from three
e-Commerce platforms: vacuumcleanermarket.com (“VCM”),
infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”).
VCM and product sales of residential vacuums, supplies and parts,
and small home appliances sold on Amazon.
Forward-looking Statements
The NEO has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
Certain information contained herein may constitute
“forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be,” “looking forward” or variations of such words and phrases or
statements that certain actions, events, or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness are based on the Company’s estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, levels of activity, performance,
or achievements of Nextech to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including capital expenditures and
other costs. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Nextech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required b
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