The worlds of AR, VR, and 3D are going to collide to form a new digital revolution that will be the next big thing in the world of tech. At least that’s what Cappasity thinks. The company formed in 2013, has now pivoted to all things 3D and VR, and it couldn’t get any more exciting.
The idea that 3D + VR is the future has been repackaged and sold to us several times over. However, all these premonitions skimp on one tiny little detail: Ecosystem. The vicious circle of lack of people leads to lack of an ecosystem is all too known in the tech community.
Cappasity, however, has decided to take a different route. One that it hopes will eliminate the question itself because the community will create the ecosystem. It’s like a self-solving puzzle except it still leaves some questions in the air.
Let’s begin with what Cappasity is. It’s a company that started off in 2013, began R&D in 3D content creation in 2014, and had a product that allowed the production of 3D content up to 10 times faster than the current methods. This year, though, the company truly found its groove.
The startup introduced the Cappasity platform which was not only 4x faster at launch but also allowed thedevice of any form to browse it with a 3D format that was proprietary to the company. It also enabled developers to embed the platform onto their applications with a simple API, but with an option of achieving the same task manually.
To complete this ecosystem, the company required a currency that transcended the international boundaries and made the experience hassle-free. Enter, ARTokens. The digital currency, which currently goes for the exchange rate: 125AR = $1, will be part of the Ethereum network and it will also be issued as ERC-20 Ethereum token.
Boasting of over 11759 users and 5286 contributors already, the platform is selling 7,000,000,000 ARTokens in order to create a community around the ecosystem. The minimum buying contribution accepted by Cappasity is $35, under which your donation will be ignored and not get marked as a buying transaction.
This is just phase 1, however, which ends on November 22 having started on October 25. The total hard cap for the crowd sale tops $50 million and the actual amount of ARs will also be announced then. The unsold ARTokens will be destroyed. You can contribute to the crowd sale in Ethereum (ETC) and Bitcoin (BTC).
The platform will allow the use of AR as a transactional currency from next month. Mining or minting is not allowed on the ecosystem. The basic price for ARTokens for Phase 2, which begins on March 22, will be revealed on January 23.
The company expects the token price to be much higher in the second phase relative to the first one. To know more about the ecosystem, you can read the company’s whitepaper for the same. Should it succeed, the operation would be critical to push both VR and 3D technologies forward.