AR Token, or ARToken, is a decentralized AR/V ecosystem for 3D content exchange. Find out how it works today in our AR Token review.
What Is ARToken?
AR Token is a digital token created by Cappasity. The token is designed to create a decentralized ecosystem for the augmented reality (AR) and virtual reality (VR) communities. Both communities can use the AR Token ecosystem to exchange 3D content across a marketplace called Cappasity.
The AR Token ICO is upcoming in the future, although the California-based company has not yet announced a date.
Overall, the creators of AR Token believe that the AR/VR revolution will be driven by content creators. With that in mind, they’ve created a platform that leverages blockchain infrastructure to create, rent, and sell 3D content. It’s a decentralized, trustless copyright storage and content exchange for the AR/VR community.
Cappasity already has a working 3D content sharing platform that gets nearly 1 million views a month. With their AR Token and the ICO, the company is hoping to raise funds to further the development of their AR/VR technology.
How Does ARToken Work?
AR Token is the name of the digital token used to transact AR/VR content. Cappasity is the name of the AR/VR ecosystem marketplace where content makers and content users can interact with one another.
The AR Token, or ART, facilitates 3D content exchange across the Cappasity marketplace.
The ART decentralized billing system is secured by well-designed smart contracts and is capable of handling a large number of microtransactions.
Some of the for ARTs include:
Spend ARTs On:
- Subscriptions to 3D content creators
- 3D content purchases from content creators (the price is dictated by the seller)
- 3D content rentals for commercial purposes
Receive ARTs For:
- Uploading unique 3D content
- Verifying and moderating content
- Selling or renting self-created 3D content
How Does Cappasity Work?
Cappasity is the marketplace through which users and content creators can interact and spend or receive AR Tokens.
Cappasity seeks to solve a key problem in the 3D content creation community: before Cappasity, 3D content creation was time-consuming, complicated, and difficult to scale. Cappasity created toolkits making 3D digitizing of real objects available to everyone. The company has also made efforts to make it easier to embed 3D content to virtual galleries and websites more easily, while also creating tools for mobile devices and AR/VR apps.
The Cappasity SDK is open to developers to build their own apps based on the platform.
In other words, Cappasity has a history of making the AR/VR industry more efficient by providing the community with valuable tools. The Cappasity ecosystem and AR Token is just another way in which they’re making the community more efficient.
Some of the key features of the ecosystem include:
- Marketplace for AR/VR users and content creators (basically, anyone willing to buy or sell AR/VR and 3D content)
- Blockchain and storage infrastructure
Together, these elements make up the Cappasity platform and the AR Token ecosystem.
The blockchain is called the EOS blockchain. The EOS blockchain is built to protect the ecosystem and ensure the secure transaction of copyrights. The blockchain is used by ecosystem stakeholders, including content creators, app developers, businesses, and end users, to ensure that copyrights are protected.
All transactions are immutably stored in the blockchain. The EOS blockchain can facilitate millions of transactions per second, according to the official ARToken.io website.
The developers claim that AR has the potential to be a major element of commerce in the future. It’s not just a nifty technological innovation for video games and online 3D videos. AR and VR software can shake up the live event industry, healthcare industry, video game world, amusement industry, and more.
AR Token’s list of features varies according to the amount of funding the company receives. Here are all of the planned features for AR Token and the Cappasity ecosystem, based on various funding targets:
- Free mobile 3D capturing SDK
- 3D View, 3D hologram mobile capturing
- 3D hologram unity/UE integration
- Smart contract empowered 3D/AR/V content marketplace
- 3D Hologram Apple ARKit integration
- Cappasity AI API (provides prescriptive analytics of user behavior, CMS integration)
- Free 3D avatars scanner
- Remeshing solution for AR/VR devices
- Remeshing solution for 3D printing
- Decentralized AR/VR/3D content storage
- Free 3D capturing for real estate industry
- 3D measurement solution
- Decentralized AR/VR/3D app marketplace
- 3D capturing for drones
- Fast mobile photogrammetry
More Than $50 Million
- 3D content search engine
- Decentralized GPU photogrammetry solution
Additional funds raised will be put towards something called the “AR VR Innovation Fund”. As you can see, the AR Token ecosystem ranges from a few basic 3D tools at the lowest funding level to a complete YouTube-like ecosystem and marketplace at the higher end.
The ARToken ICO
One of the unique things about the AR Token ICO is that it will lead to the creation of the Reward Fund and the AR/VR Innovation Fund. Once the token sale is complete, the company will allocate 10% of raised funds to content creator rewards and 20% to support AR/VR innovations.
The AR/VR Innovation Fund rewards the developers of the most promising apps. The Reward Fund, meanwhile, is assigned to active content creators and contributors, who will be systematically rewarded through the fund.
70% of the total supply of AR Tokens will be available for purchase.
We don’t yet have a date for the token sale. However, the official website claims the token sale “is coming”, and you can sign up to the email newsletter to receive future announcements.
Who’s Behind ARToken?
AR Token is being developed by Cappasity, Inc., a VR/AR specialist founded in 2013. That company began R&D of easy 3D content production in 2014. In 2016, they released free 3D digitizing software called Easy 3D Scan, which allowed for 10 times faster 3D content production. In 2017, the Cappasity platform launched, offering 4 times faster browsing from any type of device.
That platform currently receives 700,000 3D content views each month.
In total, the company’s founders have been working in 3D technology for over 15 years and are experienced with IT business development. Key members of the team include Kosta Popov (Founder), Alex Chegaev (Co-Founder) and Marianna Alshina (Co-Founder).
Cappasity is based in Santa Clara, California, with offices in Sunnyvale, California and Paris.
Cappasity and their AR Token seek to change the augmented reality and virtual reality industries by creating a marketplace for buyers and sellers of 3D content. The marketplace will facilitate the rapid expansion of the AR/VR industry that is expected over the next few years. The AR Token ICO is scheduled for the near future, although we don’t yet have a date. Stay tuned for more information.