Spectiv is a decentralized virtual reality system based around an attention market token. Read our Spectiv review to find out how it works.
What Is Spectiv?
Spectiv is a dedicated virtual reality streaming platform that uses blockchain-based attention markets to support widespread adoption of virtual reality.
Some key features of the platform include live VR streaming, say, of sports events, where viewers can participate at home. The platform is also community-driven, enabling ordinary users to stream any personal experiences with their own VR equipment.
In the future, Spectiv plans to create their own original VR content by partnering with popular organizations and production companies. That content “will be produced with the most cutting-edge VR technologies and will be overseen by the Spectiv productions team”, according to the official SpectivVR.com website.
Like other blockchain-based virtual reality companies, Spectiv is seeking to get a slice of the multi-billion VR industry. The Spectiv whitepaper claims that VR is projected to grow from $1 billion in 2016 to $30+ billion by 2020, making it one of the fastest growing industries in the world.
How Does Spectiv Work?
The Spectiv ecosystem revolves around the use of Signals tokens, or Sigs, as well as a separate currency called Specs.
Sigs are ERC20 tokens that connect attention markets with the Ethereum blockchain to secure faster growth in the VR industry.
Curators can earn Sigs by sharing virtual reality content.
There are also separate tokens called Spectiv Tokens, or Specs. Specs are a virtual reality token that supports internal platform functions like tipping, premium content purchases, and advertising rewards.
Together, these tokens support Spectiv’s core functions, including the creation of a dedicated VR streaming platform capable of supporting mainstream adoption. They incentivize users to create and share VR content.
Overall, Spectiv is a platform that allows users and organizations to stream their unique VR experiences to the world in a seamless and rewarding way. Viewers can engage in these experiences from home, through virtual reality. Key features of the platform include:
Community-Driven VR Content:
General users contribute VR experiences. Spectiv allows ordinary users to stream any personal experiences with their own VR Equipment. That content can range from professionally-produced footage to casually-recorded uploads – similar to the range of content you see on YouTube and other video streaming platforms.
Commercial VR Events:
Spectiv will host VR live streams of sporting events, concerts, and more from premium seat proximities, giving the audience a truly engaging perspective of a particular event. This allows users to watch live events from home and fully participate in the atmosphere at the same time. To bring these events to an audience, Spectiv plans to partner directly with the hosts of the event.
Spectiv Original VR Content:
Spectiv will produce original VR content. This content will be produced “with the most cutting-edge VR technologies and will be overseen by the Spectiv productions team.” Spectiv’s original content will be introduced to the platform after development of the more critical community-driven and commercial components.
Tokens (Specs and Sigs):
As mentioned above, the Spectiv platform will use two tokens. Specs will be used as an internal platform currency (for tipping and premium content, among other purposes), while Sigs will be used as a decentralized ERC20 token. Sigs connect attention markets with the Ethereum blockchain to foster growth in the VR industry, and will be created and distributed through a token creation crowdsale scheduled for August 2017.
Spectiv And Other VR Streaming Platform Differences
Spectiv isn’t the first company to see opportunity in the VR space. In fact, they’re not even the first blockchain company to target the VR space. So what makes Spectiv different from its competitors? How will it outlast its competitors to be the next YouTube for VR?
Spectiv plans to differentiate itself from the competition through its user-driven content. Spectiv describes itself “as a decentralized, user integrated exchange of virtual reality experiences.”
In other words, it’s not just a portal viewers can use to watch popular VR events – it’s an environment where users around the world can share their experiences with others. A viewer in the United States could put on a VR headset and view the live content being produced by a streamer in Japan or Italy, for example.
Spectiv envisions a platform where community-driven content covers all bands of the spectrum. They claim uses can visit famous sites through VR headsets worldwide, for example. Or, they can just experience a day in the life of someone living in Japan. VR content could be produced by battlefield journalists, or by extreme sports athletes.
The Spectiv Crowdsale
Spectiv has announced a date for its token creation crowdsale: August 14, 2017 at 2pm (GMT-5). The crowdsale is scheduled to last through September 4, 2017.
The crowdsale will be capped at 130,000 ETH, or $40 million USD. 60% of Sigs will be made available through the crowdsale. An additional 20% will be reserved on the platform, 14% will be reserved for the management team, 4% will be saved for escrow and advisors, and 2% for bounties and rewards.
Spectiv is led by co-founder and CEO Dylan Senter, co-founder and COO Nick Ravanbakhsh, and Chief of Technology Chris Peña.
Key advisors include Sheldon Weisfeld, founder of CoinVault ATM, Adam Richard, founder of Volt Markets & Sutton Stone, and James Duchenne, Founder of Sutton Stone.
In terms of timeline, Spectiv hopes to release an alpha of its platform in Q4 2017. At that point, they also plan to have incentivized user-driven contribution and negotiated broadcasting licenses. Then, in Q1 2018, they hope to release a platform beta, conduct an online marketing campaign, and introduce advertisers and ad rewards.
By Q2 2018, Spectiv hopes to launch the official, full Spectiv platform and begin to build its user base, expand its content variety, optimize its advertising rewards protocol, and start creating plans to produce original VR content.
Spectiv is headquartered in Houston, Texas. The company was formed in 2017.
Spectiv is a new VR company that seeks to make the YouTube of virtual reality content. The company hopes to create a platform where users are incentivized to create and share VR content from all over the world. In the future, Spectiv also hopes to launch its own original VR programming. Stay tuned for more information about Spectiv as the company rolls out its ICO and August and launches its alpha before the end of 2017.