Weave (WVR) Cryptocurrency Set to Launch ICO for Virtual and Augmented Reality App

WEARVR is a uniquely positioned digital platform that aims to transform the online gaming industry. The prime advantage of the platform is that it is the only completely independent App Store within the virtual and augmented reality ecosystem and community.

WEARVR has long-standing connections and strong reputations with the online gamers and developers of AR/VR apps. It also collaborates with a growing number of VR/AR headset (HMD) manufacturers.

These different stakeholder groups are interrelated. They also face friction and adoption obstacles, a situation that can greatly improve when cryptocurrency and blockchain technologies are implemented.

The implementation of such technologies could benefit the stakeholders themselves and the overall market. The WEARVR presale is currently live with a 25% discount, which ends in about one day from this writing.

Introducing A De-Facto Cryptocurrency

WEARVR has a clear vision and a clear plan to leverage its market position to launch the de-facto cryptocurrency to power the entire ecosystem and utilize blockchain protocols to achieve its planned objectives. The platform seeks to drive increased usage of VR/AR, create new content, reduce copyright theft, and supercharge new business models within the markets.

For a token to be successful, people must be willing to purchase and use it. WEARVR already has deep business relationships with all major stakeholders in the VR/AR market. This will be improved by the plan to initiate blockchain and cryptocurrency initiatives. WEAVE is launching with a clear mission—to create the universal cryptocurrency for VR/AR markets.

Product Strategy

Existing centralized App Store: WEARVR aims to supercharge its existing App Store that already has more than 3000 apps. It will achieve this by integrating WEAVE as a reward and payment mechanism. The platform will be airdropping Weave to all its users, with bonuses for site engagement such as rating apps, commenting, and recommending friends. Importantly, users buying apps using Weave will get discounts.

New Decentralized App Store: Sitting alongside its existing store, WEARVR is launching a blockchain powered decentralized App Store. This will link developers closer to users, with zero commission fees, discounted app prices, and smart contracts to secure asset ownership.

Crowdfunded VR Content: The community will use WEAVE to fund exciting new VR projects. This will give the community a voice on what is made and a great opportunity for content creators to raise funding. Once the app is funded, the investors will receive a portion of the revenue generated.

Mixed Reality Goods Store (MRG): The MRG market will allow creators, buyers, and sellers to exchange digital assets, using Weave as the base currency. It aims to create and manage an exchange that will be blockchain-driven and supported by smart contracts to provide proof of ownership.

The VR Ecosystem: WEARVR has spent more than three years laying the foundations and business relationships to become the best-placed company to launch a dedicated cryptocurrency for the VR/AR market. To achieve this, it collaborates with HMD manufacturers, developers, expo organizations, and several others.

Token Details

  • Token name: Weave
  • Ticker: WVR
  • Type: Built on Stellar
  • Total token supply: 960m
  • Tokens available for sale: 480m
  • Soft cap: $2m
  • Hard cap: $30m
  • Price: 1 Weave = $0.10 USD
  • Private sale starts: 1 February 2019
  • Public sale starts: 1 June 2019

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