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SMART CONTRACTS

Being built on the foundations of blockchain, ImmVRse will allow its users to execute secure end-to-end encrypted transactions, which can serve as a defense structure in preventing cyber-attacks and security threats.

File Distribution System

ImmVRse will use distributed network storage specifically designed for blockchain, that will remove duplication of data and uses mirror techniques to replicate signatures.

Decentralised Retention Engine

The Decentralised (User) Retention Engine has been designed specifically to balance the circulation supply of ImmVRse tokens, in order to stabilise any unpredicted volatility.

ImmVRse platform is .

HOW DOES IT WORK?

ImmVRse offers a revolutionary platform for brands looking to branch out into the new and compelling world of VR, allowing them to hire content creators in a quick, easy and convenient manner.

Advertisers will buy IMVs to pay for advertisements. A portion of the profit will be distributed to content producers and general viewers.

Users will receive IMVs as a form of payment for watching videos.

Viewers can store their tokens in their ImmVRse™ wallet or sell them in exchanges.

Brands will be able to search via the decentralised search engine and hire/recruit content producers through ImmVRse.

The companies will be able to pay for jobs using IMVs and Ethereum.

Cryptocurrency traders, hedge funds and financial services will be able to trade ImmVRse token (IMVs) via multiple exchanges.

Content creators will be at the center of the ecosystem. All transactions within the ecosystem will be validated and encrypted using Ethereum’s smart contract function. As a result, the ecosystem will run without the need of an arbitrary third party or a financial controller.

OUR PARTNERS

WHY VR?

Virtual reality is the next big wave in consumer technology. The world rarely experiences momentous leaps towards the future and this is exactly what VR represents, having the ability to change how we  interact with the world around us.

Experts believe that although the growth of VR will not be exponential, the industry will outgrow expectations in the next five years. It is also predicted that almost every household will own a pair of virtual reality headsets as the concept will gradually infiltrate a number of industries.

Research conducted by Goldman Sachs shows positive forecasts for virtual reality. The total revenue for the industry will grow from US$28 billion in 2020 to US$79 billion in 2020, with accelerated uptake projection of up to US$110bn.*

INDUSTRY FORECASTS

VR User Adoption

  • Base Case
  • Acccelerated Uptake

VR/AR Software Revenue

  • Software Revenue ($bils)

*Goldmansachs.com. (2017). Profiles in Innovation: Virtual & Augmented Reality. [online] Available at:
http://www.goldmansachs.com/our-thinking/pages/technology-driving-innovation-folder/virtual-and-augmented-reality/report.pdf [Accessed 03 Oct. 2017].

^Superdataresearch.com. (2017). SuperData Research | Games data and market research » Virtual Reality Market and Consumers. [online] Available at: https://www.superdataresearch.com/market-data/virtual-reality-industry-report/ [Accessed 01 Oct. 2017].

CONVERGING VR-BLOCKCHAIN

The blockchain is at the forefront of a new digital revolution that has caught the financial world by storm; a decentralised network and digital ledger for transactions, which can be programmed to store any kind of valuable data and has no single point of failure. This new application is powered by a web infrastructure built on the foundation of blockchain called Ethereum. This is a platform that allows smart contracts to be distributed and decentralised applications to be developed to run without the influence of a central arbitrator, downtime, fraud or any external interference.

By providing a blockchain payment integration, ImmVRse will allow anyone in the world to create a wallet within seconds where they can receive payments directly. All this without either a third party intermediary or financial controller. ImmVRse is redefining banking with the unbanked and converging VR, hence bringing the best of both worlds together.

Dedicated VR content platforms are generally restricted to having their content approved before publishing. ImmVRse aims to be a platform free of any type of restrictions, as creators are able to publish whatever content they would like, whenever they want, in whatever form they choose.

However, moderation of content will take place by upvote and downvote of users. Only videos and content flagged by the community will be further verified by central moderators.

REWARDING THE USERS

ImmVRse will not only act as a marketplace for VR content creators, it will also reward its creators and users for interacting with the application. The system has implemented a badge-based tier system based on smart contract functions. The system takes a percentage of advertiser’s payment, locking it in an escrow until the user achieves a certain number of accolades. Upon completion, they will be paid in the form of IMVs.

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