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In 2016, Niantic Labs released a game called Pokémon GO, which quickly became one of the most popular mobile games of all time. In addition to featuring a beloved anime character, it also popularized the use of augmented reality (AR), a sector that has enjoyed exponential growth. Every mobile device built in the last few years fully supports AR, and the industry is expected to gross over $100 billion in 2024. The next step in that evolution is the OVER Metaverse, which combines both virtual reality (VR) and AR.
Key Takeaways:
OVER Metaverse offers augmented reality experiences through its decentralized platform based on three interconnected layers.
OVR is an ERC-20 token that has diverse uses within the OVER ecosystem, including the purchase and sale of OVRLand NFTs and OVRExperiences, and as a reward token for staking OVER nodes.
Founded by Davide Cuttini and Diego Di Tommaso in January 2019, the OVER Metaverse is a decentralized platform that provides interactive augmented reality experience to users in the real world. It was originally built on the Ethereum blockchain, but has since been bridged to Polygon for higher transaction speed at a lower cost. In addition, it now incorporates the InterPlanetary File System (IPFS) for digital asset storage.