XR WEB — WHEN A DECENTRALIZED REALITY IS AT YOUR HAND

Have you ever thought about fighting the dragons while savoring your delicious sundaes? Have you ever ‘sit shopping’ and tried out shops’ clothes right at your home? Have you ever thought about ruling a parallel world powered by a complete ecosystem, which incentivizes your engagement with a tradable currency? All these things may sound like a kid’s day-dream; however, they are what XR Web, as stated in their Whitepaper, can offer to their users utilizing the implementation of the emerging technologies, especially blockchain and extended reality.

WHAT IS XR WEB?

XR WEB is described as a decentralized network protocol that provides members with a collection of tool kits or what they call “an ecosystem” to manipulate their properties in the protocol’s extended reality. Extended reality (XR) is a term covering all the environments generated by virtual technologies and electronic wearables. Currently, the most popular extended realities in the world are VR (virtual reality — an immersive 360-degree-view programmed reality accessed by wearing a headset), AR (augmented reality — a reality where the physical objects are overlaid by graphics usually generated on smartphones or tablets), and MR (mix reality — a version of AR, where physical objects and virtual objects interact with each other by virtue of immersive technologies). The potential of extended reality is said to be unlimited and have the power to set many significant changes to a wide range of industries including gaming, real estate, insurance, advertisement, or sharing, etc. However, the XR industry has appeared to be immature when it first approaches the intersection with other fields so XR WEB project, a new player in both blockchain and XR industries playground, was born to address some massive problems and bring the mass adoption to the two innovative technologies of this centuries.

HOW XR WEB FUNCTIONS THE MULTI-PARTIES INDUSTRIES?

1. Underlying technologies

• Blockchain

Distributed ledgers ensure fairness in business. As XR Web is built on a blockchain network, all the transactions that take place will precisely and anonymously self-execute based on the agreements written in Smart Contracts. Thanks to this function, users can enjoy their efficient and safe trades without any worries. Also, blockchain helps to generate a native digital currency for the network to represent a value of the objects in this virtual environment. This currency powers the economy of XR Web network and represents the value of tangible assets and attract the engagement of users. Along with these two advantages, it is vital to keep in mind that the current existing blockchains suffer from a big problem — latency; therefore, the project will include building a sidechain to help process transactions instantly and reduce fees to the minimum.

• Extended reality (XR)

Augmented reality, virtual reality, and mixed reality are the core of the project with the support of blockchain technology. They are considered as the future of the internet and business because they help to save the costs, boost productivity, reduce life-threatening risks and so much more. Now with the development from the team and the implementation of an innovative technology like blockchain, XR will become mature sooner or later.

2. A unique ecosystem

Everyone can build their DApps on the network using XR Development Suite — an exclusive collection of development tools. These tools include:

• XR Browser: This is a special mobile browser which allows users to experience XR Network anywhere and anytime.
• XR Web Blockchain: Users can stake XR tokens (the native currency of this network) against geolocations on permissionless XR Web Chain to receive advantages, especially the rewards. Permissioned XR Web chains can be built on top of this chain, but there are many limits of use.
• XR Token: XR token is used for all the transactions on the environment
• XR DNS: This is a system of special URLs, leading directly to the virtual properties
• XR Apps Library: Developers can use tools to build the apps running on XR Web. These apps will be featured in XR Apps Library
• XR SDK & API: They are created to connect XR apps with exchanges, enhancing the need for this token
• XR Ads Engine: This is a tool that helps advertisers and properties owners. Properties owners will offer their locations with the conditions of demographics, duration of contracts and budget at their acceptance to advertisers. Both parties get benefits.

3. XR Apps X Many Industries

Below is the examples showing how the applications created on XR Web can be beneficial to various fields.

• XR Insurance: Now both insurance companies and their customers can track the location and events in relation to the high-mobility objects thanks to the transparent records on blockchain.
• XR Games: A great community of XR games lovers will be growing on this network. Being a part of the network, the participants come to play, practice, share, discuss, have fun and even to earn.
• XR Location-based Advertising Network: Advertisement can be placed in unlimited forms; additionally, customers will have a chance to interact with them so they will have many more impressions on the products.
• XR Real Estate: The implemented technologies ensure no parties have to witness the physical presence of the properties. Owners and tenants have the abilities to adjust the appearances of their buildings based on demand. Besides, Smart Contracts help deals take place quickly and fairly.
• XR Deliveries: The network guarantees the products’ security and safe
• XR Shopping: With XR development tools, it is easy for shop owners to display their goods and customers to try them on anywhere
• XR Home Sharing: Home owners can show the whole house or the part that is available for rent
• XR Ride Sharing: Experiences on car sharing will be refreshed as XR Web makes it very useful for the driver to track the map of the cities, the locations of the clients (even in the crowds), drive manually or autonomously and entertain on the ride.
• XR Social Media: XR Web brings about an all-new experience of XR on Social Media, which is supported by XR development tools

XR TOKEN FUNDAMENTAL

All the economics of XR Web are built around its native cryptocurrency — XR token. Every transaction such as location purchases, products purchases, or advertisement payments, etc. will be paid with XR token. Also, if users want to use, publish or make an incentive-enabled XR App, they need to pay with this token. Besides, long term supporters of XR Web can stake XR tokens to receive rewards. Finally, the token can be exchanged freely on exchanges.

MY OPINIONS

XR Web is not the only player when it comes to the field of XR network powered by blockchain. However, the project has stated its goals and products very clearly. The future of XR Web will be interesting as the potential is unlimited. To get a more accurate answer, let’s wait for their MVP.

Buy XR Tokens now with Bonus: https://www.ico.xrweb.netwotk
WR Web Whitepaper: https://www.xrweb.network/img/Whitepaper-XRWEB.pdf
Onepager: https://www.xrweb.network/img/Onepager-XRWEB.pdf

Bounty0x username: dadabosade
This article was created in exchange for a potential token reward through Bounty0x.