It cannot be denied that the world has changed drastically because of the COVID-19 outbreak. Where before, people can go out and do whatever they want, now, they are very limited when it comes to outdoor entertainment. There has been a giant and sudden step toward online activities, which has inevitably changed the way people play, work, socialize and go about their daily activities. Even the simple task of grocery shopping is being done online in an effort to curb the spread of the virus and protect each household.
This has led to companies wracking their brains for avant-garde solutions to this shift in the world market. Transmira, Inc. has successfully pioneered a technology that will pave the way for a while new online experience with experiential reality (XR) platform Omniscape, a combination of augmented reality (AR) and virtual reality (VR). And in order to further develop XR into something state of the art that people will use and love, Transmira has partnered with Kognition, a Philadelphia-based firm specializing in enterprise artificial intelligence (AI) technology for commercial property.
“We are very excited to announce today’s partnership with Kognition as part of our growing XR consortium of companies. With our Omniscape technology and XR platform, we bring location to life using AR and VR technology, AI-driven holograms, data visualization, interactive content, as well as unique monetization capabilities. This creates new revenue streams, engages consumers and completely changes the way we interact with each other, as well as with our work, play and social spaces. This is a tremendously important initiative that is set to change the face of cities all around the world, with game-changing potential for a variety of industries and use cases, as we build our planet in a more intelligent and sustainable manner,” Transmira founder and CEO Robert Rice said.
“The exciting part of integrating Kognition’s AI with Transmira’s XR technology is the opportunity for truly end-to-end digital transformation of a venue, as well as how users interact with and engage with the space. This holistic approach is the future of smart spaces and truly amplifies the power of our smart building AI, resulting in enhanced customer experiences, streamlined operations, cost-effective security controls and most importantly, safer spaces for people,” Kognition co-founder and CEO Matias Klein added.
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And this new and innovative XR technology is made possible with real estate on blockchain. In order to create a superior virtual world with lifelike 3D twins of real buildings and venues, the platform needs to be built on a technology that can accommodate big data and microtransactions. This is simply because this kind of application uses and generates a massive amount of data on a daily basis. Only the Bitcoin SV blockchain can support Omniscape with its infinitely scalable network that operates on a stable protocol, which is also cost-effective with an average fee of 0.0067 USD per transaction.
Omniscape is not just a virtual universe, it connects the digital world to the real world, and allows for users to earn money and businesses and brands to advertise their products and services. For a very small amount, users can buy real estate on blockchain and own it for two years. During this time, they can profit by developing it and reselling for a higher price or they can earn revenues whenever someone advertises or creates content on their virtual property.
“The idea is we want to make it easy for people to make money and kind of keep [the price] low and accessible. And you can speculate, like domain names, ‘I’m going to buy cool locations and resell them or I’m going to try and anticipate where the market’s going to grow, where people are, where the activity is,’” Rice explained.
With the two innovative companies leading the development of XR, it can be expected for real estate on blockchain to be a big hit in the very near future.