Virtual Reality (VR) is one of the most groundbreaking technologies to come from the tech industry in recent times. So far, its application is limited, but now new startups are using this tech for a variety of purposes that will shape different industries in the future. E-commerce and various marketplaces are expected to be completely revolutionized with this tech, transforming the whole user experience in the buying/selling of goods. ViMarket, a new decentralized 3D marketplace, aims to utilize developments in VR in their new e-commerce platform.
ViMarket allows individual users to create and share Virtual Reality-based experiences of their products and services. They support a wide-ranging set of devices that the buyers and sellers can use for e-commerce activities. The VR technology used by the new startup can be utilized in online games that offer unrivalled confidence and value to users, as they can subsequently use it to make purchases much more effectively.
Users can create interactive, photorealistic VR simulations that are easy to make and propagate, regardless of their level of expertise in the field. We have seen how VR-based platforms can be increasingly difficult to operate by users, and the untrained are often not able to harness its true potential. By making the whole process easy and universally available, users can showcase their products or buy them at a whole new level. Currently, the focus of the ViMarket platform is on interior designing and real estate sectors.
Since both of these sectors are ideal for a VR-based platform due to its unique personal application, there is going to be a lot of interest in their tech. The company aims to make headway into fashion and clothing, automotive sectors, and eventually all e-commerce sectors. ViMarket will eventually ask backers to become “visionaries” in this industry and embrace this creative movement that is going to change the way we buy things online. The native currency is called ViToken, and its pre-sale has already been announced.
The platform can simulate the design and appearance of products in a virtual environment before users can purchase the actual physical product, which is called the “Real-Life product.” Using extremely simple tools, visionaries can create virtual environments in which products can be experienced and even compared with other products in the genre. This will help scale down the “shopping cart” abandonment that costs e-commerce industries $6.2 trillion annually.
But where does the native currency come into the equation? The virtual currency can be used to buy the virtual versions of the product online for the purpose of viewing/setting them up for other users or the visionaries themselves. This virtual “try before you buy” experience is a revolutionary idea to say the least, and it might end up making the entire retail industry and showrooms obsolete one day. It is because who would go the shop when you can try the product virtually at home and then order it online.
Kant Jain, Chief Visionary and Director of ViMarket, believes:
ViTokens, therefore, are exponentially more valuable than their cost to shoppers who are seriously considering purchasing an item.
ViMarket will hold an ICO to fund the development of its revolutionary platform. The pre-sale of the new ICO will start on December 7th, 2017. Total coin supply will be 250 million, and the number of tokens available during the ICO will be 180 million, with 70 million remaining for the founders, advisors, and bounty awards section. The main ICO will start from January 7th and end at the end of the month.
ViMarket is a 3D marketplace that allows users to create and share virtual reality (VR) experiences, using any device connected to the Internet. These creations can be personal or for business and are created using ViMarket’s proprietary editor which allow users to create interactive, photorealistic VR simulations with no professional experience or training. Currently, the company is launching focusing on the real-estate and interior design space but is expanding quickly to include fashion, automotive, and ultimately all e-commerce verticals.
Visit the ViMarket Website: http://www.vimarket.io
Images courtesy of ViMarket.