Virtual Reality platform ImmVRse have announced a new partnership with blockchain marketplace Origin Protocol. The move will see improved security and a shortened development lifecycle for the creative platform, and a new market offering with enormous upside potential for the technology company.
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The London-based ImmVRse offers a decentralized digital Virtual Reality (VR) content sharing platform for brands looking to utilize VR technology and link them with content creators in a convenient way. The platform will allow VR content creators, brands and advertisers around the world to inspire, collaborate, and produce some of the highest-quality VR content available online.
ImmVRse is backed by a diverse collection of experts including IT Management, VR, computer security and blockchain development. Unlike centralized platforms that risk server downtime and data hacks, ImmVRse aims to develop a distributed application that will offer a cryptographically secure process to encrypt sensitive user data, and index information on decentralized nodes using Interplanetary File System (IPFS) gateway.
Origin Protocol is a technology company from San Francisco, backed by the renowned Pantera Capital, that is building a sharing economy free from intermediaries. Its core belief is lowering transaction fees, reducing censorship and regulation, and giving early participants in the community a stake in the network. It empowering developers and businesses to build decentralized marketplaces on the blockchain. These marketplaces will permit blockchain startups to redistribute the control of information to its users. This sharing economy marketplace, allows buyers and sellers of fractional use goods and services to transact on a distributed open network.
ImmVRse has goals to become one of the largest decentralized creative platforms enabling VR content. VR creators will be able to showcase their talents and offer their services to a worldwide audience using a smart contract based peer-to-peer system. Using Origin Protocol’s open-sourced platform built on the Ethereum blockchain and using HTML and JS, ImmVRse can deploy these functions with ease and the improve the development lifecycle period. Farabi Shayor, Co-founder and CEO sees the partnership as mutually beneficial and that it could be a longstanding strategic partnership.
Farabi believes that the partnership will also enable ImmVRse to collaborate with the Origin’s engineering team and build their proposed autonomous platform. Building on Origin, ImmVRse will enable VR content creators and users to secure their assets, assist in shifting control of the economy to its users by creating a decentralized moderation platform, and offer benefits to a largely untapped world market. Coleman Maher, Partnerships at Origin Protocol. Farabi believes that this is just one of many exciting partnerships that will extend the offering of marketplaces and applications that will utilize their technology.
For ImmVRse, preparations are underway for their crowd sale with the Pre-Sale announcement due at the end of April for their native token IMV. A 20 million token hard cap has been set with IMV is currently valued at $0.20 US. There is a maximum token supply of 300 million tokens. Origin Protocol are looking forward to their own ICO with details coming soon, stay in touch on their website. Around the same time, they will be releasing a Beta version of their platform.