Over is a Polygon-powered, open-source, AR metaverse platform. The virtual reality world allows users with a mobile device or smart glasses to experience interactive augmented reality in the real world.
WHAT IS OVER (OVR)?
Over (OVR) can be defined as the new standard in Augmented Reality (AR) experiences. The platform places itself as a metaverse where users can have experiences based on a geographical position.
Over is focused on the growth of AR technologies and introduces the following innovations to the metaverse industry:
– Development of a decentralized open-source ecosystem managed by the community.
– Buying and selling of digital assets with the platform’s native token
– Development of a combined tracking system that uses GPS, computer vision algorithms, and the inertial system onboard the users’ device to bring a new state of the art indoor and outdoor AR experience.
– The use of an IPFS like protocol to decentralize storage of 2D/3D assets by making the entire platform independent and remuneration of nodes that share their storage space and bandwidth.
HOW DOES IT WORK?
OVR fuses reality and virtual reality in the same space using AR technology to create a new dimension, a new media space, and a rapidly growing market. The platform is based on 3 main layers:
1. OVRLand Ownership
The Over world is mapped 1-to-1 to actual geographical locations which are divided in 300sqm hexagonal Spatial Domains. Ownership of OVRLands NFT grants control on AR experiences in the defined geo-location.
2. OVRLand Mapping
Land mapping allows for precise localization of AR assets to geographic locations creating a bridge between the physical and virtual world. OVR Mapping is a community-driven activity called map2earn, where mappers will generate NFTs representing OVRMaps of OVRLands which then become valuable digital assets that can be exchanged in the platform’s marketplace.
3. Over SDK
Over (OVR) open-source capabilities allows builders to use software development kits (SDK) to connect 3D assets, experiences, and play-to-earn games to the OVRLands. The ecosystem offers two versions of the publishing software: a no-coder web builder and a Unity 3D Plugin.
The Over (OVR) Community is categorized as follows:
Who uses OVR token to purchase virtual lands (OVRLands) and create an AR experience (OVERExperience) on their land
Who creates the 3D digital experiences (OVERExperience)
Who activates an OVR Node
Who uses the AR experience
Who uses OVR token to publish sponsored AR elements on OVRLands
Who uses OVR token to stake and vote for IPFS OVR Nodes
The Over (OVR) ecosystem is underpinned by a grid of hexagons covering the whole of earth’s surface. These hexagonal grids are called OVRLands, and have specific geographic positions on the world map. There are over 1 trillion OVRLand parcels and each parcel is 300 sqm in size.
OVRLands is the fundamental digital asset in the OVR metaverse that will enable the community to generate economic incentives for development and growth. Over (OVR) owners can purchase OVRLands as an NFT token which will be powered by the Polygon network which allows for decentralized and censorship resistant property rights. Land owners can create customized AR and VR experiences within their lands to generate income in the platform’s native OVR tokens.
PRIVATE UTILITY LAYER
OVRLand is the fundamental layer as it underpins the existence of the economic incentives of the ecosystem. The space is defined as a Private Utility Layer. Over aims to become the industry standard for decentralized AR platforms by allowing users to create private contents with a public scope on their OVRLand.
PUBLIC UTILITY LAYER
There are contents that have public utility but cannot be created and maintained by private OVRLands owners, like information on public buildings and services, infrastructures or public institutions. This is the reason OVR has created the Public Utility Layer, which will coexist with Private Utility Layer but will not be owned by any entity.
The Over marketplace facilitates the supply and demand for every digital asset that can be traded on the platform. The decentralized marketplace uses OVR tokens for transactions and facilitates services such as:
1. Buy, rent and sell OVRLands
2. Buy and sell OVRExperience developed using Over SDK
3. Promote products using the Over Advertisement
Over uses various technologies to bring its virtual world to life:
1. Persistent AR experience and shared experience
Using Persistent AR, users will be able to relive the same real world experience in Augmented Reality.
2. Over Geo positioning and tracking
Over aims to make users live various AR experiences depending on where they are located. For this reason the application makes use of the users’ device GPS data to track their geolocation and match it to the OVRLand coordinates.
3. Over SDK and Unity 3D
Contents on OVR are developed using Unity 3D and the Over SDK permits developers to use various functionalities of the ecosystem.
4. Over Land Mapping
The OVRLand mapper is a community member who generates 3D map of an OVRLand by taking pictures of its physical location.
5. IPFS and Over Node
Over assets are hosted by OVR Nodes powered by a P2P IPFS protocol ensuring decentralized storage. In the first phase, there will be 10 master nodes located in different geolocations.
6. L2 Scalability
The Over ecosystem is deployed on Ethereum’s layer 2 scaling network, Polygon, to increase scalability and reduce transaction costs. NFTs representing OVRLands will be minted on the Polygon network.
7. Over Assistant
The OVR Assistant is a 3D human avatar that uses artificial intelligence, speech recognition and speech synthesis to give information. Its neural network will be trained on Wikipedia corpus and a programmable knowledge managed by the OVRLand owner.
OVR is the native token of the platform and acts as the medium of exchange for the ecosystem. Being an ERC-20 token, OVR can easily integrate with existing Ethereum wallets. The token is used to:
– Purchase, rent or sell OVRLand
– Stake for nodes and liquidity mining
– OVRLand Mapping incentivization
– Buy items on Marketplace
– Pay OVRCreator to build a unique experience
OVRLand is an NFT that represents ownership of the platform’s virtual lands.
A 5% transaction fee is applied OVR the exchange of OVRLand, Over Content and Over Publisher NFTs.
IPFS Private Utility Asset Hosting Fees
AR and VR assets placed on OVRLands will be stored on the IPFS storage network. Nodes hosting the assets are remunerated with OVR tokens by the land owners. Placing private utility assets on OVRLands will have a cost of $1 per month which is paid in OVR tokens.
Each land has a cap of 100Mb, with half of the collected tokens used to remunerate IPFS service providers and the other half to remunerate the network maintainers, platform developers and to constantly expand user-base.
NODES AND STAKING
Over is based on two main protocols, Polygon and IPFS. While Polygon is the base layer that allows for ownership of OVRLand and the circulation of OVR token, IPFS allows for decentralized storage of the OVR Experiences.
To deliver the AR assets, bandwidth, and low latency to the final user, OVR has designed an incentive system for the Over Nodes, IPFS maintainers and stakers.
In order to operate an OVR IPFS Node, the minimum staking requirement is 500,000 OVR. Token holders that don’t operate an Over IPFS Node will be able to vote for their preferred node by staking their tokens with the Node.
– Nodes will be incentivized by two metrics:
– The number of OVR tokens directly and indirectly staked to the node
The resources deployed by the node in terms of bandwidth and latency
Rewards granted to Over Nodes for the first 3 years will be 6% APR for their staking plus a bonus depending on their ranking position. Rewards granted to Over (OVR)Voters/Stakers for the first 3 years will be 5.5% APR.
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