NexTech AR Solutions Corp (OTCQB:NEXCF) (CSE:NTAR) (FRA:N29) announced Wednesday that its recently acquired AiRShow app will have in-app purchases and ticketing capabilities beginning in early November.
The AiRShow app turns music artists into ‘live’ holograms that users can interact with, in their homes, providing an immersive and engaging augmented reality (AR) experience, the company said.
AiRShow’s new ticketing feature provides artists with a means to generate revenue, which NexTech will get a piece of, at a time when live concerts and performances have been made largely impossible due to the coronavirus.
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NexTech is also developing the capability to create virtual venues for events in the AiRShow app, which it expects to launch later this year. These venues will feature a real-time 3D environment, which the human hologram can be placed in, creating a totally new kind of immersive interactive AR music experience, the company said.
Ultimately, the plan is to offer live streaming of a human hologram as a feature in the AiRShow app, which the company believes opens the door to a new communication portal that could rival Facebook's Facetime, only in 3D/AR.
“With AiRShow, our goal is to make creating AR human holograms content easy, so that anyone can create their own hologram,” CEO Evan Gappelberg said in a statement. “We want AR to be for everyone. To that end, we are building the technology which will allow anyone with the AiRShow app to create their own human hologram of themselves in minutes, no special programming or green screen required."
“We see a global growing demand for human holograms beyond just music,” Gappelberg said. Imagine your favorite motivational speaker, actor, social media star, family member, friend or even politician beaming into your living room as a full-size human hologram on demand — we are not as far away from this capability as people might think. In fact, I beamed my own live hologram from Toronto to LA and it was a wow moment for me. I believe that human holograms can quickly become a multi-million-dollar business for us and as the technology advances, can disrupt entire industries.”
The rapid progress of the industry, coupled with the unique circumstances imposed by the coronavirus have put NexTech in a position to move swiftly.
“It’s a very exciting time for our AR business as the adoption of augmented reality is happening very fast, stimulating us to aggressively hire talent to ramp up our delivery of client projects as well as invest in and accelerate the development of our new AR capabilities,” Gappelberg said.
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