XR WEB: Extended Reality (XR)

XR Web is a decentralized protocol developed by Gofind for augmented reality applications with geolocation support and a reward distribution mechanism. XR Web is built on the blockchain, and users can connect to the XR network through various XR applications, and developers can use it through the XR SDK. Gofnd and Oracle-D are working on this project to add a new dimension to how applications are built on the blockchain for Web 3.0.

Augmented reality is the first technology to move people and objects in time and space. Immersion experiences can benefit many industries, and we believe that augmented reality can change the fundamental importance of “location” for society.
Many predict that augmented reality is the next wave of the Internet — and that means devices with augmented and augmented reality capabilities. Most industries are extremely optimistic about the potential of augmented reality. According to Goldman 6 Sachs, augmented reality will not only outgrow the virtual reality market, but also turn into an industry worth 80 billion dollars over the next few years.

Extended Reality (XR)
Just like the evolution of the Internet with each progression appearing more advanced in terms of features and interaction capabilities than the prior, Extended Reality is borne out of its early predecessors — Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Augmented Virtuality (AV).
Extended Reality (XR) - It is a more robust and interactive version than its predecessors, as it combines the features of these technologies to create a richer and interactive world where both physical and virtual elements can interact, providing an unprecedented degree of immersion.

As with any technology, Extended Reality is burdened with challenges which hinder mass adoption. Virtual Reality, Augmented Reality and Mixed Reality are limited by factors which have not created the global appeal needed for wiwide-scaleenetration.
Although elements of Augmented Reality are applied in the everyday social media apps such as Instagram and one of the most successful AR - Pokemon Go! (game)/

The following are the challenges facing these technologies:.
• The lack of limited contents for consumers of this technology
• The high cost of acquiring the not so user-friendly gears needed to experience artificial realities are some of the challenges facing the business of artificial realities.
• The relative ease of using VR gadgets.
• Lack of standardization and optimization still plays a crucial role in hindering the growth of the industry.
• Usage of the technology has not expanded to other use cases that are immediately applicable, such as retail shopping 15 and orientation of location
• Benefits of this technology to close geographical distances are not used to its full potential. For example, home buyers can use the technology for home viewing.

The Solution Statement
In ensuring a simple, low cost and easily affordable immersive experience for every member of the XR (AR/VR) world, XR WEB project team have created a new way to experience and touch the fabric of a new reality via the Extended Reality Web Network.
XR Web is pioneering the development of this augmented reality layer of the internet and is building the core platform tools and infrastructure. The XR Web is built on the blockchain powered by XR Token, a virtual currency that is used to register real estate and also trade on the marketplace.
The goal is to allow users to create real economic value in a parallel world, with little or no difficulty in moving that value between XR Web and the real world, as they please.

How XR Web Works
Developers build XR apps on XR network using XR WEB suite of development tools enabling them to publish either on web or mobile or both.

The XR Web project provides for a new version of Web 3.0 built around:

• AR / VR support
• Exchange of awards based on cryptocurrency with content creators
• Location and spatial awareness.

XR Web works by allowing anyone to build XR Apps on the network exploiting the vast array of development tools available on XR Development Suite. Content Creators also develop contents for consumers to consume. The fees generated from the use of the platform/network is therefore distributed amongst network participants and XR stakers. XR Web allows users to purchase and lease lands on the XR digital space and command real economic benefits from it.
Below is the detailed workings of the XR Web Network.

1. Developers build XR apps on XR network using our suite of development tools enabling them to publish either on web or mobile or both.
2. XR apps are communicated widely into the community for ready users
3. Transactions happen on XR Web using the XR token which is registered in XR Network by geolocation
4. Holders stake XR tokens on XR Web qualifying them to receive XR tokens from various sources based on their holdings and staked amounts.
   
   TOKENOMICS
   The XR Web Network economy will be powered by the XR Token. This Token will facilitate the exchange of value between the various parties within the network. The goal is to create real economic value in a parallel world thus allowing anyone to move that value between XR Web and the real world as they deem fit.
   • XR Token can be staked by XR token holders against a geolocation technology via our PoGS (Proof of Geo-Stake) technology built into the XR Web Network
   • Commercial activities on the XR Network are effected through the XR Token. All parties to the network are rewarded via the XR Token.
   • XR Web collects a network rewards of minimum 0.1% on all economic transactions on XR Apps via the XR Token. Developers can offer to increase the rewards to XR Web on their discretion to attract more users from the community.
   
   

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