NEXT Hottest Thing In Crypto (The Rage for NFTs is OVR in 2021)

we told you last year in october that nfts were going to be the next big thing following the nft trend blockchain-based gaming platforms are sure to be a focus of many crypto users today we're entering the realm of ovr reality next frontier crypto projects let's get it bid swap is the hottest new way to trade tokens probably all the top decentralized exchanges bitswap gives you the very best price and value for your trades bit swap is changing the game try it now at bitswap decks dot io welcome to bitboy crypto the largest crypto channel in all the interwebs my name is ben every day on this channel i show you how to make money in cryptocurrency if you like money and crypto then make sure to hit that subscribe button in this video we're going to be discussing a massive project in the vr space ovr many people have suggested i look at this one and i have to say it's quite intriguing recently the ovr team actually reached out to me and said they would like to support the channel so thank you to ovr for sponsoring this video we got a lot of requests to cover this one anyways ovr is a virtual augmented reality based platform which allows its users to experience everything from hanging out with friends partying to traveling to specially designed landscapes like ancient egypt leon cathedral or bagan valley of temples much more the ovr platform is live and you don't have to wait to try it out you can download the app on your ios or android powered device check out the eye candy according to the international data corporation the ar sector will reach 137 billion dollars in 2024 ovr is the decentralized platform for the spatial web built for visualization with innovative geo-localized ar and vr experiences ovr provides all the tools to build host and visualize geo-localized ar and vr experiences the use cases include gaming live events virtual retail real estate tourism avatars marketing and many more the use cases are endless for ar and vr ovr is based on nft's geo-localized ar vr utilizing a system to assign controlled geographic locations ovr has divided the world into 1.6 trillion hexagons of 300 square meters called overlands creating a digital layer on top of the physical world each ovr land is an nft on the ethereum blockchain based on the erc721 standard similar to the web and ovr if you own any ovr land you control a spatial domain you'll be able to decide what arvr experiences will appear on that geographic location with an ovr's platform yes the entire land is customizable according to the team so what do they mean by geographic locations using geographic localization in the app allows a pokemon go style treasure hunt which a team says has thus far been a huge success so much so that they had to limit the amount of discoverable treasures to one per day to avoid selling pressure the team says that people physically went to 153 000 locations to collect tokens pretty impressive but perhaps you don't want to experience virtual worlds and you just want to make money stake to ipfs ovr nodes and earn up to eight percent apr by staking you can also earn by providing liquidity on unit swap and earn by buying and selling land nfts inside of ovr at the time of this video almost 28 000 ovr lands have been sold in less than three months let that sink in circulating supply is around 14 million and the price is also doing pretty well and the overall market cap is coming in at about eight million dollars super low we take into account the market cap of comparable similar projects such as decentraland and sandbox which if ovr can reach the market cap of 485 million dollars that's a 60x from where ovr is currently at ovr is live and has over 100 000 downloads with over 3 500 users according to the team it's important to note the ovr didn't hold a traditional ico instead they held an initial bonding curve offering or an ibco which is ongoing the ibco model was pioneered by projects such as avegachi and ibco solves many issues with icos such as lack of accountability lack of liquidity and price discovery mechanics for the token because of this ovr has very unique to economics interestingly with an ibco the number of tokens created by the ibco decreases exponentially with the increase of the price of the token you can see this chart on the ibco emission schedule there's two million dollars worth of liquidity reserves in the ibco and that includes both the primary and secondary market this allows the token holder to not only buy the token but enables users enough liquidity to sell allowing the liquidity to protect the price of the token in case of selling pressure additionally by being in dye a stable coin token is not exposed to eath price fluctuations and volatility further the liquidity is controlled by a dow under the aragon framework the team cannot withdraw more than fifty thousand dollars a month from the reserve the prize of ovr will be chosen following the bancor formula bonding curve and therefore the price will depend on the number of tokens in circulation meanwhile 1.5 million tokens are in staking with almost 800 thousand dollars of value now as a side note ovr has two tokens the ovr token and the ovr nft land token which gives ownership of plots of land within the ar experience this one has a super low market cap and if it has the same success as the central land or sandbox this could be huge the next moonshot as always do your own research we certainly did ours we'll leave you guys with one of ovr's promotional videos showing how advanced its ar platform is and all the cool things you can do in augmented reality do you believe ovr is the next project to moon or is vr overrated let me know down below in the comments that's all i got be blessed enjoy this video bit boy out if you like the idea of travel and exploration but would rather do it from the comfort of your own home ovr offers you the perfect weekend getaway and allows you to discover new things around the world and try amazing augmented reality experiences from bagon valley of temples to lyon cathedral and even time travel to ancient egypt this amazing app will take you where few have gone before download ovr app now [Music] you

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