VirtualRealEstate (VRE)
Augmented Reality tied to GPS location.
A platform to keep registry of who owns the rights to upload AR content within parcels of area defined by permanent GPS location.
Buy, sell, trade and own parcels (squares) around the globe with VRE crypto-tokens, built on Ethereum.
One of the major changes coming along soon is Augmented Reality. Currently we just glimpse a little preview through our smartphone cameras, but eventually we will all have our smartglasses and headsets, and be so used to them and dependent upon them, we'll forget what life was even like before. Advertising will play a big role in the AR space. In AR ads will want to be more natural, that is to say similar to the physical billboards and small business signs we see today. There will surely emerge an entire Cambrian Explosion of AR killer apps to come, and an app store similar as today for smartphones. We think advertising in the context of your GPS location will be an important paradigm.
The primary quality of Real Estate is that it is finite, and no one can just create more. Other domains of this similar nature include say the Electromagnetic Spectrum and URL domains. The potential of these real-estate-like domains have always existed, but were only recently endowed with any value when technology progressed forward to unlock its use. Now what about the *Virtual* real estate that inherently accompanies every parcel of *Real* real estate around the world? It has existed all along as an abstract idea, but not for much longer. AR is the technology to unlock its value and potential now for the first time. In the same way that a land parcel has severable mineral rights, or water rights, or hunting rights, VRE proposes that your Virtual Estate will be another severable component in the real estate stack. The economists call this the Bundle of Sticks way of looking at the components of real estate, wherein each stick represents the *right* to do something, or to receive rents.
This virtual space would have real value for small businesses and users for purposes of displaying a shared view of Augmented content overlaid upon reality. If the local owner wishes to display favorable Ads, or just minecraft blocks or whatever their creative aspirations are - whatever they want their appearance to look like in AR space, they can have control of that. Or perhaps an owner wishes to prevent competitors from smearing over their physical space with negative content. Say Company B is adjacent to competitor Company C, and if simply no established 'ownership' of the rights to these spaces exists, what is to stop B from just smearing a "C sucks, so don't go there, come to B instead!" over C's Augmented Space, and thereby violating B's rights. So VRE believes companies and residences alike should wish to purchase, protect and own their rights to their virtual/AR spaces, and to have control over the content linked to their physical locations.
As people are walking/driving around with their smart glasses on full-time (and today merely through their smartphones' small camera-view), the content they'll see would be provided and created by the users who own those locations, and have uploaded to it. The objects seen would be scaled smaller in proportion to their GPS distance away, and directionality tracked by your headset's accelerometers and sensors to be displayed properly, as the user turns his head to look around. There should be a distance setting, beyond which the contents would be un-rendered into view, until you move closer.
The underlying Real Estate parcels all over Earth are of all varying sizes, shapes, and orientations. Therefore a resolution down to one square meter has been created for our grid of squares, to reasonably and sufficiently approximate any arbitrary property. Correspondingly there are a fixed number of 5.1 x10^14 total VRE tokens in existence, because there are 5.1 x10^14 square meters over Earth's surface. We anticipate the sheer number of 510 trillion small squares may take some time, and a crowd-sourced effort to coalesce together into the contiguous blocks of larger parcel-units they represent. But the small resolution is necessary, and in the long run will surely be worth getting it right at the beginning.
NAME: VirtualEstate
SYMBOL: VRE
DECIMALS: 0
TOTAL SUPPLY: 510 Trillion
Address:
https://etherscan.io/address/0xdb42e3666fdaa8751d310609bb3c5712d1a7946fWEBSITE :
www.VirtualEstate.EarthPromo video:
https://vimeo.com/252463842
