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Glossary

Augmented Reality (AR)

November 21, 2023 - Around 2 mins mins to read

Understanding Augmented Reality (AR)

Augmented Reality (AR) is a system that combines the real and virtual worlds, allowing for real-time interaction and precise 3D registration of virtual and real objects. Unlike virtual reality, which replaces the real-world environment with a digital one, AR enhances or alters a person’s experience of the world without completely replacing it.

AR plays a significant role in the blockchain world, particularly in relation to NFTs (Non-fungible tokens). NFTs are unique digital assets built on blockchain technology. Unlike other virtual currencies, NFTs cannot be replicated or traded for an equal value. They are comparable to one-of-a-kind items like Pokemon cards or specially minted coins.

NFTs can encompass various digital items such as music, movies, pictures, or even tweets.

AR NFTs incorporate AR elements and features, allowing users to visualize digital items in their surroundings or on their face/body. In contrast, regular NFTs are simply representations of art pieces or moments in time, such as photos or movies. 3D NFTs are digital items that can be viewed through augmented reality or other technologies.

In other words, AR NFTs and 3D NFTs offer virtual reality experiences that can be shared through AR-enabled websites or applications.

Artists, auctioneers, and merchants can all benefit from AR NFTs and 3D NFTs as they open up new revenue streams. Additionally, AR NFTs eliminate the need for intermediaries, allowing artists to directly interact with their audience. Unlike physical goods, digital collectibles are software, which means that when an NFT is resold, the original developer can receive a royalty.

Creating your own NFTs does not require extensive technical or crypto knowledge. There are numerous NFT markets available that make it easy to transform your artwork or creations into NFTs.

On the other hand, developing an AR NFT or a 3D NFT can be more challenging as it involves integrating visual signals to make the digital object appear in the real environment. However, AR NFTs have the potential to be more profitable. In a market where regular NFTs are becoming oversaturated, offering immersive experiences that can be shared with others is a surefire way to stand out.

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Coincu

Glossary

Augmented Reality (AR)

Understanding Augmented Reality (AR)

Augmented Reality (AR) is a system that combines the real and virtual worlds, allowing for real-time interaction and precise 3D registration of virtual and real objects. Unlike virtual reality, which replaces the real-world environment with a digital one, AR enhances or alters a person’s experience of the world without completely replacing it.

AR plays a significant role in the blockchain world, particularly in relation to NFTs (Non-fungible tokens). NFTs are unique digital assets built on blockchain technology. Unlike other virtual currencies, NFTs cannot be replicated or traded for an equal value. They are comparable to one-of-a-kind items like Pokemon cards or specially minted coins.

NFTs can encompass various digital items such as music, movies, pictures, or even tweets.

AR NFTs incorporate AR elements and features, allowing users to visualize digital items in their surroundings or on their face/body. In contrast, regular NFTs are simply representations of art pieces or moments in time, such as photos or movies. 3D NFTs are digital items that can be viewed through augmented reality or other technologies.

In other words, AR NFTs and 3D NFTs offer virtual reality experiences that can be shared through AR-enabled websites or applications.

Artists, auctioneers, and merchants can all benefit from AR NFTs and 3D NFTs as they open up new revenue streams. Additionally, AR NFTs eliminate the need for intermediaries, allowing artists to directly interact with their audience. Unlike physical goods, digital collectibles are software, which means that when an NFT is resold, the original developer can receive a royalty.

Creating your own NFTs does not require extensive technical or crypto knowledge. There are numerous NFT markets available that make it easy to transform your artwork or creations into NFTs.

On the other hand, developing an AR NFT or a 3D NFT can be more challenging as it involves integrating visual signals to make the digital object appear in the real environment. However, AR NFTs have the potential to be more profitable. In a market where regular NFTs are becoming oversaturated, offering immersive experiences that can be shared with others is a surefire way to stand out.

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