- Nextech AR Solutions’ (NTAR) ARway’s Spatial Computing technology is now being used as part of the XR engine powering the music app, Encore.
- This application of ARway’s technology is providing entirely new revenue opportunities
- Using ARway’s software development kit (SDK) within the Encore app, artists can create immersive concert experiences for fans
- Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals
- Nextech (NTAR) opened trading at C$1.02
Nextech AR Solutions’ (NTAR) ARway’s Spatial Computing technology is now being used as part of the XR engine powering the music app, Encore.
This application of the ARway platform opens up a substantial new market, providing AR spatial activations for the music industry. While the company is focusing its spatial computing platform revenue generation towards AR wayfinding, it is finding applications of its technology in additional markets that are opening up new revenue opportunities.
Nextech AR CEO Evan Gappelberg commented on the news.
“With ARway, not only do we have a substantial market with indoor AR wayfinding, but there are many other markets that we monetize, such as the music industry. Encore is a perfect example of ARway’s adaptability to different industries and types of activations.
With Encore, we have opened up a completely new market for ARway in the music and entertainment industry, driving new revenue potential for the platform. As we move forward with Web 3.0 and the real-world Metaverse, our spatial computing technology will only get more robust and continue to push into new industries and new markets, driving towards even more revenue potential.”
ARway will begin trading on the CSE on Wednesday, October 26, 2022, under the ticker symbol ARWY.
Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals.
Nextech (NTAR) opened trading at C$1.02.
