ImmVRse

ImmVRse is a marketplace for content creators, where brands will be able to hire them on the platform. The creators will be able to showcase their talent to the VR users, while advertisers can take the opportunity to promote their businesses to those users. ImmVRse token will be utilized as a form of payment, which will facilitate:

1. Using the currency in various jurisdictions, thus allowing users around the world to receive payment via the dapp
2. Trading in exchanges, resulting traders to purchase the currency
3. Settlements automated via blockchain and perform incentivized contracts that drive demand

Systemic problems within the VR/AR industry:

- Technology needs to catch up to deliver the user experience
- Customer cost of entry too high, but improving
- Need for more content

Problems around marketplace:

- Problems with the VR/AR marketplace being heavily moderated
- Difficult for new media creators to shine out from the crowd, reducing market creativity
- Banking and payment restrictions, resulting in slow payment for services
- Copyright protection
- Centralised model for approval of contracts & content, inflating cost and delays
- Centralised data storage increasing costs

Their Solution:

- Blockchain technology to automate payments
- Ability to create a wallet within seconds and use it to make and receive payments
- Decentralised model overcomes any local country specific hurdles, low transaction fees
- No requirement for a bank account
- A single global marketplace that addresses all challenges content buyers and sellers have with the current system
- Peer to peer smart contracts on Ethereum
- Decentralised Nodes, No Single point of failure for payments, data or contracts
- No central arbitrator restricting users
- Reduction of fraudulent activities, decentralized moderation of content
- Control and the power of sharing shifted towards the community
- Potential of using token via external payment merchants