The largest independent app store and one of the biggest influencers in the Virtual Reality (VR) and Augmented Reality (AR) industry, WEARVR has announced its plans to integrate blockchain technology on its app platform and launch a cryptocurrency called Weave. As the only completely independent app store that serves the community in this ecosystem, WEARVR is well positioned to make its blockchain strategy a success.
WEARVR has detailed and ambitious plans for Weave, including the integration of the cryptocurrency into its existing centralized app store, already with over 3m downloads, as well as the creation of a decentralized app store operated in parallel. WEARVR also plans to launch a crowd-funded content creation platform, enabling users to fund new apps and share in profits, along with a virtual goods exchange exclusively serving the VR and AR markets.
Unlike the vast majority of other ICOs, WEARVR is conducting a reverse ICO, meaning they have an existing business and ecosystem ready-built to start using Weave. This greatly sets them apart from other ICOs that do not have an existing business and are simply promoting an idea and a whitepaper.
WEARVR has recently completed a private sale process and is now offering a 30% discount on Weave purchase via a pre-sale, running through to Dec 31st.