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OVR originated as an open-source, Ethereum-based augmented reality platform that allows users of a mobile device or smart glasses to engage with the actual environment through augmented reality experiences. The platform has lately included the notion of metaverse, as it intends to construct a community version of the 3D virtual world to compete with Meta, formerly known as Facebook, which imposes its own version.
OVR proposes a new standard in augmented reality experiences by portraying itself as the first content browser in which users do not choose content. But instead the world submits possible experiences to them based on their location.
Users can simply produce 3D content in the metaverse using OVR, own the area where the content as a NFT, and place it anywhere in the world. In order to accomplish this, OVR is constructing a worldwide nation represented by an open AR metaverse powered by Web 3.0.
750,000 OVRLands sold.
The OVR layer, which corresponds to the physical world, went live a year after the project’s inception. And has since sold over 750,000 OVRLands.
To present, there are around 8,500 OVRLands owners, indicating that the project is rapidly growing. Moreover, it has grown to half the size of Sandbox, one of the most popular metaverse projects.
OVR’s popularity has skyrocketed in recent months, as more AR and metaverse aficionados see the immense importance of this environment. To meet up with rising demand and activity, the platform has decided to solve the issue by migrating to Polygon. The process will begin in January.
To transfer ERC-20 tokens from Ethereum to Polygon and vice versa, OVRToken holders can use the official Polygon bridge. The OVR user interface will remain unchanged following this move. Users will be able to purchase OVR tokens on Ethereum, Binance Smart Chain (BSC), and Polygon in the primary market.
Polygon uses sidechains to connect blockchains and decentralized applications (DApps) to Ethereum. Transactions are settled instantly when utilizing Ethereum via the Polygon layer, and gas rates are close to nothing.
OVR’s decision to shift to Polygon is likely to hasten the expansion of its metaverse network. Which is currently expanding quickly.
Source: https://metanews.com/ovr-is-a-decentralized-augmented-reality-project-based-on-nfts/
