OVR (OVR) is the cryptocurrency associated with the augmented reality metaverse platform called Over the Reality (OVER). OVER aims to blend the physical and virtual worlds, providing immersive experiences and opportunities for creators and brands to own and monetize their contributions to the metaverse ecosystem.

The OVER augmented reality (AR) metaverse combines the physical and virtual worlds, creating immersive experiences that bridge the gap between our physical and digital environments. It is built on the Ethereum and Polygon blockchains, allowing creators and brands to own and monetize their contributions to the OVER ecosystem.

With OVER, users can create unique geolocalized experiences, own AR metaverse real estate, map their local areas to earn OVR tokens, and explore Web3 capabilities. The platform supports real-time augmented reality, AI avatars, motion-captured interactions, and hyperrealistic NFT assets.

As of June 2023, OVER has attracted over 930,000 registered users, with over 860,000 OVRLand sold to over 30,000 unique wallets, making it a significant player in the decentralized AR ecosystem in Web3.

Over the Reality is an augmented reality platform that aims to create a decentralized world-scale AR metaverse. Here are some of its key features:

Decentralized Digital Layer

Overthereality.ai provides a decentralized infrastructure for the AR metaverse, allowing users to create and explore new experiences. It enables the integration of virtual elements into real-world locations through augmented reality.

OVRLands and Mapping

Overthereality.ai divides the world into 300 square meter hexagonal spatial domains called OVRLands, which are mapped one-to-one to actual geographic locations. Ownership of OVRLands, based on NFT (Non-Fungible Token) standards, grants control over AR experiences in the defined geo-location. Precise localization of AR assets to geographic locations is achieved through land mapping, bridging the physical and virtual aspects of the AR metaverse.

User-generated Experiences

Users can create their unique personal avatars using the Over app, allowing them to join the AR metaverse and participate in user-generated experiences. It opens opportunities for endless exploration, social interactions, and meeting new people within the AR metaverse.

Building Blocks

OVER provides building blocks for the AR metaverse, making it accessible. The Over SDK (Software Development Kit) allows builders to connect 3D assets, experiences, and play-to-earn games to the spatial domains defined by OVRLands. OVRLand Mapping and OVRLand Minting enable precise localization and ownership of AR assets while ensuring decentralization and compatibility with NFT standards.

Additional Services

The OVER metaverse offers various additional services and functionalities. These include treasure hunt SaaS (Software as a Service), Play-2-Earn games, VR/AR art galleries, photorealistic 3D avatars, AI avatars powered by NLP (Natural Language Processing) algorithms, live events with motion-tracking suits, and meta-commerce for showcasing products in the metaverse.

Davide Cuttini and Diego Di Tommaso founded the Over the Reality Metaverse. The duo published the projects whitepaper in January 2019, outlining their vision for the ultimate AR metaverse.

Overthereality.ai has also introduced features and updates through its roadmap. Some notable milestones include:

1. Map2Earn Alpha: This phase involved mapping and re-localizing experiences for 300 alpha testers.

2. Reserved OVRLands Farming: Users can stake their capital for 6, 9, or 12 months to earn additional benefits. They can bid on reserved auctions for special OVRLands.

3. Polygon Integration - OVRLands Minting: Overthereality.ai introduced a Light Minting functionality to address high gas fees. With the Polygon integration, OVRLands previously saved on Ethereum Merkle Proofs were minted as ERC-721 NFTs, increasing decentralization and enabling decentralized secondary markets, renting smart contracts, and NFT content linking.

4. Decentralized OVRLands Secondary Market: The OVER decentralized secondary market was deployed on Polygon, allowing users to list OVRLand NFTs on platforms like OpenSea and NFTrade automatically.

5. Avatar Body Standard - Open Source Avatar Clothing: Standard 3D male and female avatar bodies were introduced, allowing creators to build personalized NFT clothes for OVER Avatars.

6. Live Events Desktop Broadcaster - Full Body Motion Tracking: A desktop app for managing live events, offering support for multiple sound sources, Rokoko motion tracking suit, and participant moderation.

Unity SDK Alpha 0.0.1: The OVER Unity SDK Alpha enables integration of major 3D model formats, creation of interactions and animations, and utilization of physics directly from Unity.

The Over the Reality (OVER) metaverse could be an interesting crypto project to invest in. Heres why:

OVRs Unique Tokenomics

OVR has implemented a unique crypto-economic model that sets it apart from other projects. The Initial Bonding Curve Offering (IBCO) mechanism creates tokens when people buy and destroys tokens when people sell them back.

This continuous burning mechanism prevents token inflation if the price doesn't increase and reduces the token supply when the price decreases. The token emission through IBCO plateaus as the price climbs, ensuring controlled token creation. Additionally, the IBCO accumulates collateral, providing liquidity and stability to the token price movements.

OVERs AR Metaverse

With its focus on bridging the gap between the physical and digital worlds, OVR aims to unlock new possibilities for immersive play, socialization, and commerce. The increasing adoption and development of AR technology make OVR well-positioned for future growth.

Growing User Base of OVER Platform

OVR has gained traction with a growing user base. As of June 2023, there are more than 930,000 registered users and over 860,000 OVRLand sales to over 30,000 unique wallets. The increasing user adoption indicates a strong community and interest in the OVR ecosystem, which can contribute to the potential value appreciation of OVR crypto.

While we cannot provide a reliable OVR price prediction over time, several factors could influence price action and volatility in the Over the Reality token. These include:

OVERs Token Burning Mechanism

OverThereReality.ai (OVR) has implemented a continuous token-burning program. This burning mechanism reduces the token supply, making OVR tokens scarcer over time.

OVRLand Sales and Demand for OVR Tokens

OVR Tokens are continually consumed in OVRLand sales. Users purchase OVRLand and pay with OVR tokens, which then get subtracted from circulation. This ongoing consumption of tokens reduces the available supply, supporting the OVR to USD price.

OVR Trading Fees on Uniswap

OVR tokens are traded on decentralized exchanges like Uniswap. During the hype period, OVR generated substantial trading volume on Uniswap, and liquidity providers earned a percentage of the volume in fees. OVR commits to burning all OVR-denominated fees generated on Uniswap V3, reducing the token supply.

OVR is the native token of the Over the Reality (OVER) metaverse ecosystem and has the following functions:

Own NFT Lands in OVER Metaverse

You can stake their claim in the OVER ecosystem by buying, selling, or renting OVRLands, spatial domains in the AR Metaverse mapped to actual geographic locations. Ownership of OVRLands, based on NFT standards, grants control over AR experiences in specific geo-locations.

Access Play-to-Earn Games in Over the Reality

The OVR token lets you create Play-to-Earn games within the OVER Metaverse using the Unity Plugin SDK. It also serves as a form of exchange within these games.

Stake OVR to Earn Rewards

You can stake OVR and earn compounding daily interest. The longer the staking period, the higher the total yearly return. Stakers participating for 6, 9, or 12 months may also accumulate credits to acquire Reserved Lands through auctions.

Trade or HODL OVR

Trade OVR token on the BYDFi Spot Market against other crypto assets to profit from changing market conditions and volatility. Buy or sell OVR or hold it long-term if you believe in the future potential of Over the Reality. Cryptocurrency markets can be volatile and subject to various external factors, so remember to DYOR before entering the market.

You can engage in various activities and experiences within the OVER augmented reality (AR) metaverse, such as:

Create Geolocalized Experiences

The decentralized digital layer of OVER allows users to create unique geolocalized AR experiences, merging the physical and virtual worlds. You can stake a claim and become a content creator in the metaverse by buying, selling, or renting OVRLands. OVRLands are spatial domains mapped to actual geographic locations, and owning them grants you control over AR experiences in those locations.

Explore the OVER AR Metaverse

Join the AR Metaverse by creating your personalized avatar using the OVER App. With your avatar, you can dive into user-generated experiences, explore virtual environments, and interact with other users.

Build and Offer AR Experiences in the OVER Ecosystem

OVER provides an SDK (Software Development Kit) that allows builders to connect 3D assets, experiences, and play-to-earn games to the spatial domains defined by OVRLands. This expressive tool empowers creators to develop their own AR content and contribute to the growth of the metaverse.

Stake OVR and Earn Passive Income

You can stake $OVR to earn compounding daily interest and additional benefits. By staking your OVR tokens for specific lockup periods (6, 9, or 12 months), you can accumulate credits to participate in Reserved Land Auctions and acquire special OVRLands.

Participate in P2E Opportunities

Play-2-Earn games within the OVER Metaverse are made possible through the Unity Plugin SDK and the OVR token. These games allow users to earn rewards and tokens while enjoying immersive gaming experiences.

Showcase Your Art in OVERs AR and VR Galleries

Artists can create their own VR/AR Art Galleries on OVRLands, allowing visitors to explore and interact with their works of art worldwide. Artists can also connect their artwork to marketplaces using hyperlinks.

Attend Live Events in Over the Reality Metaverse

OVER hosts live events where entertainers in the metaverse can perform while wearing motion-tracking suits. Their facial expressions and body language can be streamed into OVER, allowing thousands of spectators to interact with them.

OVER has established partnerships with several established businesses in the crypto and mainstream industries, including BYDFi, Chainlink, Polygon, Decentraland, BlackPool, ICONIUM, imToken, My Neighbor Alice, Tencent, and Balmain Paris X Space Runners.