Photo - Phantasmic
35651

Phantasmic

Phantasmic

Ukraine, Kyiv city
Market: Virtual and Augmented Reality
Stage of the project: Prototype or product is ready

Date of last change: 27.02.2019
Min investment
$  50.000
Total required
$ 560.000
Rating
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Idea

Our product is a Mobile Application for a demonstration of the virtual objects in the real world with the use of AR technology. In future objects could be seen through the AR glasses or lenses.

Current Status

At the moment we have developed the platform to install virtual monuments and platform of the virtual land sale.
Already in March, our users will have the opportunity to upload their 3D objects.

Market

During the interview we’ve found 3 target groups, who are ready to use our AR services:
- Restaurants
- Real estate developers
- Advertising agencies

We propose an offer for free to add to their existing and newly created content augmented reality. To
At the moment, the representatives of this target group are all looking towards augmented reality - stopping the high cost of technology. We make it possible to update existing and newly created content using tags and QR codes almost free of charge. That will allow to gain a competitive advantage in its market segment.

For example: animate ( with use augmented reality) reality book covers or illustrations.

Problem or Opportunity

What are the reasons to use AR in the real world? This is a fast growing trend and many niches are starting to use AR in their business.
We have conducted more than 50 interviews and found out that the companies are not ready to pay for the development, but ready to pay monthly fee.

Solution (product or service)

Our goal is to make service for business and personal using that would allow to install AR objects in a real world.
Application is totally free, including objects’ placement.

Let’s describe the full range of opportunities:

For users: to buy the virtual land and automatically become an owner. No one except you can use this spot anymore.
For Designers/Modellers/Freelancers: our platform is a marketplace
There is any fee charged of the end user’s attracting.

Competitors

Here is the list of competitors, that have to some extent some similar traits with our ideas. The main fear that someone will outpace us faster than we will be ready with the improved technology. 
https://somniumspace.com/ 
https://decentraland.org/ 
https://ico.getachieve.app/ 
https://virtualland.ru/# 
https://www.arcona.io/ 
https://vibehub.io/ 
https://cryptocities.net/ 
https://superworldapp.com/

Advantages or differentiators

The main differences from competitors. Most importantly, you do not need to create an application for installing 3D objects - this is expensive. We offer free installation using our service and most importantly you can do it yourself.

Finance

We offer to use our service for free,
You can download augmented reality objects up to 100 MB for free
If there is not enough space to install your AR object, we propose you the subscription plan to install VR objects without any limits.
To become the sole (единственным) owner
we propose you to buy virtual piece of land and protect it from other person’s objects.

Money will be spent on

We are looking for from 560 thousand dollars to 1.5 for development and marketing (1 year):

18% Marketing & Advertising
50% Development
5% Staff
7% Leagal consulting and taxes
8% Office rent
12% Partnership

We have a short financial model for 4 years, which I can provide. Also with assets 2 assets, a platform for installing virtual monuments and selling virtual land. We also have a registered company Satoshi Nakamoto Republic Incorporated in BVI

Mentors & Advisors

Photos

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Website address

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