The Ecosystem is designed to pull together the whole VR/AR community and fueled with Cappasity Token (CAPP) – a digital payment vehicle that will facilitate AR/VR/3D content exchange among the Ecosystem participants from all over the globe.

Phase 1 of Cappasity’s ICO has received wide public support  –  over 13,000 people registered on the crowdsale portal – and now is over. As of now, CAPP tokens can be purchased only via the Cryptopia exchange.

Over the last years 3D technologies have been developing very actively. Goldman Sachs expects the software VR/AR market to achieve $35bln by 2025 with 60% of VR/AR software revenue driven by the consumer.

Today the range of 3D technologies’ applications has significantly expanded. They are in high demand in entertainment, e-commerce, art, education, medicine, and some other industries. The public’s interest in these technologies is constantly growing.

VR/AR technologies would have taken off even more rapidly if it weren’t for a small problem: production of 3D content is a slow, labor-intensive, and expensive process. In addition to this, the quality of today’s content often leaves much to be desired, and not every company can afford to use such content anyway. Luckily, these concerns are taken care of by Cappasity’s blockchain-based platform…

Let’s take a look at the scheme:

The Cappasity Ecosystem is a global environment for content production and exchange, which helps creators and consumers from different parts of the world easily find each other and anything else they might need.

Participants of the Ecosystem – content makers, application developers, businesses, and ordinary consumers – will be able to easily create, store, rent, and sell AR/VR/3D content. They will be exchanging two main types of products – content itself and applications for its production.

The Ecosystem developers have also created a “sandbox” – an environment where one can test the content before buying it.

The community members will be provided with a wide range of special tools for content production – tools that allow for fast 3D digitization of objects and simplify uploading 3D content to websites, mobile applications, and VR/AR applications. For example, the Ecosystem creators have released the first version of Cappasity’s mobile application that will allow users to perform 3D shooting with their smartphone cameras in the near future.

Developers will also have an opportunity to use free API and SDK. In addition, the platform features are designed to be open to other developers using Unity, Unreal Engine, and Apple ARKit technology. Expansion of tools and capabilities that will be available for the users is still in progress.

Once the Ecosystem is launched, the developers plan to stimulate its further development. To support content production, they have established two endowment entities: The Cappasity Innovation Fund and Reward Fund. The most talented 3D creators and content software developers, as well as active moderators and members of the community, will be incentivized from these funds.

A new cryptocurrency, Cappasity Token (CAPP), is used as the payment unit within the Ecosystem, with all payment transactions being conducted in CAPPs. Tokens can be used to pay for platform services, 3D content database subscription, 3D content purchase at a seller’s price (for the content that is not included in the base), and 3D content rent for commercial purposes.

CAPPs can not only be purchased but also earned within the system by uploading unique 3D content, verifying and moderating the content, as well as selling or renting out self-created 3D content.

Ecosystem participants need to be ensured that their copyrights are protected. Copyrights of all participants are to be respected within the Cappasity Ecosystem. That’s exactly the problem that blockchain technology helps solve.

All content exchange details, i.e. data on all transactions, are immutably stored in the blockchain within the Cappasity Ecosystem. It will contain information on copyrights, content owners and authors (if different), as well as details on the transfer of rights for commercial use (if any), and purchase and license. All these details form the record of transactions and the record of license.

To prevent any copyright infringement, each content file is assigned with an ID or a hash. Blockchain has a list of all hashes of all the files and they cannot be altered.

Thus, the system won’t allow anyone to sell someone else’s content by claiming it as their own, or rent someone else’s file for free. In addition to this, the owner of the file receives payments for each transaction. For instance, they get paid when their content is being rented, in turns or simultaneously, by different Ecosystem participants.

Blockchain also gives the Ecosystem another important advantage. The Ecosystem participants will be charged close to no fees for performing each transaction. Therefore, content will be distributed at minimal prices within the system.

Overall, blockchain makes all transactions transparent and allows for nipping any fraud connected with the VR/AR community members’ copyrights in the bud.

Let’s briefly discuss the Ecosystem use-cases by its participants.

A team of VR game developers wants to speed up their product’s release. The technical designer of the project finds suitable 3D holograms and 3D models within the Ecosystem and tests them in the “sandbox”. If they are satisfied with the content, they make a purchase, thereby preponing the game’s release.

An agency that specializes in online art auctions can digitize art objects on its own with the help of the tools supplied by the Ecosystem. The agency’s employees will place a section with 3D models of their art pieces on their website. The 3D models will actively attract the attention of potential buyers and allow the agency to increase its sales. The auction agency can also upload its 3D models to the Ecosystem content database to rent them out.

The Cappasity Ecosystem will be useful not only for those whose work is connected to the VR/AR world but also for those who are interested in 3D technologies for personal purposes.

In fact, the Cappasity Ecosystem creates all the necessary conditions for acceleration, optimization, and availability of 3D content production and distribution. Participants are provided with the opportunity to choose from high-quality and inexpensive content and have free access to the necessary tools for its creation. The copyrights of participants are reliably protected.

Taking into consideration the fact that the Ecosystem is the most convenient environment for content exchange, which is aimed at attracting the most talented developers, it is likely that VR/AR and 3D technologies will soon reach a new level in their development. All this has become possible thanks to Cappasity.

The post Cappasity Opens Up New Horizons for the Development of VR/AR Technologies appeared first on ChipIn.

Cappasity token was created to realize the potential of VR/AR to become a major element of commerce and business in the future–not just a gimmick for video games and 3D entertainment.
The token is designed to build a decentralized ecosystem for augmented reality (AR) and virtual reality (VR) communities while at the same time, empowering the ecosystem by facilitating the trading of 3D content across a marketplace.
The platform’s vision is mainly driven by the team’s beliefs that the AR/VR revolution will be caused mainly by content creation.

With that in mind, Cappasity is a trustless decentralized platform that leverages blockchain infrastructure to create, rent, and sell 3D content for the AR/VR community.
Unlike other projects in the same vertical Cappasity already has a working content sharing platform that gets roughly 1 million views a month, a staggering feat for a platform only in its infancy.

We recently sat down with Kosta Popov, the CEO of Cappasity to have a chat with him about the project as well as finding out his thoughts and insights.

Hi, Kosta. Thanks for joining us today. Can you tell us more about yourself and Cappasity token?

I have been working as a software company CEO for over ten years. I founded my first IT company in 2005 and it specialized in video game development. Since that time, I have produced software and game projects for PC, Sony PSP, Sony PlayStation 3, Microsoft Xbox 360, Apple iOS, Google Android, and Web/SaaS.

We set up Cappasity in 2013 to develop 3D digitizing software for fast and accessible 3D content production. Then we launched the Cappasity platform in January 2017. The platform allows users to easily create 3D images of their products and place them on their websites.

Currently, we are working on a new version of the Cappasity platform that is based on blockchain technology and allows for easy, quick and inexpensive production and exchange of high-quality 3D content. Our AR/VR Ecosystem for 3D content exchange is a global environment that is fueled with a new digital currency – Cappasity token (CAPP). All payment operations will be conducted in CAPP within the Ecosystem.

First off, why did you decide to use the blockchain in building Cappasity platform and marketplace? What can the blockchain do that other technologies cannot?

Blockchain technology is used to deal with several issues. The blockchain ensures decentralized and trustless copyright storage. When exchanging content, the Ecosystem participants are sure that their copyrights are protected and they will not be cheated. That’s why all content and its exchange details are immutably stored in the blockchain and cannot be altered retrospectively.

In addition to this, this technology allows for nearly free, instant, and transparent global financial transactions. When 3D content is being sold via the marketplace, it is sold at the seller’s price and the Ecosystem participants are charged close to no fees. Therefore, content will be distributed at minimal prices within the system. The content owner receives payments for each transaction very quickly and without failure. Thus, the blockchain-based financial transactions are instant, transparent, and reliable and can be provided all over the globe.

Tell us about how you came up with the idea of Cappasity token. Did you face a problem within the AR/VR industry or do you think there is a gap in the market for Cappasity to fill?

The major obstacle that hampers development of the AR/VR industry is the lack of compelling 3D content. When we realized that the industry was facing a serious problem, we came up with the necessary solution. Our team decided to create a convenient environment for easy content production and exchange and provide the participants with all the necessary tools for fruitful interaction. Then we came to the conclusion that the system needed the payment equivalent. That’s how Cappasity token became a fundamental piece of the system.

What do you think is the biggest problem Cappasity will solve and why is the problem important to solve?

CAPP will be used to facilitate AR/VR/3D content exchange among the Ecosystem participants. When using CAPPs, creators and consumers of 3D content from different parts of the world will be able to easily find and buy anything they need.

Editors Pick: Birdchain ICO

Cappasity is About to Revolutionize the AR/VR Industry

Posted: November 16, 2017

Cappasity, a company developing a blockchain-based platform for 3D content exchange, is currently running an ICO. The crowdsale will be closed on November 22. Only one week left to buy ARtokens and become one of those who will bring the AR/VR industry to its brighter future. The AR/VR Ecosystem for

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Before we move on to Cappasity token, what are you actual thoughts on the VR and AR industry? You’re obviously optimistic about it why it’d be interesting to know why–why do you think AR/VR is going to be the next big thing?

Over the last five years 3D technologies have made a quantum leap in their development. AR/VR technologies started with computer games, however today they are in high demand in e-commerce, entertainment, art, medicine, education, the military-industrial complex, and some other industries. According to a study by the International Data Corporation (IDC), the worldwide AR/VR spending is expected to be $11.4 bn in 2017 and will jump as high as $215 bn by 2021. That means that the worldwide spending on augmented and virtual reality is expected to double every year until 2021.

AR/VR technologies have become an innovative and very effective marketing tool that provides strong emotional contact with the target audience.The public’s interest in these technologies is growing due to the unique opportunities of deep immersion into a created environment and interaction with any object. Everything points to AR/VR technologies further strengthening their positions over time. I strongly believe that VR/AR and 3D technologies will soon reach a new level in their development.

Tell me about the copyright management system of Cappasity.

Stolen content and piracy are a content creator’s worst nightmare. How will Cappasity token help to build a fair system for not only the content creator, but also the customer?
The Ecosystem is decentralized. Blockchain technology ensures decentralized and trustless copyright storage. All content and its exchange details are immutably stored in the blockchain.

Each content file is assigned with an ID or a hash to prevent any copyright infringement. All hashes of all the files are listed in the blockchain and cannot be changed. Once a content transaction is done, all its details will be processed according to a smart contract protocol and cannot be reversed retrospectively.

For instance, the system won’t allow a malefactor to sell someone else’s file by claiming it as their own, or rent a file for free when the rental period has already come to an end. Thus, blockchain technology fully prevents any copyright infringement.

With the AR/VR Innovation Fund and the Reward Fund, it’s fair to say that Cappasity token wants to give back to the community. Can you explain why is this important for the business as well as the industry?

As we take care of our community, we have decided to establish two endowment entities – the AR/VR Innovation Fund and the Reward Fund. These funds are aimed to favor the Ecosystem participants and stimulate the further development of the Ecosystem.
Active and talented 3D creators, content software developers, moderators, as well as active members of the community, will be provided with systematic incentives from these funds.

When we incentivize the most talented and active participants, we motivate them to release more high-quality content and applications and actively participate in the development of the Ecosystem. Highly motivated participants are one of the key success factors for both the business and the industry as a whole.

What has been your happiest moment so far working on Cappasity ICO? On the flipside, what has been the most painful, or perhaps the most regretful decision you’ve made with Cappasity token?

I enjoy working on the project and I put a lot of time and effort into it every day. I think that my happiest moment was when we started the crowdsale and realized that Cappasity token was in high demand. To be honest, I don’t remember any regretful decisions or negative moments while working on the project.

As for now, Phase 1 of the Cappasity token sale has just ended and we are preparing for the token distribution process. Phase 2 of the sale will start in March 2018.

Is the Cappasity platform already working with notable businesses or firms? Are there any future partnerships in process? If yes, can you explain briefly about it?

Cappasity is a company that has been successfully running its business for several years, and has earned the trust of many clients.
The latest version of our platform is already used by online retailers and we start working with museums and art galleries. The platform allows users to easily make 3D images of objects and embed them on their websites.

Since it takes up to three minutes to create a 3D image of an object, our clients can digitize as many products as they need daily. In addition, our software’s high and efficient throughput allows us to significantly decrease the cost of 3D digitizing. Thus, we provide scalability while maintaining high quality, which is exactly what businesses need.

Our business is constantly expanding. For instance, we have big plans to expand our platform in Asia within the next year on Alibaba Cloud.

Tell us more about the process of designing the Cappasity token to fit your platform. As a side question, what was the thought process behind having such a large token supply (7 billion)?

We’ve settled on creation of a native Ecosystem utility token (CAPP) since using our own cryptocurrency gives us independence, flexibility and the opportunity to determine our currency’s exchange rate and our economic strategy. In addition, digital currency is perfect for C2C (consumer to consumer) economic interactions. That’s exactly what we need.

Amount of tokens should be just comfortable for distribution and usage. Since Cappasity network will have millions of micro-transactions for content usage, we think it’s better to issue more tokens and operate with integer numbers.

What do you think is the biggest challenge or obstacle Cappasity token will face? How do you plan to tackle that challenge?

As the industry lacks high-quality content, I am sure that Cappasity token will be in high demand. There aren’t any serious obstacles that will hinder the Cappasity Ecosystem’s further growth or a significant increase of the Cappasity token value that we anticipate in the near future.

Moving on to more personal stuff, what does a typical day in your life look like?

There is always a lot of work to do. We update our development schedule to make it correspond to strategic business objectives every two days and cope with marketing and advertising tasks on a daily basis. Our team also regularly track their progress in working with clients using Pipedrive. I also have a lot of meetings and negotiations with our current and potential clients and investors.

Can you express one personal opinion of yours about the blockchain? It doesn’t matter if it’s negative or positive, we just want to hear your thoughts on it.

As you know, many experts compare the significance of the blockchain with the invention of the Internet. I personally believe that blockchain technology is very promising as it opens up unique opportunities for various areas of our life. I am confident that in the near future blockchain technology will revolutionize the world we live in.

Finally, what other personal goals (besides your career) do you have in life? Is there anything else in life you want to achieve?

I am keen on scuba diving and underwater photography. I would like to undergo specialized training to become a technical and cave diver.

That concludes our Interview with Kosta Popov

We’ll be scheduling even more exclusive interviews like this in the coming weeks to delve into the minds of what makes a blockchain startup tick as well asking the questions you want to know the most.

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Get in touch to let us know who you want us to interview as well as the questions you want us to ask.

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The post Meet the Boss – Exclusive Interview with Cappasity CEO Kosta Popov appeared first on ChipIn.

Only one week left to buy ARtokens and become one of those who will bring the AR/VR industry to its brighter future.

The company is launching the first decentralized AR/VR Ecosystem for 3D content exchange, which is a global environment allowing for the quick and inexpensive production of high-quality content. The Cappasity Ecosystem provides participants with a convenient environment and all the necessary tools for fruitful interaction.

The Ecosystem encompasses participants willing to sell or buy AR/VR and 3D content. The latter are content makers, application developers, businesses, and ordinary consumers who will be exchanging two main types of products – content itself and applications for its production. The participants will have the opportunity to use a “sandbox” – an environment where one can test the content before purchasing, for instance, to see how it runs on different devices.

The exchange equivalent is represented by a new digital currency – ARtoken (AR). All payment operations will be conducted in ARtokens. By using tokens, the Ecosystem participants can pay for 3D content database subscription, 3D content purchases at a seller’s price (for the content that is not included in the base), and 3D content rent for commercial purposes.

ARtokens can not only be bought but also earned within the system. To earn tokens, participants have to upload unique 3D content, verify and moderate the content, as well as sell or rent out self-created 3D content.

The developers of the Ecosystem provide the community members with a whole range of special tools for content production. For instance, users will have access to tools that allow for fast 3D digitization of objects and simplify uploading 3D content to websites, mobile applications, and VR/AR applications. Developers will be able to take full advantage of the platform’s capabilities, thanks to the free API and SDK. The platform features are designed to be open to other developers using Unity, Unreal Engine, and Apple ARKit technology.

Expansion of the number of tools and capabilities that will be available on the platform is still in progress. For example, the Ecosystem creators are now developing a mobile application for creating 3D images and 3D holograms and plan to make it available to all interested community members in the near future.

After the platform is launched, its developers plan to stimulate its further development. Two funds have been created to support content production. Active and talented 3D creators, content software developers, moderators, as well as active members of the community will be provided with incentives from these funds.

The Cappasity Ecosystem is the first platform that leverages blockchain infrastructure to produce and distribute 3D content. Blockchain technology is used to deal with several problems. Firstly, the blockchain ensures decentralized and trustless copyright storage. When exchanging content, buyers and sellers need to be sure that their copyrights are protected and they will not be cheated. That’s why all content and its exchange details are immutably stored in the blockchain. Each content file is assigned with an ID or a hash to prevent any copyright infringement. All hashes of all the files are listed in the blockchain and cannot be changed. Once a content transaction is done, all its details will be processed according to a smart contract protocol and cannot be reversed retrospectively. For instance, the system won’t allow a malefactor to sell someone else’s file by claiming it as their own, or rent a file for free when the rental period has already come to an end.

Secondly, this technology allows for nearly free, instant, and transparent global financial transactions. When 3D content is being sold via the marketplace, it is sold at the seller’s price and the Ecosystem participants are charged close to no fees. Therefore, content will be distributed at minimal prices within the system. The blockchain-based financial transactions are instant, transparent, and can be provided all over the globe. The content owner receives payments for each transaction very quickly and without failure.

Overall, the blockchain helps create a highly secure and convenient environment for 3D content production and mass distribution.

Cappasity presenting at the World Blockchain Forum in London

Cappasity was founded in 2013 with the aim of developing a technological standard and an easy and scalable platform for creating, embedding, and analyzing 3D and AR/VR content. Since 2014 the company has successfully raised over $1.8M from angel investors and launched its platform and 3D digitizing software in January 2017.

As for today, each month the platform serves more than 700 thousand views of 3D content. The platform’s latest version is being used by online retailers, and Cappasity has also started to collaborate with museums and art galleries. 3D image creation was time-consuming, complicated and not applicable to large catalogs.

The platform allows users to easily make 3D pictures of their products and place them on their websites. To make a 3D image of an object, one needs a photography turntable, lighting equipment, and a camera. An object is placed on the turntable, the table rotates, and a user records a video of the object. Then, the program automatically processes the video data. The entire process takes up to three minutes to create a 3D image of an object.

Thus, Cappasity is a company that has been successfully running its business for several years, constantly expanding, and has earned the trust of many clients.

Over the last five years 3D technologies have made a quantum leap in their development. AR/VR technologies started with computer games, however today they are in high demand in e-commerce, entertainment, art, medicine, education, the military-industrial complex, and some other industries.

According to a study by the International Data Corporation (IDC), the worldwide AR/VR spending is expected to be $11.4 bn in 2017 and will jump as high as $215 bn by 2021. That means that the worldwide spending on augmented and virtual reality is expected to double every year until 2021. Goldman Sachs expects the AR/VR software market to attain $35 billion by the year 2025, with 60% of the revenue driven by consumers.

The public’s interest in AR/VR technologies is growing because of the unique opportunities of deep immersion into a created environment and interaction with any object. When it comes to business, AR/VR technologies have become an innovative and very effective marketing tool that provides strong emotional contact with the target audience.

Imagine that you own a company that builds private houses and does space renovation and interior design. A client interested in getting a house from a particular model of yours comes to your office but still has some doubts whether to go through with it. Ask them to put on virtual reality glasses and take a stroll around the future house to get a sense of it. As soon as they find themselves inside the house and are able to appreciate the beauty and functionality of its layout, all doubts will disappear, and it’ll be easy for them to make the purchasing decision.

As we can see, augmented and virtual realities have the potential to become a disruptive innovation that will significantly change the business landscape across many industries. However, the lack of 3D content is a constraining factor that prevents the AR/VR’s massive expansion. Fortunately, Cappasity has found a way to address the creative content demand by launching the AR/VR Ecosystem that makes 3D modeling of real objects open to everyone.

Cappasity believes that high-quality and accessible content is the driving force behind the development of AR/VR technologies and the AR/VR revolution will be driven by content creators working together and contributing to the new Ecosystem and the industry as a whole. If you want to be one of those who will bring about these significant changes to the industry, don’t miss your last chance and hurry up to participate in the ARtoken sale. The crowdsale will be closed on November 22.

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