OVR is the native cryptocurrency of the Over the Reality (OVER) platform, a Web3 Spatial Computing project that merges the physical and virtual worlds through geo-localized Augmented Reality (AR).
OVR operates on the Ethereum blockchain and leverages smart contracts for decentralized transactions. The platform uses a combination of GPS, computer vision algorithms, and the inertial systems in devices to create augmented reality experiences. OVR tokens facilitate transactions and interactions within the ecosystem, including the purchase and management of OVRLands, which are NFT-encoded parcels representing geographic locations.
OVR has various potential applications across multiple industries due to its AR and blockchain technology integration. These include:
OVR is a decentralized AR platform that began with the aim of integrating the physical and virtual worlds. Built on the Ethereum blockchain, the platform has developed through a series of milestones such as the introduction of its marketplace, tokenomics, and partnerships. Major technological advancements include Light Minting 2.0 and integration with Polygon L2 blockchain to improve scalability and efficiency. The platform has expanded its community and market presence through partnerships and collaborations.