Nextech AR's ARway Signs Deal For Kid Cudi Backed XR Music App, “Encore” - Business Wire

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TORONTO--(BUSINESS WIRE)--Nextech AR Solutions Corp. (“Nextech” oregon the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), Metaverse Company and starring supplier of augmented world (“AR”) acquisition technologies, wayfinding technologies and 3D exemplary services is pleased to denote that ARway’s Spatial Computing exertion is present being utilized arsenic portion of the XR motor powering the euphony app: Encore. This exertion of the ARway level opens up a important caller market; providing AR spatial activations for the euphony industry. While the Company is focusing its spatial computing level gross procreation towards AR wayfinding it is uncovering applications of its breakthrough exertion successful further markets that are opening up wholly caller gross opportunities.

Jonathan Gray, CEO of Encore states, “ARway has provided Encore with the cutting-edge exertion to support america astatine the forefront of the emerging euphony exertion space, and has been captious successful accelerating our clip to market.”

Using ARway’s bundle improvement kit (SDK) wrong the Encore app, artists tin make immersive performance experiences for fans. Encore employs ARway’s technology, giving artists the quality to physique customized augmented world sets and environments to execute in, gathering customized 3D worlds utilizing objects, photos and videos. ARway’s exertion is being utilized to representation and localize these customized AR environments into the carnal satellite astir the clients; tying the AR objects to existent satellite locations, and seamlessly blending the virtual satellite with the existent world.

With Encore, ideate an creator performing from their surviving room, wanting to physique a customized AR set. Using ARway’s SDK, artists tin plan and make a customized AR world, prevention it and reload it successful that abstraction rapidly and easily. ARway provides Encore with the quality to keep, prevention and reload customized environments successful the aforesaid spot and synchronize it crossed aggregate devices.

Watch a video of ARway’s SDK successful enactment HERE

With the emergence of Web 3.0 and the Metaverse, AR exertion is getting utilized successful a assortment of antithetic sectors and industries, including the euphony manufacture arsenic demonstrated done the ARway’s usage lawsuit with Encore. AR provides galore advantages to businesses that different bundle cannot offer, including merchandise views, enhanced content, immersive experiences, accrued assemblage engagement, and more. The augmented world bundle marketplace size is projected to reach USD 137.14 Billion by 2028, increasing astatine a CAGR of 57.21% from 2021 to 2028, according to Verified Market Research.¹

Nextech AR’s CEO Evan Gappelberg commented, “With ARway, not lone bash we person a important marketplace with indoor AR wayfinding, but determination are galore different markets that we monetize specified arsenic the euphony industry. Encore is simply a cleanable illustration of ARway’s adaptability into antithetic industries and types of activations. He continued, “With Encore, we person opened up a wholly caller marketplace for ARway successful the euphony and amusement industry, driving caller gross imaginable for the platform. As we determination guardant with Web 3.0 and the real-world Metaverse, our spatial computing exertion volition lone get much robust and proceed to propulsion into caller industries and caller markets, driving towards adjacent much gross potential.”

Spin-Out
Nextech AR believes ARway volition beryllium the archetypal pure-play spatial computing nationalist Company. ARway volition statesman trading connected the Canadian Securities Exchange (CSE) connected Wednesday October 26, 2022 utilizing the ticker symbol: ARWY.

The Company has already begun the listing process for ARway to commercialized connected the Frankfurt speech and the OTC Market and expects trading connected those exchanges wrong 60 days of its CSE debut. Upon listing, Nextech AR volition clasp an ownership involvement of 13 cardinal shares of ARway and administer 4 cardinal further shares arsenic a banal dividend to Nextech shareholders.

Recent ARway News

About Encore
Encore is simply a unrecorded interactive euphony app, cofounded by Kid Cudi. Our ngo is to assistance much artists and creators marque a surviving from their euphony by empowering them with caller ways to straight monetize and prosecute and turn their fanbase. Artists tin driblet caller music, interact with fans and big unrecorded shows close from their phones, and from anyplace successful the world. Encore besides enables unrecorded euphony experiences for fans, with opportunities to link with their favourite musicians and observe caller music.

Encore Studio App https://apps.apple.com/us/app/encore-studio-live-music-ar/id160461320

About ARway

ARway is simply a no-code spatial computing platform, with an augmented world indoor wayfinding solution for large, multi-purpose venues activated with ocular marker tracking. Users tin entree a venue representation to navigate to immoderate Point of Interest (POI) with step-by-step directions and interact with affluent augmented world experiences and content. ARway lone requires end-users to scan a QR codification with their smartphone to activate.

ARway Videos
London Science Museum - click present to ticker
Trend Hunter Future festival - click present to ticker
RC Show 2022 - click present to watch

The ARway Platform Includes:

Web Creator Platform

The Web-Based Creator Platform provides 'advanced' authoring capabilities compared to the mobile app, including the quality for creators to upload their ain OBJ/GLB files, and make their ain 3D objects. Placing contented successful a ample country utilizing lone mobile app required the idiosyncratic to physically beryllium successful the circumstantial determination which was unscalable. The web workplace allows the idiosyncratic to spot and writer contented remotely and astatine scale.

Mobile App

With the ARway mobile app, anyone tin spatially representation their determination wrong minutes utilizing their smartphone, and populate it with interactive 3D content, augmented world wayfinding, audio, text, images, and more. Nextech AR provides respective pre-loaded 3D objects which creators tin leverage to populate their metaverse.

Download the Mobile App
Apple iOs - click present
Google Play Store - click here

ARwayKit SDK

The Software Development Kit contains codification libraries and API accusation that allows developers to physique their ain achromatic statement & backstage statement mobile apps connected some iOs and Android leveraging ARway's exertion and creator tools to physique AR wayfinding and spatial experiences. Creators volition beryllium capable to make achromatic statement and backstage statement apps and entree ARway APIs to writer maps utilizing the Web Creator Portal. The SDK features the latest and top of the ARway mobile app.

To larn much astir ARway, delight travel connected Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and sojourn our website: www.arway.ai.

About Nextech AR
Nextech AR Solutions is the motor accelerating the maturation of the Metaverse. Using breakthrough AI, Nextech AR is capable to quickly, easy and affordably ARitize (transform) immense quantities and varieties of existing assets astatine standard making products, radical and places acceptable for interactive 3D use, giving creators astatine each level each the indispensable tools they request to physique retired their integer AR imaginativeness successful the Metaverse. Our level agnostic tools let brands, educators, students, manufacturers, creators, and technologists to make immersive, interactive and the astir photo-realistic 3D assets and integer environments, constitute AR experiences, and people them omnichannel. With a afloat suite of end-to-end AR solutions successful 3D Commerce, Education, Events, and Industrial Manufacturing, Nextech AR is successful a unsocial presumption to conscionable the needs of the world’s biggest brands and each Metaverse contributors.

Nextech funds the improvement of its AR and Metaverse maturation initiatives done its eCommerce platforms, which presently make astir of its revenue. Nextech's eCommerce platforms include: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and merchandise income of residential vacuums, supplies and parts, and tiny location appliances sold connected Amazon. These eCommerce platforms service arsenic an incubator for processing and investigating Nextech's starring borderline AR, AI and instrumentality learning applications for powering next-generation eCommerce technology.

To larn more, delight travel america connected Twitter, YouTube, Instagram, LinkedIn, and Facebook, oregon sojourn our website: https://www.Nextechar.com.

Forward-looking Statements
The CSE has not reviewed and does not judge work for the adequacy oregon accuracy of this release.

Certain accusation contained herein whitethorn represent “forward-looking information” nether Canadian securities legislation. Generally, forward-looking accusation tin beryllium identified by the usage of forward-looking terminology specified as, “will be” oregon variations of specified words and phrases oregon statements that definite actions, events oregon results “will” occur. Forward-looking statements regarding the completion of the transaction are taxable to known and chartless risks, uncertainties and different factors. There tin beryllium nary assurance that specified statements volition beryllium to beryllium accurate, arsenic aboriginal events could disagree materially from those anticipated successful specified statements. Accordingly, readers should not spot undue reliance connected forward-looking statements and forward-looking information. Nextech volition not update immoderate forward-looking statements oregon forward-looking accusation that are incorporated by notation herein, but arsenic required by applicable securities laws.

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¹https://equalocean.com/analysis/2022082418780

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