Overview And Relationship Between AR NFT And VR NFT

AR NFTs: the what, the how and the why

Augmented reality allows creators to give more meaning to any digital work of art. Overlaid digital content can be accessed by the user anywhere and anytime, projected into the real world using any smart device.

Perhaps you have a piece of art in your memory that you would like to admire every day, but could not. Now you can own a work of art and have it not only freely available but also with various 3D “goodies”: sounds and other virtual components that interact with the environment and decorate it.

What is augmented reality vs virtual reality in NFT context?

In our advanced technological era, when NFT and metaspace are at the peak of their development, terms like augmented reality and virtual reality are often used.  They sound similar and are often confused, but each of them represents a separate idea that satisfies different needs. Let’s take a quick look at these two technologies to get up to speed.

Augmented Reality (AR NFT):

AR adds a layer of virtual reality to what you see in real life, drawing information on top of what you are looking for. Augmented reality in the context of NFT has all the hallmarks to enhance our world. It is created in a meaningful way and gives creators the opportunity to create a more meaningful piece of work. With AR NFTs, collectors can have a better user experience by interacting with their NFTs and experiencing them as part of the real world rather than just storing them in their wallets. However, this does not provide full immersion in a virtual or digital world that does not exist in the real world and is based on a virtually created space. As a result, augmented reality NFTs can be used anywhere, anytime, using smartphones or augmented reality-enabled websites.  

Virtual reality (VR NFT):

Unlike AR NFT, VR NFT is a complete immersion in a virtual or digital world that does not exist in the real world and is based on a virtually created space. Today people can access the virtual world through a variety of VR headsets such as Oculus Rift, Google Cardboard, and others. In addition, when people use VR-enabled environments, they separate themselves from the natural world. And also, virtual reality enhances the world of augmented reality and completely immerses you in the virtual world.

Integrate NFTs  with AR and VR?

Since NFTs became a reality, they have mostly existed as 2D creations. They are great, but collectors and investors cannot interact with them with maximum benefit and pleasure.

To create a better experience for this, VR and AR NFTs are becoming increasingly popular. They are used in the art world and impress with their convenience and allow NFT artists to create more realistic and contextual works with sound, visual or other virtual effects.  

Tools to create AR NFT, a case study

Our Omisoft team specializes in NFT development. A recent experience was the creation of an application that integrates augmented reality (AR) and NFT in one web application. This gave incredible impressions for users who felt AR Experience, received NFT and good results for business and brand positioning. 

In this case, we used the following (convenient + economical) services and technologies for development: 

• React js development 
• https://www.8thwall.com/ – for augmented reality
• Solidity language for writing smart contracts on the Ethereal network
• Walletconnect so that the user can freely connect several wallets and the code is written quickly 
• Pinata for storing NFT data
• Amazon Web Services (AWS) for deploying all this 

How much will it cost to develop an NFT project?

Your own NFT platform allows you to create a personalized business structure and create your own branded marketplace under your full control.  To start your launch NFT collection you will need: target market, requirements, smart-contract development, UX/UI design, front-end development, integration of smart-contract, and APIs.

The price of such an NFT project will depend on the capabilities and complexity of the smart contract and the site as a whole, and the location of your development team may also affect the price.

As a rule, a standard NFT site with a simple smart contract can cost from $5K in Eastern Europe and from $10K in the US. The more complex the platform you want to build, the more money you will have to invest. Depending on the level of customization, features, and location you need, the cost of the NFT market can rise to $20K – $30K.

Important! To keep costs down, you can get a free consultation and our development team will offer you a standard site for $3K.

If you want to learn more about developing an NFT project, the nuances, and its cost, just click here and read our article.

Also, you can create an NFT marketplace. Why will it be a successful project? Using blockchain technology helps to encrypt your digital data from any invaders. Decentralization allows you to manage your data from one node to another in your network. Any transactions that take place are protected from unauthorized access and are fully visible in the marketplace where you are executing the process. If you want to know more, then go and read our article about NFT marketplace development.

Conclusion 

The NFT industry is not standing still, but only gaining momentum! Different project creators are constantly testing a wide range of ways to make their NFTs more valuable and powerful for customers. VR and AR NFTs are a very effective way to do this.

Combined with the powerful NFT technology and with wider use in multiple projects, their impact on the blockchain industry will be huge. 

Are you ready to create your own project? Then, contact Omisoft, a leading NFT development company, for consultation and direct development.  Let’s chat!

By Dmytro Romaniuk

CEO & Founder

Jan 04, 2023

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