OVR
Crypto Overview
Project Overview
OVR is a spatial web platform that enables users to create, experience, and monetize augmented reality (AR) and virtual reality (VR) content tied to specific real-world locations. The OVR token serves as the platform's native cryptocurrency, used for purchasing virtual land parcels (OVRLands), accessing platform features, and participating in governance.
Intended Utility
The OVR token is designed to facilitate transactions within the OVR ecosystem, including: buying and selling virtual land parcels, purchasing AR/VR experiences and content, compensating content creators, and participating in platform governance decisions. The project aims to create a decentralized AR metaverse mapped to the physical world.
Actual Utility Assessment
Current usage aligns relatively well with intended utility. The platform has demonstrated real-world adoption through partnerships with various organizations and brands for AR experiences. There is active development of the AR technology stack and regular platform updates. The project maintains transparency through detailed documentation and open-source code.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation, with 40% reserved for the ecosystem and community, 30% for the team and advisors (with vesting schedules), and 30% for public sale. Team tokens are subject to a 2-year vesting period with quarterly unlocks, indicating commitment to long-term development.
Development vs Marketing
The project demonstrates a strong focus on technical development, with regular github commits and technology improvements. While marketing is present, it appears proportionate to development efforts and focused on genuine use cases rather than pure token promotion.
Crypto Impact
To assign a comfort level investing in OVR from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to OVR.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.