OVR
Crypto Overview
Intended Utility
OVR is a decentralized platform built on Ethereum that aims to create an augmented reality (AR) metaverse by allowing users to purchase, rent, and curate virtual spaces mapped to real-world locations. The OVR token is used for governance, purchasing virtual land (OVRLands), and accessing platform features.
Business Model Assessment
The platform's core business model revolves around creating a marketplace for AR experiences and virtual land ownership, which aligns with halal principles as it involves genuine asset ownership and value creation through digital real estate and AR content.
Actual Utility Analysis
The platform has demonstrated real-world adoption through its AR mapping technology and partnerships with various organizations. Users can create and monetize AR experiences, and there is active development of the platform's features including the OVR Builder and SDK.
Token Distribution and Governance
Initial token distribution allocated 40% to the team and advisors with vesting periods, 30% for ecosystem development, and 30% for public sale. The vesting schedule for team tokens extends over multiple years, showing commitment to long-term development.
Technology and Development
The project maintains regular development activity with frequent updates to its AR technology stack and platform features. The team has consistently delivered on roadmap milestones, including the launch of their AR marketplace and development tools.
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.