OVR (OVR) Price

OVR is an Ethereum-based utility token that serves as a medium of exchange in the OVR platform's ecosystem. OVR intends to be a decentralized AR platform for virtual reality, tourism, and gaming in the metaverse. The virtual layer comprises 1.6 trillion different OVRLands that are hexagonal. Each OVRLand is represented by a unique NFT.

The "land" can be bought, sold, or rented through decentralization and auctions to provide AR experiences such as interactive games, live events, and avatars in the metaverse.

OVR Features and Updates

OVR is an ERC-721 non-fungible token. The coins can be freely exchanged among stakeholders in a decentralized manner via the OVROwner marketplace. This implies that coin holders, and therefore OVRLand owners, have control over the kind of experience users will enjoy in their space. Consequently, OVRLands and OVRExperiences are entirely under the community's control.

Every time an NFT and OVRLand are swapped, a 5% fee is levied. A 5% transaction charge is also applied to all revenue obtained from the leasing of OVRLand to publications and advertising.

OVR Coin Team

The OVR service was established in 2018 under Davide Cuttini as its chief operations officer. He is a software developer with expertise in machine learning, augmented reality, blockchain, and other related technologies. The platform was funded through Initial Bonding Curve Offering. A bonding curve determines the OVR coin price based on demand; when demand is low, the price drops; when demand rises, it also rises. Check this website for more information about this coin and its features in the metaverse.