concertVR

concertVR-The Future of Entertainment

What is convertVR?

ConvertVR is a company that has the first blockchain cross-platform market for high-quality VR content from the music and entertainment sector. You can enjoy real concerts in Virtual Reality and you can choose on demand at the time of your choice. After you find what you like and choose what you want, everything you choose can be enjoyed on all platforms including: on your smartphone, VR glasses, browser, or your SmartTV. Choices from different camera perspectives, you can feel concerts from different categories and can find your favorite artists and actions. that’s very good isn’t it?

Not only that you can Buy individual songs or all concerts with just in-app purchases Enter the coupon code and enjoy the selected content for free. Let your friends know which concerts you watch through social media and feel their reactions in real time in the application and than Invite your friends directly during concerts and chat with them. it’s really fun.

The Features

Provides the reality experience of the concerts in real-time or rebroadcast at the time users want.

Enables users to choose their position to enjoy the concert. To do this, ConcertVR will set up 5 cameras to provide the best experience for users.

Offer the rich categories in order for users to comfortably choose.

Allows users to share the concert which they watch through social media as well as real-time interact and communicate with their friends.

Users are able to enjoy their favorite concerts in various devices such as smart phone, TV, browsers or VR glasses.

Tokenize the VR content marketplace to easily purchase the products and cost-effectively make the payments.

Some unique features such as: the song of favorite artist is exclusively for you, enjoying the excitement with the favorite artists before the concert begins, voting for young talents.

How It Works?

The company’s main goal is to provide real-life experiences from concerts and festivals to its users with the help of VR technology. Besides that they also aim to solve the music industry problem as well which is mainly faced by ticket sellers, managers, and artists. The company tries to give its users the best concert experience they want. Besides only providing concert recordings directly to users, the company also aims to build an online store where users can buy songs, special content and concert events.

Business Model

ConcertVR is a blockchain based, cross-platform market place for music & entertainment content, created by Goodstuff-Media, located in Berlin/Germany. ConcertVR will deliver high-quality VR content like real-time or on demand concerts & songs to the music fan. Target group consists of every technology affine music fan around the globe wanting to experience concerts from home. The concertVR team will include an experienced and visionary international group of media, technology and finance experts. This shall guarantee a fast and professional implementation of the concertVR vision to become the leading real-time concert provider in Europe. Competition is low. Companies like Deutsche Telekom or Universal Music are trying to penetrate the online concert market, but they are so far not focused enough to bring this undeveloped market to success.

Therefore, concertVR will be the first European market place fully dedicated to the transmission of real-time and on demand concerts to your home. Pricing model will be subscription based as well as based on single purchases of real-time and on demand concerts and songs. Purchases can be made either directly on the concertVR app, the concertVR website or via ticket providers as well as at the merchandising concert booth. ConcertVR accepts all known payment systems as well as cryptocurrencies to purchase CVT Tokens. Marketing and distribution partners will be mainly the artist himself and ticket providers. Additionally, concert VR will work closely with social media companies like facebook or Instagram. This should enhance concertVRs brand building strategy through viral spreads.

Market Research

In 2017, we conducted a comprehensive internal market research and potential analysis on the future prospects of virtual reality. We looked for applications in which the new technology has added real value compared to traditional forms of content rendering.

Currently, no other platform can provide the excitement of enjoying live – concerts in VR as if you were on site. Music is an elementary part of our society. It enjoys a maximum of dissemination in all age and social structures. It has pioneered digitization much sooner and faster than linear TV is doing today. The Internet has a large number of very successful startups from the musical field, such as Soundcloud and Spotify. Still, the unique experience of a live concert is described by users as the maximum audiovisual experience. First cases with live and on-demand material show the potential in the combination of audiovisual experiences and “virtual reality“. On 11.01.2017 the Elbphilharmonie broadcast their opening concert Live in 360 ° VR. Until today, more than 850,000 people have participated in this virtual event on YouTube. On 09.03.2017 the American companies “NextVR” and “Live Nation” broadcasted a first live-VR concert of the band “Galactic” for the US market. The trend shows that the increasing adoption of VR peripherals can be seen as the key to future development in this segment.

The Main Objectives as Projected By The Team

1. Giving the audience the opportunity to enjoy the concert of your favorite artist from anywhere in the world;

2. Create an unlimited number of concert tickets;

3. Giving the audience the opportunity to choose their own place at the concert;

4. Providing users with information about the song and artist online;

5. Providing the opportunity to view the concert at any time;

6. Providing performers and concert organizers with a decent income.

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The Impending Challenges

1. Access to concerts is very limited. That is why the demand for live broadcasts is increasing rapidly;

2. Fans who cannot attend the concert want to access the program in other ways;

3. Many artists throughout their careers have never visited a particular region or country;

4. Statistics show that in all countries, 70% of all travel destinations are concentrated.

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The Benefits

Eliminates the limit of space of the concerts by creating the unlimited concerts through VR platform.

Helps people enjoy the concerts anytime and anywhere as well as increase the interaction between them and their artists.

Helps artists increase their revenue by selling the VR content in app-purchasing store and the unlimited tickets for their concerts.

Narrow the gap between artists and fans and give them the most authentic experience as well as increase interaction in the music community.

The main goal set by the company today is to sign a long-term contract with concert organizers and musicians to install modern cameras at the concert stage with the next live broadcast with high sound quality. All data will continue to be stored in cloud storage. User data will not be stored on the ConcertVR server and will not be sold to third parties in the future. Smart contracts save significant time and provide the highest security standards.

Why You Should Choose ConcertVR?

The conservative platform is basically very easy. What they want to do is bring real experiences from festivals and concerts to users through Virtual Reality technology. To realize this, this platform is known to use vendors, cryptocurrency to enable artists and ticket platforms to trade and communicate with other people in the ecosystem.

The main objective of this project is to make a better economic and visual experience for the players in the music industry. The best thing about this company is that all members of the project team have been part of the media industry before. Each of them has at least 15 years of experience in the media field.

One of the main things about this platform is the angle of their cameras that they record at every festival or concert. This allows users to choose where they want during the concert. This has been made possible by companies with the help of their eye tracking technology.

Finally, the company also utilizes blockchain technology that helps them solve the complexity of the concert ecosystem between ticket sellers, managers, artists, merchandise, and so on. This platform allows artists to sell their tickets easily because anyone can watch concerts from the comfort of their home.

About The Technology

The company has built a prototype that enables mobile users to watch concerts using 360 degree cameras, and also technologies like Google Cardboard. The company has mentioned that the current version of the software also enables the use of VR headsets such as Occulus Rift, HTC Vibe, and others.

Token and ICO Details

CVT is a standard ERC20 smart contract-based token running on Ethereum network that will be used to purchase contents. CVT tokens can also be bought using Fiat money or other cryptocurrencies. The company is looking to raise about $30M USD through the sale of their own CVT Token at 0.00015ETH each for a total of 60,000 ETH. The token enables users to purchase concert tickets, on-demand events, songs, and more.

Their pre-sale sold out in less than 4 days and raised about 1.1M € through 1,200 ETH. Originally the company was planning on launching their ICO on April 2nd, 2018. But due to Google’s Message regarding ICOs, they have delayed this decision by two weeks. Their main ICO will be now open from April 15th to May 15th, 2018. The company has already won multiple awards, and is currently increasing the roster of artists and partners, with new ones every week.