Frequently Asked Questions
General
Infiniverse is a decentralized augmented reality (AR) platform and metaverse on top of the real world. It enables users to bring digital content into the real world, allowing it to be seen and interacted with by any other nearby users, as well as to place persistent content in the real world. The goal is to create a rich parallel universe that users can seamlessly switch into, allowing them to experience diverse AR content and applications, all co-existing and interacting, and a thriving virtual economy that allows content creators to create real economic value, without a middleman taking a large cut.
Virtual reality completely immerses you into a digital world, cutting you off from your real surroundings. On the other hand, augmented reality allows you to interact with digital content while remaining connected to the real world and people around you, by superimposing virtual content onto the real world using a smartphone or smart glasses.
Pokémon Go is an example of an early and basic version of augmented reality. However, the key difference with Infiniverse, is that there is no particular theme and all the content is user-generated. So instead of just battling Pokemon, imagine Pikachu and Harry Potter, fighting Batman and Gollum, who happens to be wearing Addidas shoes (that is, if we can legally get access to all this content), and all this taking place somewhere in the real world - for example the Colloseum in Rome.
The term metaverse was coined in Neal Stephenson's 1992 science fiction novel Snow Crash: a metaverse is a network of 3D virtual worlds focused on social connection. While metaverse has gained huge popularity in recent months, most projects are focussed on virtual reality. Infiniverse sees things differently: we believe that AR will be the heart of the metaverse.
While there are some undoubtedly great AR apps being released, the world is too large to restrict ourselves to a single AR app at a time. But how can we experience multiple AR apps without it becoming a big mess of overlapping virtual content? How do we assign rights to place AR content in specific locations and how do we allow these diverse AR apps to interact with each other?
Infiniverse solves all these problems by creating a digital land registry for real world locations and a platform to combine the entire world's digital space into a single, persistent, interactive, metaverse.
Infiniverse solves all these problems by creating a digital land registry for real world locations and a platform to combine the entire world's digital space into a single, persistent, interactive, metaverse.
The blockchain allow users to retain full control, ownership and security of their currency, land and assets. In addition, the blockchain, along with decentralized storage networks such as Arweave, make Infiniverse indestructible, allowing the metaverse to live on in perpetuity, without losing data, even if the company was to shut down.
For Infiniverse to be successful, it needs cheap and instant transactions, both of which are possible with Solana, which allows up to 50,000 transactions per second. Ethereum and many earlier blockchain platforms are significantly more limited in the speed of transactions, while also costing the user a large transaction fee for every action, making it implausible to build a fully on-chain decentralized application. While other more efficient alternative blockchains exist, we find the Solana roadmap, scalability, fees and user-friendly focus more promising. Indeed, Bank of America predicts that Solana could even become the Visa of the digital asset world.
The Infiniverse AR app initially runs on iOS and Android smartphones which support ARKit and ARCore. All iPhones since 6S running iOS 11 and above support ARKit, while the list of devices supporting ARCore can be found here. In the future we will support smart glasses when these devices are more widespread and appropriate for outdoor use. The land map and asset management interface is accessible via a web browser.
The Infiniverse AR app is currently being relaunched to support the Solana blockchain. It will become available again soon.
How it Works
Attached content is any asset that follows you around in the world. It exists for as long as you are running Infiniverse, but vanishes from the world as soon as you quit the app. On the other hand, your persistent content stays in a fixed location, no matter where you are, or whether you are even running the application.
Land NFTs represents the digital space of a real-world location. They allow you to place persistent content in that location. Land is required because real-world space is a scarce resource and without restricting persistent content to land, popular locations would become a big mess of overlapping virtual content.
The land NFT sale will begin soon via the land map. Previously, land had to be registered for a yearly fee, similarly to how domain registration works. However, in the Infiniverse Solana relaunch we have decided to abandon that model. Instead, lands will be purchased outright, with no yearly fee. Any potential yearly taxes will only be possible if land owners decide so, via the referrendum system described below. Land that has already been purchased may be traded between users on the any Solana NFT marketplace.
Information regarding users that registered land on the initial EOS version of Infiniverse will be coming soon.
Information regarding users that registered land on the initial EOS version of Infiniverse will be coming soon.
Yes, in the future you will be able to rent out your land to other users. This gives them the right to manage the persistent content on the land for the duration of the rental period.
The Infiniverse platform offers a number of avenues to earn cryptocurrency: selling 3D assets on the marketplace, renting or selling your land NFTs, placing premium content on your land, and doing jobs for other users are all potential revenue sources
The initial Infiniverse launch on the EOS blockchain had a utility token: Infinicoin (INF) was used to register land. However, for the Infiniverse relaunch, we are currently focussing on land and 3D assets as NFTs, and do not have short term plans to relaunch Infinicoin.
Any land owner will be able to suggest a referrendum question. For example, referrendums could deal with topics such as land content height limits, content restrictions, land taxes, etc. A referrendum can be granular to the city, country, or even entire world. Referendums that receive enough signatures will be listed publicly, and go up for a vote. In short: land owners will have complete power to decide just about anything regarding how lands can be used.
Company
The initial launch of Infiniverse was run by Infiniverse, Inc. a US corporation, registered in the state of Delaware from 2018-2020. The relaunched Infiniverse's company structure is currently pending legal registration.
Infiniverse and Samsung Next embarked upon a collaboration in February 2018. We worked directly with them for three months, helping them build WhARe, their AR cloud product. Infiniverse received $50,000 from Samsung Next for our efforts, as well as a perpetual license to WhARe. However, as this relationship was signed with the now defunct Infiniverse, Inc., we're no longer using this in our promotional materials.