To introduce a new form of AR/VR collaborative social media which adds billions of new users to IOTA
The VRENAR project is to introduce and develop a new form of immersive social media based on hybrid VR and AR technology.
The system differs from other social media platforms to date in that it is designed using formal systems Engineering techniques from the top down with its users as the number one stakeholders. Instead of extracting value from users by exploiting user data, the system is designed to add value to its users in every way possible. The system is non-profit so has no shareholders other than its users. The system concept design monetises the data of its users and rewards this directly back to the users. The wearable technology of the system also adds significant enhancements to users normal human capabilities via machine intelligence of all kinds acting in the users interests in the network. So in addition to financial benefits, use of the system enriches the users life experience.
The system provides between all users a two-way visual and audio path of communications, in a shared virtual environment, unlimited by distance around the world. Thus it extends the normal physical mode of humans speaking to one another in a way that is unlimited by distance, and does not isolate one or the other from their real environment.
This collaborative mode of operation results in an entirely different social dynamic in the network. Financial rewards and quality of life in the system are demonstrably maximised through collaborative network effects, no "social bubbles" of ad-driven and attention driven social media, thus collaboration is actively encouraged and naturally financially rewarded by the system. The VRENAR system has nothing to gain from creating social bubbles, no profit sought. The system gains by actively increasing the collaborative value of the community.
IOTA has been chosen as the main system currency due to this being the first distributed ledger token known to the project which does not have the scaling limitations seen in conventional blockchain tokens to date. The VRENAR project expects literally billions of users to be added. We trust that IOTA is capable of supporting. Further, the IOTA datamarketplace appears inherently suitable for the purposes of monetising data and protecting the personal and data privacies of VRENAR users.
The VRENAR project is related to two sub-projects, intended to be funded independently from the main VRENAR project, namely "Remote-me IOTA", and "The VRENAR Wearable".
Both of these are based on Structure-from-motion (SfM) technology, a product of ongoing PhD research, which enables VRENAR by providing a means of converting real world scenery to the virtual scenery in the VRENAR system. Remote-me is a UAV (Drone), and the VRENAR wearable is an augmented reality (AR) headset.
Funding proposal has been dismissed by IOTA, with no reason given or offer of further discussion. Fortunately the VRENAR system model is portable. This will be adjusted to another token solution with minimal effort. Ongoing work of VRENAR will continue to be reported in Medium. We wish IOTA all the best for the future.
Funding proposal submitted
As mentioned*, the model simulations forecasting funding requirements and network economics has revealed some surprises, mostly good ones. Too good in fact. To the extent that the outcomes seemed completely unbelievable. But those outcomes were based on a very narrow set of circumstances, highly sensitive to market forces, which as we've seen lately, can have a real influence on things, however temporary as we know from Metcalfe's law. So the model has had to be restructured somewhat to make the results slightly more modest, but a lot more robust against market fluctuations. I am hoping to be able to finally release the model and document by this weekend.
*In the VRENAR discord general server - see links
The VRENAR CEO Specification has been published in the VRENAR blog. This also contains clarifications of the VRENAR project structure and processes: https://medium.com/the-vrenar-blog/the-vrenar-ceo-e7bcb4995ac9
The simulations of the VRENAR financial scenario, needed to forecast funding requirements are still underway, in debug. The results of these will be posted as soon as the debug is complete, and final runs made.
Remote-me edges closer to funding. Learn more here: https://www.youtube.com/watch?v=5UQn6J142uU
Application for IOTA's perfect brainstorm competition submitted: https://medium.com/the-vrenar-blog/the-perfect-application-for-iota-1936fe5b4411
We are glad to be tentatively on-board with IOTA, and look forward to exploring further how we may be able to work together in collaboration.