ImmVRse is Pleased to Announce Recent Partnership with Origin Protocol
| Updated by Sofiko Abeslamidze · 3 min read
Decentralized creative platform ImmVRse deploys Origin Protocol in order to develop a turnkey solution that will permit blockchain startups to redistribute the control of information to its users.
The demand for specific and quality content unlocks opportunities for creative and collaborative contributions to Virtual Reality production. Seeking to gradually disrupt the VR industry as a whole, ImmVRse has recently signed a new significant partnership deal with Origin Protocol.
Backed by an ensemble of experts from a range of sectors, including IT Management and blockchain development, the ImmVRse platform is going to become the first decentralized and distributed digital video ecosystem that will allow content creators and advertisers around the world to collaborate without any intermediaries via decentralized marketplaces built on the Origin protocol.
Hence that mutually beneficial blockchain-based partnership provides the chance to create a more secure and transparent platform for a new generation of VR content creators, permitting them to seamlessly showcase their work to a global reach of businesses, from start-ups all the way up to big corporations.
The Origin Protocol is a San Francisco-born technology that offers a sharing economy marketplace, allowing buyers and sellers of fractional use goods and services to transact on a distributed open network. A well-known capital investment company Pantera Capital which primary focuses on lucrative blockchain startups has backed the project.
As the mission of ImmVRse is to become a pioneer of VR decentralized platforms helping virtual reality users to promote their talents and offer services to businesses in a cost-effective and feasible way, eventually it had to come up with an innovative approach to bypass the most common pitfalls of the VR industry.
While major centralized platforms possess risks of server downtime and data breaches, ImmVRse aims to create a new distributed application layer that will contribute to a smooth and uninterrupted performance. This layer is set to offer cryptographic secure processes to encrypt sensitive user data, while indexing information on decentralized nodes using Interplanetary File System (IPFS) gateway.
By utilizing Origin Protocol’s open-sourced platform built on the Ethereum blockchain using HTML and JS, ImmVRse can deploy these functions seamlessly and effortlessly. As a result, the development lifecycle period becomes shorter.
Additionally in terms of this partnership, ImmVRse was allowed to leverage Origin’s engineering team, in order to build the envisioned autonomous platform. Evidently, by building with Origin in mind, ImmVRse essentially facilitates VR content creators and users to secure their assets as well as assists in shifting control of the sharing economy to its users by offering benefits to a largely unbanked population around the world.
The team of Origin was excited to support the decentralized VR marketplaces and hopes that in the future ImmVRse continues to be surprised by the types of applications that will run on Origin Protocol technology.
Farabi Shayor, Co-founder and CEO, ImmVRse added:
“The partnership with Origin Protocol offers numerous opportunities to integrate our vision of creating a content driven platform for the VR industry. Through collaboration, we can enter the market sooner than forecasted and we look forward to creating a longstanding mutual strategic partnership.”
Hereafter this collaboration seems to reap benefits for both ImmVRse and the Origin team while in the meantime it has beneficially contributed to the fulfilment of their long-term vision in building the most efficient and effective blockchain-based VR marketplace and platform for hiring VR content creators.
Sofiko is a freelance fintech copywriter at Coinspeaker.
With a Bachelor degree in International Business and Economics, Sofiko has been deepening her knowledge of an agile innovative industry primary focusing on the robust blockchain technology and cryptocurrencies. As a bank employee, Sofiko particularly keens on crypto and blockchain integration into the established banking systems.