Perspective virtual reality streaming platform Spectiv is going to do an ICO.
Spectiv is a dedicated virtual reality streaming platform where users can upload and watch VR video content with any grade of headset. Spectiv’s main focus is to drive the simplest, most relatable VR content to the masses. As the team puts it, Spectiv aims to become the “universal gateway to VR adoption.”
The Spectiv crowdsale will be hosted on the Spectiv site. The crowdsale will begin on August 14th and run through September 4th.
Dedicated VR Content
Due to high equipment costs and lacking content in circulation, many have been reluctant to adopt virtual reality technology. Prospective VR consumers see the Oculus Rift headset priced at $500, but often don’t know what content they could pair it with. This creates a dissonance in adoption, where the average person isn’t able to justify the cost to value of buying VR equipment.
However, with the introduction of affordable mobile-powered VR headsets, this may change. As prospective consumers see mobile-powered headsets priced at under $30, they are becoming much more open to the idea of VR. Still, the problem remains that these consumers don’t easily know what they would do with these headsets. Spectiv aims to change that.
By creating a dedicated platform for virtual reality experiences, VR users will have an immediate destination they can go to with their equipment. Additionally, these experiences will be easily approachable and understood for the novice user; all content on the Spectiv platform will be non- interactive VR video. In this way, the platform will act as a novice introduction to VR.
Signal Tokens (Sigs)
Signal Tokens, otherwise known as “Sigs” will serve as the fuel for this adoption. Sigs are an ERC20 token developed by Spectiv that will be used to generate unique signals to virtual reality content. Signal generators will earn Sig returns for successfully driving attention to VR, creating a powerful incentive to share quality VR media and ultimately accelerate VR adoption.
This protocol supports a network for the exchange of VR attention by rewarding individuals for sharing VR content. In doing this, Sigs will serve as an attention product which inherently incentivizes holders to generate signals to virtual reality. The more attention a user can drive through their signal, the more interest they can earn.
Additionally, as VR adoption grows, the pool of available attention that users can drive to VR content (and the returns they can earn per signal) will grow as well. This means the utility value of a Sig increases proportionately with VR adoption. This attributes an inherently growing market value to Sigs, assuming future growth of the VR industry.
One can directly compare Spectiv’s Signal Token to STEEM or BAT. These token applications could make it so that the blockchain plays a fundamental role in global attention economies moving forward. On some level, this has already been proven by Steemit’s success. Signal Tokens will serve as the next use case for what is possible in blockchain integrated attention networks, while also disrupting the virtual reality space in a major way.