Augmented and virtual reality metaverse platform OVR started December 2021 with a blast.
However, amid broad negative market sentiment due to an escalation of geopolitical tensions between Russia and Ukraine, its native token, OVR, saw a 50.52% decline since its all time high of $3.3213 on 2 December to $1.6431 at the time of writing (25 February 2022).
Following recent news that the platform decided to move to the Polygon network from Ethereum in an attempt to tackle scalability, what is the outlook for the OVR coin price prediction for 2022, 2025 and 2030?
What is OVR coin?
OVR is a decentralised augmented reality (AR) and virtual reality (VR) metaverse project which merges the physical and virtual worlds.
AR allows users to add different types of content to their surroundings, including audio, video two-dimensional (2D) and three-dimensional (3D) animation.
The metaverse can be accessed via a mobile device or smart glasses, through which users will be able to experience interactive augmented reality experiences.
According to the platform’s whitepaper, OVR aims to become the reference decentralised platform for AR content.
The metaverse is built on the Ethereum network and is powered by the OVR token, an ERC-20-based cryptocurrency.
The platform is made up of the OVR ecosystem, a digital layer that covers the entirety of the Earth’s surface with 1.6t hexagons. Each of these hexagons is known as an OVRLand and have specific geographical position points on the Earth’s surface and a standard 300 square metre dimension.
OVRLands can be further divided into seven hexagons, allowing players to have more precise localisation.
They act as non-fungible tokens (NFTs) and can be sold, auctioned and rented via the platform’s native marketplace.
The game starts when users purchase an OVRLand and become an OVROwner.
OVROwners can adjust and enhance their lands with a number of AR experiences known as OVRExperiences which can also be purchased through the…
