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Highlights
- The OVR cryptocurrency is a decentralised infrastructure platform that aims to bring augmented reality (AR) and the physical world on one platform.
- The Ethereum blockchain provides OVR crypto with the base layer, which allows the users to get ownership.
- Around 7:00 am BST, OVR was, in fact, up by 8.81%. OVR was trading at US$2.84 with a 24-hour trading volume of US $5,701,659.
The OVR cryptocurrency is a decentralised infrastructure platform that aims to bring augmented reality (AR) and the physical world on one platform. Operating on the Ethereum blockchain network, the OVR crypto gives the users a fully immersive and interactive experience by hosting and visualising mobile geo-located AR and virtual reality contents.
The Ethereum blockchain provides OVR crypto with the base layer, which allows the users to get ownership. At the same time, OVR also uses the Interplanetary File System (IPFS) for the decentralised storage of OVRExperiences.
Should OVR crypto be on your watchlist?
OVR has been up ever since it announced that it would enable a payment system through the Binance Smart Chain system. This would enable the users to get the ownership of the OVRLands NFTs and provide a minting facility of OVR. Besides that, the payment transactions for OVR will also be possible both on Ethereum and BSC.
What makes OVR unique?
The OVR token gives the artists the opportunity to connect with fans in a meaningful manner. As it's decentralised, the users stand a chance to be rewarded based on the performance on the network. Besides, the users get staking opportunities on the OVR platform, and the users are rewarded for the first three years after the platform launch.
Also read: How can taxing of crypto exchanges change things in UK?
The users also get the opportunity to buy virtual land called the OVRLands and mint their own tokens on it. As OVRLands are ERC-721 NFT, they can be tuned and enhanced and can be used to rent, trade or auctioned later.
Is the OVR token worth considering?
OVR token is ranked 2903 on CoinMarketCap. The payment clearance on the Binance Smart Chain platform adds an alternate feature that has ushered the market participants as it gives them an additional payment option and saves up on the fees much lower.
Also read: How entry of foreign crypto exchanges can change the Indian market
At the time of writing (BST 7:00 am), OVR was, in fact, up by 8.81%. OVR was trading at US$2.84 with a trading volume of US$5,701,659 in past one day. The fully diluted market cap of US $265,841,530 and a total market supply of 95,000,000 OVR coins. From the volume point of view, it was up by 83%, indicating that there is enough market interest from the investors.
According to market experts, OVR could be an ideal investment that is looking to invest long-term. With the world moving towards metaverse, OVR could well be the one to look out for in near future. Investors are predicting a five-year gain by +170% and expect the price could escalate to US $300 by 2026 if the rally continues.
