Terra Virtua • White Paper
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WELCOME TO THETERRA FUTURE VIRTUA • WHITE PAPER TERRA VIRTUA WILL CHANGE VR ENTERTAINMENT. Terra Virtua is harnessing the potential of the VR entertainment industry, predicted to be worth over 18 billion within the next few years. Our disruptive business model will aggregate the existing VR marketplaces and serve all entertainment content via a single blockchain-driven, social, immersive platform. This technical and commercial innovation will encourage faster adoption of VR itself and propel the industry forward, with the Terra Virtua team at the forefront. ROBUST BLOCKCHAIN ECONOMY REVENUE CREATING BUSINESS MODEL WORLD CLASS MANAGEMENT TEAM SUPPORTS ALL MAJOR VR PLATFORMS CONTENTS Welcome to Terra Virtuatm ......................................................... 1 Revenue Model ...................................................................... 10 Games, Attractions and Esports .............................................. 2 Driven by Blockchain ............................................................. 11 Sports, Concerts, Live Events .................................................. 3 Terra Virtua Currency (TVA) ................................................... 12 Terra Forma ............................................................................. 4 Initial Coin Offering ................................................................. 13 The Terra Virtua Experience .................................................... 5 TVA Token Sale ....................................................................... 14 Companion App ....................................................................... 6 Allocation of Proceeds ........................................................... 15 Immersive Realities ................................................................. 7 The Company ......................................................................... 16 Roadmap ................................................................................ 17 Industry Partnerships .............................................................. 8 The Team .......................................................................... 18-20 VR Market Analysis and Predictions ....................................... 9 Press ...................................................................................... 21 WHITE PAPER THE ONE SOURCE FOR VR ENTERTAINMENT Terra Virtuatm is a unique, blockchain-driven VR platform, a VR ecosystem delivering all forms of entertainment within a virtual world, and supporting all of the top VR hardware brands The platform will be comprised of: 1 INTERACTIVE INTERTAINMENT 2 PREMIUM EVENTS 3 USER-GENERATED CONTENT Premium games and attractions, Concerts, Sports and other Live Monetiseable User-created VR including eSports, from events in VR content, created using our Terra established games developers, Forma toolkit. which can be accessed via a Netflix-style monthly subscription. WHITE PAPER PAGE 1 GAMES, ATTRACTIONS AND ESPORTS Terra Virtua has partnered with many games developers and studios, including Epic Games and MakeReal, to bring the best VR games and experiences to the platform. We are not only taking existing top games currently on the market, but also we are funding development of new games to ensure we have exclusive and desirable content to drive even more users to this disruptive platform. This ensures a diverse portfolio of exciting games from launch. We are actively in discussions with eSports companies, bringing another highly-sought sector to the platform. Newzoo has forecasted eSports revenue to grow to $1.5b by 2020 with brand investment doubling by this point. Terra Virtua allows tournament hosts to offer a whole new spectator experience in a 360 virtual environment. All of this content will be provided to consumers at an affordable monthly subscription, giving unlimited access to all of the above similar to the Netflix model. WHITE PAPER PAGE 2 SPORTS, CONCERTS AND LIVE EVENTS VR consumers and players will enjoy watching events such as sports events, cinematic broadcasts, concerts and theatrical performances, all in VR as if they are there. There are plans to have virtual arenas spread throughout the Terra Virtuatm platform. Terra Virtua is already in discussions with sports leagues, concerts right holders and event organisers to offer these premium events inside the Terra Virtua platform. Companies who have recorded previous events have not had a platform to offer these events in the past, or lacked the expertise and user traffic to capitalise on the technology. The Terra Virtua platform will enable these events to be viewed in full immersive reality and drive new users to an entirely new way of enjoying attractions. Imagine watching the World Cup, or the Superbowl as if you were there - experiences like this will be possible in the future. This content will be offered via a premium/pay-per-view model. WHITE PAPER PAGE 3 TERRA FORMA - USER GENERATED CONTENT We are working with Epic Games to create a simplified version of their Unreal Engine - the software backbone of the most sophisticated 3D videogames on the market. ‘Terra Forma’ will be a simple, but powerful, toolset allowing all Terra Virtua users to create their own content, be it games, experiences or other attractions. These experiences will be then be hosted in Terra Virtua allowing users to monetise their experiences. Epic Games, with their top game ‘Fortnite’ currently earning over $100m per month, have developed the Unreal Engine which will drive Terra Forma. The Terra Forma tools will be free for all users, and we anticipate this being one of the most popular aspects of the platform, as demonstrated by the huge adoption of User Generated Content in Minecraft and Roblox. WHITE PAPER PAGE 4 THE TERRA VIRTUA EXPERIENCE When you enter Terra Virtuatm the player enters a unique Virtual Environment. With accessible and intuitive navigation you can enter portals taking the player to any experience they choose, be it solo or team games, attractions, events and much more. The Terra Virtuatm platform is divided into zones which host portals, leading to attractions. Different from traditional Virtual Worlds, Terra Virtua employs an intuitive and simple navigation system which allows the user to be instantly transported to any point in the platform You are represented by your own virtual avatar or ‘vFlect’ which acts as your companion and guide in Terra Virtua. Your friends are also represented by vFlects, making Terra Virtua a place to meet, chat, play games or attend events together. Terra Virtua will be a very social environment, creating new communities and relationships through joint experiences. Terra Virtua will ensure the entire VR community has access to our platform by being hardware agnostic and will support all of the major VR technologies. WHITE PAPER PAGE 5 THE COMPANION APP Terra Virtuatm doesn’t end when the VR headset is removed. The Augmented Reality (‘AR’) companion app is a real-world connection to the platform. If a player is not wearing a VR headset but still wants to interact with Terra Virtua, they simply open their app. Via the app, players can browse the marketplace for digital assets, be pushed new and engaging content, special offers and can add shortcuts to new experiences they may want to try later in Terra Virtua. Players can enter an AR portal inside the VR world, to watch their friends play games, update their VFlect or interact with other players. The app will utilise Artificial Intelligence (AI) to understand user behaviour and present them with tailor made, user specific information, based on their interests and behaviour. It will enable you to bookmark experiences, store your achievements, rank, status for different games and plan gameplay experiences with friends. The app acts as a messaging and meeting system between the visitor and their friends and will also allow interaction directly with their Vflect in fun single and multiplayer minigames. A truly intelligent AR app, this will offer a fun and immersive companion application to the core experience. WHITE PAPER PAGE 6 IMMERSIVE REALITIES Terra Virtua is the beginning of Virtual Reality 2.0. A vision which was shown in the recent ‘Ready Player One’ movie. With features and functionality that place the focus purely on the user experience and the content within that environment, Terra Virtua will provide more ‘real world’ capabilities than any other VR experience. Imagine taking a selfie of your VFlect (your VR avatar), sending a snapchat from inside Terra Virtua, posting to any social media platform, or even ordering a Domino’s pizza without leaving the magic of the VR environment. For the first time in a VR gaming experience, users will be able to cash out their TERRA through their cryptocurrency wallet (enabled by the ERC 20 blockchain) into fiat for real world use. By enabling real world activities from within Terra Virtua, and by interfacing with IoT (internet of things) enabled products outside of Terra Virtua, the user will experience a mixed reality like never before. Over the long term we expect user behavior and demands to adapt to this cryptocurrency economy, creating a new type of user, where their gaming has direct impact on their real lives. WHITE PAPER PAGE 7 INDUSTRY PARTNERSHIPS Terra Virtua has partnered with Epic Games, creators of the worldwide phenomenon Fortnite and top VR game Robo Recall, to bring their content to Terra Virtua. Epic Games’ Unreal Engine will form the core of the 3D platform across Terra Virtua