ImagineAR (OTCQB: IPNFF) and Liquid Avatar Launch Oasis Digital Studios to Support the Development, Management, and Distribution of AR Enhanced NFTs

Rhea-AI Summary

ImagineAR Inc. (OTCQB: IPNFF) and Liquid Avatar Technologies Inc. (OTC: TRWRF) launched Oasis Digital Studios, focusing on AR-enhanced NFTs. With NFT trading volume exceeding $340 million last month, Oasis aims to support artists and brands by creating interactive NFT experiences using augmented reality. The studio will manage various digital assets while sharing revenue with partners. The Liquid Avatar Mobile App, launched in February 2021, enables users to manage digital identities, providing a platform for AR NFTs.

Positive

• Oasis Digital Studios established to develop AR-enhanced NFTs with potential for significant market impact.
• Strategic partnerships aimed at revenue sharing with artists and brands in a rapidly growing NFT market.

Negative

• None.

Dapp Radar Reported trading volume across the top three NFT marketplaces exceeded $340 million USD last month alone.

VANCOUVER, BC, TORONTO and ERIE, Pa., March 10, 2021 /PRNewswire/ - ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF), an Augmented Reality platform company, and Liquid Avatar Technologies Inc. (CSE: LQID) (OTC: TRWRF) (FRA: 4T51) ("Liquid Avatar Technologies"), a global blockchain, digital identity and fintech solutions company are excited to announce that they are launching Oasis Digital Studios ("Oasis") (www.oasisdigitalstudios.com).  Oasis is an agency supporting the development of AR Enhanced Non-Fungible Tokens (NFTs) together with listing, marketing, management, and other creative, avatar and digital icons, technology and blockchain services. The premier NFT artist and talent program offering is expected to launch in early April 2021.

A Non-Fungible Token, or NFT is a digital asset that represents a wide range of tangible and intangible assets like digital and conventional artwork, collectibles, memorabilia, and other items. However, unlike typical NFTs which are generally digital video or images that represent "moments in time" like an NBA Top Shot or piece of artwork, Oasis will be creating and deploying embedded AR "triggers" in each Oasis supported NFT, and to support and introduce NFT programs, brands, and participants.  This will allow users to engage in enabled immersive and "living" shareable experiences through the Liquid Avatar Mobile App and AR enabled websites. 

"David Lucatch, CEO of Liquid Avatar, and myself have a long track record in the sports, entertainment, collectible and memorabilia industries. Oasis is the culmination of our decades of experience and professional relationships to deliver world class AR activated NFTs to be experienced in the Liquid Avatar Mobile App "stated Alen Paul Silverrstieen, CEO of ImagineAR.com.

Oasis has brought together leading individuals and organizations in blockchain technology, computer graphics, augmented reality, entertainment, art, sports, gaming, music, media, comic book, memorabilia, and pop culture arenas to support the fast-paced emergence of the NFT marketplace. 

With opportunities already in process, the Oasis model is to create an ongoing partnership with artists, sports personalities, talent, brands, and organizations, and share in the ongoing revenue of the initial sale and any residual sales, creating potential royalty-type revenue relationships.  The initial program offerings will consist of digital artwork, with the expected expansion to trading cards, limited editions, and series, and physical product programs.

"Liquid Avatar icons have been developed with an eye towards blockchain verification and collectability.  With the recent interest and consumer frenzy in NFTs, with an estimated $340 million in sales in the past month alone, ImagineAR and ourselves felt that it was appropriate to join forces with other industry leaders to provide our unique knowledge and expertise in digital identity, augmented reality, gaming, icon and media production, security and blockchain technologies," said David Lucatch, CEO. "Our goals are to support artists, entertainers, major league sports personalities, memorabilia and authenticated product producers, and others in this fast-paced emerging market with innovative solutions, like augmented reality, while staying true to our roots, creating value for both ours and ImagineAR's stakeholders."

The Liquid Avatar Mobile App, featuring user created digital icons that allow users to manage, control and create value from their biometrically verified digital identity, officially launched globally in the Google Play and Apple App Store on February 18, 2021.  With the foundational 1^st phase already available, the Liquid Avatar app will launch updates in phases, with new features expected monthly.  The Company believes that as it plans to provide future features, regular releases will provide users with the opportunity to familiarize themselves with existing features before moving on to more comprehensive services and the opportunity to manage their digital identity and verifiable credentials.

About ImagineAR – www.imaginear.com 

ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD
Alen Paul Silverrstieen President & CEO (818) 850-2490
https://twitter.com/IPtechAR 
https://www.facebook.com/imaginationparktechnologies 
https://www.instagram.com/iptechar 
https://www.linkedin.com/company/imagination-park-technologies-inc 

About Liquid Avatar Technologies Inc. –www.liquidavatartechnologies.com 

Liquid Avatar Technologies Inc., through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of Self Sovereign Identity, empowering users to control and benefit from the use of their online identity.

The Liquid Avatar Mobile App, available in the Apple App Store and Google Play is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas.  These icons allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want.  www.liquidavatar.com

KABN North America has a suite of revenue generating programs that support the Liquid Avatar program, including KABN KASH a cash back and reward program that has over 400 leading online merchants and coming soon, an integrated offering engine.  In Canada, KABN also has the KABN Visa Card, a "challenger banking" platform that allows users to manage and control a range of financial services for traditional and digital currencies.  The Company is currently exploring expansion of the KABN Visa program to other geographic regions, including the USA.

Oasis Digital Studios is a creative and development agency that supports a wide range of artists, talent, brands, and enterprises with Non-Fungible Token (NFT) solutions.

Liquid Avatar Technologies Inc. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol "LQID" (CSE: LQID). 

For more information, please visit www.liquidavatartechnologies.com  

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

All websites referred to are expressly not incorporated by reference into this press release.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the timing for the launch of Liquid Avatar apps, the plans for future features of the Liquid Avatar apps, expected geographic expansion, the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: failure to obtain necessary approvals in a timely manner or at all; lack of sufficient capital to expand the Company's geographic footprint or to add new features to the Company's offerings; changes in general economic, business, and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

View original content to download multimedia:http://www.prnewswire.com/news-releases/imaginear-otcqb-ipnff-and-liquid-avatar-launch-oasis-digital-studios-to-support-the-development-management-and-distribution-of-ar-enhanced-nfts-301244250.html

SOURCE ImagineAR

FAQ

What is Oasis Digital Studios by ImagineAR and Liquid Avatar?

Oasis Digital Studios is a newly launched agency by ImagineAR and Liquid Avatar Technologies focused on developing, managing, and distributing AR-enhanced NFTs.

What are Non-Fungible Tokens (NFTs) offered by Oasis?

Oasis offers AR-enhanced NFTs that allow users to engage in immersive experiences through augmented reality technology.

How does the Liquid Avatar Mobile App relate to Oasis?

The Liquid Avatar Mobile App supports Oasis by allowing users to manage and interact with their AR-enhanced NFTs.

What is the significance of the $340 million NFT trading volume?

The $340 million NFT trading volume indicates a booming market, positioning Oasis Digital Studios to capitalize on growing demand for interactive digital assets.