HODL THAT! #11 – Vibes of Profit
Our friends from CryptoMedics recently published an extensive piece about VIBEHub in their CryptoGem series – and that for a reason! From May 4-5 the VRLA (VirtualRealityLosAngeles)- conference takes place. The VRLA is the „THE WORLD’S LARGEST IMMERSIVE TECHNOLOGY FESTIVAL“.
Among many others the conference is sponsored by Microsoft and Intel which shows the relevance of the it. Not only is VIBEHub one of the sponsors but also they will give a presentation about
„the implementation of volumetric video technology on the VIBEHub platform and will display the profound effects it will have on our society.“
This conference is the perfect opportunity to present their innovative tech to big companies and look out for potential partnerships. This looks like a solid short term trade and a great long term hold anyways.
VIBEHub is a technology platform with the capacity to create virtual reality marketplaces and hubs, allowing users to buy and sell experiences far beyond the possibilities of traditional technology. All transactions on these hubs will use VIBE, an ERC20 token. What differentiates VIBEHub from traditional Virtual Reality applications is the ability to capture visual performances in Volumetric Video (Holoportation Technology). This will allow for a closer and more intimate interaction with artists, educators or instructors.
VIBEHub provides artists and educators the platform to reach millions of viewers, in one stream in VR while the hybrid combination of Blockchain and off Blockchain solutions facilitate micro transactions. No gas. Instant transactions. no middleman. What does this mean for the user: You will be able to attend concerts, education seminars, play games and go on virtual dates all in VR on the VIBEHub application. The only thing you will need is a VR-glass like the Oculus Rift. Its worth mentioning that Oculus who is a big player in the VR industry is already an official partner, so is Sony Playstation, Monster Technology Group and Microsoft HoloLens – just to name a few.
Token use case
In order to watch concerts, partake in education seminars and workshops, attend
meet & greets and go on Virtual Dates, You must pay in the VIBE currency to attend these events
and social activities. VIBE can also be used to purchase digital assets, and vote on the platform
as well. So basically the token acts as a payment gateway which must be used.
Why are we bullish on VIBE?
VR is a very fast emerging industry with an enormous potential. Estimates show that probably the market for VR will grow over 100 Billion dollars until 2020. VIBE has the potential to be one of the leaders in the industry. The team is taking huge steps to go mainstream. They are aiming to announce a „mainstream artist“ and showcasing him/her on the VIBEHub platform in March. They have already established great partnerships and do a good job in terms of networking and marketing.
VIBEHub could also provide a great service to future generations. They will record the public figures of our generations and will be able to transport these events to future generations. There are many great use cases and industries, such as Music, Education, Gaming, and Dating that can be heavily influenced by VR and VIBEHub. The first-mover advantage + taking into consideration what they have already achieved, we see VIBEHub as one of the future industry leaders. Assuming that the whole industry is still in the
fledgling stage, the market cap can easily grow times 5+ times from here. Even 10x is possible.
We expect a minimum market cap valuation of 400 Mil USD this year, however, we are confident that it can go up a lot more depending on the industry growth, partnership announcements, and adoption. Considering the ATH of USD 2.4 (USD 417 million market cap) it’s a great entrance point at the moment.
In terms of the roadmap, we can expect great things for 2018.
For Q1 the Integration of their off-chain solution for micro-transactions will be implemented. Moreover, we will see VR performances live on the beta platform using the VIBE currency in Q1-Q2. This is another confident booster. Seeing the VIBE currency in use will most likely trigger more adoption and should give significant value to it.
The release to all VR/AR hardware platforms is planned for Q4, so that we can expect another major milestone by the end of 2018.
VIBE Token Facts