Glossary

Augmented Reality (AR)

Augmented Reality (AR) is an immersive experience that improves the value and usage of real-world items using computer-generated intuitive information sent through a variety of sensory modali

What Is Augmented Reality?

Augmented Reality (AR) is generally characterized as a system that combines the real and virtual worlds and allows real-time interaction and precise 3D registration of virtual and real items/objects. It differs from virtual reality as it affects a person's experience of the world by improving or altering how it communicates with them rather than replacing their real-world environment with a virtual/digital one.
Augmented Reality (AR) has a significant place in the blockchain world. A great example to quote here would be the relation between AR and NFTs. 
Non-fungible tokens, or NFTs, are a form of blockchain-based digital assets. NFTs, unlike other virtual currencies, are one-of-a-kind and cannot be replicated or traded for another of equal value (hence the name "non-fungible"). NFTs are analogous to Pokemon cards or uniquely manufactured coins in this aspect.

NFTs can be any digital item, such as music, movies, pictures, or even tweets.

AR NFTs incorporate AR components and signals, such as the capacity to visualize digital items in your surroundings or on your face/body, whereas normal NFTs are merely depictions of art pieces or moments in time (like photos or movies). 3D NFTs are digital items that may be viewed via augmented reality or other technologies.

To put it another way, AR NFTs and 3D NFTs are virtual reality experiences that can be shared through AR-enabled websites or applications.

Artists (visual artists, digital artists, musicians, video-makers, etc.), auctioneers, and merchants may all benefit from AR NFTs and 3D NFTs since they can produce new revenue streams.

Art NFTs also eliminate the need for middlemen by letting artists interact directly with their audience. Furthermore, unlike analog goods, digital collectibles are software, a fact that implies that when an NFT is resold, the original developer may get a royalty.

Creating your own NFTs is not complicated as you don’t need a lot of technical or crypto knowledge to do it. NFT markets abound, making it simple to transform your artwork (or anything else you've developed) into an NFT.

Developing an AR NFT or a 3D NFT, on the other hand, is a little bit difficult because it necessitates integrating visual signals that enable the digital object to appear in the actual environment. AR NFTs, on the other hand, have the potential to be more profitable. In a market where ordinary NFTs are quickly getting oversaturated, NFTs that allow users to engage in immersive experiences that can be shared with others are a guaranteed way to stand out from the crowd.