NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced in a news release it intends to debut its 3D-AR-360 Ad Network in late 2019-early 2020, a new revenue channel that the company believes should drive significant growth next year.
"With our new 3D-AR-360 ad network, brand managers, agencies and online e-commerce channel managers will be able to use our proprietary 3D asset creation capabilities to create immersive ads that have shown a 200–300% uptick in click-through rates," CEO Even Gappelberg said in the release.
The three-dimensional-augmented reality-360 degree network is part of NexTech's AR omnichannel platform that encompasses: AR for e-commerce, AR in Chat, its ARitize App and its AR University for education and training. The company will leverage all of these platform components and related relationships to further develop its 3D-AR-360 ad network.
"The biggest challenge in creating 3D ads is the creation of the 3D asset itself," the release noted. "NexTech will have a distinct advantage as it will be the only company to offer an end-to-end solution, both creating the 3D assets as well as serving up the ads."
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