Cappasity Announces Partnership With Elysian
The innovative AR/VR company Cappasity has recently announced a partnership with the new blockchain-based Ecommerce platform, Elysian. Cappasity is a multifaceted cloud-based platform that uses 3D digital assets for various functions:
The platform uses blockchain technology to accomplish this in a practical manner that brings an unprecedented level of creative AR/VR content solutions. The current industry standard exposes vulnerabilities in terms of groundbreaking VR technological implementation. In addition, the industry lacks high-quality 3D content since production of 3D content is slow, labor-intensive, and expensive. While there are some projects in the blockchain space that have aspects of their project related to AR/VR/AI functions, very few actually focus solely on it as the main selling point of their project. For this reason, Cappasity is well-positioned in a niche that currently has room for rapid growth, and also has very little competition at the moment.
In addition to the aforementioned details, perhaps one of the strongest aspects of Cappasity is the ability for its technology to be integrated into the Ecommerce market. There are several blockchain projects whose only target industry is the blockchain space due to the fact that their technology lacks diversity and scalability. Cappasity provides services that transcend the boundaries of the blockchain industry to appeal to a large number of businesses for potential collaboration opportunities.
The versatile capability of integration of Cappasity is precisely why this partnership with Elysian is lucrative for both projects. Elysian is a decentralized Ecommerce platform that allows Ecommerce merchants to build customized websites on the blockchain. The platform improves security by storing data across a distributed private network using Ethereum’s private side-chain for Proof-of-Authority consensus. In addition, the platform creates enhanced user experience through the implementation of Artificial Intelligence for virtual assistance and simple website navigation, and Virtual Reality to promote increased user engagement to lower bounce rates in Ecommerce.
Since Virtual Reality is an important aspect of the Elysian ecosystem, Cappasity provides an effective solution to make the integration of their 3D digital assets the perfect fit. The Ecommerce industry specifically lacks revolutionary 3D/VR implementation to capture consumers’ attention. While some Ecommerce websites may have 3D widgets, the vast majority of them only present minor 3D details. Ecommerce merchants that launch their websites on the Elysian platform will be able to provide several useful 3D features to their targeted demographic of consumers. The most significant feature directly involves the integration of Cappasity’s services.
Users that are navigating across websites on the Elysian platform will have the ability to view products with intensely vivid graphics provided by the 3D/VR integration of Cappasity. The ultimate objective is to provide an active level of engagement that mimics an in-store experience, except the process will be done from the comfort of their own homes. Consumers will select products that interest them, and will have several methods available to pay for these products through the atomic swap feature that allows users to transfer their assets from one cryptocurrency to another. When the user clicks on their desired item, they will be presented with a 3D virtual view, provided by the technology of Cappasity, of all aspects of the product that go into incredible detail. They will be able to see subtle details, such as materials, small intricate designs, and tags. The individual will then be able to click just once, or tap with their finger, to purchase the desired item. This provides a level of convenience that is currently non-existent in both the Ecommerce and blockchain industry. Simplicity ultimately brings higher traffic, and higher traffic usually results in increased revenue.
After extensive analysis it is easy to see why both parties are excited about this partnership. The hybrid combination of Ecommerce and blockchain that the Elysian project provides is lucrative to Cappasity because they can use their technology in an industry (Ecommerce) that has a massively large user base compared to that of the blockchain industry. This will allow Cappasity to instantly grow and also open up doors for them to work with other Ecommerce businesses in the future. Elysian also benefits from the ability to provide an incredibly innovative 3D/VR experience to consumers on their platform to both increase user engagement and lower bounce rates. The collaboration of two of the most diverse, promising projects in the blockchain industry give ample reasons to believe that the future is bright!