Memento’s business model

redBUX
3 min readMar 15, 2018

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Memento’s business model may look quite complex at first glance, however, the individual areas in which our business model is structured can be explained in a few minutes.

vrXcity is not only a platform on which you can interact virtually with stars, but also a platform on which third parties can publish and share their content. For this purpose, me.mento develops a software which is made available to the third party provider for a fee (in redBUX). Using this software, the third-party content can be made available and retrieved on vrXcity. The customer pays a fee in redBUX for this exclusive content. Due to the blockchain technology used, the amount is paid directly to the third party provider and me.mento receives its fee at the same time. The advantage of this payment method is that payments can be made quickly, securely and anonymously in the ecosystem of vrXcity.

The user has numerous possibilities in vrXcity. This allows him to interact with the stars, either by paying a monthly fee or by paying for the interaction with the chosen star. The payment is also completely anonymous via redBUX.

In addition, it will be possible for users to create their own scenarios. The user can select from different stars and create his own scene. Location, actors and actions are combined independently and at will. In this way, the consumer becomes a producer himself. The finished scene can then be recorded and made available to other users on vrXcity. The use of redBUX means that the “producer”, the platform vrXcity and the actors appearing in the scene receive their share of each transaction — and above all, it is secure, anonymous and fast.

Furthermore, products can be placed and advertised in the ecosystem of vrXcity. Shops can also be designed so that the products can be purchased directly. And the unique thing is, they can even be used and tested in vrXcity in advance. For this the advertiser pays a fee (in redBUX). Thanks to the blockchain technology, the advertising partner receives a direct share in the sale of products.

Another user group is the actors. It doesn’t matter if they are experienced in front of the camera or appeared in dozens of movies. The actors are scanned by memento and brought to life with their own motion capturing studio. This way they can be used later in vrXcity and make the user happy.

vrXcity is the first VR-platform that makes interactive actions possible, in which all actors are equipped with artificial intelligence, everything that is legally allowed is possible, provides exclusive contents and above all contents can be created directly by users independently. Through scanning and motion capturing, the movements of the individual actors are completely natural, completely new experiences can be made and through research and development, touches can also be felt. Some partner companies are already on board and some exclusive content is already being worked on.

If you want further information about vrXcity, just drop us a line or visit our Telegram group (redbuxico) or website.

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