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Key Deal Facts
Unlocked Reality’s platform aims to transform locomotion in a virtual environment. Say goodbye to rigs, harnesses, and clunky devices as our patent pending design provides freedom in movement.
There is a huge demand for products that support VR, XR, AR and the metaverse. VR adoption stats for 2020 showed that there were 57.4 million VR users in the US and 90.9 million AR users, according to Finances Online.
Our target market of enterprise is still in very early adoption of VR products. Capgemini Research Institute’s 2018 research showed that 82% of companies that are currently in the process of implementing AR and VR solutions say the benefits are either meeting or exceeding their expectations.
The global augmented reality (AR), virtual reality (VR), and mixed reality (MR) market is forecast to reach 30.7 billion U.S. dollars in 2021, rising to close to 300 billion U.S. dollars by 2024 . Yet, we believe there are no great VR platforms.
We believe Unlocked Reality has the marketing and product-design potential to spearhead the virtual reality movement.
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
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