Through your VR glasses: A Startup Sets Up A Virtual Apartments Contest

MARK.SPACE, an ambitious Singapore-based startup with Russian roots, has recently made a visual designer construction kit publicly available, and started a 3D design competition among its users promising massive token rewards. In addition, the platform has cooperation agreements with such partners as Jaguar Land Rover, GAS Jeans, Desigual, Trussardi, Baldinini, Patricia Pepe, Liu-Jo, Dstrezzed, Satorisan and others. Therefore, there is no need for a SOFT-CAP installation.

Imaginary rooms and real tokens

Founded in 2015, MARK.SPACE[1] is showing great promise, and it is one of a few VR startups that has decided to develop a platform built on its own Blockchain[2].

The project represents itself as “one-of-a-kind platform where anyone can create their own 3D website or unit that is compatible with VR — in a fast and easy way”. This also has applications in business-to-business transactions – users can apply the model for business, e-commerce and communities.  

Following the project’s roadmap, a concept development decentralization platform was finished in July 2017. And in the end of 2017 the project launched a 3D constructor for users.

On February 9 2018, MARK.SPACE management announced a virtual real estate[3] contest for the project’s participants. The so called “Best Apartment” contest allows all registered users to create from scratch a 3D and VR compatible online web-space, or unit, as the company calls it.

According to the announcement, the contest will end on February 28 2018 and will include three nominations: “Best Creative Job”, “Best Content”, and “Community Favorite”.

The most popular submissions in each nomination will be awarded a large amount of MRK tokens – the platform’s internal currency. Submissions are to be published either on Facebook or Twitter, with all votes coming from the platform’s large community, the announcement says.

Make it real, virtually!

According to the project’s white paper[4], the MARK.SPACE universe consists of multiple VR spaces (units), in which each unit can be linked directly to its own top-level domain.

“The property right to the units is guaranteed by recording all transactions involving units (creation, sale, purchase or rental) on the Blockchain”, says the white paper. All unit owners may buy, sell or rent their units to others using smart contracts.

The startup has already invested more than $5 million USD of personal funds in the development of the platform and currently has a working prototype[5].

The first stage of MARK.SPACE tokensale closed on February 7 2018 and the company has succeed to raise $7 million. The hard cap of this stage was $35 million. The second stage is planned for January 2019, after the goal of Blockchain implementation will be reached.

An internal currency – the MARK token (MRK) – is a utility token allowing all users to sell and buy VR spaces and objects, consume various goods and use services, pay salaries to their employees and to buy advertisements to promote their businesses through the platform.

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