Nextech (CSE: NTAR) (OTCQB: NEXCF) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, today announced the closing of multiple new 3D modeling deals for ecommerce. According to the update, the deals provide the company with a growing base of annual recurring revenue (“ARR”) and monthly recurring revenue (“MRR”). “We are seeing an acceleration in demand for our suite of Web3 products by simultaneously signing on new clients to ARitize 3D expanding into new industries, while renewing with existing clients for more 3D models, which means our 3D/AR product offering is now being recognized as providing a high ROI for the global ecommerce ecosystem,” said Nextech AR CEO Evan Gappelberg. “We have positioned ourselves as the lowest cost, most scalable and highest quality 3D model provider by leveraging our AI and ML technologies, which are patent pending. We believe 3D models will become the standard in e-commerce and that 3D models are estimated to have a TAM of $100 billion, which we are going after day by day through these customer wins.”
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About Nextech AR Solutions Corp.
Nextech is the engine accelerating the growth of the metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale, making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. Nextech’s platform-agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events, and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. For more information about the company, visit www.NextechAR.com.
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