Nextech (CSE: NTAR) (OTCQB: NEXCF) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and 3D model services, has announced the closing of multiple new 3D modeling deals for ecommerce. These provide the company with a rapidly growing base of ARR (annual recurring revenue) and MRR (monthly recurring revenue). “We are in negotiations for a record number of contracts with the biggest names in ecommerce for 3D models that total hundreds of thousands of 3D models with delivery dates starting in 2022 Q4 extended into 2023, which is unprecedented. We see an acceleration of demand for our entire suite of Web3 products,” said Nextech AR CEO Evan Gappelberg. “We are simultaneously signing on new clients to ARitize 3D, expanding into new industries, while renewing with existing clients for more 3D models. Our 3D/AR product offering is now being recognized as providing a game-changing ROI for the global ecommerce ecosystem… We believe 3D models are now accepted as the standard in e-commerce. 3D models are estimated to have a TAM of $100 billion, which is going to keep us very busy producing 3D models for the foreseeable future.”
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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. The company’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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