Toggle3D.ai Inc (CSE:TGGL, OTCQB:TGGLF), the 3D modeling platform, has announced a 75% increase in usage in the fourth quarter.
Developed to convert CAD files into 4K 3D models, the platform currently boasts 27,192 users, with an impressive 97% active user rate.
In a strategic move, Toggle3D.ai said it plans to monetize its user base in the first quarter by introducing a $10 pay-per-use model, expected to align with current platform utilization patterns.
CEO Evan Gappelberg said: "I'm pleased to see Toggle usage rate jump 75% in Q4 and continue to see the usage jump in 2024.
"It's exciting that we have attracted such a diverse group of users in a short period which includes designers, architects, 3D modelers, prototyping and more.
"I believe Toggle can quickly become a daily destination platform as it is the easiest-to-use all-in-one platform for all 3D modeling needs."
In the update, the company said is also gearing up for the much-anticipated relaunch of Toggle3D, featuring Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF)'s innovative AI-powered 3D model search engine.
This advanced technology, recently unveiled, combines computer vision and artificial intelligence, streamlining the 3D modeling process for users worldwide, including the United States, Canada, China, Australia, and India.
This technological advancement positions Toggle3D.ai as a potential industry benchmark, offering a comprehensive solution for product designers, 3D artists, and architects.
The company anticipates this integration, along with its new business model, to drive substantial revenue growth throughout 2024, marking a major milestone in the evolution of 3D modeling tools and services.