Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) has announced that its ARitize 3D WooCommerce app is now live and available, allowing eCommerce merchants on the platform to transform their online stores into dynamic virtual 3D showrooms.
The low-cost self-serve app is a major expansion opportunity for Nextech AR’s ARitize 3D model-making business as WooCommerce powers approximately 30% of all online stores, Nextech said.
“The launch of the WooCommerce app is a major milestone for Nextech AR and our ARitize 3D modeling solution,” Nextech AR CEO Evan Gappelberg said in a statement.
“The WooCommerce integration provides the company with another major distribution channel, and allows our ground-breaking technology to be placed in front of millions of additional e-commerce merchants,” he added.
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Gappelberg noted that the strong growth that ARitize 3D has seen in the first half of 2022 will accelerate in the remainder of the year with the launch of the new app as the e-commerce industry shifts to Web 3.0 and emerging digital technologies.
“We have already integrated with Shopify and BigCommerce earlier this year, and with the addition of WooCommerce, we are positioning ourselves to be the 3D model supplier for the entire eCommerce ecosystem, which is massive,” he added.
Nextech AR powers some of the world's most successful B2C and B2B brands, and has what it believes is the most powerful, scalable, AI-powered 3D/AR technology in the market.
The company is already working with large retailers including Kohl’s, Lighting Plus New Zealand, Pier 1, Kmart Australia to showcase thousands of 3D models to tens of thousands of consumers, it said, adding that the WooCommerce app will expand its reach to small and medium-sized eCommerce websites.
With the software, WooCommerce merchants are expected to generate as much as a 94% increase in click-through rates and a 40% reduction in returns online, it added.
Nextech AR 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, as well as giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse.
The company funds the development of its AR and Metaverse growth initiatives through its eCommerce platforms, which currently generate most of its revenue.
Contact the author at jon.hopkins@proactiveinvestors.com