ImagineAR Inc. (CSE:IP, OTCQB:IPNFF) has announced the signing of a three-year partnership agreement with Hip Hop Hall of Fame Inc to provide a custom mobile app delivering immersive metaverse experiences that guarantees a minimum revenue of US$95,000 per year for the augmented reality (AR) platform.
The Vancouver-based ImagineAR said it will also work with 4Front Development, a New York City-based company specializing in real estate, finance and business development strategies and solutions for start-up and established companies, on the project.
“ImagineAR is thrilled to work with both the Hip Hop Hall of Fame and 4Front Development to deliver a metaverse mobile app featuring virtual museum experiences, holograms, and premium multi-channel interactive content,” ImagineAR CEO Alen Paul Silverrstieen said in a statement.
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Hip Hop Hall of Fame is a chartered non-profit museum and educational institution formed to promote and preserve the past, present and future of hip-hop music and cultural arts, and to highlight the role of hip-hop music and culture in the broader urban culture and its social impact in the world.
Hip Hop Hall of Fame CEO JT Thompson said: “Working with 4Front Development, we are targeting to unveil The Hip Hop Hall of Fame & Hotel Mega Residential Entertainment Complex located in the heart of New York City in 2025. In the interim, the new mobile app by ImagineAR will deliver virtual museum experiences and multi-channel metaverse experiences featuring hip-hop music artists and cultural immersive content to fans around the world starting in 2022. It will integrate dynamic experiential engagements with sponsored exclusive content to Hip Hop fans around the world, including Hip Hop Hall of Fame co-branded artists and membership NFTs and a virtual world metaverse."
"The first metaverse prototype has been designed by our partners and will go live in the fourth quarter of 2022, as we continue our ongoing talks with various blockchain companies to finalize a strategic web3 tech and marketing partner to power the Hip Hop Hall of Fame NFTs and Metaverse, the “Hip Hop Universe”. Imagine AR mobile app will provide a safe community space and friendly eco-system for the Hip Hop fans, artists, celebrities, and influencers to express their creativity and experience real life and virtual world live events and content," Thompson added.
Chris Eddy, co-founder of 4Front Development, commented: “We have been focusing on large-scale projects that merge hospitality, entertainment, and technology. As the Lead Consultant for the new Hip Hop Hall of Fame & Hotel Entertainment Complex in NYC, we selected ImagineAR to be the metaverse app provider to build a global community and drive revenue prior to the launch of the physical buildings in two years.”
“We expect this mobile app to be one of the most dynamic and leading museum virtual experiences ever produced to date. Thank you to Chris Eddy and JT Thompson for having the confidence to bring ImagineAR as a key technology partner," ImagineAR CEO Silverrstieen added.
ImagineAR is a self-publishing augmented reality (AR) platform that enables organizations of any size, from professional sports franchises to small retailers, to create and implement their own AR campaigns, with no programming or technology experience required. With analytics to track customer interactions in real-time, the AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies, and is available as an SDK plug-in for existing mobile apps.
Contact the author at jon.hopkins@proactiveinvestors.com