Nextech AR Solutions Corp. (“Nextech” or the “Company”), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce the launch of a new major upgrade to the platform. The upgrade includes attendee ticket sales and registration options available to clients using the Map D platform. The Company is also testing a new breakthrough in scaling the creation of spatial maps for events, and especially augmented reality (AR) wayfinding by using Map D technology for its ARitize Maps product.
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“Ticket sales are a game changer for Map D”
“Map D has been able to sell millions of dollars in exhibitor booth space and register attendees for thousands of events for many years,” said Jeremy Minnick, Lead Developer for Map D. “This major platform upgrade for the first time allows us to provide a complete event management solution including tools that event managers can use to capture every opportunity for revenue and truly manage all aspects of an event within a single platform.”
Watch a video preview of the Map D Platform – c*********.
A most recent example of Map D’s technology was the groundbreaking 365 Marketplace with Restaurants Canada, unveiled at the RC Show 2022 – Canada’s leading foodservice and hospitality event, which took place May 9-11, 2022. Watch a video preview of the 365 Marketplace – c*********.
This new upgrade to the event platform creates a hybrid blend of virtual event space and international marketplace, with up to 5,000 virtual vendor profiles serving 30,000+ members. 365 Marketplace aims to be a thriving centre for ecommerce, using ARitize 3D technology to showcase products in their truest form, allowing members to interact at a higher level. The Company sees this opportunity as being the Shopify of the foodservice industry with 3D/AR by providing the platform and the tools for the foodservice industry to build its online presence. Additionally, with the ability to add ticketing revenue, it is anticipated that this marketplace and marketplaces such as this created by Nextech, will become very profitable. As noted by Report Linker in March 2022, The Online Event Ticketing Market was valued at USD 28.49 billion in 2021, and it is expected to reach USD 94.92 billion by 2027, registering a CAGR of 7.52% during the period of 2022-2027.
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“Map D has seen great returns from existing clients in the association space, but also strong growth from new clients and industries with the resurgence of in-person events post covid,” said Evan Gappelberg, CEO of Nextech AR. “The addition of attendee ticket sales to the Map D platform is not only a great development for our clients but will also translate to shareholder value as transaction fees present a new and virtually unlimited source of revenue that Map D has never experienced before. Nextech is also seeing positive early results in its ability for Map D to provide accurate trade show floor maps to ARitize Maps – leveraging two of our technologies to create something new. This is potentially very valuable as it will allow us to produce spatial maps at scale… which I haven’t seen anywhere else.”
“Ticket sales are a game changer for Map D,” said Lane Gibbs, Map D Director of Sales and Operations. “Not only will ticket sales make a lot of our existing clients happy, Map D can also now serve as a single solution for exhibitor, sponsor, and attendee sales in a way that I think will make a lot of new clients happy, too. This should open the door for us to serve even more industries.”
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