ImagineAR an Augmented Reality Company that enables sports teams, brands and businesses to instantly create mobile phone AR immersive engagement campaigns, is pleased to announce a Revenue Sharing agreement with Oasis Digital Studios, a wholly owned subsidiary of Liquid Avatar Technologies Inc., a global blockchain and fintech solutions company, focused on Digital Identity, integrated Avatars and the Metaverse.
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Under the terms of the agreement, Oasis Digital Studios will have full access to a white label version of the ImagineAR mobile app creation platform and the parties have agreed to a three-year 50/50 revenue split with all revenues generated from services and program related directly to the use of the ImagineAR software. The scale of the potential revenue is not estimated at this time and is based on the market and customer uptake of the white label offering.
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Alen Paul Silverrstieen, CEO & President of ImagineAR, stated “ImagineAR is excited to launch our new partnership starting with the Oasis mobile app which includes all our platform functions including visual/GPS activations, Sweepstakes, Reward Cards, Scavenger Hunts and Social Media integration.”
David Lucatch, Oasis Managing Director, said: “As the Metaverse expands, we look forward to partnering with ImagineAR to deliver immersive AR activations for Oasis projects, our clients and potentially Aftermath Islands. When ImagineAR launches their new self-publishing WebAR platform in 2022, Oasis will leverage this new product to bring consumers and organizations into a seamless Augmented Reality experience thru mobile devices.”
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