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Mark.Space Uses Virtual Reality to Create Real Estate Designs
- Published February 16, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
- Mark.Space is a recently established start-up venture that is capitalizing on the concept of blockchain and virtual reality to hold a contest pertaining to real estate.
- In a contest that was launched on 9th February 2018, and will continue till 28th February 2018, participants will have to design a 3D virtual reality apartment pertaining to business, e-commerce or community.
- In lieu, the winner would be rewarded with MRK tokens and all participants would retain the ownership of the rental space and enjoy the privilege of buying, selling or renting it out.
‘Start-ups’ and ‘blockchain’ are concepts that have made their presence felt over the last decade or so and Mark.Space is one of the entities that has capitalized on both to create its virtual reality contest. Participants would be expected to create a 3D virtual apartment using their designing abilities and concepts in lieu of attractive prizes.
Mark.Space was launched in 2015 and is based out of Singapore, although the roots of the venture can be traced to Russian shores. It was on 9th February 2018, when the company announced that it was holding the ‘Best Apartment’ contest wherein subsequent to registering, participants were required to create a 3D web space or unit from scratch. A mandatory requirement for this 3D unit was that it should be compatible with virtual reality and could pertain to community, business or e-commerce.
The contest is scheduled to close on 28th February 2018, and categories under which entries would be considered are ‘Best Content’, ‘Best Creative Job’ and last but not the least ‘Community Favorite’. Entries would be published on social media platforms like Facebook and Twitter and would be voted upon after which winners would be rewarded with the platform’s inherent currency, namely MRK Tokens.
As per the white paper of the company, Mark Space comprises of multiple virtual reality space units and property right pertaining to every unit is guaranteed by maintaining a record of transactions. This implies that owners of the unit have the privilege of buying, selling or renting the space to others through a smart contract.
About Mark.Space
MARK.SPACE is a platform for business, e-commerce and communities where everybody can create their own 3D website (unit) which is compatible with VR. You can visit communities, residential, business or e-commerce districts to find services or purchase some goods, or just have fun. The platform is maintained by a crypto economy and is powered by Blockchain.
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