On March 13, 2024, DeMR Network, the infrastructure project of the MR & DePIN track, announced that it has recently completed angel round financing with participation from: Kucoin Labs, DWF Labs, LD Capital, JDI, Redline Labs, Meteorite Labs, Paka, etc.

On December 31, 2023, DeMR officially launched the first phase of NFT, with 6,600 NFTs launched. All public mints were snapped up within 15 minutes. A total of 3,582 addresses participated in the subscription of this issuance, and the floor price also increased from 1sol to the highest of 1.98 sol, with a trading volume of more than 1,000 NFTs in one hour that day. More than 30 well-known Twitter influencers from home and abroad promoted DeMR NFT, covering over a million Twitter followers. On February 26, 2024, the DeMR official website also launched the Compass NFT pledge, and the current pledge rate has exceeded 85%. The community and fan users have strong feedback and are full of confidence and expectation for the future development of DeMR.

At the same time, DeMR has recently been widely publicized on major media platforms around the world, including Yahoo Finance, CoinDesk, CoinMarketCap, Bezinga, TradingView and other world-renowned media, as well as well-known leading media in the Chinese-speaking cryptocurrency circle, accumulating a total reach of 194 million times. On January 17, 2024, the DePIN Ecological Space online conference was initiated by DeMR and co-sponsored by Kucoin, IoTeX, and Helium. The cumulative number of participants exceeded 1,000. This also means that DeMR’s brand communication and community consensus building have reached a new height.

1. What is DeMR?

DeMR is a decentralized Mixed Reality (MR) infrastructure network (MR-DePIN) built on the Solana Chain. Users may participate in building MR spatial scenes and build infrastructure facilities through decentralized distributed concurrent architecture to provide a Web3 infrastructure that serves massive MR applications and global users, realizing complete interconnection and decentralization between MR application ecology and virtual-real symbiosis scenes based on DeMR, MR & AI spatial computing technology. The digital world created by MR & AI spatial computing technology can allow people to get access to the delightful new world of spatial interconnection and virtual-real symbiosis anytime and anywhere.

2.Technical advantages

After more than 5 years of building up the world’s top MR & AI technology team, DeMR Network has the following key advantages and features:

1) High-definition

With the help of advanced deep neural network based computer vision technology, DeMR supports centi-meter-level high-definition spatial interaction.

2) Adaptive to Various Environments

With AI models trained from large scale data, DeMR is highly extensible and adaptable. DeMR is suitable for a variety of indoor and outdoor scenes.

3) Multi-device Compatibility

Due to the completion of comprehensive optimization work, DeMR is compatible with most mainstream MR devices, including iOS/Android phones and MR glasses, there will also be a focus on compatibility with Apple Vision Pro in the future.

4) Support for Massive Multiplayer Online Games

DeMR supports massive users around the world to join the network to interact with each other, and enjoy abundant real-time MR experiences.

5) Fully Automatic Pipeline Aided by AI

One of the core technical advantages of DeMR is an AI aided fully automatic pipeline that builds spatial semantic MR scene.

6) Distributed and Decentralized

With the help of advanced pipeline and high-definition low cost CV and MR algorithms, anyone can be a contributor.

7) Open Ecosystem

DeMR strives to build an open Web3 ecosystem for all MR developers and users globally. The DAPPs in the ecosystem support data asset exchange and interaction between users in real-time, becoming a real decentralized spatial Internet.

3. Contributors

In order to ensure decentralized collaboration, there are a variety of Contributor roles in DeMR Network that cooperate with each other in the network and Pipeline, including: ➔ Annotator ➔ Reviewer ➔ Validator ➔ Trainer.

4. Computing node

DeMR Computing Nodes are crucial computing and storage units in the DeMR network responsible for storing input data in a distributed ledger, conducting extensive AI parallel computing, and ensuring the correctness and reliability of data. DeMR computing nodes perform large-scale AI operations with CPU + GPU + NPU heterogeneous parallel computing, providing scene construction process service capabilities, cloud server storage resources, and real-time spatial positioning capabilities for MR. Each DeMR computing node can earn DMR tokens by contributing computing resources.

5. Land Holder

Land held by DeMR Land Holders represents the infrastructure rights of the Web3 spatial internet, and is also the only scarce asset rights corresponding to the real world, as well as the potential business rights for future development of the MR content ecosystem. Land Holders are an important role in DeMR, their active participation can generate more economic incentives for the community, thereby creating a more beautiful, interesting and interconnected active MR new world.

6.DeMR NFT

The DeMR NFT is composed of three parts: Compass NFT, Node License NFT, and Land NFT.

1) Compass NFT

Compass is the core NFT in DeMR, which is the necessary identification for contributors, such as the sword in the hands of a warrior, the shoes on the feet of a runner, and the walking stick of a wizard. Anyone who wants to become a network contributor needs to purchase a DeMR Compass. In the early stage, DeMR officials will sell NFTs in limited quantities in phases on the official website, and users can purchase them directly and obtain the relevant rights. The higher the reputation value of DCC (see DCC chapter for details), the higher the reward factor of NFT will be.

2) Node License NFT

The construction of the future MR world requires substantial spatial computation, real-time perception, and interactive rendering, necessitating numerous computing and storage units. To symbolize the identity as a DeMR Computing Node, who needs to mint a Node License NFT and supply dedicated computing resources. Possessing the Node License NFT enables each Computing Node to consistently contribute computing resources to the DeMR Network, thereby earning DMR rewards.

3) Land NFT

In order to effectively speed up the construction of MR spatial computing infrastructure, DeMR has defined adjacent hexagonal land parcels for specific areas. Each parcel is a DeMR Land NFT, and seven adjacent parcels can be constructed into one Larger land, which means Land NFT also supports combination and splitting. NFTs are not only the spatial coordinate positioning system for VR and MR content, they are also basic digital assets in the future world, which can generate more economic incentives for better future development of the community through their scarcity and tradability.

7. DeMR Virtual IP Theme City

DeMR and its ecological partners use famous landmarks to create IP MR scenes in specific areas, thus completely changing the MR experience. DeMR will only select a few specific compliant areas (excluding restricted countries or regions, including the United States, China, private regions, etc.), such as Virtual Singapore Web3 City, Anime City in Tokyo, Universal Studios scenes, each landmark - from squares to shopping malls - carefully marked and cast as Land NFT, and build MR scenes for these areas for MR application use. The first phase of DeMR will choose Singapore as the first phase of the Land NFT issuance city, through the operation of the virtual financial city’s IP, the offline famous landmarks (such as Merlion Park, Marina Bay Sands, etc.) traffic will bring natural value consensus to DeMR.

8. Token Economics

DMR is a utility token used for DeMR Network governance and other functions. The total number of tokens is fixed at a maximum of 100 billion. The roles of DMR token are:

1) DAO governance: DMR holders can initiate DeMR governance proposals and participate in community voting

2) Mining rewards: Motivating all DeMR contributors to build and maintain the data and network of DeMR

3) Node staking: DeMR network Computing Nodes need to stake DMR tokens to maintain Node License NFT qualification

4) Access to services: Developers burn DMR tokens to generate DDC to pay for the services used by DeMR

9. Economic flow chart

As shown above: DeMR eco-participants can obtain the corresponding role identity by minting different types of NFTs under certain conditions (e.g., a large amount of DMR needs to be staked to become a computing node), and the main roles are divided into Contributors, Computing Nodes and Land Holders. Minting Compass NFTs allows you to become a creator, participating in the creation process of the MR spatial scenes, and receiving DMR token rewards from the mining pool. By minting Node License NFTs, users will become DeMR Computing Nodes and provide calculating and cloud server resources for the creation of MR spatial scenes, and then be rewarded with DMR tokens from the mining pool. Users may also become DeMR Land Holders by minting DeMR Land NFT, and when the data is used by DeMR’s ecological DAPPs, the Land holders who hold the corresponding lands will be rewarded with DMR tokens from the mining pool.

10.Overview

With the development of Apple Vision Pro, the MR track is expected to become a popular track like the AI track. DeMR, as an early project in the MR spatial computing field, is expected to become a well-known project in the future popular track. At the same time, DeMR is still in the early stages of the project. Here is a numerical comparison: the initial token circulation is only about 5% of DMR, even if it is valued at 100 million US dollars, the initial circulation of DeMR is just a few million US dollars. Compared with the many high-market-value projects in the currently very hot DePIN track and AI track, the circulating market value of DeMR is still dozens of times different from them, so the earlier you participate in the DeMR ecosystem, the more you can enjoy the investment returns brought by the project’s growth.

Disclaimer：

1. This article is reprinted from [techflowpost], All copyrights belong to the original author [techflow深潮]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.