Nextech AR Signs Multiple New 3D/AR Deals as $5.5 Trillion E-Commerce Industry Accelerates Shift to Web 3.0

Nextech AR Signs Multiple New 3D/AR Deals as .5 Trillion E-Commerce Industry Accelerates Shift to Web 3.0
CANNANNEW REPORT

– SaaS Business Continues to Gain Traction – Sees Accelerating Expansion Into New Categories TORONTO–(BUSINESS WIRE)–$NEXCF #3D—Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services, is pleased to announce the closing of multiple new 3D modeling deals for ecommerce, providing the Company with a continually growing base of ARR (annual recurring revenue) and MRR (monthly recurring revenue). AR and 3D models have been proven to increase sales, decrease product returns, and improve advertising results, leading to potentially billions of dollars in value, and bottom line impact for the Company’s global brand clients which include Kohl’s, CB2, Crate and Barrel, NAPA Auto Parts and many others. Nextech AR CEO Evan Gappelberg commented, “We are continuing to see strong growth in our ARitize 3D offering throughout Q2 and expect an acceleration in Q3 and Q4. Our continued growth, accelerating transformation and penetration into the trillion dollar ecommerce industry is evident by our expansion into new product categories, and by our ability to consistently sign new 12-month+ 3D modeling contracts while simultaneously renewing contracts with existing clients who are requesting even more 3D models.” He continues, “More and more companies and brands within the ecommerce ecosystem are recognizing the obvious benefits and ROI of our ARitize 3D product offering. We firmly believe that the transition from flat 2D photos to 3D models is now in full swing and that 3D models are currently being established as the standard in e-commerce throughout the globe. The June 9th, 2022 blockbuster news that Amazon (who has 350 million products) is now offering a shoe ‘try on’ in AR supports our view as ‘All the brands announced including New Balance, adidas, Reebok, Puma, Superga, Lacoste, Asics, and Saucony…

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Source : Nextech AR Signs Multiple New 3D/AR Deals as .5 Trillion E-Commerce Industry Accelerates Shift to Web 3.0

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