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Agora World

USA
Market: Education, training, Entertainment, Artificial Intelligence, Virtual and Augmented Reality
Stage of the project: Operating business

Date of last change: 24.10.2022
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Idea

We’ve done what Canva has done for graphic design and Wix has done for websites for the metaverse.We are the no-code, drag-and-drop, platform agnostic, 3D real-time social experience creation platform

Current Status

Agora has hosted over 200 events over the course of 2 years on our platform. We’ve found that the average time spent in an experience on our platform is over 1 hour, substantially higher than the average of 45 seconds spent on a website

Customers: TempleU, UPenn, Lockheed Martin, Singapore Airlines, Sideshow Collectibles, Independent Blue Cross, Elisa.fi, EmiratesNBD
Partners: UnanimousAI, PhenixRTS, AIWhoo

Problem or Opportunity

The barrier for businesses to enter to the metaverse is high. Many platforms are focused on VR/AR technology despite the limited accessibility. 99.5% of the population doesn't know how to code yet there are limited tools available that simplify 3D development for the everyday man or woman to use. This makes the process of creating an immersive experience resource intensive and expensive. How can you empower creators to do more?

Solution (product or service)

Agora World is the no-code, drag-and-drop, creator-friendly, platform agnostic, open, collaborative, interoperable, immersive real-time social experience creation platform with over 1,000 users already building on and in the metaverse. The platform is designed to allow the creation of Metaverse destinations and large-scale, group-centric virtual social interaction by non-coders. We enable community stigmergy by offering both developer SDKs as well as no code tools. This enables developers and designers to build and monetize extended functions that further empower our nocode creators to do more

Business model

There are 3 key ways we are/will generate revenue:
Freemium: Free to start, Pro Tier is $9.99/mo or $100/yr
Marketplace Fees: Enabling users to upload proprietary digital content to be purchased and used by other users, to create templates others can buy and customize, and to collaborate with other users is a core component of our business model. Unlike competitors, our creators bring home over 75c for every $1 in sales generated.
Transaction Fees: For customers that utilize our platform to make sales, we charge a 1-2% transaction fee for utilizing third party payment processors
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