- Nextech AR recognizes the rapidly growing demand for 3D modeling and AR visualization solutions in e-commerce.
- Increase in Large Orders from Blue-chip Enterprise Customers Confirms Nextech’s Leadership Role in Transforming $5 Trillion eCommerce Industry to Web3.0
Nextech AR Solutions Corp. (“Nextech” or “we”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) is a Metaverse Company and a leading provider of augmented reality (“AR”) experience technology and services is. We have received orders for 7,500 of his 3D models, of which more than 50% have already been delivered, with the remainder he expects to be delivered in early Q4 2022. I am happy to announce. Creation of his 3D model for e-commerce. This purchase order is just the first of a much larger and ongoing purchase order from this singular giant e-commerce marketplace. The company will announce additional add-on orders from this multi-year transformative enterprise agreement.
Nextech AR CEO Evan Gappelberg commented: e-commerce The ecosystem has recognized a game-changing ROI of up to 93% higher CTR, 250% higher conversions, and 40% lower revenue by implementing 3D/AR models on e-commerce websites. increase. We currently work directly with the largest e-commerce marketplaces and the world’s largest e-commerce retailers including kohls, CB2, genuine parts and more. We also offer “one-click integrations” with the largest e-commerce platforms such as Shopify, BigCommerce, WooCommerce, and more. All of these platforms are deploying 3D/AR and setting the standard for Web 3.0 in e-commerce. In my opinion, the massive conversion of 2D photos to 3D models is clearly happening in the trillion-dollar e-commerce sector right now. Every e-commerce business needs to move to 3D to remain competitive in the market. “We anticipated this moment in 2018, but now, as the transition from flat 2D photos to 3D models is in full swing, Nextech is a decade-long megatrend as a global standard.” Companies that don’t adopt a 3D/AR e-commerce strategy will be left behind, as 3D/AR will provide the immersive shopping experience that customers now expect. With end-to-end integrated solutions, white glove services, the ability to scale production, and large enterprise customers, Nextech AR has emerged as a leader in digital twin e-commerce.”
The company is also negotiating additional large corporate deals that could be even larger than today’s announcement. Earlier this year, Nextech announced that it was in a testing phase with large enterprise accounts. These accounts are now turning into large multi-year orders for 3D models. These large deals are a significant revenue and cash flow driver for the company, setting the stage for record revenue growth in our 3D modeling business beginning in the third quarter of 2022 and for the foreseeable future. continue throughout.
According to Shopify, 3D augmented reality product models have been proven to increase conversions by 94% and reduce returns by 40% online. For some product pages, 3D/AR models have increased conversion rates by up to 250%.
Demand is increasing from large e-commerce businesses that require the ability to quickly convert large numbers of files and create 3D models at scale. With ARitize 3D and its CAD to POLY technology, Nextech AR offers an elite end-to-end integrated solution that is uniquely positioned in the market to meet the rapidly growing global demand for 3D models. i think i have. In 2021 he will increase from $4.48 billion to $12.13 billion by 2028. It is estimated to grow at a CAGR of 15.5% from 2021 to 2028.
In addition to being the world’s largest prime e-commerce marketplace 3D model supplier, Nextech AR will also sign a record number of new 3D modeling deals for e-commerce in 2022 and continue to grow ARR ( provides the foundation for our annual recurring revenue). MRR (Monthly Recurring Revenue). New contract wins and existing contract renewals and expansions are driving the rapid growth of our 3D Models and Augmented Reality business in e-commerce and the growth of Web 3.0.
ARitize 3D is a one-stop-shop AR solution with automated 3D model creation at an unbeatable price.our artificial intelligence (AI) turns existing 2D product images into high-quality 3D and augmented reality experiences. It’s fast, easy, and transforms your e-commerce website.
With the 3D model, the client can interact with the product and learn more about it. Rotating, spinning, zooming in, zooming out results in 40% fewer product returns, 93% higher click-through rates, and his 90% reduction in products. shooting cost. We believe this value creation and his ROI has led to rapid growth in demand for our 3D technology. Turn your online store into a dynamic virtual showroom. 3D models allow customers to see your product from all angles and place it in their space before purchasing. It’s an exciting and immersive shopping experience that keeps customers engaged, more informed, and helps your brand stand out from the competition.
ARitize 3D is a one-stop-shop 3D + AR solution for e-commerce such as:
- affordable – Lowest cost provider
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- Harness AI and ML – Automatic creation of 3D models
- end to end – From model creation to CMS & AR visualization
Our team can help brands start selling today with 3D models in their online stores.