Canada's Nextech signs multiple 3D model AR e-commerce deals

The company has expanded its 3D for e-commerce business into Adler Jewelry-jewelry, Ice Bien-cryo recovery systems, Panmi-electric scooters, Source for Sports-sports apparel, City Furniture and many more. This mass adoption of Nextech’s ARitize 3D and Metaverse Suite technology over these varied industries shows that the e-commerce space is embracing and demanding 3D models and metaverse products for their business, and Nextech is uniquely positioned in this middle market to meet this rapidly growing demand, Nextech said in a press release.

“The mass adoption of 3D models is underway, and Nextech is experiencing a global demand for our 3D/AR models. We have signed many accounts in various countries, in multiple industries across the globe, including North America, Asia, the Middle East and Europe. Cumulatively, these accounts have purchased thousands of 3D models that will be delivered live on websites across the globe-daily. Our 3D/AR tech stack is a true disrupter in the emerging multi-billion dollar 3D model market and I believe that we have the best solution available. 2022 will be a breakout year for everything 3D,” Nextech AR CEO, Evan Gappelberg, said.

With e-commerce trending towards 3D models and metaverse solutions such as 3D banners and 3D/AR social media filters, Nextech is seeing interest in its solutions in these areas from an expanded variety of e-commerce industries (below), looking to provide their customers with an immersive, engaging shopping experience, which has been proven to result in higher click-through rates, higher conversions, and decreased returns.

According to a study published by Million Insights in April 2021, “The global dog clothing and accessories market size was valued at $9.74 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.9 per cent from 2021 to 2028.” Nextech has recently signed its first dog wear client, Non Stop Dogwear, to provide 3D models of dog wear using ARitize 3D and the colour configuration. This is the first step towards a massive market opportunity for the company.

Fibre2Fashion News Desk (RR)