What is the difference between 360 and VR Live Streaming?

We’re all used to the natural ways in which we perform things such as in-person interactions, tasks that require us to be physically present and travel to different places. However, there may be times when our willingness to perform such tasks is limited because of cost, time, or other unexpected circumstances. Even if the physical and digital worlds result in different levels of interaction and engagement, there is a lot of effort and creativity placed into eliminating these boundaries to deliver digital experiences and shape them in a way that our physical absence won’t change its outcome.

The variety of video chat and conferencing platforms are doing a great job to eliminate these boundaries between our physical and digital worlds. They enable us to share our thoughts and experiences from all over the world with little to no effort. Yet, there are also richer and more immersive ways for us to connect with one another, explore the world and feel like we are physically there. This is where 360-degree and VR live streaming have a saying. We’ve only seen a glimpse of how these technologies can influence our worlds. Virtual reality and its partner, 360° video, have been around for decades. They’ve been limited by computing power and bandwidth capabilities, but that’s not the case anymore.  

Virtual Reality Experience (VR)

Virtual Reality uses computer technology to create a simulated environment. Unlike other interfaces, VR positions the user inside an experience. It is delivered through an artificial environment or a real-life remote location that enables the user to interact with a 3D world by putting on a head-mounted display (glasses). Its main goal is to make us feel like we are there mentally and physically. As you turn your head while wearing the headset, the world turns with you in the same time.

Major events broadcasted in VR format

This immersive technology has already served some major events around the world, making it available for consumers in a live VR broadcast format.

BT Sport and the UEFA Champions League final – It was the first time ever when a major football event was broadcasted live in VR. The event was filmed using 360° cameras and viewers were able to watch the game as if they were part of it.

Fortnite’s Travis Scott virtual concert – Not long ago, Fortnite players put their guns down to watch a digital avatar of Travis Scott teleport around a beach, launching audience members into outer space. It was the game’s biggest event ever and it was all about a 10-minute virtual concert.

2016 Summer Olympics – Samsung and NBC partnered up to make the summer Olympics available in VR for the first time. Users were able to enjoy 85 hours of live immersive content, including all kinds of sports. It was a great opportunity for people around the world to have a sense of presence and participation, right from their own houses.

About 360° Videos

Similar to the VR Experience, 360-degree videos are designed as well to deliver immersive experiences for the end user. The media and marketing materials often promote these two technologies as a whole, but there are actually two separate experiences. While watching a 360 video, the viewer can move left or right, top or bottom within a defined space. On the contrary, a VR experience can seem endless, without a finish line. Unlike standard live video, the image that viewers see is not established by a cameraman. Instead, the viewer has total control regarding what is seen and when it is seen. Another difference lies in the fact that no special hardware is required to watch a 360° video. It can be viewed by using a headset, a mobile device, or a PC. In other words, viewers can watch 360-degree videos on a regular flat 2D screen, while VR requires those fancy glasses.

Compared to traditional live streaming, 360° live videos must be broadcasted through a special camera and software. Vimeo is among those platforms that decided to adapt and enable users to upload 360° content.

How to market a Virtual Event

Just like in-person experiences, virtual events also need a powerful marketing campaign. While many principles remain unchanged and are to be applied just like in the real world, it is important to focus on small details that make a big difference. For online events, specific marketing strategies will keep your prospective audience engaged and eager to be part of it. Therefore, promotional activities are just as important as choosing the right speakers to offer memorable experiences. So, how do you create an effective marketing campaign for an event that is taking place in a virtual environment? To give you an answer, we’ve put together some marketing strategies designed to drive up traffic and create a real buzz.

Read the full article here…

How to monetize your Virtual Event

Today, more people than ever are using online platforms to host events. The current situation forces many artists to keep their fans engaged through different streaming platforms, right from their own houses. As expected, this change from offline to online is quite different in terms of generating revenue for both event organizers and artists. Therefore, in order to support everyone who puts on live events as part of their daily lives, it is extremely important to find efficient methods to earn actual income from virtual events. In this article, we will go over different monetization strategies for your online events.

Read the full article here …

How to host a successful Virtual Event

With the global outbreak of the Novel Coronavirus, the events industry passes through challenging times.  As health institutions deal with the outbreak, exhibitions and events are postponed or cancelled. This unprecedented situation forces many businesses to adapt accordingly and make temporary decisions to keep operating.

There is no doubt that face-to-face interactions will never go away, but there are times when going virtual appears to be a better alternative. In this article, we will go over different ways that can make your virtual event truly Stand Out!

Meaningful Social Interactions

It seems like one of the main criticisms of online events is that participants don’t have the same opportunities when it comes to networking and interaction, compared to face-to-face events. While this is partly true, the available technologies in today’s world are doing a great job to tackle this inconvenience.

As a result, organizers that decide to go the ‘virtual way’ can opt for easy to implement solutions to keep their audience engaged.  Innovative apps enable attendees to stay engaged right from their smartphones. Interactive content, such as live polls, reactions, chat rooms and quizzes are efficient ways to keep them entertained during and after an online event.

However, if you decide to provide your audience with virtual networking tools, keep in mind that social doesn’t just happen, or at least not initially. It is the organizers job to remind audiences that great interaction features are available. Therefore, try to send out newsletters at least a week in advance and include step by step instructions to avoid any concerns.

Streaming Solution and Gear

First, determine if your virtual event will take place in a physical place, or if it will be fully virtual. If you decide to stream it from a physical location, find a solution that integrates with quality stream providers. Usually, online events are streamed in three different ways: 1. Real-time stream 2. Stream with a short delay 3. Record and upload the stream at a later time. The first one seems to be the most popular, because people can interact and attend Q&A sessions.

Live streams can be quite simple if you prepare beforehand. With no room for mistake, using proper software and hardware is very important. Therefore, choose a streaming solution that is configured to withstand the volume of viewers you expect and that is somewhat popular on the market. Keeping aside the streaming aspect, the quality of your equipment can make a huge difference. If you plan to host multiple online events, investing in top-of-the-line gear is a must.

Choose the right Time and Date

Since your event will take place online, location and accessibility are not to be worried about anymore. However, the time and date are just as relevant as ever. Even if we all know that weekends are for events, there are still other things to consider. Is there another important event that might distract your audience? Does the event time coincide with a major sporting event? 

Do your research before setting up a time and date for a virtual event. You can even create a short survey and share it with your prospective audience. This way, you can assure that most of them won’t complain about this matter. Besides that, you should establish if your target audience is overseas or if it’s part of the same time zone, especially if you opt to host a live stream. Anyway, you can always upload the video after the show if time difference is a real concern, but keep in mind that live streams can keep audiences more engaged. 

Find a Venue when it’s Safe

Just because you host a virtual event, it doesn’t mean that you can simply run it from your office. Obviously, you can do that and it will save you a lot of money, but it’s not going to be as effective as if you were to host it in a real venue. However, during this time of uncertainty, your audience should understand that it’s safer to host events from home rather than hustling around to search for venues. Anyway, once the pandemic has passed, you should find a venue for your virtual events. No need for a spacious venue, just find one with the basics (a podium and audio/visual equipment).

Hopefully, we convinced you that hosting a virtual event is no rocket science and it can actually prove to be efficient. At Oveit, we are currently working on setting up a dedicated platform for virtual events. If you have time, try to complete this short questionnaire. It won’t take more than a few minutes and it will help us develop a solution based on your preferences. Stay tuned for more information and feel free to drop us a line!

Oveit partners with Crypto.com to enable crypto payments for events and venues

We are announcing our partnership with Crypto.com, the pioneering payments and cryptocurrency platform. For the past months we have been working closely with the Crypto.com Pay team to provide events and venues an easy way to accept payment in cryptocurrency.

With Crypto.com Pay event planners and venue managers can accept crypto payments in BTC, ETH, LTC, XRP and CRO. If they do not want to be exposed to market volatility, payments in cryptocurrency can be converted to the fiat currency of their choice. This means that visitors can pay in cryptocurrencies such as Bitcoin, Crypto.com Coin or Ethereum, and event planners can retain the cryptocurrencies or have them converted to fiat currency such as USD or EUR.

Transactions are powered by the Crypto.com’s CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliant platform. Crypto.com Pay Checkout safeguards customer payment data, providing event organizers peace of mind while offering customers the option to pay in cryptocurrencies. 

How can event planners use cryptocurrency payments?

Using Oveit’s integration of Crypto.com Pay, event planners and venues can accepts crypto payments in one or more ways:

  • Sell tickets to events or venues.
  • Sell add-ons to tickets: e.g. an event t-shirt, beverages or access to the VIP area in the event, all packed in the same ticket.
  • Allow digital wallets top-ups that can be used in-venue: Oveit offers event planners and venues the option to set up an in-venue economy . In the venue digital wallets can be used with local vendors by simply tapping an NFC wristband, showing QR codes or via biometric payments (face payments).

To celebrate this partnership and help event planners adopt this new payment technology we are waiving all fees for Crypto.com Pay transactions until the end of 2020. Crypto.com has announced customers making payments using Crypto.com Pay to events powered by Oveit will receive up to 10% cashback in CRO in their Crypto.com App wallet from now till 31 Jul 2020.

To find out more about the offerings of Crypto.com, please visit www.crypto.com.


About Oveit

Oveit provides Economy as a Service tools for events, venues and smart communities. Using Oveit event planners can sell tickets, manage registration and access control and set up cashless payments in their venues. 

Oveit’s distributed ledger technology creates an Edge Payments (payments at the edge of the cloud) ecosystem that is fast, secure, and always on. Visitors can top up a digital wallet and use it for a customized purchasing experience. Oveit helps events, retail companies and hospitality venues to onboard vendors and buyers, track visitor behavior both online and offline and increase revenue. 

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 200+ strong team. For more information, please visit www.crypto.com.