Oveit announces partnership with deep-tech company Humans.ai

The partnership is the next step forward, as part of the company’s strategy to move towards Web 3.0 and the Metaverse by incorporating experiential digital art in the form of AI NFTs.

Oveit’s live stream shopping platform Streams.Live has also revolutionized the retail process for its clients in Europe and the United States in the past year, by changing the buying behavior. Online merchants have been able to connect much more authentically and in an interactive way with their target audience, using live online video sessions that simulate a personal experience.

Continuing to disrupt the live stream shopping experience, Oveit, which has become well known for its cashless payment solutions for events and venues, as well as solutions for access control and registration for virtual and live events, is developing new products to help its users stay connected by bridging online and in-person events with collectible tokens and creating experiential art with events tickets as AI NFTs, with the support of Humans.ai’s innovative technology.

“We believe the future of commerce is experiential and social. Artificial intelligence powered NFT ticketing for events will become the gateway to an unforgettable experience that now can be tokenized and held forever.”, said Mihai Dragan, COO at Oveit. “The AI NFT tickets will unlock more possibilities for Oveit, as we are rapidly moving towards Web 3.0 and the Metaverse with our solutions. Through our partnership with Humans.ai, event tickets will become so much more than just access codes. They will take the form of never before seen experiential digital art, in addition to ensuring access credentials and unique perks for events, empowering organizers to generate new revenue streams.” added Mihai Dragan.

Oveit’s AI NFT tickets will allow attendees access to both in-person and digital experiences, also holding special perks, created especially for events and a way of transforming unique moments into digital assets. The NFT tokenized tickets will enrich the experience with forever-lasting digital assets that will continue to bring in royalty long after the event is over.

“We are excited about working together with Oveit and helping them create, mint and sell AI NFTs as the next generation event tickets in the form of unique digital assets that can be used or sold through digital worlds, enriching their customers’ online experiences. The AI NFTs we are developing together will be much more than tokenized tickets, they will take the form of experiential art, allowing attendees access to both in-person and revolutionary digital experiences.”, said Sabin Dima, Humans.ai’s CEO.

Deep-tech company Humans.ai leverages blockchain technology and artificial intelligence to enhance the standard NFT and expand its functionality, transforming it from a static art form to an interactive and intelligent asset class capable of encapsulating neural networks or segments of a person’s digital DNA. The technology, named AI NFT, represents a new type of NFT that enables people to use their biometric data to create artificial intelligence solutions that are kept ethical by complex governance, consensus, and verification mechanism. Humans.ai’s unique consensus mechanism, Proof-of-Human, will be integrated to demonstrate there is a real human behind every transaction, making it more secure and trustworthy.

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.

Improving outdoor activities through technology

Even if the word ‘glamping’ is relatively new, the concept behind is not. In the 16th century, the Scottish Earl of Atholl prepared a lavish experience in the Highlands for the visit of King James V and his mother. Here, the Duke prepared luxurious tents and filled them with similar goods served at his own home palace.

Nowadays, glamping has become a popular trend that arouses the interest of more and more people. The word itself is a hybrid version of the words ‘glamorous’ and ‘camping’. It is an upgraded style of camping, with amenities and resort-style facilities that are not associated with traditional camping. Glamping locations tend to be isolated and closer to nature. It is designed for those who love the idea of camping, but are not so comfortable with the process behind it (setup labour; food stocking; sleeping conditions).

As technology changes our daily lives and interactions, glamping businesses are doing their best to keep up and adopt it in different ways. For example, eco giants such as Tesla with their tiny house off-grid technology. It is a compact home on wheels that is fully powered through 6 solar panels located on the top of the roof. This means that the mobile home can be towed in the middle of nowhere, while charging its batteries from the sun. Glamping businesses seek to adopt eco-friendly technologies designed to protect the environment and its travelers.

Glamping Experiences

As expected, travelers want to be entertained during their glamping getaway. In this environment, businesses offer a variety of activities that form a connection with nature, without having to harm it. Some examples include:

  • Canoeing
  • Fly-fishing
  • Guided Tours
  • Horseback Riding
  • Hiking
  • Rafting
  • Mountain Biking
  • Spa & Yoga
  • Wine Tasting

Based on individual preferences, these experiences might be purchased in advance (prior to arrival) or at the location.

Glamping with Oveit

We think that our solution can be among those eco-friendly technologies adopted by glamping businesses. To give you a better understanding of how it can be used in this environment, let’s go back to those experiences mentioned above. Our smart NFC enabled wristbands act as digital wallets, meaning that guests can fully customize their experiences as desired.

Who wants to carry a wallet or card while rafting?

I hope none of you are willing to worry about important belongings while having a great time. With our solution, travelers claim those experiences with a simple tap of the wrist.

When thinking of the middle of nowhere, I bet that some of you relate it to internet limitations. While this is partly true, the good news is that our solution does not depend on a stable internet connection. Our hybrid model allows travelers to claim experiences, complete transactions and access restricted areas offline. Operating offline has no impact on the user experience or processing speed.

Want to know more about your guests and their purchase behavior within your glamping resort?

Our solution is much appreciated because it has an important role in the decision-making process. The available reports enable you to market products/services with high demand, stock up accordingly, send out newsletters to your most loyal guests and allocate staff strategically. The faster transaction speed will also have a positive impact on your revenue.

7 tips for the fresh event entrepreneur

Fresh starts can be fun, but challenging. Somehow, as we get older, we tend to lose some of the power that always kept us exploring as children. But changes may occur in life and passions must be followed. And if you find yourself in front of a fresh new start as an event planner here are some tips we gathered from our #eventprofs friends.

lady in front of a laptop

Love what you do

I know that this sounds ideal (maybe almost utopic) but this should be a universal rule. In life, you should always take the path that makes you happy because, as you will discover, the path itself is more important than the destination. This rule is even more important for event planners: your job is to create meaningful events that bring joy and is hard to do this if you hate your job. There will be many weekends away from your loved ones and many long days (and short nights). It will be almost impossible to succeed in this field if you don’t really love what you do.

Market research is important

Enthusiasm is essential, but it’s not enough. If you want to make it (in the long term) you should always be informed; like my grandpa used to say…you shouldn’t be the smartest person in the room, but the most informed one. This piece of advice seems to suit the event management scene, one where a misplanned action can have extreme effects on fresh professionals. Research to see when is the best time to schedule your event (maybe there already are some famed events in the period you first selected, so you should reschedule it) or maybe there is a lot of interest for a subject but no conferences in your city on that subject; keep your eyes (and mind) open and you will see both the opportunities and the threats that can affect your business.

Don’t stay behind

In the event management scene, the attendee’s experience is the only thing that really counts. If you don’t create blissful moments your event management business won’t last. See what guests tend to appreciate, but also what ruins their mood. Innovate. One thing that we all hate, and I’m sure that you will agree with me, is queueing; so use a cashless payment system. Use NFC for interactive screens and access credentials. Utilize a user-friendly event registration software. We all like tech innovations: involve your sponsors and use AR for brand activations.

Cash flow counts (a lot!)

Money: a delicate yet crucial subject. I wrote a while ago an article about how a smart access management tool can help you with your cash flow. Besides using a tool that doesn’t block your cash until after the event it’s also incredibly important to save money for “darker days”; or unexpected opportunities.

Promote your business

I think that we all have heard that “if you are good enough clients will come”. But let’s face it, bills come much faster. And although marketing is not your first priority it shouldn’t be ignored as it can make or break your business. The good news is that you don’t need to invest o fortune in your marketing strategy. We’ve written about Twitter, Long Tail Keywords, Snapchat vs Instagram, Email marketing. Read our articles and learn how to promote your business with a decent investment.

Take baby steps

Most of us want to grow our businesses into giants that will change the world, but unnatural growth can sabotage us. Don’t get me wrong, I’m not saying that you shouldn’t aim for more, but you must be honest with yourself. If you just planned you first one day conference, coordinating a small crew, maybe a 5-day music festival is a little big for your next assignment. Take it step by step and one day you will be able to organize any kind of event.

Learn from others

There are experienced event planners out there eager to teach you the “do’s and don’ts”. And although it’s hard to learn from anything else but your own mistakes, it’s always good to have someone you can ask what to do when things get rough. Having a mentor is a great way to start a business because you can add some experience right from the start.

Use your curiosity and try to learn from the best, see what they are doing. Go to their events, feel what every attendee feels, and use that information to create unforgettable experiences at your own events.

It’s not easy to be an event professional, that’s obvious. Planning and setting up an event will force you to challenge tasks that seem almost Sisyphean. But the end result is so uplifting, full of emotion, and will make you realize that bringing joy into people’s lives in priceless.

Millennials value experiences over things.

Each step of millennials’ life is getting upgraded to a ubiquitous experience.  Either if it is about dining, traveling or the way they are shopping, the overall experience is becoming more and more important in order to create a sense of identity in their life.

Harris group found that millennials believe that living a meaningful and happy life isn’t about possessions and rather about creating memories through experiences. Their spending on live experiences and events relative to total U.S. consumer spending increased 70 percent comparing to the previous generation.

Why millennials trump things over experiences-

Creating a meaningful life through experiences

The concept of meaningful life, started markedly with the need of millennials to become more conscious regarding their emotional wellbeing and health. The need of experiences rather than things can be associated to a higher level of awareness brought by both self and social responsibility.

  • Eating habits changed (trying to eat more healthy and giving up meat);
  • Being aware of Carbon footprint- many people adopted eco friendly ways of transportation (bicycles or public transport)
  • Living a healthy life – serves as a “cultural semaphore for discipline and success”- Farrah Starr Evening Standard

Awareness of both positive and negative factors influencing our life is possible through the power of media, that grew exponentially in the past years. Most of the millennials are well informed with strong beliefs and eager to support different causes.

1% of Millennials are influenced by advertising

Only 1 percent of Millennials say they are influenced in any way by advertising (Elite Day). Millennials don’t trust what the brand has to say about itself. They need to believe in it in order to adopt it, and the best way of doing this is through memorable experiences. These experiences will allow them to identify themselves and their values with the brand’s.

The experience offered by an event is unique because it gives not one but 3 stages: the anticipation, the event itself and the memories after. “Not only does that final stage last forever, but you can also share it”(Jack Huang, Bloomberg).

Millennials expect their whole life to be an experience full of excitement. An experience that can generate a familiar bouquet of beliefs that matches their core values. Consequently most of millennials are anxious about challenges that not only correspond to their values but as well will help promote their personal identity through social media. The use of brands has an important role in creating a higher impact and credibility for their social media content.

Experience is the ultimate status symbol

Millennials are more prone to adopt and become loyal to a brand with whom they shared a memorable experience. Succeeding in doing this will end up being beneficial for both parties. The brand will win new adopters and the adopters will start to develop a shared identity with the brand’s core values. This may be considered the key milestone in the process of acquiring new adopters and especially millennials.

Millennials love brands who bring experiences

  • 82% say they noticed a brand sponsoring at an event
  • 1 in 3 have a more positive opinion of that brand after the even  (Pandora Advertising 2016)

Boomers spent 12% less on experiences

Comparing Millennials with the Boomers Generation, their spending on experiences grew with 12% and they are considered “digital natives” with 43.5 percent of them who say they use social media to spread the word about products or services.

67% Millennials prefer investing in experiences

With the desire of creating as many memorable experiences as possible, 67 percentage of Millennials would rather spend their money on ‘experiences’ than ‘things’’; from which 75 percentage of women prefer experiences over things than 58.5 percentage man. (Pandora Advertising, 2016)

Brands or organisations that create experiences for their audience need to truly “get”  Millennials in order to engage with them appropriately and create an opportunity to differentiate themselves in the marketplace and forge long-term relationship with their customers.

What does it mean to truly “get” Millennials?

Being true and following your mission at all times. Having the vision to aspire high and always greed of offering your consumer the best quality, price and services.

And nevertheless immerse your consumers in memorable experiences because today experiences are like a merry-go-round – you can never get off.

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