World's Capital Cities To Gain Augmented Reality Layer Through 'Digital Land'

An established team of augmented reality developers are planning to "Unite physical and virtual worlds" by creating Digital Land that can be bought, sold, rented or leased.

The company says all of this would be achieved through remote positioning, which will enable developers to embed installations on Digital Land while they are thousands of miles away.

A new commodity, an undiscovered worldAt first, Arcona plans to launch its AR Grid positioning system in 10 of the world's largest cities - with 1,500 sq km of Digital Land going on sale.

The value of Digital Land would depend on several factors - with prominent plots in densely populated capital cities, where space is finite, likely to be more expensive than a plot in an isolated part of town.

Arcona says Digital Land will be traded through auctions, allowing the community to "Independently determine market value." The final bids will then be used to establish average pricing for other plots, with a Blockchain ledger recording who owns land and where.

As demand grows, Arcona also wants to expand its Digital Land to cover 100,000 sq km in capitals worldwide.

The platform will have a universal currency known as the Arcona token, which will be used to trade Digital Land and enable developers to sell software and content to landowners.

Turning the augmented reality ecosystem into a realityPiligrim XXI, the team behind Arcona, has already amassed five years' experience in AR development.

The Arcona ICO is taking place from April 15 to May 15, and the company says every contributor will have an opportunity to win a free plot of Digital Land in one of the world's top locations.

From June 1 to June 25, ICO participants "Will be able to choose and purchase the best digital territories" in Arcona's 10 launch cities through private auctions, with the land becoming digitized in 2019.