Nextech (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, today announced that it has integrated Stripe with Map Dynamics, its 3D mapping and events platform. According to the update, the integration will provide an additional, no-touch projected $760,000 annual revenue stream for Nextech through a 2% platform percentage fee when Stripe is used for booth sales for virtual or hybrid events. “In 2021 alone, our events platforms have created a tremendous amount of value for our customers with over $38 million in booth sales through hundreds of events hosted on our platform,” said Nextech AR CEO Evan Gappelberg. “Through this important new integration with Stripe, we have increased our cash flow generating power while also providing a frictionless experience for event hosts who use our Stripe platform for booth sales. This is truly a win-win situation and we’re excited to roll this out to end 2021 and see the benefits into 2022 and beyond.”
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About Nextech AR Solutions Corp.
Nextech is a metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences, altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance), and learning and training experiences. Nextech focuses on developing AR solutions for the metaverse, however, most of the company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances are sold on Amazon. For more information about the company, visit www.NextechAR.com.
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