VYRE Network (OTC PINK: CAPV) (a wholly-owned Cabo Verde Capital company, “VYRE”) is pleased to announce that it has begun the buildout of multiple metaverse theaters that will play movies, TV, and live event viewing. This move by VYRE Network is part of its global growth and user experience strategy for 2022, with the goal to become the #1 Company that authentically streams culture.
VYRE’s move to build theatres is spearheaded by a “User First” mind set, with the intentions on having friends and families enjoy content premieres, live stream performances, and original content created by VYRE Studios & Productions.
VYRE Network’s metaverse theaters are set to provide unique augmented reality experiences within the Cryptovoxels, Sandbox, Mirandus, and Decentraland spaces. Inside the theaters will be various advertisements of new movies, trending TV shows, and information about the latest music live stream performances. There are various products that your avatar can access to unlock and view exclusive content.
The metaverse is the next iteration of how we use the internet and be digitally entertained. It has been reported to have over 47 million daily active users globally that all love movies and live entertainment. According to Emergen Research, the global metaverse market size was $47.69 billion in 2020 and is expected to grow to $828.95 billion by 2028.
“I am thrilled that the VYRE team is looking ahead at what’s next and how to build a better user experience, while expanding the platform’s reach. Vyre is now stepping into the virtual space of the future.” – David Hill, President of VYRE Network.
Metaverse users will be able to experience VYRE Network’s theaters in the second quarter of 2022, and view movie premiers and exclusive one time live stream performances that will launch the platform.