A metaverse company specializing in providing augmented reality (AR), experience technologies, and services, Nextech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) announced the launch of a new upgrade to the platform. The upgrade will cut across attendee ticket sales and registration options available to clients using the Map D platform. The company is also testing another breakthrough in scaling and creating spatial maps for events, one of which is the augmented reality (AR) wayfinding using Map D technology for its ARitize Maps product.

Jeremy Minnick, the Lead Developer for Map D, said, “Map D has been able to sell millions of dollars in exhibitor booth space and register attendees for thousands of events for many years. This major platform upgrade for the first time allows us to provide a complete event management solution including tools that event managers can use to capture every revenue opportunity and truly manage all aspects of an event within a single platform.”

365 Marketplace with Restaurants Canada is a recent example of Map D’s technology in Canada. It was unveiled at the RC Show 2022, Canada’s leading foodservice and hospitality event, on May 9-11, 2022. This new upgrade to the event platform creates a hybrid blend of virtual event space and international market by using the ARitize 3D technology to showcase products in their purest form and allow members to interact more freely.

With this new ticketing revenue added, it is anticipated that these marketplaces, such as the one created by Nextech, will be very profitable. In March 2022, Report linker noted that The Online Event Ticketing Market, valued at USD 28.49 billion in 2021, is expected to reach USD 94.92 billion by 2027 and will register a CAGR of 7.52% during the period of 2022-2027.

Lane Gibbs, Map D Director of Sales and Operations, said, “Not only will ticket sales make a lot of our existing clients happy, but Map D can also now serve as a single solution in a way that I think will make a lot of new clients happy, too. This should open the door for us to serve even more industries.”

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