With the rapid development of the global economy, the growing demand for consumption upgrades and tourism, the contradiction between tourism supply such as boutique hotel and hotel are particularly prominent now.
According to statistics, in 2016, the global tourism market total revenue was 7.6 trillion US dollars (including direct and indirect contributions), accounting for 10.2% of global GDP. The tourism industry created $8.9 trillion in 2018. It is predicted that the global tourism industry’s stock market space will approach 10 trillion US dollars by the year of 2022.
New World is at the forefront of this industry. The combination of tourism, VR and blockchain can take full advantage of the blockchain technology.It will be suitable for mass consumption, and solving a series of pain points in the real society.
The characteristics of virtual tourism determine that it is not only suitable for general tourism consumers, but it’s also suitable for disabled people, elderly people, and vulnerable groups who are not suitable for long-distance travel. In recent years, with the development of computer technology, virtual tourism has emerged, creating achievable conditions for the tourism dreams of disadvantaged groups.
New World aims to build a decentralized VR travel world based on a decentralized storage, blockchain, VR/AR/HM, IOT, and intelligent hardware. The project forms a development model combining tourism, VR and blockchain to create a decentralized, secure and transparent VR tourism resource sharing platform.
The New World project was jointly developed by Australian financial investment management company CTIN and high-tech enterprise Tucson Technology. With the outbreak of blockchain technology and virtual technology, CTIN has been preparing for this new opportunity. In 2019, CTIN and the virtual technology leader Tuyu Technology jointly created the “tourism, VR and blockchain” project.
New World virtual tourism ecological application is a fully practice of blockchain feature and technology. The VR travel service provider accesses the public link interface, and the user can directly view the content of each service provider in the platform. Taking advantage of the open and transparent nature of the blockchain. The service resources on the chain rely on the user’s independent choice, completely eliminating the third party interference. It becomes a fair and open information sharing platform. Based on the characteristics of smart contracts, users’ payment will also directly enter the service provider. At the same time, experiencing VR tourism also reduces the cost for real tourism.
NWT is the token of the New World system. The total amount of NWT is 500,000,000 (500 million) and will never be reissued. It is used as a digital asset to preserve and increase value.
Let’s travel all over the world with low budget in this New World!
To learn more, visit: nwt.one