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There is no doubt that the Virtual Reality (VR) and Augmented Reality (AR) industry means big money with global sales estimates predicted at 75 billion by 2021, and a staggering 121 billion within ten years. Nearly triple that of the potential Cannabis market.
With virtually all the technology and social media giants investing heavily with varying strategies, the one thing that they are all chasing as the “Holy Grail” are a few key cornerstone Patents. The first of the significant cornerstone patents that control the Intellectual property of capturing and distributing Virtual Reality and Augmented Reality was owned by Oculus which made up the majority of its 2-Billion-dollar price tag that Facebook ponied up.  Apples purchase of NextVR for 100 million is rumoured to be primarily in order to gain control of another cornerstone technology patent supporting high quality video streams of music and sporting events to VR headsets. Although NextVR holds over 40 technology patents in total, it is this one Patent that is rumoured to be the sparkle in Apples eye. Microsoft hold thousands of Patents and is likely to hold at least a few pieces to the patent puzzle. One of the other likely Cornerstone patents was featured in a special “Bold Patent” spot on CNBC during Shark tank in which CEO Barry Henthorn appeared, is ReelTimes’ patent Number 10,761,303 that was just issued by the USPTO on September 1, 2020. The patent covering apparatus and method claims for technology involving simultaneous capturing of 360 X 360 degree Spherical Panorama Images and Video. According to J.D. Houvener, CEO of Bold Patents and author of “Bold Ideas,” “The intellectual property contained in the patent application we filed on behalf of ReelTime VR has the potential to be completely industry shaping. Our team of experts was able to articulate the claims of the invention quite broadly so as to provide ReelTime VR with the strongest and broadest protections available to them.” Although the original technology allows any cell phone or other camera to instantaneously capture 360 X 360 Virtual Reality Video or pictures without any need for stitching, the patent provides protection from infringement from any capturing of a plurality of images utilizing at least one mirror. This spans a wide range of industries and uses and is likely currently being infringed upon,and would need to be licensed by numerous larger players. It is speculated that this enforcement may prove to be even more valuable than the technology itself.
This Week We Look At:   The fastest growing industry segments in history - Virtual and Augmented Reality
This same sector is the focus of publicly traded market giants such as Google (NASDAQ: GOOGL), Facebook (NASDAQ:FB), Microsoft (NASDAQ: MSFT), Apple, Inc. (NASDAQ:AAPL), and Sony (NYSE:SNE). But there are a few gems that in comparison are relatively unknown to the general public and traditional investors. These companies although small are true leaders in their specific disciplines but they all have one thing in common. That is that they are driving the adaption of AR/VR by the general public by making the experiencing, creation and development of products accessible
Patents May Decide the Industry
This Week’s Episode
ReelTime VR is an innovative content and technology leader within the Virtual Reality sector.  ReelTime VR (OTCPK:RLTR). Not only is ReelTime VR an innovative content creator but an elite development and technology leader. ReelTime VR among other things produced the number one VR travel series in the world starring international superstar Front Montgomery and her daughter Leonie Montgomery “In Front of View” and the most watched VR tween series in the world featuring the “Really Twins” Twins in you guessed it “Really Twins” . It is the proprietary technology and methodologies that it utilizes however in production that allow it to produce in VR simultaneously as in traditional flat video that landed their content on Amazon Prime Video making it the first and only content originally shot in VR to have been able to do so. This opens up all forms of monetization for content and in the entertainment world where “Content is King” and distribution is an army, ReelTime has them both. ReelTime’s Patent that brings the ability to produce and share VR to the general consumer along with its persistence in creating content and technologies that are at the forefront of the industry make ReelTime a company to watch now before the word gets out. Do Your Research Now on RLTR
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