IRVINE, CA – November 20, 2024 – EON Reality, a global leader in AI-driven Virtual and Augmented Reality for education and industry, announces the launch of its new revolutionary SmartReality Marketplace. This innovative platform redefines how knowledge is created, shared, and monetized, positioning education as the ultimate currency in a rapidly evolving global economy.

Revolutionizing Knowledge with SmartReality
The SmartReality Marketplace is a first-of-its-kind platform designed to empower educators, creators, and learners worldwide. By merging XR and AI technologies, it facilitates the creation of immersive, interactive educational experiences while fostering meaningful connections between creators and learners.

Key Features Include:

• Immersive Learning: Real-time, AI-powered 3D environments tailored to individual learning needs.
• Knowledge Currency Model: A unique marketplace dynamic where creators monetize expertise, and learners access premium educational content.
• Advanced Creation Tools: A comprehensive suite for content development, including AI-assisted text-to-3D conversion and interactive design.
• Mobile-First Accessibility: Optimized for seamless, device-agnostic learning, making education accessible to everyone, anywhere.

Strategic Vision and Opportunity
The SmartReality Marketplace capitalizes on the intersection of three high-growth sectors:

• Global EdTech Market ($342 billion, 16.5% CAGR)
• Creator Economy ($104 billion, 25% CAGR)
• XR in Education ($28 billion, 32% CAGR)

This convergence creates a $50 billion market opportunity by 2025, addressing the needs of over 500 million learners and 10 million creators globally.

Empowering Creators and Learners
SmartReality empowers creators to transform their expertise into immersive educational content with industry-leading benefits, including:

• 80/20 Revenue Share: Favorable creator payout structure.
• Comprehensive Analytics: Real-time performance insights for optimizing content.
• Global Reach: Built-in tools to access a diverse, engaged audience.

For learners, the platform offers affordable, personalized learning paths through an intuitive interface and AI-powered recommendations, priced at just $9.99/month for premium access.

Three-Phase Launch Plan for Global Impact
EON Reality’s phased rollout ensures scalability and long-term success:

Phase 1: Foundation 

• MVP launch with essential learning and creation tools.
• Partnership with Etisalat for strategic market entry in the UAE.
• Initial onboarding of 1,000 creators and 100,000 learners.

Phase 2: Growth 

• Expansion of creator tools and marketplace features.
• Regional scaling across key markets, including the USA and EU.
• Implementation of AI-driven personalization and advanced analytics.

Phase 3: Scale 

• Introduction of enterprise features for institutional clients.
• Global market entry with localized content and partnerships.
• Advanced immersive learning environments powered by Spatial AI.

Projected Milestones for 2025

EON Reality targets significant achievements within the first year:

• Users: 1 million active users and 150,000 premium subscribers.
• Creators: 10,000 active creators producing 100,000+ content pieces.

Join the Future of Knowledge Exchange
“The SmartReality Marketplace represents a transformative leap in global learning,” said Dan Lejerskar, Chairman of EON Reality. “By combining the power of XR and AI, we are not only enhancing education but redefining how knowledge is valued and shared.”

Tune in to our latest podcast episode to learn more:

About EON Reality
EON Reality, a world leader in AI-assisted Virtual Reality and Augmented Reality-based knowledge transfer, is dedicated to making knowledge available, transferable, and accessible globally. Our innovative AR/VR products with AI Autonomous Agent-driven Text to XR Conversion are transforming education and industry the way we teach, learn, and perform, making us a pivotal player in the future of learning and technology. For more information, please visit www.eonreality.com.