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Based in both New York and San Francisco, Lampix is an augmented reality (AR) software developer and creator. They are one of the leading names in the AR industry and are working hard to develop new devices and push the barriers of AR technology and machine learning.
Their hallmark device looks just like a regular lamp. However, it features a camera, projector and a cloud-connected CPU, which is capable of turning any regular surface, such as a desk or kitchen table, into a smart surface. In other words, the device uses machine learning, combined with its state-of-the-art camera to track objects that interact with the surface.
Lampix is developing their object recognition process and as they continue to enlarge their database with more objects, the potential use cases for PIX increases as well.
Lampix developers created a decentralized image mining software, which is meant to help improve not only their AR devices but all AR devices on the market. For this, the company raised funds through an ICO for the development of the PIX ecosystem using a blockchain-based database.
The PIX Tokens
PIX tokens are designed to be paid out to developers who create datasets that contain pictures of objects, as well as descriptions. Users/miners will then vote for specific descriptions to validate the image for quality and accuracy. If a user’s uploaded image is approved they are rewarded with a token. Furthermore, by paying a fee in PIX tokens, third-party developers can access the database for use in their applications.
The Team Behind Lampix
The Lampix team is made up of industry experts with a wealth of knowledge and experience in the field of AR and software development. The company was founded by co-founders George Popescu, CEO of Lampix, and Mihai Dumitrescu, CTO of Lampix.
The team also employs about 15 software developers, a marketing and business development team, as well as 12 advisors, notably the co-founder of InsureX Technologies Blockchain, Cristina Dolan, and the CEO of FirstBlood, Joe Zhou.
CEO, George Popescu, is an MIT alumnus and has 3 Masters degrees in Computer Science and Electrical Engineer, 3D Printing and Nanosciences. He founded Boston Technologies (BT), the #1 fastest growing company in Boston in 2011. BT was also on the Inc 500/5000 list for 4 years in a row. He has built 9+ companies to date.
Aside from this already impressive team, Lampix also works with a variety of industry experts and entrepreneurs to make them a well-rounded company with big plans for the future. Learn more about the company’s team on their About Us page.
The Future Of The PIX Ecosystem
According to many industry experts, Lampix is already expected to continue seeing growth over the next few years because they have clear and easy-to-understand goals for investors to understand.
Furthermore, the company is operating in a market that has seen exponential growth in recent years, and also has many great prospects for the future as well. All this, combined with their team of experienced professionals and experts, sets Lampix up for a rather bright life to come.
In addition, the platform’s tokens are designed to influence the company’s infrastructure, which will likely only add to the company’s value as they continue to develop into the future.
According to experts, Lampix might be trading as high as $0.10 within the next year. This would be a significant growth trajectory for the token.
Most would agree that future advancements in AR technology, such as Lampix’s image-mining ecosystem, make the tokens considerably less risky and should only work to have a positive effect on the company’s activities and token pricing.
According to a recent report, published by Goldman Small Cap Research, the Lampix ecosystem is active and as commercial sales are being closed, experts in the industry expect to see the PIX token trading somewhere around $0.03 in the next term, and continue to increase incrementally, reaching $0.26 in the 2 to 3 years.
When you look at it, Lampix is providing solutions and advancement to the AR industry by creating their PIX ecosystem. Their image-mining database is capable of significantly improving the efficiency of computer vision, as well as computer learning, which could, in turn, create a massive demand for their datasets.
This is believed to be the driving force behind the PIX ecosystem that makes it such a potential game changer for the industry. Not only are they building a serious reputation for themselves, but they are also providing solutions to one of the leading barriers in the development of augmented reality technology.
Therefore, as the company continues to develop, we should expect to see bigger and better things coming from Lampix and the PIX ecosystem. Moreover, when combined other leading advancements in AR technology, the company’s market cap is almost sure to grow accordingly.
Lampix is an award-winning Augmented Reality technology company that combines their proprietary object-sensing software platform with an advanced smart projector and camera system. Lampix recognizes hands, objects, and documents bridging the gap between the physical and the digital with universal and communal augmented data. The company’s largest customers include Bloomberg, BMW, Nespresso, and PricewaterhouseCoopers. Lampix was named the winner of Highway 1 (2016), the AR/VR category in the Accelerator Pitch event at SXSW (2017), and was named Best Augmented Reality Display by Next Reality (2017).
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