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November 13 2017

ICO Alert Report: Lucyd

ICO Alert Report: Lucyd

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Simulated user interface for Lucyd Lens

Lucyd Introduction
Lucyd is an augmented reality company building the first lightweight, prescription-ready and mainstream smart glasses with a blockchain app ecosystem.

Lucyd Lens is possible thanks to 13 advanced optics patents and an AR app blockchain. The Lens will be supported by the Lucyd Lab blockchain, which makes it easy to develop and distribute AR-native content. It’s all powered by the LCD token, which organically drives content creation for the first AR platform with mass appeal. In short, Lucyd is creating a new AR ecosystem, where anyone can swiftly develop, share and experience content on our user-friendly smartglasses.

Lucyd Blockchain
Lucyd Lab drives organic app development and user engagement by rewarding positive contributions to the Lucyd community (app development, content, user reviews, etc.) with LCD. LCD can be used to purchase AR hardware and content from Lucyd when available, can be traded on token exchanges, and will enable lightning-fast peer-to-peer transactions among Lens wearers.

The platform is going to automatically reward successful Lucyd developers with LCD tokens based on community-gauged content quality, in addition to normal app revenue. The goal is to build a new AR app ecosystem from the ground up, which will be totally peer-to-peer, allowing developers to keep almost all of the revenue generated from their apps.

The team is planning to release Lucyd Lens in early 2019. The first 500 crowdfund participants contributing over 4 ETH will have one of the first pairs automatically reserved. Go to the Lucyd website to purchase the LCD token, which is being used to crowdfund the development of their next-gen smartglasses. This is a locked-in promotional price — normally, the glasses will cost more than this.

LCD can be traded on exchanges, or immediately cashed out in-Lens. Lucyd plans to release developer tools, productivity and entertainment apps made natively for its smartglasses, which may be hosted on the App Store/Google Play until their own app store is live. Such content would be purchasable via LCD.

Total LCD tokens created: 100 million
LCD tokens available during sale: 50 million 
Fundraising goal: US $10,000,000 with a token price of 1 LCD = $0.25.

No more LCD tokens will be issued after the completion of this sale. Management tokens are locked up for 12 months. Lucyd offers up to a 35% LCD token bonus during the sale and a 5% referral bonus. All unsold tokens will be burned.

For more details, please visit https://www.lucyd.co/

Lucyd Tech is Disruptive to the Core
The key to make Lucyd Lens the smartglass that works for everyone is ergonomics. Ergonomics is the science of making products better fit it’s users. A key ergonomic goal is to create a transparent interface between people and the products they use. For AR smartglasses this is both literally and figuratively necessary. To fabricate ergonomically correct smartglasses, new optics technology is needed to reduce the bulkiness, weight and power consumption and to increase the field of view (most significant issues with current AR displays). Lucyd’s technology enables these features and additionally allows for prescription lenses to be incorporated in the glasses, so the 75% of the population that require corrective lens can enjoy the benefit of AR. These are features needed to bring smartglasses mainstream.

Lucyd has acquired the exclusive worldwide license to a portfolio of 13 optics patents from the College of Optics and Photonics at the University of Central Florida (top optics/AR R&D center in the U.S.), and the lead inventor is on Lucyd’s team. The patents they have licensed are listed below. Collectively, they believe the patents contain the mechanics for smartglasses with a number of innovative features to address the current problems with AR displays, effectively allowing production of first truly mainstream smartglasses:​

  • ​First to miniaturize the optics and electronics for compact, lightweight projection in a head-mounted display. This allows Lucyd Lens to be the first smartglasses that look and feel like regular glasses.
  • First full integration of eye tracking in HMDs, allowing for ocular cursor control and real-time optimization of enhanced field of view (up to 120 degrees).
  • First spatially aware smartglasses with enhanced object occlusion, so AR objects in the Lens meld smoothly with your real-world environment.
  • First freeform optics system allowing for off-axis virtual objects and high-depth interface.
  • First integration of binocular, flush HD microdisplays. No protruding elements, low-eye strain & discreet.
  • First smartglasses with highly modular controls, including finger tracking, voice control and eye tracking, all of which can be used to switch on and off the AR experience on demand.
  • First smartglasses with low light leakage and high spatial resolution, for solid-seeming AR objects.
  • First smartglasses that accommodate prescription lenses, for comfortable all-day wear by everyone. Lucyd Lens can replace your regular glasses.
  • First smartglasses with no buttons, switches or wires, for a sleek look. Lucyd Lens will also charge wirelessly, for a totally next-gen experience.

The exclusive license to the patent portfolio is for the life of the IP, which extends from 2022–2028 depending upon the individual patent expiration dates. Lucyd smartglasses will have a number of advanced features such as being light weight with thin lenses that enable the incorporation of corrective lenses and should be available in a normal range of eyeglass styles for men, women and children. Some of the features are depicted in the figure below:

The above image is an artist’s rendition. Actual prototype glasses will include batteries and electronics in the arms of the glasses.

For more info on Lucyd’s hardware tech and impact on the augmented reality industry, please see the Scientific Review of Lucyd’s Technology.

Meet the Team, with Konrad Dabrowski

Konrad: Solid tech is important, but a great team is even more critical for success. We have assembled the “Dream Team” of renowned experts in the optics, AR, app development and cryptocurrency fields. Our science advisors are recognized innovators in their fields. All in all, the people behind Lucyd combine to form a solid foundation for our potential success. We count among our staff and science board 7 noted Ph.D.’s in relevant verticals, as well as experienced financial, creative and blockchain experts.
Konrad Dabrowski (CPA), Finance Lead is one of our cofounders and brings 8 years of experience with Deloitte as a financial auditor. Konrad will be responsible for accurate financial reporting, and governance matters including semi-annual project progress report to be reviewed by third-party auditors and released to token holders and the market.
Eric Cohen is a Lucyd cofounder, and an experienced web & app architect. He has designed numerous apps and a vast amount of high-quality web content. He is leading the development of Lucyd native apps, and the front-end of our AR app blockchain.
Harrison Gross is a Lucyd cofounder and lead architect of the Lucyd Lens user interface and the Logyc OS. He oversees all published content that Lucyd produces for its following online, including the Lucyd.co site. His writing and creative abilities are fundamental to public perception of Lucyd. Harrison is a graduate of Columbia University.
The Optics team is led by Dr. Mike Kayat, who is a physicist and a business development executive with 20 years of experience in development and marketing in advanced optics.
Dr. Clifford Gross, Strategic Commercialization Lead, is an experienced executive and entrepreneur who has licensed more than 100 university technologies, founded three companies, all of which went public and is a named inventor on 19 issued patents from his research.
Jose Enrique Hernandez is the Blockchain Lead for Lucyd, and has extensive experience in the cryptocurrency, mining servers and Blockchain software spaces. He oversees the core of the Lucyd Lab blockchain and the mechanics of the LCD token sale.
Meet our Science Board
Dr. Rolland is an optics expert and lead inventor on 12 of the 13 patents exclusively licensed by Lucyd.
Professor Yiorgos Kostoulas, Ph.D., is an optics expert and Associate Professor at the Division of General Engineering at Vanderbilt University School of Engineering.
Mikhail Gutin, Ph.D. is an optics expert and Founder and President of Applied Science Innovations, Inc. API conducts applied research and development in optics and imaging. Dr. Gutin has over 20 years of experience in many areas of optics, with an extensive record of patents and publications, and the R&D 100 Award by R&D Magazine.
Donna Waters is an Optics Expert with 20 years of experience in the research and development of optical instruments and devices. As an expert with Proof of Concept Optical Engineering, LLC, she has designed optics for a wide variety of AR and VR prototypes, including diffractive lenses and illumination systems for holographic waveguides.
Maribeth Gandy Coleman, Ph.D., is an expert in wearable computing & AR. She serves as a Principal Research Scientist and Director of the Interactive Media Technology Center at the Georgia Institute of Technology.
Professor Hao Li is a Lucyd science advisor, and a well-recognised AR expert. His work revolves around dynamic shape reconstruction, real-time facial and body performance capture, 3D hair acquisition and garment digitalisation.
Additionally, Pedro Lopes is a science advisor expert in Haptic AR and a Human Computer Interaction Researcher at the Hasso Plattner Institute, Germany.
To learn more about our team please visit our website.

Market Summary 
The AR market has been forecasted to reach approximately $83 billion by 2021, with AR headsets reaching 25 million units by 2021.

Following the usual hype cycle, its thought that AR technology platforms are moving toward mainstream adoption in the next few years to potentially create a multi-billion dollar market. One of the key drivers will be the availability of reasonably priced, hands-free AR devices in the form of lightweight, stylistic “smart glasses” (or AR headsets) which have the potential to replace smart phones, smart watches and other wearables like fitness trackers.

The size and weight of these AR glasses are important to mainstream users. The market leaders will need to produce AR eyewear formats that are small, lightweight with minimal optical distortions. Advanced features like eye tracking and the ability to use traditional lenses in a range of styles and high resolution images will be highly desirable.

Lucyd believes their token sale is the best ICO out there given their hardware tech advantage addressing this new exciting industry, their blockchain app ecosystem, knowledgeable and experienced team, and their strict governance standards.

To learn more and talk to the team please visit any of the following:
LCD token hub

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View the Lucyd Website here.

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This report was prepared by the Lucyd team and reviewed by the ICO Alert team. Please note that some comments may be viewed as subjective because of this external preparation.

Topics: Virtual Reality, ICO, Cryptocurrency, Investing, Augmented Reality