"Future of augmented reality video games 2023"

0:00foreign

0:08welcome back to one startup World our

0:112023 Summer Conference uh it is the

0:14Premier Global startup conference

0:15dedicated to helping Innovative and

0:17disruptive startups succeed it is the

0:19perfect platform and meeting place for

0:22startup Founders to pitch their ideas

0:24gain valuable insights connect with

0:26other like-minded entrepreneurs spend

0:28some time and hear from industry experts

0:31possible investors as well as uh

0:33Financial Partners all learning from

0:35each other here and as we build this

0:36community we're next joined uh by the

0:39founder and CEO of windquest uh

0:42Christopher faraguno and he's joining us

0:44today from Puerto Rico good morning

0:45Chris thank you for uh for joining one

0:47startup World let me hand it off over to

0:49you and we look forward to hearing about

0:50windquest

0:51okay yeah nice to meet you okay so uh

0:56whenquest is an augmented reality

0:58treasure hunting app

1:00game and and with other games it's a

1:03platform that's global that took us

1:06several years to build it's like Pokemon

1:08go

1:09but um we also have the whole data

1:14mining process right giving people

1:17credits and doubloom points for giving

1:20their data so that we could help them

1:23find coupons for the things that they

1:24like so it's a gaming chance to win at

1:29uh fun game and chance to win app that

1:33gives people a chance to also get

1:36discounts on the brands that they like

1:38we then take their

1:40brand products and hobby interest data

1:42and match it with Merchants through our

1:45platform

1:46and then 2.0 in the future we have

1:51patents in

1:53to

1:55um use AI as like a modern day switchboard

1:58to connect Merchants to users in real

2:01time

2:03with uh you know what the database is

2:05being matched and then a coupon matching

2:09that data profile being sent back to the

2:12user and then

2:14go when we would go into augment an

2:16augmented reality digitally platform

2:19providing you know digital Ed uh

2:22augmented reality digital lab

2:24ads and videos

2:26so we have patents in for that and we

2:29got the uh on the opinion letter we got

2:31the novelty for it globally that whole

2:34ecosystem and that whole augmented

2:37reality AI AR uh machine learning

2:41platform that we're looking to build

2:44again it took us several years to build

2:46this platform and we're launching in the

2:49next couple of days it looks like in the

2:50Google Play Store

2:52and we'll be focused on in Madrid

2:55and uh let me just

2:57show you my

3:00pitch deck

3:01the wind Quest okay uh basically allows

3:05everybody to get into a reality show so

3:08everybody's a contestant you have a

3:10chance to win and that's what makes us a

3:12little bit different and uh so now you

3:14don't have to just watch on television

3:15if you have a cell phone you can get

3:17involved in some of our contests if

3:20they're you know the augmented reality

3:21contests in your area you can get

3:23involved in that uh we're also

3:26developing out trivia contests and guess

3:29the price contest that'll be Global so

3:32you can enter into those contests to win

3:34bigger cash and prizes

3:37so basically

3:40what's the problem

3:42well one of the biggest problems we're

3:46solving

3:47is for merchants and Brands because when

3:49they advertise a lot of times with

3:52magazines and television advertising

3:55blindly

3:56right so I call it black hole marketing

4:00okay so you can put an ad in a magazine

4:03for 250 000 get a full page and you

4:06won't know who bought off of that ad who

4:10was you know was how that ad did and how

4:13it performed you just know that it's in

4:15a magazine that somebody might be

4:17interested in because they like luxury

4:19Brands they might like your watch

4:20company because you're in that magazine

4:24so what we're doing is we're

4:25accumulating data first in exchange for

4:27the chance to win so with you know you

4:30know a data platform

4:32Merchants will be able to reach people

4:34that actually have interest in their

4:36brands and product the brand product

4:39they're um interesting

4:41you know offers that they have

4:44um so this will help a lot with the

4:46target market advertising and it'll cut

4:49on the cost because

4:50target market advertising is very

4:53expensive right now and it's going up

4:54every year

4:56Okay so

4:57the other problem that we're looking to

4:59solve is we're looking to drive people

5:02into you know local

5:04stores through heading them as treasure

5:07hunt points and or

5:09helping them become aware of the

5:11discounts that are random in their area

5:14right so

5:17this will help real retailers and drive

5:20you know winquest use this to their

5:22locations whether there's a treasure

5:24hunt in an area or not so instead of

5:28buying all the time online people can be

5:31more engaged in coupons in their area

5:33through our platform

5:37uh if it's okay I'm gonna play a quick

5:39video here on winquest

5:42so

5:45oh it's not working okay so not a

5:48problem

5:51Quest app you can press on the diamond

5:53to see if there's a treasure hunt in

5:54your area if there is then press start

5:57and you will get a clue press accept and

5:59it will then take you to several

6:00locations before getting to the digital

6:02treasure chest in between locations

6:04there are trivia questions if you get

6:05them right you can proceed to the next

6:07location if not you need to wait eight

6:09minutes so you can use your loot to get

6:11the clues for the next locations when

6:14you get to the final stop the camera

6:16will turn on and you will see the AR

6:17treasure chest when you click on it it

6:19will open and then you click on the

6:20prizes that come out of the treasure

6:22chest

6:26so we're going to go into trivia to

6:28accumulate some points

6:29and say we click on fashion we have the

6:32question and for multiple choice answers

6:34when you get the question right you

6:37accumulate points and then those points

6:40again can be used in a free monthly

6:41raffle giveaway

6:45how much would it cost to rent a

6:47standard Elite SUV

6:49if you get it right you accumulate

6:51points thank you

6:55we have a digital wheel that spins all

6:57the names that are included in the

6:59raffle and then it will pick a winner

7:02and the confetti is falling he won the

7:06new co-op

7:09so you have four chances to get those

7:13full live boxes and one of those live

7:15boxes could be a special number for

7:17larger cash prizes

7:26okay

7:31all right so the markets that we're

7:33looking to impact uh there's a global

7:36augmented reality gaming Market

7:38sector

7:40this uh says 28 building 28 billion but

7:44Grandview research

7:46since I believe this deck has said it's

7:48going to be a 274 billion dollar sector

7:51by 2027.

7:53so it's got a 52 percent cagr which is

7:57really exciting and then uh we're

8:00looking to go you know impact the global

8:03digital ad Market by bringing it into

8:05augmented reality you don't get to

8:07reality

8:08digital ad

8:11uh ability with our app and platform we

8:14have a lot of different uh

8:17revenue streams as far as like the whole

8:20premium model in-app purchase purchases

8:25Merchant coupons

8:27uh one of the biggest revenue streams is

8:30the data that will collect

8:33this possibility for a reality show

8:36also uh it looks like a lot of AD

8:39revenue and make a lot of money to

8:42Merchant affiliate coupons

8:47yay this is my team

8:50Greg Jose is the chief I.T architect

8:54Al gomore is a senior advisor

8:58um it's myself

9:00and so I'm going to look into launch in

9:03the next uh

9:04week here and we're looking for you know

9:07one meal seed investment with

9:10convertible notes

9:11and uh so that's basically the platform

9:15I mean the uh pitch deck hey Chris could

9:18you uh could you just back up on on the

9:21timeline one more time you jumped

9:22through that kind of quick is that

9:24possible because that'd be important for

9:26the audience to see I think okay what

9:28would you like you'd like to see just

9:30the second to last slide would be great

9:31that timeline slide

9:36your timeline slide okay so we have uh

9:39there was a little a bit of a delay but

9:41uh this is how long it's taken to build

9:44this app since uh 2018 we've been

9:46building this app and we're actually

9:48launching this week there was a

9:50several delays and updates with the

9:53Google Play Store if you know anything

9:55about software yeah there's always uh

9:58upgrades and updates so yeah so it's

10:00been a massive pro project and uh

10:04you know it's a it's a global

10:06undertaking you know with the code and

10:08everything so you know it's interesting

10:10you you called you said hey it's a

10:13fascinating way to think about AI as

10:14kind of a modern day switchboard what a

10:17what a what an interesting way to think

10:19about it but so true when you when you

10:21think about the potential and you think

10:23of like Lily Tomlin right from uh

10:25um dating myself from uh from television

10:28all those years ago kind of pushing and

10:30pulling all the wires out but what what

10:32a great way to think about it to that

10:34standpoint how about

10:36um uh engaged customers the idea as you

10:39as you're looking to launch uh

10:41any any age group for this or uh you

10:45know cross cross-sectional here how does

10:47it how does how do you who who's

10:49interested in in Virtual treasure hunts

10:51because because I I love Maps right I'm

10:53a big I'm an old map guy and so so that

10:55whole concept of kind of looking and

10:57stuff sounds fun to me yeah yeah so

11:00um we're looking at 18 to 35 but I

11:03reached a bigger demographic it goes you

11:06know it really doesn't have an age limit

11:07because it's a fun trivial chance to win

11:11cash and prize is looking for treasure

11:13hunts you know looking for the augmented

11:15reality Treasure Chest so it reaches a

11:18bigger demographic than uh

11:21than the Pokemon go you know uh audience

11:24which is between 18 and 35.

11:27now you said future promise from an

11:30augmented reality standpoint to be the

11:31digital ad platform at some point right

11:35coming down when when does that pivot

11:38start does it is it first first out as a

11:41gaming type of piece and then eventually

11:43as you build up that kind of statistical

11:45data and uh Market intelligence it winds

11:49up pivoting over how do you see that uh

11:51exactly the thing is is we use the

11:54chance to win obviously as a motivating

11:57force to get more data but we're not

12:00being intrusive with that data we're

12:01getting brand product and hobby interest

12:03data to try to help you get discounts on

12:05the things that you like and in exchange

12:07you get points inside the game that you

12:10can get into bigger cash price giveaways

12:12in our games of skill contest right so

12:16now we're accumulating this database and

12:18there's a there's a certain amount of

12:20there's like three brands that you have

12:22to pick as you register to come into the

12:24app and so we're collecting that you

12:27know that brand uh Affinity data for you

12:31know from from our users and then as we

12:34build that database and it transitions

12:36exactly what you said to matching it

12:38with a Merchants database it's a it's

12:41called a hot lead

12:42platform it's like uh platform that

12:45Facebook has where

12:47you can get more targeted information as

12:50far as you know uh what people like if

12:54you're selling Nike sneakers on our

12:56platform you know on a platform you'll

12:57be able to reach people who like Nike

12:59sneakers with uh in-store or on load you

13:03know uh you know codes either a dynamic

13:06QR code for in-store applications or an

13:09online code for them to purchases online

13:12but we're looking to match and and you

13:15know help the merchant and help the user

13:18and not charge

13:20uh anything until someone buys so we're

13:24using the Groupon model so that we can

13:27disrupt the digital ad you know uh

13:30sector in the future all right you could

13:33you could say well that's a that's a big

13:35dream but you know Mr Beast uh you know

13:39started doing giveaways within two four

13:41years you had 200 million people

13:43following you right so uh if you have

13:46200 million people on the platform you

13:49know it could become the digital edit

13:51platform that I'm talking about and the

13:54uh it doesn't even have to be that big

13:55but we would that then it transitions

13:58into

13:59the AI algorithms connecting Merchants

14:02to users in real time

14:04you know as a modern day switchboard to

14:07connect them with local coupons

14:09they like you know to present things

14:12still in real time

14:14through an augmented reality billboard

14:16through their own phone or augmented

14:19reality commercials and we'll give

14:21Brands the opportunity to advertise

14:23through the augmented reality world to

14:25people without having to charge them

14:28much because I think meta charge is like

14:2950 to

14:31advertise anything any kind of product

14:34on your metaverse so

14:37you were looking to help Brands and

14:39we're helping look at how people with

14:41you know getting coupons for the things

14:42that they like

14:43but uh we'll also making money yeah

14:46developing developing that platform

14:47getting generating those Affinity leads

14:50all very promising so you said a million

14:52dollars uh was the seed the seed uh

14:55uh offering at this point or or uh ask I

14:59guess yes yes and it's important it's

15:01important to note that this is MVP it's

15:03not just plans we've built this product

15:06out and I can do demonstrations for

15:08anybody interested in uh you had some IP

15:11pending right I think you said that as

15:13part of the talk yeah we had some

15:15patents uh that went in on our first on

15:18our first patent we did get the patent

15:21in one one country but uh the second

15:24patent the patents of pending but we had

15:26the novelty granted through the opinion

15:28letters that we got the idea first for

15:30this whole ecosystem and using AI as the

15:33modern day switchboard so we've been for

15:34in for over two and a half years we got

15:36in before the AI craze and uh so we're

15:39excited about the patent where you know

15:41I mean where it's heading because when

15:44you get novelty on something yeah you

15:46should get the patent for it absolutely

15:48all right Chris well listen great great

15:50work here uh wishing you the best of

15:51luck here going forward everybody Chris

15:53faraguno for he's the founder and seat

15:55yo of windquest thanks for joining one

15:57startup world today Chris best of luck

15:59thank you have a nice day take care

16:07foreign