The first review of this week ideas We’ll start our analysi | Idea factory

The first review of this week ideas

We’ll start our analysis with the idea WaveX by Akinpelu Victor @Skillpayy.

What is the idea about?

WaveX is a gaming system that can vitalize your own character. This system allows young creators to build their own avatar, locations with the help of coding, pictures, or even a scan of their actions.

Pitch quality

We should notice an excellent sound, since during the whole pitch we hear the voice without a hitch. That helps us better focus on the information provided. The ideas concept was presented on the high level without extra words so the idea is easy to get.

Nevertheless, you should try to gather more information in your pitch, relating to revenue streams and market you are focusing on.

Despite this, there must be an accurate pronunciation, so try to bring information slower and yet cover all the points in about 1 minute. Overall, you have successfully explained what your idea is and who will definitely use it in the future.

Competitiveness

There are plenty of games, which are focused on creating your own heroes, providing you sandboxes for this. However, Victor mentioned the use of codes and scan, which differentiate this idea from most others.

Probably, Victor should pay attention to apps which create avatars and games, which create heroes for the game. Based upon this research, it would be much easier to elaborate unique features and find your strong point on the market.

Advantages

WaveX would be chosen by both gamers, designers, and artists. This system may become widespread in various spheres, like gaming, fashion, design, etc.

The idea shows common ways of generating revenue and leaves many options to add new models for gaining finances.

In addition, the startup is good enough for children to develop their creativity, so the social impact is quite high.

Disadvantages

Technical issues. If we understand the idea correctly, Victor would like to provide codes so consumers use codes to develop their avatars and other objects in WaveX.

If so, it might be difficult for the audience to use coding, which may probably decrease the interest in the idea. There must be some guides for users to make the process as easier as possible.

Market Potential

Since we consider the idea one of a few on this market, we find it promising, but difficult to implement. However, Victor should be fast and accurate in the development of WaveX in order to become one of the major players.

If you are highly acknowledged in this industry and manage to gather a good team - you have all chances to make it.

We wish you to keep your passion during this challenging journey!