Nextech3D.ai Partners with Toggle3D.ai to Launch Innovative AI-Powered 3D Model Marketplace, Enhancing Revenue Streams

Company is monetizing its 200,000+ 3D Model Library

TORONTO, ON / ACCESSWIRE / May 16, 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, and other major e-commerce retailers is excited to announce significant enhancements to its revenue streams through a strategic partnership with Toggle3D.ai (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C). This collaboration introduces a new, AI-driven marketplace featuring over 200,000+ of our meticulously developed 3D models, now available for purchase in millions of colors and configurations at prices ranging from $20 to $95 per model.

These models, which encompass a diverse array of 3D models, quad meshes and parts, have been crafted over several years, generating millions in revenue for Nextech3D.ai. By leveraging Toggle3D.ai's innovative generative AI platform, Nextech3D.ai aims to significantly increase this revenue. A 30% royalty fee on sales through the Toggle3D.ai marketplace will contribute to this growth.

Evan Gappelberg CEO of Nextech3D.ai comments " After spending 3-years and $20 million creating AI-powered 3D modeling technology, generative AI texturing capabilities and 3D cloud hosting platforms we are now totally focused on monetizing them. This partnership allows users to customize purchased models using Toggle3D.ai's advanced generative AI texturing tools. This capability not only enhances user experience by offering countless customization options but also opens up a new avenue for revenue generation through these unique, tailored models. We look forward to seeing the creative ways our models are used and the continued expansion of our marketplace."

Example of the companies new AI Rendering of a 3D Chair & Ottoman in 4K:

Nextech3D.ai Continues to Sign New and Renewal 3D Modeling Deals

The company believes that it can become profitable in 2024 by scaling revenue with 80% profit margins while operating expenses are going down due to its investment in its patented AI. The strategic shift to Hyderabad India aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.