Let me tell you a fact, to have the true AR experience, you need ARkit/ARcore based apps.
Currently only IOS 11 supports ARkit, which can be used on iPhone 6s or above.
For android phones, currently only google pixels phones support ARcore.
Personally I have strong faith in AR industry, however the market is not mature enough, and that could be the most important reason why Thred didn't achieve white label deals at the end of 2017.
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