What is Reality Metaverse (RMV)?
Launched by the founders of the sister company Reality Games, established in 2016, Reality Metaverse is a GameFi ecosystem that allows users to own, buy, and sell digital assets as fractional NFTs (fNFTs) used in games.
Reality Metaverse introduced a new blockchain mechanic focusing on a sustainable "hold-to-earn" model. This model allows users who hold digital assets to earn a share of the revenue generated from games whenever these assets are monetized via in-app purchases. A portion of the game's profit is distributed among NFT holders in the form of the $RMV utility token, which is used for all transactions on the platform.
This unique model enables users to earn $RMV tokens and leverage the power of decentralized autonomous organizations (DAOs) to decide which future games should be included in the ecosystem and funded by the community, providing game developers with an additional source of potential investment.
What Makes Reality Metaverse Unique?
Reality Metaverse is the first company to truly succeed, not just in theory but in practice, in connecting mobile games with web3 technology on a grand scale. It has created a set of 2000 unique NFTs (as fractional fNFTs) transformed into 3D digital assets used in their first game, Landlord GO, as premium content. Landlord GO has over 7 million players, providing a robust initial test to see if the project could work. This game proved to be a successful proof of concept, demonstrating the viability of Reality Metaverse's model. Mobile users can enjoy games and interact with these premium assets, while NFT owners earn 30% of the revenues generated by the games.
The success of Reality Metaverse heavily relies on its community. The community plays a vital role, being the first investors in the project and continuously staking their $RMV tokens to fund the development of future games within the Reality Metaverse ecosystem. This process enhances the utility of the $RMV token. Currently, eight games in the ecosystem incorporate the $RMV token and Reality Metaverse NFTs, further solidifying the platform's unique value proposition.
Reality Metaverse Hold-to-Earn Model
The Reality Metaverse employs a hold-to-earn model where NFT owners earn royalties daily from mobile games that incorporate these NFTs as premium content. By simply holding these NFTs, owners participate in a profit-sharing model, earning 30% of the revenue generated by the mobile games.
Reality Metaverse's mission is to maximize the utility of the $RMV token. The focus is primarily on attracting more game developers to build on the Reality Metaverse ecosystem. By increasing the usage of NFTs in games, holders can enjoy a larger diversification of royalties generation, enhancing the overall utility and value of the $RMV token.
How is the Reality Metaverse Ecosystem Sustainable?
The sustainability of the Reality Metaverse ecosystem is built on creating fun and engaging games for all users. By collaborating with both Web2 and Web3 developers, Reality Metaverse targets a broad audience, including those not connected to blockchain technology.
The primary goal is to create enjoyable games for everyone. When games are fun and engaging, players are more likely to spend money on premium content, not for financial gain, but because they genuinely enjoy the experience. This profit-sharing model ensures that royalties are only earned when the games are successful. Players spend money on digital assets because they value the entertainment, while NFT holders earn a portion of the profit. This model aligns the interests of developers, players, and NFT holders, fostering a sustainable ecosystem.
All royalties are paid in the RMV token, ensuring a consistent and transparent reward system. This incentivizes NFT ownership and encourages long-term participation in the ecosystem.
Games like Landlord GO are available for free on Google and Apple App Stores, making them accessible to a wide audience. Players can enjoy the games without any initial investment.
The ecosystem's sustainability hinges on the alignment of interests. If the games do not generate revenue, NFT holders do not earn royalties. This ensures that the focus remains on creating high-quality, engaging games that players love. By combining these elements, Reality Metaverse creates a sustainable ecosystem where success is driven by fun and engaging games, benefiting players, developers, and NFT holders alike.
What is the Role of the RMV Token?
The RMV token serves multiple crucial functions within the Reality Metaverse ecosystem. Primarily, it is a utility token given to NFT owners as royalties from the games. Reality Metaverse receives revenue in various currencies and performs market buybacks to distribute these revenues to holders in RMV tokens, ensuring that NFT owners are consistently rewarded.
In addition to its role in distributing royalties, the RMV token is essential for purchasing NFTs within the Reality Metaverse ecosystem. This usage incentivizes the acquisition and trade of NFTs, further integrating the token into the platform's economic activities.
The RMV token also plays a significant role in staking options and the decentralized autonomous organization (DAO). Through staking, users can earn additional rewards, while the DAO allows token holders to participate in governance decisions, shaping the future development and direction of the ecosystem.
Furthermore, the RMV token acts as a liquidity provider for new games launching on the ecosystem. For instance, it facilitates the creation of RMV/GAME pairs, providing necessary liquidity and supporting the seamless introduction of new gaming titles.
RMV will also act as a hard currency for the games developed on the blockchain. This means that RMV will be used as the primary in-game currency, allowing players to make purchases and transactions within the game environment. This integration further solidifies the token's utility and importance within the Reality Metaverse.
Overall, the RMV token is a multifaceted utility token that not only rewards NFT holders but also fuels various transactions, governance, liquidity needs, and serves as the hard currency for games within the Reality Metaverse ecosystem.
How Can I Participate?
To participate in Reality Metaverse, you can acquire RMV tokens from various popular exchanges as well as the decentralized exchange Uniswap. Once you have RMV tokens, you can use them to purchase NFTs and start generating royalties from games immediately. Additionally, you can use the tokens to influence decisions about the future of Reality Metaverse.
The decentralized autonomous organization (DAO) allows token holders to vote on which games should receive funding next. By staking your tokens, you can express your preference for a particular game to be funded and developed. Beyond game development, you can also participate in community votes on various topics, such as the color scheme of the next collection of lootboxes or which exchange the RMV token should be listed on.
Reality Metaverse is truly a community-driven project, and your participation helps shape its future.
What Games are Using the RM Ecosystem and RMV Token?
The Reality Metaverse ecosystem and RMV token are integrated into several diverse and engaging games.
Landlord GO is a successful geo-location property management game with over 7 million players. Weather Challenge allows players to use their skills to predict the weather and compete for rewards. In Donut Trumpet Tycoon, users earn $Trumpet coin by becoming a business mogul, with a playful nod towards potentially becoming a president one day. Food Truck Tycoon lets players own and manage a food truck, create menus, and use big data technology to position their truck in real-life locations to maximize earnings.
Speculate is a game where you bet against influencers, testing your prediction skills. Cryptopoly enables players to build their capitalist empire using the RMV token as the hard currency. StreetVers offers a gritty urban simulation experience where players can earn money, fight gangs, shoot rivals, collect NFTs, and grow plants. Finally, there is an unannounced AAA game, referred to as "X," for which more information will be released soon.
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