BitWell AMA | Introduction to Victoria VR: Building the AAA Live-to-Earn Metaverse
On April 1st, Adam, the Co-founder of Victoria VR, visited the BitWell community and brought a wonderful sharing with the theme “Introduction to Victoria VR: Building the AAA Live-to-Earn Metaverse”.
The following is a review of the full content of this community sharing:
Moderator: Catherine, VP of BitWell Overseas Market
Cathy: Could you please give us a brief introduction of Victoria VR?
Victoria VR is the first Blockchain-based MMORPG in Virtual Reality with realistic graphics, built on Unreal Engine, and created and owned by its users.
The world is built to be a universal platform for all virtual realities, games, and decentralized applications, collectively creating a Metaverse — a shared virtual realm; ‘the 3D internet’.
In the Victoria VR World, there will be games, quests, never-ending adventure, virtual galleries, and The Big Market VR where you can exchange NFTs in 3D space! In addition, users will be rewarded for each of their activities in the VR world.
Cathy: What problems it intends to solve?
The problem we are solving is the massive lack of Metaverse in VR, which has the same characteristics as Victoria VR. All similar projects on the market lack at least one critical feature, which we believe will be key to the success or failure of the project in the long run. The most common are; the absence of blockchain, poorly designed economics, incentives, and the game’s overall mechanics, so there are no active users, the absence of upgradeability and scalability of the virtual world, poorly chosen technologies, or terrible graphics.
Cathy: Could you tell us more about the Victoria VR Metaverse? How do you build AAA Live-to-earn Metaverse?
We started working on Victoria VR back in 2018. We combine all the best technologies and best parts from all the games we have ever played. The metaverse is developing the AAA development team — Around 80 in house developers (programmers, level design, architects, modelling, graphics, 3D Generalists, AI,…)
We have the best developers and designers from the Czech Republic, Slovakia, Belarus, Poland, Ukraine, Russia and other countries. We are all based in our offices in Prague. We have contacts with the best universities where we are looking for new talents.
Cathy: Could you give us an insight into Victoria VR’s tokenomics?
Here is the article about our tokenomics where is everything is answered in detail.
Feel free to check it out: https://victoria-vr.medium.com/unveiling-tokenomics-330f5f22bea7
Victoria VR Token (VR) is the native utility token that is used for:
· Buying VR Lands
· Buying all assets (items, buildings, resources, wearables, services, tickets, courses, art)
· And other Extras
There is a never-ending incentive economy that rewards active users and stakers.
Users are rewarded for what they do (completing quests, playing mini-games, exploring the world, creating, building etc.).
Furthermore, Victoria VR returns 50% of all revenue generated from in-game asset sales to the rewards pool, guaranteeing that the motivating economy is never-ending!
Cathy: Does Victoria VR have any exciting initiatives that are planned in the pipeline?
Yes, we have some exciting news and partnership announcements prepared for this month! You will be able to trade the VR Lands on OpenSea, and later this month, there will also be a reveal of the VR Lands NFTs — where you will find out their exact features. Until then, you can expect us to push all the news and build hype!
Please click the following links for further information about BitWell:
Visit us on https://www.bitwellex.com/
Please click the following links for further information about Victoria VR:
Visit Victoria VR on https://www.victoriavr.com/