The addressable market for the metaverse keeps on expanding. At first, the key consumer engagement model driving growth was gaming. By introducing the play-to-earn concept, different metaverses onboarded millions of gamers and started a new digital economy.
Soon after, NFTs emerged and redefined what ownership truly is. People can now enter a metaverse, transform their assets and digital experiences into NFTs, and freely sell them in the open market. Seeing these emerging technologies take off, enterprises across industries are also trying to develop a metaverse strategy to drive sales, improve brand visibility, and build a passionate community worldwide.
While the opportunities seem endless, the ability of a metaverse is only so much. Most metaverses nowadays lack immersiveness and reality graphics to keep users engaged and wanting more. As a result, the economies created are not sustainable, and growth relies on new incentive programs. This is where the Victoria VR metaverse is setting a new standard.
World's First User-Generated Metaverse With Realistic Graphics
Victoria VR is an open-ended metaverse that allows users to turn their imagination into a reality. From entertainment and business to education and trading, there's something for everyone to enjoy and get rewarded in Victoria VR.
As Victoria VR is a combination of a vast social playground and a massively multiplayer role-playing game (MMORPG), there are no predefined rules to classify what is possible and impossible within the metaverse. Users can choose if they simply want to participate in the social playground or also play the MMORPG game. They will have the freedom to create their virtual worlds from scratch and populate it with different assets and landscapes. This also empowers creators to monetize their craft in the metaverse using NFTs.
Besides the never-ending list of opportunities, the thing that stands out the most about Victoria VR is the quality of the gameplay. Using Unreal Engine, Victoria VR introduced high-performance graphics and realistic visual effects. This move helped the metaverse become more flexible in creating new virtual environments for game quests, social experiences, and other virtual events.
Victoria VR's Ever-Growing Ecosystem
Victoria VR metaverse features a diverse set of entertainment, exploration, and education activities that simultaneously benefit different user groups.
The most compelling aspect of Victoria VR is the open-world experience. There is always something new for players to explore and solve quests that wins them exciting rewards like NFT badges and metaverse wearables.
Victoria VR also allows commercial partners to add VR experiences to educate users while maintaining the same engagement and incentive mechanisms. This opens up opportunities to do commerce, conduct virtual live events, and establish franchises for entertainment and other leisure activities.
On top of providing realistic virtual reality, Victoria VR is incorporating a configurable user landscape with its VR lands. Owning a virtual land inside the Victoria VR metaverse allows users to create virtual showrooms, utility buildings, and other private enterprises. Further, owners can claim many bonuses, including mystery boxes and mining resources.
For creators and collectors of NFTs, Victoria VR has created an NFT gallery and multi-functional marketplace. This streamlines the process for artists to showcase their work and find potential buyers. The marketplace makes it easier to exchange NFTs as fiat payments are also accepted.
All these verticals of Victoria VR can be modified anytime based on the DAO proposals. The team of Victoria VR is ensuring that power is given back to users, and they will help shape the metaverse in the future. To participate in DAO voting, one has to lock up VR tokens. As of writing, 232 million VR tokens are staked for an average period of 3326 days.
Promising Road Ahead For Victoria VR
Although the Victoria VR project started just over a year ago, the team led by Ondřej Dobruský and Adam Bém has made incredible progress in terms of metaverse development, token listings, NFT sales, and commercial partnerships.
After a successful token sale, the team rolled out a VR gallery and staking function. Soon after, the team announced incentives for staking VR tokens in the form of staking rewards and whitelist spots for VR land sale. In Q4 2021, the sale was conducted and more than 6,000 land NFTs were sold.
In Q2 2022, the Alpha release was launched and a select group of testers were chosen from the community for feedback. According to the whitepaper, the remaining phases of the roadmap are The Big Market VR and the official launch of the Victoria VR metaverse.
Victoria VR is aiming to fully launch the metaverse by 2023 and go on to achieve a self-sustaining economy in the next ten years. Considering current macroeconomic scenes, it can be hard to grasp the long-term vision.
But metaverse is expected to be an $8-$13 trillion market by 2030, according to Citi and Goldman Sachs. So Victoria VR is primed for growth and can onboard millions of new Web3 users, given it delivers on its promises.
