Imagine owning the Eiffel Tower, strolling past the Sagrada Familia, or even flipping the Statue of Liberty – not in the physical world but within the metaverse.
This isn’t a futuristic fantasy but the groundbreaking vision of Reality Metaverse, a GameFi project bridging the gap between our physical world and the digital universe through Reality NFTs.
In this exclusive interview, we delve into this innovative vision with Maciej Burno, the Head of Project and CBDO of Reality Metaverse, exploring the exciting intersection between reality and the metaverse.
Hi Maciej. Can you tell us about yourself and your journey to co-founding Reality Metaverse?
I have built a career as an expert in the gaming industry, primarily in Asia, where I held senior roles at leading companies like Aptoide, Samsung, and Wanda Games. My experience spans collaborations with nearly every major studio in mobile gaming.
My deep involvement in Android platform development ignited a passion for leveraging my experience in newer, cutting-edge technologies. This led me to the blockchain space, where I saw the potential to create a sustainable ecosystem that bridges traditional web2 users with the emerging web3 community.
It was at this juncture that my long-time friend and CEO of Reality Games, John Woznowski, was exploring the creation of a web3 platform for their popular mobile game, Landlord GO. Recognizing my expertise and vision, John invited me to spearhead the development, marketing, and growth of what would become Reality Metaverse. The opportunity to co-found this venture was perfectly aligned with my focus and aspirations, making it an irresistible venture to embark upon.
What would you say is the core objective of Reality Metaverse?
The primary objective of Reality Metaverse is to revolutionize the gaming industry by establishing a web3 platform that empowers game developers. Our platform utilizes the RMV token and Reality NFTs, offering a unique profit-sharing model where revenue generated from games is shared with NFT owners. This is a significant shift from the traditional model where developers pay substantial fees to platforms like Google and Apple. In our ecosystem, similar fees are redistributed back to the community, fostering a more equitable and supportive environment.
Moreover, we actively support game developers of all sizes, providing essential funding and marketing resources to ensure their success. This approach not only contributes to the developers’ growth but also enhances the utility and value of our tokens and NFTs.
Our second core objective is the seamless integration of web2 users into the blockchain ecosystem. An exemplary success in this regard is the onboarding of Landlord GO, a game from Reality Games with over 7 million players, which served as a robust proof of concept for our platform, demonstrating our ability to achieve this integration effectively.
What is Reality NFT all about?
Reality NFT is an innovative online portal for buying, selling, and trading NFTs tied to real-world locations, merging the digital and physical realms. A distinctive feature is its ability to pass part of the revenue to NFT owners, especially when web2 players purchase items linked to these NFTs, like their 3D models. This setup not only fosters a unique investment opportunity but also allows NFT owners to earn royalties from mobile games that integrate our NFTs as premium content.
What kind of technology do you use to tokenize real-world locations and connect them to the metaverse?
We work with a large pool of 3D artists to create detailed models of real-world locations, starting with 2000 famous places as NFTs. These models range from low to ultra-realistic quality and are integrated as premium content in our mobile games. We then use proprietary technology to connect these in-game assets to the web3 world. Additionally, we utilize data from the Landlord series and Big Dots Big Data by Reality Games to value these locations, seamlessly blending artistry, technology, and data for a unique metaverse experience.
What blockchains are you currently building or intend to build on in the future?
We are currently strategic partners with Polygon, but our vision extends towards becoming chain agnostic in the future. This means that while we currently build on the Polygon blockchain, we plan to support multiple blockchains down the line. This approach will allow for greater flexibility and accessibility for both developers and users, ensuring that our platform can seamlessly integrate with various blockchain ecosystems.
We’ve seen some GameFi projects come and go for reasons relating to a lack of utility and a sustainable model. What is Reality NFT doing differently?
At Reality NFT, we prioritize utility and sustainability, setting us apart from many GameFi projects. Instead of solely relying on the Play to Earn model, which often proved unsustainable due to the depletion of tokens, we adopt a different strategy. Our focus is on the multi-game utility of NFTs, allowing them to generate a share of the developers’ revenues across various games. This model ensures that NFTs yield royalties only when revenues are generated, which motivates us to continually integrate our NFTs into new games.
Our approach is already proving successful with Landlord GO, an established game with millions of players and a strong community. Moreover, we have six additional games in development and plan to collaborate with external developers. This diversified strategy not only enhances the value of our NFTs but also ensures a more stable and sustainable ecosystem.
How do Reality NFTs integrate with existing mobile games like Landlord GO?
In Landlord GO, a geo-location-based property trading and management game, we integrate Reality NFTs by embedding our 3D model NFTs within the game. These NFTs are offered as premium content, allowing players to purchase them to enhance their gaming experience. This integration not only adds a unique dimension to the gameplay but also provides players with tangible benefits in-game.
For other mobile games, our approach varies according to the game’s design and economic model. We utilize either NFTs or the RMV token as a hard currency. This flexible strategy allows for seamless integration of our digital assets, aligning with the specific mechanics and economy of each game and thereby enriching the overall player experience.
Will there be more games in the future?
Absolutely, we are actively expanding our gaming portfolio. Currently, we have six games under development and are continually seeking partnerships with more game developers to enrich the Reality ecosystem. Our ambition is to eventually feature hundreds of games connected to the RMV token. These games will utilize our NFTs, providing an increased volume of royalties to NFT owners. This growth strategy not only diversifies our offerings but also enhances the value and utility of our NFTs within the gaming community.
How do Reality NFTs generate value for their owners?
Owning Reality NFTs offers a straightforward yet rewarding experience. Currently, NFT owners simply hold their assets in their wallets, and royalties accrue daily. These royalties are distributed to their accounts on Realitymeta.io and are available for immediate claiming. In the future, we plan to enhance this process by introducing gamification elements to the ecosystem, making the experience more engaging and interactive.
The value generation mechanism behind our NFTs is quite direct: they serve as premium content within various games. When players interact with game assets linked to these NFTs, a portion of the revenue generated from such interactions is allocated to the NFT owners. Since our NFTs represent partial ownership, this revenue is evenly distributed among all share owners.
Can you describe the process of acquiring and owning a Reality NFT?
Acquiring a Reality NFT involves a few straightforward methods. The most direct way is to visit our website, navigate to the marketplace, and purchase NFTs directly from existing owners. For those interested in special deals, we offer daily features highlighting three locations and top offers for bulk purchases at discounted rates, ideal for users looking to resell for a profit. Additionally, we have bi-weekly lootboxes, which provide an opportunity to obtain rare NFTs at a starting price as low as 20 USDT.
Aside from direct purchase, becoming an active member of our community opens up another avenue for acquiring NFTs. We host regular events with a reward system that guarantees prizes for all participants. This approach not only fosters community engagement but also serves as our way of showing appreciation for their continuous support.
How do you ensure the security and authenticity of Reality NFTs?
To ensure the security and authenticity of Reality NFTs, we provide straightforward verification methods. The primary way to confirm the legitimacy of your NFTs is by checking your portfolio on the Reality Metaverse website. If your NFTs are displayed there, they are authentic.
Additionally, for users who purchase NFTs on secondary markets, it’s crucial to verify the contract details. Authentic Reality NFTs will be listed under the Reality NFT collection.
Reality Metaverse has a token dubbed “RMV.” What is the role of the token in the ecosystem?
The RMV token serves as a pivotal element in the Reality Metaverse ecosystem, with distinct roles for NFT owners and game developers.
For NFT owners, the primary utility of the RMV token lies in receiving NFT royalties. These royalties are paid out in RMV, which owners can use to acquire more NFTs or exchange for other tokens or fiat on various exchanges. Additionally, the RMV token empowers our community through a DAO. Here, token holders can vote to influence decisions, such as selecting which games to add to our ecosystem or deciding against publishing certain games.
For game developers, RMV provides critical support in two main areas: it contributes to the Game Development and Marketing Funds, assisting them in game creation and promotion, and it supports Community Grants for hosting special live operations events to boost game revenues.
A key strategy in our ecosystem is maintaining constant buying pressure for RMV. Game developers are obligated to pay a portion of their revenues (30%) to us in fiat currency. We use these funds to buy back RMV tokens, which are then redistributed to the community as royalties. Community members have the flexibility to reinvest in additional NFTs, enhance their royalty earnings, stake in games for attractive APR, or liquidate their tokens for profit. Part of these funds is also allocated to further market the games we publish,
What is the ideal dream/vision for Reality Metaverse?
Our ultimate vision for Reality Metaverse is to establish ourselves as a leading web3 game publisher, where the community is not just a participant but a key decision-maker and part-owner. Drawing from over 20 years in the gaming industry, I’ve witnessed many studios struggle to secure the necessary investment to complete their projects. Often, the gaming market is dominated by older titles from top publishers, leaving little room for new and innovative games.
At Reality Metaverse, we aim to change this narrative by offering these studios a platform to not only finish but also showcase their games to a wider audience. This initiative will bridge the traditional web2 gaming community with the emerging web3 space, creating a symbiotic environment where both communities benefit. Our web3 community members will be rewarded with royalties, while web2 gamers will gain access to a broader range of unique gaming experiences.
The transition from web2 to web3 is a crucial aspect of our strategy, and we are committed to leading and facilitating this shift in the gaming industry. This is more than just a business model; it’s about creating a new paradigm in gaming where inclusivity, innovation, and community ownership are at the forefront.
What stage is Reality Metaverse currently at, and what is next for the project toward realising the “ideal vision”?
Reality Metaverse is at a significant stage, having successfully tested our concept with Landlord GO, which has established us as a community-funded project. Our marketplace is thriving, with a great user experience and a solid model for game developers.
Our immediate focus is twofold: to broaden our game selection within the ecosystem and to expand our web3 community. The addition of more games will showcase the sustainability of our gamefi model and enhance the value of our finite number of NFTs. This step is crucial in demonstrating the full potential of our ecosystem and moving closer to our vision of a community-driven, sustainable gaming platform.
