Key Takeaways
- The Victoria VR Alpha opportunity allows you to purchase the $VR token at an exclusive price. Tokens will be released during the lockup period of 12 months and the exact price of the token will be revealed directly in the vault.
- The Metaverse is a growing narrative and there are a lot of reasons to believe that this is not going away. McKinsey's projections indicate a potential Metaverse economy of $4-5 trillion by 2030. This suggests substantial opportunities for both entrepreneurs and investors.
- There are a lot of synergies to be unlocked between crypto and Metaverse platforms . Blockchain design can put the community at the center of those initiatives and give ownership and governance rights to users with tokens. Further, NFTs can bring a notion of asset ownership and interoperability between different worlds where any assets can be traded freely and without barriers.
- Victoria VR is an entire Virtual Reality platform building at the intersection of these two technologies. It is a Blockchain-based MMORPG (Massive Multiplayer Online Role-Playing Game) in Virtual Reality with Realistic Graphics built on Unreal Engine, co-created and owned by its users.
- The $VR token has had a great year-on-year performance of 370% and a part of this move can be attributed to its desire to launch an App on Apple Vision Pro.
Market Overview
History has no shortage of revolutionary ideas, and the metaverse is one of them. We can think of this concept as a collective virtual space where users can interact with other users and different computer generated environments. While its potential is yet to be grasped, interest in this field has boomed in the last few years, especially when Facebook rebranded to “Meta” in October 2021 and the “Metaverse” became a household name. The recent launch of the Apple vision pro, in February 2024 further accelerated this trend and reinforced to the world that indeed, Virtual Reality (VR) & Augmented Reality (AR) will be part of our future.
With the current growth rate of technology, it is not hard to think that the metaverse will soon comprise any digital interaction from commerce, to game, or social media. At the end of the day, everything imaginable could become a reality in those virtual worlds.
While this future can look dystopian and scary at first, there are many elements to suggest that this trend is not going away. A 2022 survey from McKinsey reported that around 60% of consumers welcome the transition of activities into the digital realm.
Moreover, McKinsey also bullishly estimated that the Metaverse economy could reach $4-5 trillion by 2030. This is huge and signals a lot of potential opportunities ahead for both entrepreneurs and investors.
But for now, Metaverse applications are mainly controlled by corporate networks with high take rates and low interoperability between different worlds, games or activities resulting in a suboptimal user experience. With that in mind, we believe that crypto can change this. Blockchain networks and its low take rate can put the community at the center of those initiatives and give ownership and governance rights to users with tokens. Further, NFTs can bring a notion of asset ownership and interoperability between different worlds where any assets could be tradeable freely and without barriers. This can be a game-changer for the future of the Metaverse.
However, let’s face it, the current synergies between crypto and VR/AR are still much more of a concept and still in their early stages of development. The applications are not mature yet and there is still a long way to go before this vision becomes reality. Having said that, Victoria VR is a project that evolves within that sector.
An overview of Victoria VR
Product
Victoria VR is a Blockchain-based MMORPG (Massive Multiplayer Online Role-Playing Game) in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users. The whole world is built to be a universal platform for all virtual realities, games, and decentralised applications , collectively creating a Metaverse — a shared virtual realm, the 3D internet.
In Victoria VR world, users can do anything they want. It is a virtual reality platform for all applications, whether it is for playing games, building projects, owning a business, having fun or interacting with other users. Truly, the user's imagination is the only limit.
Currently, the product is not available yet and the early access will begin in April 2024. However, the first videos of the world are promising. This can be found on their twitter account .
Here are some key characteristics of Victoria VR:
- Graphics: Powered by the latest Unreal Engine, Victoria VR aims to provide to its users a realistic VR/AR experience that will continually upgrade with the latest trends and innovations.
- Quests systems & Play-to-Earn: Victoria VR have gamified their experiences to captivate users. Moreover, the in-game economy is designed to reward active users and stakers.
- VR AI Builder: The goal of this is to enable anyone to create their Virtual Realities, Games, and Immersive Experiences without any coding skills.
- NFT integration: Users can create, modify, or trade NFTs that represent in-game assets and more.
The first crypto-related app on Apple Vision Pro?
One interesting thing about Victoria VR is that it aims to become the first crypto related platform to launch on Apple Vision Pro and offers an immersive MMORPG experience with realistic graphics for users.
While this news was well appreciated and the token price reacted positively to the latter, Apple’s cautious stance on crypto and in-app economies raises questions about the launch prospects on the App Store of Victoria VR. For now, there is no certainty that this will happen. Nonetheless, it should be an important catalyst to monitor.
Team
Here’s the breakdown of Victoria VR’s main leadership positions according to Victoria VR’s Whitepaper :
Adam Bém - Co-founder & CEO
With more than 5+ years of experience in project and team leadership, project planning, strategic planning, and blockchain technology, Adam has successfully led 2 technological projects with automated trading algorithm development and cyber security emergency team.
Robert Haluska - Co-founder & COO
Robert has been practicing Feng Shui for 24 years and his main focus is to bring these teachings into Victoria VR’s digital world.
Mark Akinwale - CBO
Mark is committed to empowering entrepreneurs and building strong ecosystems. With a background in Actuarial Science, he has founded startups in B2B SaaS and consumer goods and has been actively investing and advising in the crypto space since early 2017.
Mario Valle Reyes - CSO
Mario has +20 years of experience in the games industry, including nearly 11 years as Director of Business Development for Emerging Markets in Electronic Arts (EA). He also co-founded Altered Ventures” a investment fund in Silicon Valley that focused in the pre-seeding stage of independant games, esports, and VR/AR development.
Tokenomics
Victoria VR Tokens ($VR) is the native utility token and the only acceptable currency in the Victoria VR world.
The $VR token can also be staked in what they refer to as “Virtual Revolution Staking.” This process is intended to reward community members with the following:
- Dynamic APY
- Mystery Airdrops
- VR Land whitelisting
- DAO participation
More details on the staking can be found here .
In addition to that, this is the initial distribution of $VR:
Token Performance
At the time of writing, VR’s Fully Diluted Value (FDV) is around $700 million and it ranks on the 446th place on CoinMarketCap. While VR is still down 94% from its December 2021 ATH (All Time High) of $0.712 USD, the token has had a great year-on-year performance of 370% and a part of this move can be attributed to its desire to launch an App on Apple Vision Pro.
Comparative Analysis
Here’s a breakdown of the different Metaverse & VR/AR crypto projects:
Lastly, looking at the 1-year price performance of those different Metaverse projects, we note that Victoria VR has a stronger momentum than others over the last rolling year:
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