Breaking through the “Metaverse Island’’-REALY Constructs a Metaverse Product in a “Hyper-real’’ Form

11 min readDec 2, 2021

In the definition of “Metaverse”, there are different understandings and interpretations about Metaverse. “Metaverse” technology is still in the early stage, people are still finding the way to comprehend every part of it. However, linking up with the virtual world and the real world may be the final goal those developers would like to pursue.

When the Metaverse world applies to real life, everyone’s imagination will be infinitely stimulated. After countless collisions between the real and the virtual, a “hyper-real” Metaverse product — REALY was born.

Virtual is the future and the future is here

According to Zuckerberg, “In Metaverse, you will be able to do almost anything. You can gather with friends and family, work, study, shop, create and gain a brand new experience that is unimaginable in the current understanding of computers and mobile phones. In the future, you will be instantly transmitted in the form of a hologram, you can arrive at the office without commuting, attend a concert with friends or return to your parents’ home. You will spend more time on meaningful things.

Along with Facebook’s name change to “Meta”, which is derived from “Metaverse”, the entry of traditional business giants inspired people’s unlimited imagination of the metaverse. According to Zuckerberg’s theoretical conception, the term metaverse was given greater theoretical material.

REALY, like its name, starts from the “real” and enters the virtual world to create a new meta-universe ecological world “virtual is the future and the future has come”.

If you think of REALY’s Metaverse as a huge decentralized virtual world, then there will be different ecological themes in REALY’s world.

For example, game-themed GameFi, social-themed SocialFi, financial-economic system Defi, trading market Marketplace, encrypted asset NFT and other different forms of expression can all get a new experience in the REALY meta-universe.

The Dream of the capitalism “Meta Universe”

The Metaverse track itself has trillions of market potential, including AI, blockchain, communications, AR, VR, and many other emerging technologies, which are interconnected in the context of technological development, and leading VCs and investment institutions have entered the market.

Since the first Metaverse IPO was listed, foreign companies such as Facebook, Epic Games, and Nvidia have deployed Mertaverse and many Chinese companies, including Tencent, have also begun to deploy on it too.

“Generally speaking, the benchmark of a good MEtaverse project is based on how much financing they get the seed round and the background of their venture capital. Those capable VCs are playing an influential role in the Metaverse field.”

Learn about REALY Metaverse — perfect integration of virtual and reality

REALY Metaverse is the first Metaverse project based on Solana that has “Metaverse virtual life + wearable tool NFT + pet NFT + 3A game screen + well-known IP cooperation”. In Realy Metaverse, every user can breed pets, participate in the construction of Metaverse, interact with street fashion and enjoy the dividend from the ecosystem. Besides, the user is also able to enjoy fashion, architecture, virtual concerts, virtual performances, art exhibitions, museums, etc. Also, the user is able to develop the entire ecosystem.

REALY Metaverse was developed through Unreal Engine and cooperated with Japanese developers to create a virtual Metaverse world with a screen comparable to 3A games.

REALY Metaverse focuses on street culture and will bring familiar names (including fashion brands, graffiti artists, fashion toy brands, musicians, rappers, skateboard brands, etc. REALY is going to combine the Metaverse technology and NFT to accomplish a perfect merge between virtual and reality.

REALY Metaverse will be a city in the sky, full of nature, architecture, streets, art, stadiums, etc. Users can experience street culture immersive and realize their craziest imagination. The REAL token will serve as the basic layer of the infrastructure, enabling all levels of cryptocurrency activities.

In REALY Metaverse, users will have the opportunity to get cryptocurrency and experience the street culture. In addition, REAL users will be able to earn income by hosting virtual events, renting income from real estate, concert royalty sharing, and participating in Metaverse, etc. In order to let users feel immersed, REALY Metaverse uses the leading Unreal 3D authoring engine to create real-time motion sensing reflecting concerts and events.

REALY builds a complete Metaverse value chain

REALY Metaverse has gradually built various upper-level applications starting from the underlying technology. At the same time, it has built an ecological chain with Metaverse values under the guidance of NFT assets.

In the REALY Metaverse economic system, it will base on a virtual asset economic system to derive different economic outputs and create an ecosystem related to property rights, virtual real estate assets, and rarity create a closed-loop ecology of its own Metaverse system.

The underlying infrastructure and technical facilities

REALY Metaverse uses the independent game engine “Unreal Engine 4” to develop a hyper-realistic visual virtual world, which means that thousands of games and applications have been running on the “stack” of its tools and software. Base on this technology it is able to simplify the transaction process and allow REALY Metaverse easier to share assets, integrate experiences and share information.

Unreal Engine now contributes various traditional media experiences. For example, Disney’s “The Mandalorian” was filmed and fully rendered in Unreal Engine. The director Jon Favreau was able to truly enter his digital environment and position the characters and the audience is also free to enjoy the digital environment as well.

In addition to movies and TV, Unreal Engine is also increasingly used in live events: For example, Unreal Engine provides support for Fox Sports’ NASCAR scenes, which also provides the bottom layer for applications such as Realy Metaverse virtual avatars and concerts.

Upper layer application

With the support of the underlying technology, Realy Metaverse has also produced many different types and different levels of product applications, which complete the value ecology of Real and carry innovative value. For example, the following scenarios and applications:

· Role: “Second Life” in REALY World.

· Fashion: Create your own 3D image and create fashionable clothing.

· City: tradable and interactive consumption.

· Social: communicate with friends and broaden social circle.

· Music venues: DJs and musicians able to perform their shows.

· Art: Create and visit the Museum of the Ministry of Art

· Community: DAO, virtual community

· Immersion: Experience of the metaverse

· Civilization: Build an ecological civilization

· Diversity: Provide a rich content experience

Different types of assets

REALY Metaverse has different types of asset circulation, which together support the internal circulation of value within the ecology, such as the built-in token economy, land economy, taxation, incentives, and NFT asset circulation.

REALY element

REALY gathers different applications and elements to build different styles and experiences in the Metaverse world and draws a more colorful virtual world through different elements.

Avatar: the necessary element to construct the Metaverse

People can live in REALY’s Metaverse in the form of Avatar (virtual avatar) and create an “always-online second life”.

As the basic element of constructing the REALY Metaverse, users can create their own Avatars. Avatars have a richer and more diverse image, almost similar to real people, and respond to more scene changes, which can satisfy consumers’ love and other different emotional sustenance.

City

The REALY metaverse city contains a variety of tradable and interactive scenarios, creating brand-new e-commerce, marketing, and social channels.

Users can get income through different games in accordance with its rules. For example, the land system allows users to rent out to earn rental income. You can also find your favorite brands, IPs, and works of art here, for entertainment, users can visit virtual concerts, art museums, and make new friends here.

REALY’s Metaverse will start from urban planning and adopt the Japanese “metabolism” school theory as its core guiding ideology to build a 3D virtual city that not only conforms to the urban planning theory, but also has the logic of commercial value, and pays more attention to user experience. Among them, land, shops, residences, etc. will all become the core virtual real estate, and users can build and operate independently.

“Second Life”

REALY Metaverse uses Avatar to create exclusive hyper-real 3D avatars and wear digital fashion clothing. In this immersive virtual world, users can collect, trade, display, and share NFTs with friends in the virtual social world. In a virtual world, users can perform social, creative, entertainment, and other activities.

Users are also able to feed virtual pets, watch virtual concerts, browse virtual facilities and daily necessities in the REALY Metaverse. Enjoying the second life will never go offline under the blessing of Avatar.

Trend culture

This year REALY has made a further iteration and added fashionable cultural elements to the Metaverse world. REALY will bring street-level brands, IPs, stars, KOLs, etc. to this virtual city. All of these will also be cast as NFTs. At the same time, the virtual and physical objects are connected to use virtual and real-world life.

REALY has also signed contracts with some global stars and artists to help them create their own virtual images, launching exclusive virtual concerts and exclusive NFTs for them. Also, Realy will introduce cooperation with well-known brands to increase fan attraction for artists and brands.

NFT assets

REALY had sold Bearache NFT assets in September. It is based on the ERC721 NFT issued by Ethereum. There are a total of 10,000, including more than 30 sets of different design styles, and more than 150 different design elements.

Bearache is also a VIP member of REALY Metaverse. Users who hold Bearache will have numerous exclusive membership rights, including a limited number of NFT priority purchase rights.

Later on, Bearache will be upgraded to a 3D version and it will become a virtual pet in the Metaverse. It is the first, limited, and only virtual pet NFT. It is also a symbol of Metaverse identity.

Immersive plus buildable, breaking the isolated island of Metaverse

There are currently two types of Metaverse products in the market. One is immersive products, such as UX upgrades and 3D models to emphasize the upgrade of sensory experience (such as Decentraland, CryptoVoxels). This type of Metaverse product focuses on the development of virtual reality technology.

The other is buildable products, free to build products (such as DeFi Lego and Loot), without a graphical interface, focusing on interoperability and development experience.

REALY Metaverse combines the immersive and buildable attributes through its own products and characteristics, breaking with traditional Metaverse products.

Economic model/value chain

Release method

The $REAL token is released in the form of a gentle release of inflation and is mainly used to reward various behaviors and activities in the Metaverse.

The center of releasing $REAL is the entire REALY WORLD vault. The release speed of the vault is determined by the developers. However, we will change to the form of DAO at a certain time.

The vault releases a certain amount of $REAL every day, part of them will releases after the users accomplish the daily tasks. Players are able to obtain the token after they complete the task.

Another part of $REAL is injected into the city’s DAO. This will create competition when the player creates multiple cities.

City DAO

The 3 main functions of City DAO are:

1. Players propose the basic values of the city, such as the city tax (City Tax) of operating a shop in the city;

2. Decide on the allocation of $REAL between landholders and users who stake $REAL;

3. Determine the special events and related budgets to be launched by the city.

The voting rights of City DAO can be obtained in the following ways:

1. Stake $REAL in CITY DAO;

2. Holding the lands in the city.

The land

The land is a special type of NFT and the amount of land in each city is limited. Holding these lands have the following advantages:

Holding the lands will automatically get the right to vote in the city;
The land can be leased to users to establish STOREFRONT, and the rent is determined by market supply and demand;
The land will receive a small portion of $REAL as the passive income every day.

STOREFRONT

STOREFRONT is a store opened by the leaseholders, with the following characteristics:
1. The transactions generated in STOREFRONT need to pay City Tax in the city, and at the same time pay World Tax in the World Treasury;
2. It’s better to set up some of NPC’s STOREFRONT, which sells various basic items, and the token is $REAL.

Transaction and collection market

The NFT of the entire game borrows the concept of “manufacturing”. For example, selling a designer’s clothes can be partly sold in the official NFT store, and the other part is to let players collect materials to make them by themselves. Players need to buy materials in different cities and then synthesize clothes. The operator announces the formula, the last step of manufacturing interacts with the chain and randomly generates various clothes, and there is a certain chance to synthesize rare clothes.

The game can sell pets, sell various dyes, and clothes.

Treasury & Repurchase

The replenishment of the World Treasury is mainly in two forms:

1. The secondary market in each city will collect a part of the world tax and add it to the treasury;

2. The official NFT is sold, and the sold $REAL is added to the vault, and the sold $SOL or $USDC is used to repurchase $ REAL to add to the vault.

Road map

REALY plans to launch virtual cities, hold virtual concerts, invite brands, IPs and expand the number of users to 2 million in 2021. (The roadmap will be adjusted according to the actual progress of the project and market changes.)

· November 2021

Online REALY official website, digital fashion, Avatar, virtual pet and mount NFT

· November — December 2021

REALY ICO/IDO, online trading, virtual concert, 3D NFT, well-known Rapper cooperation, brand upgrade

· First quarter of 2022

Launch virtual cities, open virtual shops, markets, art museums and virtual concerts, UGC dialogue

· Second quarter of 2022

Launched virtual pets and amusement facilities, opened virtual physical stores and stores, and started to encourage operations.

· Third quarter of 2022

Launch community DAO governance, establish NFT associations and other virtual city autonomous organizations, and open pledge voting.

Summarize

REALY is just like its name, starting from the “real” and stepping into the virtual world to create a new Metaverse ecological world “Virtual is the future and the future is here”.