Victoria VR Research

It should be no surprise to anyone that’s been active in crypto lately that Metaverse and P2E have been among the biggest narratives in the market for a while now

Of course it can be profitable to trade existing tokens

But personally, I like to spread some bets as early as I can into promising projects in a market niche I think has a lot of growth potential

Not all are going to be winners, that’s almost guaranteed, but the upside of those that are can be huge

Personally, I’m not really a gamer (unless you count Mario Kart, because I will whoop your ass at it!)

So I have to evaluate these projects to come to a simple conclusion:

“Does this project have a fair shot at success in the long term?”

Often, the answer is “no” for many reasons, most of which I’ve discussed in other research/articles

But when the answer is “yes” then I take my shot

Victoria VR is on my “yes” list

Here’s why

What is Victoria VR?

Victoria VR is the first Blockchain-based MMORPG 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 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! In addition, users will be rewarded for each of their activities in the VR world.

Victoria VR aims to create a new Metaverse of multi-dimensional interactions where users will be able to immerse themselves interactively with never-ending digital content. The Victoria VR Metaverse will be where people go to work, rest, learn, play and eventually live.

From: https://daomaker.com/company/victoria-vr

Take a look at this intro video

To be honest, I was impressed with the size and scope of the team and the operation

This isn’t a team that was just formed because they saw the hype around Axie Infinity and others and thought they would build something

They’ve been around since 2018, have a large on-site team and infrastructure (1,200sqm office houses 21km of cat-7 cable, DELL power scale servers) and have been working on this extremely complex project for some time

Take a look at their Pre Alpha Game Footage

To my eyes, this looks like something that likely took a lot of time, effort and expertize to put together

Features of Victoria VR

• Tokenomics — A self sustaining economy that rewards stakers and active users
• NFT — every single item in the game (wearable, land, avatar, building etc) can be created and then traded in their Metaverse marketplace (Big Market VR)
• Self Sustaining Model — using a unique server solution that is fully upgradeable and scaleable, the future of the game will be determined by the DAO and puts the important decisions in the hands of the users and stakers
• Beautiful Graphics — they are building on the latest Unreal Engine (the same platform being used by games such as Fortnite and Star Atlas) and aim to provide the ultimate VR experience to users

Revenue Streams

We have created multiple revenue streams to support the maintenance, development and growth of Victoria VR World as it evolves into a fully autonomous economy. 🔥🤩

These revenues will be generated from:

• A % of all in-game item purchases

• The sale of VR Lands (with 50% of revenue going towards VR Rewards Pool with the other 50% being added to the Development)

• Royalties from the secondary sale of in-game purchases (NFT’s)

• Custom development for brands and other projects

• In-game advertisements

• Royalties from the secondary sales of VR Lands (NFT’s)

Team

They have stated they have 65 Team members and are on track to grow to 150 by the end of 2021

Many of the team are public and can be seen here https://victoriavr.com/our-team/

Tokenomics

As you’d expect from a complex Metaverse project, the tokenomics have a lot of facets, so I will try to break them down simply

First of all, the Victoria VR token will be traded on both the ETH and BSC networks (with a bridge being available)

They have stated that the actual transactions on their platform will be done on an in-game blockchain solution to avoid bottlenecks

Users of the game are rewarded for various activities (creating, building, completing quests, playing minigames etc) like most Play to Earn models

However they plan to grow this into something they call a “live 2 earn” model where players can really inhabit the world they build and earn a living from it

Stakers will be rewarded with 20% APY initially, moving to dynamic staking shortly after the TGE

When selling in game assets back to Victoria VR, a percentage of what is earned goes back to the rewards pool — ensuring the pool never runs dry and the motivation to continue engaging with the game to earn is self perpetuating

Token Metrics

Seed Round: Total raise $5.8m, price $0.00295, vesting is 10% on TGE, 4 month cliff, then linear over 36 months

Strategic Round: Total raise $5.5m, price $0.00295, vesting is 10% on TGE, 4 month cliff, then linear over 36 months

Community Round: Total raise $2.1m, price $0.0055, vesting is 25% on TGE, 12 month cliff then linear vesting over 12 months

Seed SHO: Total raise $100K+$5K community round, price $0.00295, vesting is 50% on TGE, 4 month cliff, then the other 50%

How to Buy the Victoria VR Token

Disclosure — I have participated in a Strategic Round through DAO Maker

The Merit Round through DAO Maker has already concluded

You can still participate in the Community Round here https://forms.gle/jMKgRtsxpm1FjJP4A

The date for the TGE has not been announced but keep an eye on their Official Channels (below) for updates

Official Channels

Website: https://victoriavr.com/

Twitter: https://twitter.com/VictoriaVRcom

Chat: https://t.me/victoriavrgroup

Discord: https://discord.gg/CnAwd9hMR4

YouTube: https://www.youtube.com/watch?v=ALt80R3trHs

Conclusion

It’s undeniable that the scope of this project isn’t just to produce a simple P2E game like so many recent launches but a massive immersive DAO Metaverse

I view it much like my early investment in Star Atlas

There’s a long road ahead, for sure

But if they get there and deliver what they plan to, the upside is likely to be incredible

This project aims to bring together the growing worlds of virtual reality, blockchain, NFTs with real use cases within the ecosystem and DAO Governance to create a fully immersive Metaverse

And from what I’ve seen, they have a decent shot at reaching their goals