projects that are very interesting for you to know about new cryptocurrency named Revomon. Before heading to the discussion, I think we all agree that Blockchain technology still needs an effort to encourage adoption to continue to grow and continue to grow in the future. Well for that, let's look at the project's brief review Revomon below.
Introduction
Online gaming has undoubtedly become a phenomenon that can no longer be ignored. Millions of people across the world play a variety of games – some professionally, some casually. While gaming was a niche a year ago, it’s now the norm for many young people. Play-to-earn tossed around a lot lately. Play-to-earn is exactly what it sounds like – a business model where users get to play a game and earn cryptocurrency while doing it. It’s a very powerful psychological model because it combines two activities that have been driving mankind since the dawn of time – making money and entertainment. The key component in this model is to give gamers ownership over certain in-game assets and allow them to increase their value by playing the game actively. Usually, in the crypto world, defining the ownership and even transferring it is possible through the use of non-fungible tokens (NFTs).
Recently a new concept called Metaverse is gaining so much popularity in the gaming industry. Imagine a world where everything is possible, so long as it’s designed and developed. It can be described as a world of endless and interconnected virtual realities where people can play, meet, work, and do whatever they want, using headsets, AR devices, and other smart gadgets.
For players looking to get involved in these blockchain-based VR games and start earning cryptocurrency and NFTs, here is another potential project is Revomon.
Market studies by well-established entities such as Goldman Sachs Investment, the Federal Communications Commission (FCC) USA and Ministry of Industry and Information Technology (MIIT) China underscore the fact that the VR sector has a huge potential over the coming decades.
To help visualise this we will look at research from the Nielsen firm and its subsidiary "SuperData" who study the gaming industry closely.
In 2020, the virtual reality market (hardware and software) was valued at around 40 billion dollars.
What is Revomon?
Revomon (Revolution Monsters) is an immersive new Virtual Reality RPG game where items and monsters are truly owned by its users through NFTs (Non-Fungible Tokens). The game aims to be a community-driven model bringing together the best of blockchain and VR gaming.
Revomon is an exciting new Metaverse that combines an incredible, immersive virtual-reality experience with the ground-breaking technology behind NFTs. This synergy will allow for the creation of real value in a virtual world by leveraging blockchain technology.
Vision of Revomon
Revomon’s vision is to become the first VR game powered by a decentralized application (Dapp) on the blockchain. Revomon is bringing four new dimensions to the gaming industry through the Revomon native token, $REVO: Ownership, Play to earn, Project Governance, Staking.
Ownership: Gamers spend hours trying to obtain an epic item with great value in the game, but once they stop playing these in-game treasuries vanishes from their account. Except for a few emerging blockchain games, the entire world of gaming is being stored on centralized databases. This results in a world where players have no true sovereignty over their characters and items, rendering them perpetually reliant on centralized entities. The Revomon project s olves this issue by allowing players to maintain ownership of all their looted items, crafted items, and caught monsters. This is all enabled through tokenization. Each player will be able to convert their assets into Non-Fungible Tokens (NFTs) which are linked to their own personal wallets.
Play to earn: Revomon challenges the classic parent’s complaint - “You waste your time playing these stupid games !”. Now you’ll be able to confidently say with Revomon you are not wasting your time anymore, because the more time you spend in-game, the more rewards you will claim. Your time will be spent reaching new levels and zones and unlocking various achievements. Revomon, at its core, is about creating a great gaming experience that also has a functional and valuable economy.
Governance (DAO): Revomon uses a decentralized autonomous organization (DAO) enabled through the $REVO governance token. $REVO develops synergy between the community and the team, and allows a community-driven model for decision making. Each token represents a voice that can be expressed through votes on the future decisions of the platform. In short, a decentralized board of directors is created for this project, and you can become part of it.
Staking/Farming: Revomon’s ecosystem will create an interesting way of generating passive revenue for a limited time in its early stages, through staking and yield farming pools. 35.2% of the max supply will be held in the RevoVault and will be used solely to reward all users that stake or provide liquidity to feed DeFi protocols such as Uniswap and Quick swap. Simply put, by adding liquidity, you will be able to stake the LP tokens received to earn $REVO tokens based on a variable APY.
Gameplay
Here, players will assume the role of a Revomon Tamer and learn how their real-life gestures will let them interact with the virtual world we have created.
"Revomon crashed to Earth long before the evolution of humanity into the planet’s dominant force.
As time passed however, these creatures were forced to adapt to the presence of humanity. As this change occurred, Revomon Tamers managed to bring great benefits to the human race by harnessing the incredible power of the monsters. Many mysteries still remain around the magical capabilities of the Revomon, as it seems that Tamers have only just begun to understand their true power.
Throughout the years various factions have emerged who see the revomon for different purposes:
The scientists, who wish to study these revomon and to understand and catalogue their unique abilities.
The secret society, made up of the world's most elite and powerful people, they see revomon as nothing but a tool to be used for profit.
The anarchists, who believe the world was better when humans and revomon were equal, their goal is to use revomon to disturb the peace.
Select your Tamer and train your Revomon in a first-person environment within VR, and explore the environment by interacting with various elements. Use your slingshot to throw energy balls at Revomon to catch or release them."
Tokonomics
Players can be rewarded for the hours they spend playing Revomon. Time is valuable and the items they collect while playing will have value for other players. The game is developed with this core aim in mind. Revomon is powered by REVO Token, which works as the native currency of the Revomon platform.
Token Utility
All rewards on platform like events, competitions, quests, in-game achievement, Collectible NFT's are paid in REVO tokens
REVO will be used as a payment mode in Revomo's in-house marketplace for buy-sell Revomons.
REVO can be used as a governance token on the platform and allows a community-driven model for decision-making.
Each token represents a voice that can be expressed through votes
REVO can be used for Staking, Farming, Liquidity, and early game access.
Token Name: Revomon
Token Ticker: REVO
Network: Binance Smart Chain
Total Supply: 100,000,000 REVO
Conclusion
Although Virtual Reality technology seems new, it has now been around for more than a decade, and companies like Oculus have been key in getting devices into people’s hands. Indeed, Oculus is currently the leader in terms of sales and active users in the VR market, which is why they are the ideal first target for the launch of Revomon.
The collectible monster game category lacks content on VR stores, and currently there is no VR game of a similar type which also utilises blockchain technology with a collectible game. As the time spent collecting monsters in games like Pokémon can be considerable, the ownership of these monsters is something that is clearly desirable, and NFTs can finally provide ultimate ownership.
This is what I can convey in this article. If you need accurate and reliable information, you can visit their official link, which I provide below:
Website: https://revomon.io
Whitepaper: https://revomonvr.gitbook.io
Twitter: https://twitter.com/RevomonVR
Facebook: https://www.facebook.com/revomon.io
Telegram: https://t.me/revomon
Medium: https://revomon.medium.com/
Discord: https://discord.com/invite/revomon
Author
Forum Username:romeo senja
Forum Profile Link:
Wallet Address:
0x578D1b53aCcB971DaAFCe81CD9C33c63510aa6d2
