Realy
Crypto Overview
Project Overview
Realy is a Metaverse platform that aims to create a virtual world focused on street culture. The project utilizes the REAL token as its native cryptocurrency for transactions within its ecosystem.
Purpose and Utility
The REAL token serves multiple functions within the Realy metaverse: governance rights, in-game currency for purchasing virtual items and NFTs, and access to exclusive content and events. Users can own virtual real estate, create and trade digital assets, and participate in various street culture-themed activities.
Business Model Analysis
The platform's business model centers around creating a decentralized virtual environment where users can engage in legitimate commerce of digital assets. The focus on street culture and digital asset ownership aligns with halal principles as it involves actual ownership transfer and value creation.
Development and Adoption
The project shows ongoing development activity, with regular updates to their platform and ecosystem. While adoption is still in early stages, this does not impact its Sharia compliance assessment.
Token Distribution and Governance
The REAL token distribution includes allocations for development, marketing, and community initiatives. While specific vesting details are not widely published, this alone does not impact Sharia compliance as the token represents actual ownership and utility within the ecosystem.
Crypto Impact
To assign a comfort level investing in Realy from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Realy.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.