Victoria VR
Crypto Overview
Overview
Victoria VR is a blockchain-based metaverse project built on Unreal Engine that aims to create a photorealistic virtual reality world powered by its native VR token. The project integrates virtual reality, blockchain technology, and NFTs to create an immersive digital experience.
Intended Utility
The VR token serves multiple purposes within the Victoria VR ecosystem: governance rights, payment for virtual goods and services, staking rewards, and access to certain platform features. The token is designed to be the primary currency within the Victoria VR metaverse.
Actual Utility Assessment
The project is still in development, with the main metaverse platform yet to be fully launched. Current token utility is primarily centered around governance and staking. The development team maintains regular updates and has demonstrated progress on the technical implementation, though full platform adoption is still pending.
Token Distribution and Founder Analysis
The token distribution includes allocations for development (20%), marketing (15%), team (15%), and public sale (50%). Team tokens are subject to a vesting schedule over 24 months, which helps align long-term incentives. The founding team has public profiles and established backgrounds in gaming and blockchain technology.
Technology and Revenue Model
The primary revenue model revolves around virtual land sales, marketplace fees, and in-world transactions. While the platform includes staking mechanisms, these operate on a profit-sharing basis rather than traditional interest-bearing structures. The project does not facilitate any explicitly prohibited activities under Islamic law.
Crypto Impact
To assign a comfort level investing in Victoria VR 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 Victoria VR.
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.