What is RevolutionVR?
RevolutionVR is an open-source platform created to bring virtual reality gaming to players all over the globe without requiring them to buy high-end computers or devices.
The founders and the platform development team believe that everybody, no matter the location or the computing devices should be able to enjoy the world of virtual reality.
The platform is built on the Litecoin core to guarantee users of completely decentralized operations for extra security and efficiency.
The project was initially known as Voxelus Studios and only rebranded to RevolutionVR in 2018. The tokens name also changed from VOX to RVR.
- The founders and their mission
The platform was created by three computing experts who wanted to disrupt the gaming industry by using the blockchain niche to take VR games to everybody. The founders included Martin Repetto, Michael Terpin, and Halsey also wanted to create a token that could facilitate faster transaction without compromising the users’ security.
- The RevolutionVR Token and performance in the market
When the founding team created the RevolutionVR platform in 2015, they also released the native tokens (RVR) that are used to power the blockchain platform. The platform has a total of 210 million pre-mined tokens. This is ten times the number of tokens in the Bitcoin network. When users send value or run other transactions, a fee of 0.1RVR is fee is charged.
The price of RVR started at $0.6 when the token hit the market in early April 2016. However, it took a steady decline reaching $0.01, about 5500% decline, by November the same year. The price remained approximately $0.01 up to May 2016 when it gained marginally to reach $0.07. Again, it stalled around $0.07 until the end of November 2017 when it grew sharply to reach $0.69 by the close of the year. This was the highest point in its history before a sharp and steady decline in the subsequent month of January 2018. Then, it continued on a downward trend to reach a low of $0.03 by the close of the third quarter of 2018.
Though the price was on a negative trend beginning from early 2018, the community appeared committed to it believing that things would change. This argument is largely derived from the fast-growing demand for Virtual Reality games in the society.
What is the problem that RevolutionVR Solves?
When the RevolutionVR founders decided to take a new look at the gaming industry, the focus was to bring a complete revolution. They wanted to make a difference in the gaming industry by addressing the bottlenecks that prevented the blockchain technology from fast adoption in the community. Here are some of the issues they wanted to solve.
- The requirement for complex computing devices for virtual reality games.
Most of the games in the market today require people to have high-end computers or phones to play. Now, Virtual Reality requires even more advanced devices. For example, playing Pokemon Go on the phone will require you to have Android 4.0 and above and a resolution of more than 720×1280. Besides, it is not available for Intel CPUs. Now, RevolutionVR is targeting to bring change to these requirements so that any person can enjoy virtual reality experience.
- Limited adoption of the blockchain niche in the community.
Though the blockchain networks have been increasing at a steady rate since the launch of Bitcoin in 2009 by Satoshi Nakamoto, the uptake by the community has been relatively slow. Many people have indicated that the process of converting tokens to and from fiat is complex. Others indicate that most tokens do not relate to their daily lives. Now, RevolutionVR is targeting to address the problem by reaching both the gaming and financial niches.
- The high cost of sending value across the globe.
Sending value from one part of the globe to another through the blockchain niche has become very expensive. The banks charge a high fee because they are designed and run as profit based organizations. The lengthy procedures for confirming transactions can at times make sending value to take days. This is very inconveniencing. RevolutionVR seeks to address this problem by operating based on the blockchain technology.
- The problem of insecurity when operating in the blockchain niche.
For many people coming to the blockchain, the fear of losing the tokens always looms. For example, Bitcoin Gold network was hacked a few days after launch. Other crypto related entities that have been hacked recently include Coincheck exchange and Trezor wallet. RevolutionVR targets to create a completely secure platform for all.
How does RevolutionVR Solve the problem?
To address the outlined issues, RevolutionVR combines the unique power of virtual reality and cryptocurrency to help power the international gaming ecosystem. Here are some of the methods used by RevolutionVR to address the issues.
- Voxelus
Voxelus is a platform that permits any person across the globe to create, share, and play the virtual reality games. The platform aims at simplifying the process of generating reality games without going through the complex coding process. This implies that even those who only have an idea of the virtual reality games of interest can now make them a reality.
- Xtraction Royale
This is one of the new Battle Royale virtual reality experience created by RevolutionVR using Unreal Engine 4. The experience is designed to put the users in other positions to fight others in the island. The platform rewards users with one of the currencies that can be converted to RVR.
- RevolutionVR graphics servers
The RevolutionVR platform addresses the gameplay inefficiencies through its cloud gaming infrastructure. The target of the system is to enable virtual reality rendering handling in the cloud as opposed to the user’s device. The RevolutionVR servers use cloud connected to powerful computers to render virtual reality games. Using the cloud implies that virtual reality experience can be taken to a wider audience in the globe.
By adopting cloud streaming infrastructure, players using the headsets and other devices will be able to enjoy the virtual reality games cheaply. The devices will also be more portable and powerful compared to the home-PC tethered solutions.
What makes RevolutionVR better than it’s competitors?
The large number of cryptocurrencies in the market has opened room for stiff competition. By mid-2018, there were more than 1600 cryptocurrencies that targeted different areas of the community. To win a bigger market share, a cryptocurrency platform has to win their affection. Here are some of the things that make RevolutionVR better than competitors.
- The RevolutionVR allows users to make virtual reality games accessible and affordable. This implies that more people can now access and play the games even away from their home PCs. The model allows users to enjoy new gaming options even outdoors.
- The platform has been simplified so that people with interest in virtual reality games can also make games and sell them. This implies that even users with limited knowledge of virtual reality coding can create new games and optimize the returns from the platform. The revolutionVR platform provides users with a number of free assets that are easy to use to create new games.
- The RevolutionVR is lead by a highly aggressive team with a lot of experience in the virtual reality niche. Their commitment to extending and growing the virtual reality niche using the blockchain technology is expected to grow the niche and deliver high ROI.
- The virtual reality gaming sector is less explored compared to the finance niche. This implies that RevolutionVR is expected to enjoy less competition, a bigger market share, and better performance in the markets. Investors in the native tokens can, therefore, expect to see an upward shift in the coin’s price as well as the overall market capitalization.
- The cost of using the RevolutionVR is relatively low compared to using the standard institutions. If you want to send funds using the platform, the transactions are done on a peer2peer basis. By basing the platform on the Litecoin blockchain, it makes it possible to bypass the profit-seeking organizations. The little fee charged on the network goes directly to the miners who confirm the transactions on the platform.
How can RevolutionVR be categorized?
RevolutionVR is a next-generation virtual reality platform that will help to redefine the gaming niche.
The platform is helping to extend the blockchain technology by making it possible for people in the gaming industry to enjoy the best games without having to buy high tech devices.
However, it is the platform’s ability to help people create virtual reality games easily that has made the platform irresistible.
What’s RevolutionVR’s vision on Security?
The RevolutionVR’s vision on security is to provide the world with a secure and reliable platform for developing, accessing, and enjoying the world of virtual reality everywhere they go.
The development team’s focus on security is targeted at keeping user’s information, their tokens, and the network free from attacks. Here are the main methods used by RevolutionVR for optimal security.
- The network is based on the Litecoin blockchain. Using the blockchain technology implies that RevolutionVR takes advantage of the advanced security features used at Litecoin. As a fork of Bitcoin, Litecoin is immutable and almost impossible to hack.
- Highly aggressive development and security team. The development team, led by the founders, progressively reviews the platform to ensure that vulnerabilities are identified early and fixed before hackers can take advantage of them.
- Advanced encryption. The RevolutionVR tokens and user accounts are encrypted so that third parties do not easily gain access. Whether it is your gaming account or the funds stored in the RevolutionVR, no third party can easily access or know your details because they are fully encrypted.
Examples of RevolutionVR’s use cases/ applications.
When new blockchain niches are created, the target is to win the largest possible market share. In the case of RevolutionVR, the focus is to promote the adoption of the virtual reality games by more people. However, it also targets to facilitate application in the following areas.
- Direct trading in the markets. Like other cryptocurrencies, RVR can be traded in the markets such as Bittrex. Trading in the exchanges means opening a trading account, depositing your RevolutionVR tokens and pairing them with the tokens of choice.
- A platform for saving funds without worrying of third-party seizures. For people looking to save funds with a difference, RevolutionVR tokens provide a reliable alternative to banks. Because the tokens are completely encrypted, users can save their funds without worrying of third-party seizures.
- Use the RevolutionVR tokens to pay for transaction fee in the markets. If you opt to trade RVR in the markets, the transaction fee can be paid using RVR. Other costs that you can pay using RVR include deposit and withdrawal charges depending on the selected exchange.
- Create and sell virtual reality games on the RevolutionVR platform. The RevolutionVR platform is unique because it allows users to create new games and sell them on the platform. Therefore, you do not have to only turn to the platform to play the games. If you are interested in creating new games, the platform makes the whole process easy and fun.
- Access and buy virtual reality games on the RevolutionVR. For the people who love virtual reality gaming, RevolutionVR is the new platform to sample the latest games. Once the preferred game is selected, the payment is effected using RVR.
NOTE: While the design and Revolution platform has been impressive, it important to note some crucial negative indicators to help you make the right investment decision. Concerns have been raised about the description of the RevolutionVR operations. Their whitepaper is scanty, and the shift from Voxelus Studios to RevolutionVR remains unclear.
Because the platform is relatively new, having rebranded in 2018, experts are calling for caution when targeting to invest there. Instead, they recommend spreading of risk between several platforms until the stability of key features, reliability, and profitability of RevolutionVR can be ascertained.