What is Realm?

Introduction

Realm is a cutting-edge platform that combines the virtual and real worlds using blockchain technology. In this complete tour, we’ll journey across Realm’s distinct universe. From its creative features to its investment potential, we hope to provide a comprehensive knowledge of Realm, how it works, and how you may become a part of this revolutionary platform. Whether you’re a cryptocurrency fanatic, a gamer, an artist, or simply curious about the future of digital interaction, this guide is for you. Let’s explore the lively and ever-changing domain of domain!

What is Realm?

Source: Realm website

Realm is a dynamic and unique platform that stands out in the rapidly expanding world of cryptocurrency and the metaverse. It’s a mobile-first, play-to-own metaverse in which users are active producers and gamers in a diverse virtual environment. Realm, built on Ethereum and powered by the Polygon layer 2 scaling solution, provides a unique blend of gaming, social engagement, and digital creativity.

Realm’s core theme is exploration and creativity. Users can explore several realms to find rare NFTs, earn $REALM tokens, and engage in trading. The platform is intended to be highly accessible and user-friendly, especially for individuals new to the metaverse and cryptocurrency. This is achieved through features such as fiat on-ramps, which enable people to interact with the metaverse without requiring extensive blockchain understanding.

Realm’s functionality goes beyond merely gameplay. It gives designers tools to create microverses that can host events, games, and social gatherings. Realm provides collectors and artists with simple yet effective solutions for promoting and monetizing digital artwork. These qualities combine to create a platform that supports and rewards creativity.

The platform’s business approach is intended to support and benefit the community. Realm’s players, creators, and token holders each receive a piece of the income created. Realm is also devoted to making a positive real-world effect by partnering with groups such as Eden Reforestation and Plastic Bank to sponsor environmental projects.

The investment community has not ignored the realm’s potential. In July 2022, LDA Capital invested $10 million in the platform. This investment aims to accelerate Realm’s product roadmap, increase the amount of virtual experiences available, and improve platform accessibility and usability. This funding demonstrates Realm’s vision and potential effect on the metaverse and blockchain domains.

History of Realm, Origins and Key Persons

Realm launched in 2021, motivated by the Metaverse’s burgeoning trends and increased demand in decentralized, play-to-earn platforms. Realm was founded on decentralization, fractionalization, and personalization, giving users unprecedented flexibility to produce digital assets such as music, games, art, and more. This novel method blended parts of a sandbox with DeFi gaming, resulting in a distinct blend that appealed to metaverse and crypto fans.

The founding team includes Matt Larby (Founder & CEO), Joban Thomas (Founder & CPO), and Milan Gruner (Founder & CTO), each bringing a wealth of experience in blockchain, gaming, and technology. This trio, alongside a robust team of professionals, has pushed the boundaries of digital experiences. The team’s collective experience spans major organizations and industries, contributing a rich tapestry of knowledge and innovation to Realm. They are supported by a group of seasoned advisors like David Ham (Ex-Head of Blockchain at Samsung), Michelle Tsing (Blockchain and AI expert), and Barry Herbst (NFT Investor and Collector), among others.

The founders of Realm set out to make the metaverse more accessible to a broader audience. They worked on removing hurdles like the requirement for high-end electronics or crypto wallet registration, transforming Realm into a platform for anyone interested in the digital realm. Realm’s inclusive attitude is also evident in its community-driven approach, which provides support and resources to newcomers as they integrate effortlessly into the ecosystem.

Realm’s development roadmap was divided into segments to ensure a progressive and complete platform expansion. The earliest steps included introducing land sales in cooperation with NFTrade and establishing the Realm MarketPlace. The platform’s utility token, $REALM, is crucial to its ecosystem, supporting transactions, incentives, staking, and governance voting while creating an immersive and engaging metaverse experience.

Significantly, Realm’s impact extends beyond the digital realm. It collaborates with groups such as Eden Reforestation and Brokoli Network to have a real-world environmental impact by connecting virtual activities with practical acts such as tree planting. This component exemplifies Realm’s commitment to sustainability and its goal of a metaverse that entertains and enriches its users while positively impacting the globe.

How Does Realm Work?

Realm is an innovative play-to-earn metaverse platform that runs on the Ethereum blockchain and employs the Polygon layer 2 scaling solution. This structure allows smooth interactions inside the metaverse, including fiat on-ramps for easy access. Realm players can explore numerous realms to discover and acquire rare NFTs, earn $REALM tokens, and trade with other players.

The platform appeals to creators, who can create their own microverses – personalized digital worlds to hold events, parties, and games. This feature allows users to be not just gamers but also creators and entrepreneurs in the digital world. Realm provides tools for art collectors and aficionados to display their possessions in attractively designed locations, create unique NFT tickets (NFTix), and arrange shows.

One intriguing feature of Realm is the concept of Realmies, which are living 3D NFTs. These digital beings assist visitors through the metaverse, adding to the immersive experience. Users can also breed these NFTs, which adds another degree of complexity to the gameplay.

The Realm platform is intended to be user-friendly and accessible, emphasizing mobile-first experiences. It has straightforward construction tools and a pipeline for importing projects, making it easier for expert artists and casual users to contribute to the metaverse.

In short, Realm is a comprehensive ecosystem that combines gameplay, creative, and social interactions, providing users with a broad and exciting virtual world experience.

Realm’s Main Features

Source: REALM documentation

Realm is a comprehensive and community-driven metaverse with several key features:

Multi-Blockchain Compatibility

$REALM’s compatibility with multiple blockchain technologies, including Ethereum, BNB Chain, Solana, Polygon Layer 2, and Avalanche, highlights its adaptability. This feature enables smooth integration and interoperability across many blockchain ecosystems, making it a usable and adaptable coin.

Use in Metaverse Interactions

Earning $REALM tokens by actively participating in the Metaverse is a key feature. This includes constructing realms, exploring them, and finding unique items. Such an interactive reward system promotes ongoing involvement and exploration in the Realm ecology.

In-Purchase and Rewards System

$REALM’s in-game purchase and rewards system enhances the gameplay experience. Players can utilize $REALM to gain access to exclusive features, items, or realms, boosting their engagement with the site.

Staking Benefits

$REALM’s staking method provides prizes and in-game advantages. This includes exclusive material and limited edition NFTs, making it an attractive alternative for users wishing to improve their gaming experience and investment. Realm offers various types of staking mechanisms, each designed for different purposes within its ecosystem:

Land Staking (NFTrade): This involves participating in land sales hosted by NFTrade. The lands in Realm can be traded like any other NFT, and their prices increase with each sales round. The staking mechanism allows users to mine sREALM over time, which can be used to purchase land.

Single Asset Staking: This staking option targets maintaining a high Annual Percentage Yield (APY) for the stakers. The rewards increase as certain milestones of total staked tokens are reached. The staking period and rewards vary based on the duration of the stake.

Stake to Build: This deflationary staking mechanism encourages the development and ownership within the metaverse. It involves community participation in product decisions and supports projects that consume $REALM, reducing its circulating supply.

Source: REALM documentation

Governance Participation

Holding $REALM coins gives players governance rights and influence over the Realm ecosystem’s evolution. This feature promotes community and allows players a say in the platform’s destiny.

Transaction Fee Structure

A percentage of each $REALM transaction supports the Realm Foundation’s growth and operations. This enables a sustainable business model for the platform’s expansion.

Immersive Virtual Worlds

Users can explore a variety of regions, each with its own unique theme and great detail. These realms provide a variety of experiences, ranging from tranquil landscapes to bustling cityscapes, all with amazing graphics and interactive aspects.

NFT Integration

One outstanding aspect of Realm is its support for NFTs. Users can now own unique digital assets ranging from artwork to virtual real estate. These NFTs can be created, collected, and exchanged on the network, providing a layer of digital ownership and value.

Customization and Creation

Users can tailor their experiences. They can construct their own spaces, custom objects, and even entire realms. This personalization includes avatars, allowing for distinctive self-expression.

Social Interaction and Community Building

Realm prioritizes social interaction and community building. Users can engage, collaborate, and form communities. There are options for socializing, planning events, and participating in group activities.

Gaming and Quests

The platform provides a diverse range of gaming experiences and adventures. These range from basic puzzles to sophisticated adventures, offering users challenges and rewards.

Economic and Environmental Impact

Realm links the virtual and physical worlds by emphasizing economic empowerment and environmental sustainability. Actions in the virtual world might have real-world consequences, such as supporting environmental causes.

Is Realm a Good Investment?

Investing in cryptocurrencies, including Realm, carries inherent risks, and investors need to conduct thorough research and consider seeking professional advice. The volatile nature of the crypto market means that while there are opportunities for high returns, significant risks are also involved.

How Can You Own Realm?

Going through a centralized cryptocurrency exchange is one approach to acquiring Realm. The first step is to create a Gate.io account and complete the KYC process. Once you have deposited money into your account, follow the instructions to purchase Realm on the spot or futures market.

Realm’s Tokenomics

Source: www.realm.art/economy

The tokenomics of Realm ($REALM) are strategically designed to support the ecosystem’s growth and sustainability. With a total supply of 1 billion tokens, the allocation includes various pools such as seed, private sales, IDOs, community and staking, team, operations, marketing, product, liquidity, advisors, and partnerships. Each pool has its distribution strategy and schedule, ensuring a balanced and long-term growth approach. These allocations cater to different aspects of Realm’s development, from incentivizing the community to supporting operational needs.

News on Realm

Significant Investment Received for Play2Own and NFT initiative

Realm has received a significant investment of $10 million to accelerate its Play2Own gaming and NFT initiative. This funding is aimed at enhancing Realm’s position in the digital realm, particularly in gaming and NFTs. The investment underscores the growing interest in the intersection of gaming, blockchain, and NFTs, positioning Realm as a key player in this emerging market.

Take Action on REALM

Check out the REALM price today and start trading your favorite currency pairs:

• REALM/USDT