Frequently Asked Questions (FAQs)

TL;DR — the Metaverse

Just like how the World Wide Web is a network of interconnected webpages, the Metaverse is a collection of interoperable virtual worlds.
No, at least not yet according to Reitio's definition. They are social virtual worlds, akin to Roblox or Fortnite, but built on web3.
Calling them a "metaverse" is like referring to Google as the Internet, or Wikipedia as the World Wide Web.
Nope. They represent extensions to virtual worlds to enhance the user experience.
What dynamic content is to static content for webpages, is what a VR (or AR/XR) headset is to a screen for virtual worlds.

TL;DR — Reitio

Reitio is a world-agnostic 3D creation tool that allows users, irrespective of their background or experience, to create their own 3D assets and bring them to life across the Metaverse.
What Wordpress is for individual webpages and the World Wide Web, is what Reitio will be for individual virtual worlds and the Metaverse — we democratize the creation process of user-generated content (UGC).
Existing 3D editors, like Blender or VoxEdit, require specialized expertise before users can create even a single half-decent 3D asset.
Reitio's mix-and-match, templates-oriented approach to 3D design makes it very easy for users to get a hang of the tool — within a few minutes! Choose from thousands of community-sourced modular 3D blocks, giving users a Lego-like design experience.
What Canva is to Photoshop for 2D graphic design, is what Reitio will be to Blender or VoxEdit for 3D asset creation.

TL;DR — $REIGN and Governance

$REIGN is the native token powering Reitio's network economy. All transactions on Reitio will be denominated in $REIGN: flat "creation fee"; royalty payments; network fees; deployment and minting fees; etc.
Being the sole denominating currency in Reitio, users will be required to hold $REIGN before they are able to transact within the platform — like how USD is mandatory to conduct any transaction within the United States. As such, $REIGN's value accrual will be a function of the aggregate transaction volume in Reitio — like how USD's value accrual is a function of the GDP of the United States.
In addition, 100% of protocol revenue will be returned back to $REIGN holders via burning — the more platform usage, the more revenue generated, the more $REIGN will be burned, which makes $REIGN a fundamentally deflationary token.
Token burning returns value pro-rata to all holders — direct distribution returns value only to stakers.
Also, token burning will contract the supply base — making each unit of $REIGN to be more valuable due to increased scarcity.
We acknowledge the fact that Reitio (and almost all crypto projects) requires centralized leadership during its early stages for the sake of rapid iteration towards finding product/market fit. We want to avoid "decentralization theatre" — we don't claim to be decentralized for the sake of decentralization.
As the protocol matures towards autonomy and self-sufficiency, the team would gradually hand over the reins to Reitio Foundation, finally culminating in ReitioDAO's full decentralized and autonomous governance on the protocol.