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Frequently Asked Questions (FAQs)

TL;DR — the Metaverse

What is the Metaverse?
Just like how the World Wide Web is a network of interconnected webpages, the Metaverse is a collection of interoperable virtual worlds.
Is Decentraland or The Sandbox a "metaverse"?
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.
What about VR-enabled virtual worlds? Are they "metaverses"?
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

What is Reitio and what problem does it aim to solve?
Reitio is a multichain 3D Dynamic NFT protocol that is working to build the first multichain codeless 3D NFT asset creation dApp that allows users, irrespective of their background or experience, to create their own 3D assets which can be used for a variety of purposes, including digital art, virtual real estate, gaming, and more, and bring them to life across the Metaverse.
The problem Reitio aims to solve is the complex and technical barriers to entry that exist for artists, designers, and content creators who want to create and trade 3D NFT assets. Reitio provides a simple and accessible platform for users to create, manage, and trade 3D NFT assets without the need for coding or technical skills.
What WordPress is for individual web pages 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).
What is a 3D NFT?
A 3D NFT asset is a digital asset represented in 3D form and stored on a blockchain. 3D NFT assets can include anything from digital art and collectibles to virtual real estate and gaming.
How will Reitio work? What makes Reitio different from existing 3D editors?
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.
How does Reitio make it easy to create 3D NFT assets?
Reitio provides a codeless platform for users to create 3D NFT assets. This means that users do not need to have any coding or technical skills to create and manage their NFT assets. This makes it easier for people who are not familiar with coding to create 3D assets. Reitio also provides a user-friendly interface and intuitive tools for creating, managing, and trading NFT assets.
How does Reitio ensure the security of NFT assets?
Reitio uses blockchain technology to secure NFT assets and protect user data. Each NFT asset is assigned a unique digital signature, stored on the blockchain, which serves as proof of ownership and authenticity. Reitio also implements robust security measures to protect the platform and user data from malicious actors.
What blockchain networks does Reitio support?
Reitio is a multichain platform, building on Near as its main chain, allowing users to create and trade NFT assets on multiple blockchain networks. Reitio's goal is to provide users with access to the broadest possible range of blockchain networks for NFT creation and trade.
How does Reitio make it easy to trade NFT assets?
Reitio provides a user-friendly interface and intuitive tools for trading NFT assets. Users can easily buy and sell NFT assets on the Reitio platform, and the platform provides built-in mechanisms for ensuring the security and authenticity of NFT trades.
Is there a fee to use Reitio?
Reitio may charge fees for certain services, such as the creation and management of NFT assets. However, Reitio's goal is to keep fees as low as possible, in order to make the platform accessible to a wide range of users.
What is Reitio's vision for the future of the NFT industry?
Reitio's vision for the future of the NFT industry is a world where anyone can easily create, manage, and trade their unique digital creations as NFT assets, regardless of technical skills or access to specialized tools. Reitio aims to lead the way in democratizing the NFT industry and empowering a new generation of NFT creators and traders.
Can you tell us about the team behind Reitio?
The team behind Reitio consists of experienced professionals in the blockchain, DeFi and NFT space, with a passion for democratizing the creation and trade of NFT assets. The team includes developers, designers, and business professionals who are committed to delivering a world-class NFT creation and trade platform to users.
How do we identify which blockchain network to implement on Reitio?
Implementing multiple blockchains for the 3D NFT asset creation protocol will require a few different steps. The first step will be to identify which blockchains the community wants to use and support. This might involve collecting feedback from users and conducting research on the various options available.
Once the blockchains have been identified, the next step will be to integrate them into the 3D creator tool. This will require developing new smart contracts and APIs that can interact with the blockchains and enable users to create, manage, and trade their 3D NFT assets on each of the supported chains.
In order to ensure that the 3D NFT assets are consistent across all of the supported blockchains, we will need to establish a set of standards for the creation and management of these assets. This might involve developing new token standards, metadata standards, or other protocols that enable seamless interoperability between the different blockchains.
Finally, we will need to test and deploy the updated tool with support for multiple blockchains. This will involve working closely with the community to identify and resolve any bugs or issues that arise during the testing process, as well as ensuring that the tool is secure and meets the needs of users on each of the supported blockchains.
Overall, implementing multiple blockchains for the 3D NFT asset creation protocol will require a lot of careful planning, development, and testing. However, by enabling users to create, manage, and trade their 3D NFT assets on a variety of blockchains, we can provide greater flexibility and accessibility to the community, while also expanding the reach and impact of the protocol.

TL;DR — $REIGN and Governance

What is $REIGN?
REIGN token is a governance token for a 3D NFT asset creation protocol that provides a codeless 3D NFT asset creator tool. The protocol allows users to create and manage their own 3D NFTs with ease, using a simple drag-and-drop interface.
As a governance token, REIGN holders have the power to vote on proposals that shape the direction and development of the protocol. This includes decisions about new features, updates to the platform, and more.
In addition to governance, REIGN tokens can also be used for rewards and NFT staking. Users who stake their REIGN tokens can earn additional tokens as a reward for their contribution to the network.
This incentivizes users to participate in the platform and supports its growth. Overall, the REIGN token plays a key role in the ecosystem of the 3D NFT asset creation protocol, providing governance, rewards, and staking opportunities for users who want to participate in the platform.
How does $REIGN accrue its value?
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.
Why choose token burning over direct distribution of protocol revenue to stakers?
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.
How is Reitio governed? Is it decentralized?
We acknowledge that Reitio (and almost all crypto projects) requires centralized leadership during its early stages for the sake of rapid iteration toward 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, culminating in ReitioDAO's full decentralized and autonomous governance of the protocol.