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 aims to become the powerhouse of 3D asset creation in the Open Metaverse. We democratize 3D asset creation and facilitate the growth of the open metaverse by providing accessible, user-friendly tools for creators and developers. Our goal is to remove the barriers to entry for 3D asset creation by leveraging generative AI and blockchain technology. We envision a future where anyone can easily create and share 3D assets, which will facilitate the growth of the open metaverse and create new opportunities for developers, brands, and users alike.
Our mission is to empower creators and developers to bring their ideas to life in 3D, by using our codeless generative AI 3D digital asset toolkit and dynamic 3D dNFT protocol. We aim to provide a platform that is accessible to users of all levels of technical skill and that encourages creativity, innovation, and collaboration. We believe that the open metaverse represents a massive opportunity for growth and transformation, and we are committed to helping bring this vision to fruition by building a user-centric infrastructure that enables seamless asset creation, distribution, and interoperability across multiple blockchain networks.
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?
The Reitio Threed is Reitio’s flagship product, an all-in-one platform designed to revolutionize the world of digital assets and non-fungible tokens (NFTs) by providing a seamless, user-friendly environment for creating, managing, and trading 3D assets on various blockchain networks. Combining a powerful 3D creator platform, a comprehensive set of APIs, and a dedicated Web3 native wallet, Reitio Threed empowers artists, designers, and content creators to bring their visions to life, collaborate with others, and monetize their work in the rapidly evolving dNFT landscape.
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.
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 Ethereum and NEAR, 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.
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 $XTD 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.