HOW ROYALTIES WORKS IN REALITY METAVERSE ECOSYSTEM?

4 min readMay 22, 2023

Since we introduced US SEC as premium content into Landlord GO (the flagship geo-location property trading game by our partner Reality Games), everybody has been curious about how the royalties work in our ecosystem and if there is a formula to calculate the streams of royalties. In this article, we want to share our innovative system that rewards our players and investors.

Screenshot from Landlord GO showcasing US SEC as a premium content

Reality NFT Counterparts as a Premium Content

We have been expanding the list of premium venues by introducing new in-game counterparts of Reality NFTs. Players can purchase shares of these venues in different packages bundled with additional in-game assets. By acquiring in-game shares, players gain a sense of exclusivity and prestige as they own a detailed virtual representation of a real-world property.

While these counterparts do not carry the characteristics of traditional blockchain-based ownership, they still offer players a similar sense of ownership within the game. Players can enjoy the benefits of virtual property ownership, such as collecting virtual rent.

Screenshot from Landlord GO showing in game bank where Premium Content is sold

How the Royalties System Works

1.Process of Verifying in-game Purchases

When a player purchases a premium venue like the US Sec in LGO, information about the purchase is sent to our off-chain system, which verifies the purchase within 14 days to prevent exploits such as in-game refunds.

2. Conversion of in-game purchases to RLTM

After the verification period, the value of the in-game purchase is converted to RLTM, which is our native token, and the off-chain Royalties system updates the amount of generated royalties for all those who had at least 1 share of the US Sec NFT at the time of purchase.

3. Distribution of Royalties

Royalties are distributed based on share ownership. ****For example, let’s say there are 3 addresses sharing the US Sec NFT with the shares of 10, 50, and 3 fractions, respectively. When a player makes a $50 purchase, its 30% — $15 is divided into 63 shares, and each address receives a proportional amount of RLTM based on their share.

Address 1 with 10 shares gets $15 / 63 * 10 in RLTM.

Address 2 with 50 shares gets $15 / 63 * 50 in RLTM.

Address 3 with 3 share gets $15 / 63 * 3 in RLTM.

Our royalties system is designed to reward our investors and players, and we will be implementing this system for all the NFT landmarks. As more landmarks become available for purchase, investors can earn more royalties from the in-game purchases.

Withdrawing Royalties

To withdraw royalties, shareholder is required to connect to our website — https://realitymeta.io and check their Profile to see how much RLTM they have earned. Then, if they have any royalties to withdraw, they can do so by clicking on the “Claim Royalties” button on the website. The interaction will trigger a blockchain transaction on the smart contract and pay them the RLTM accumulated as royalties. Please note that the shareholder needs to have enough MATIC to cover transaction costs.

Our innovative royalty system will revolutionize the gaming industry and provide a new way for players and investors to earn rewards. Thank you for being a part of our community, and we look forward to sharing more updates with you in the future!