Vault Hill is Building a New Type of Metaverse

With Facebook's recent rebranding as "Meta" and record-breaking searches for "Metaverse" on Google, it's fair to say that 2021 was the year of the Metaverse.

Big brands like Atari, Microsoft, and Epic Games have already invested in virtual real estate, lending credence to claim that our digital and real worlds may soon synthesise.

Precisely what the Metaverse is – and how it might evolve– is a somewhat contentious topic. Still, the term "metaverse" refers to a digital extension of the world in which we live.

It's not a replacement of the natural world in a digital format per se, nor is it solely for earning money through gaming or trading NFTs.

Instead, the Metaverse looks to augment the accurate word by providing experiences that combine the digital universe with the real world.

Several engaging platforms have cropped up since the Metaverse became the talk of the town, one of which is Vault Hill.


Introducing Vault Hill...

Vault Hill's unique metaverse platform stands out from the crowd due to its design focus: to "make you feel more human every time you visit."

Where other metaverse platforms look to augment the real world, Virtual Hill prioritises the human element of modern digital interactions by providing a rich user experience and low barriers to participation.

The Vault Hill metaverse centres around extended Reality (XR), a blend of virtual reality, augmented reality, and real-world experiences.

Users will explore the various districts of the Metaverse, build cool and unique buildings, play games, and interact with the other users.

Content creators and artists will have the freedom to create and monetise their creations through NFTs. Creators will reportedly earn perpetual royalties from the resale of their land, wearables, or other innovations.

Users can showcase their best digital self as a virtual avatar to dress up in the latest digital fashion. Authentic world brands and designers will be able to upload their clothing to the marketplace or as part of Virtual Hill's wearable catalogue.

To see what the Virtual Hill metaverse looks like so far, check out the video in this Tweet.

The Virtual Hill metaverse takes the form of a city (VH City), which is divided into four

islands, each of which is sub-divided into seven districts.

Each district within VH City was designed with the help of architects and urban planning experts to ensure that users build on their land respectfully.

The districts, detailed below, are all unique and themed around a particular human instinct like play or imagination.


Virtual Hill Metaverse Districts

District Alpha: Curiosity

The Alpha district is for learning new skills or perfecting your skills. Here you can find stimulating seminars, thought-provoking workshops, and compelling adventures to immerse yourself in.

District Beta: Play

The Beta district is all about letting loose and having fun. You can partake in fun and engaging digital experiences like dancing, social events like parties, and music concerts.

District Pi: Idealism

The Pi district is dedicated to expanding your mind and senses through empathy-based understanding sessions. These will involve experiencing what it's like to be elderly, for example.

District Delta: Romance

The Delta district is where digital love happens. Here you can take part in some virtual speed dating, which could lead you to your digital soulmate.

District Omega: Vitality

The Omega district functions as a kind of digital fitness centre. Augmented reality lets you burn both digital and actual calories through group classes and fitness sessions with personal trainers.

District Sigma: Imagination

In the Sigma district, you can collaborate with other users to explore your big ideas and work toward achieving your dreams. In Sigma: "If you can dream it, you can build it."

District Kappa: Community

The Kappa district centres around building and maintaining a healthy community of people from all around the world. Users can attend group events and social gatherings to foster friendships with other users.


Who is Building the Virtual Hill Metaverse?

Jimi Daodu founded the project in early 2021. Daodu is currently a venture capitalist and a board member at Fodds Capital, and he previously worked with Barclays Bank.

The Virtual Hill team gathered about $130k in bootstrapped funds to get their idea off the ground but have since raised more than $2 million through pre-seed token sales.

Virtual Hill's funding came from several renowned VCs, including Kommunitas, Girnas capital, Herd Venture, Viral Venture, and Lithium Venture.

So far, the team has confirmed partnerships with six brands, each of which will bring elements of their business into the Metaverse, and there are a further twenty brands in the pipeline.

While the initial project scope focused solely on a metaverse, it has since expanded to include an NFT marketplace – which will run on the Ethereum blockchain – and unique user avatars and a separate XR consulting service.

The NFT marketplace will run using smart contracts. It will facilitate the buying and selling of digital items from the Virtual Hill metaverse, such as land, virtual clothing and add-ons, and other digital assets.


How Does Virtual Hill Generate Revenue?

According to the whitepaper, Vault Hill has six principal revenue streams:
1. Sales of VLAND NFTs, which represent land in the Vault Hill metaverse
2. Developing simulations for the private sector in Virtual Hill City
3. Transaction fees from the VHC token
4. Consulting services related to XR simulations
5. Advertising of products and services within Virtual Hill City
6. Lifelong royalties from the sale of specific virtual assets in Virtual Hill City


Virtual Hill Tokenomics

The Virtual Hill ecosystem functions around two tokens:

1. VLAND – which are non-fungible tokens. At launch, 10,000 pieces of virtual land will be available for purchase. The token allocation for VLAND is displayed in the image below.

2. VHC – which presumably stands for Virtual Hill City, functions as the platform's native utility token. You can use VHC to partake in governance as well as paying for goods and services within the Virtual Hill metaverse. The allocation for the VHC token is displayed in the image below.

The VHC token is an ERC20 Token with an initial supply of 14,524,800 tokens and a maximum supply of 340,000,000 tokens.

The Virtual Hill IDO is running from January 10th until January 14th, and will be hosted across five launchpads, including Coinsbit, Lithium, Kommunitas, Super Launcher, and MaticLaunch.

The image below displays how the Virtual Hill team will spend the proceeds from the IDO.

To learn more about Vault Hill, visit the following links:


Investment

I am one of the lucky ones to get into the private sale but multiple IDO's are still lined up in the next few days. If you'd like to participate I  suggest Lithium Ventures

You can check my position on the PNL page.


Investment 8 | 9 years, 9 months to go...