At VHC, users can explore the virtual world, build edifices, play games, and interact with other users. VHC will have the first virtual world with urban planning and development benefits to ensure users build on their lands respectfully. The Vault Hill City platform will consist of: Vault Hill City Ecosystem, VLAND and Vault Hill City Marketplace.
Users who own virtual land in Vault Hill City. VHC owners have total creative freedom on their parcel to build fitness and wellbeing centres, museums, art galleries, empathy training centres, educational centres, or anything else they can imagine while earning returns as other users interact with the projects on their parcel in line with the urban planning guidelines. These creations can also be simulated with extended reality to enrich the user experience. In addition, VHC owners can choose to hold their VLAND (potentially) to sell later at a higher price in the marketplace.
Users who possess the original rights to create 3D and XR experiences in VHC leveraging the innovation of non-fungible tokens (NFTs). VHC creators who create in VHC can ascribe some of their content creation as NFTs to ensure authenticity and originality while leveraging Blockchain, artificial intelligence and cloud computing technology to maintain the highest security level.
VLAND will be unique and scarce; only the VHC owners with their private keys of the Ethereum address owning the VLAND NFT can control it. The safeguarding of private keys is very important, if this is lost, the control of the VLAND will also be lost forever. There will only be 10,000 VLAND created and split into four islands; these islands are aimed to be developed within a four-year period. This is to ensure scarcity and adequate value creation for users and investors.
VHC enables design, creation, sale, resale, storage, and security of digital assets, such as virtual goods (VLAND, Buildings, Avatar, Virtual arts).
Virtual assets are presented as NFT created using ERC-721 smart contracts. With the introduction of ERC-1155 which has the benefits and ability to store under its control, tokens that can act as if they were an ERC-20/ERC-721 token, or both at the same time under the same contract; will be implemented at a later stage.
Virtual assets are under the direct control of owners, stored in their digital wallet of their choice. Users will have the ability to combine multiple virtual assets into a single ERC-1155 non-fungible token once implemented.
Virtual assets such as avatars and wearables will have the functionality of portability and interoperability, i.e., these assets can be used in other metaverses and vice versa.
The VHC platform focuses on the rapidly growing metaverse to offer users a way to purchase, rent, upgrade and resell virtual property with options for minting NFTs and creator royalties. The $VHC token is a payment settlement & governance token for the Vault Hill City platform. The token facilitates additional functions as both an incentive for good actors (via its rewards distributions) and a payment option, offering additional discounts to its users.
The main functions of the token are:
- Purchase of goods and services;
- Rewards distribution for LP;
- Governance and Platforms participants.