Karitha MMO & Web3 Update

The success of the metaverse is by enabling pillars of digital growth through an aligned vision of Web 3.0. While the acceptance of Metaverse is growing, it is, therefore, essential for developers to engage in creative and fulfilling experiences immersed in an adventure.

The Karitha MMO is an immersive lore-driven metaverse with the following in-game functionality:

• A blockchain-integrated gameplay system that is deep, fun, and challenging but also promotes competitive social play.
• Introduction to innovative economics, promoting both invested and Free-to-Play players.
• Every core aspect of what makes the realm unique and provides in-game utility and participates in the active economy will be decentralized and purchasable.
• Every business will have a tool kit, allowing players to participate in the Play-To-Earn economy uniquely.
• All items and currencies in the game will be exchangeable & usable within and outside of the game in the REALM marketplace.
• Politics, Diplomatic Relationships, War, Strategy
• Quests, Raids, Player Vs Player
• World Development, Trading, Building, Conquering

The Pinnacle of the Karitha Web3 Ecosystem

The foundation of the Web3 ecosystem starts with developing a web-based game where users’ NFTs & SFTs will provide resources for an online turn-based game. During the development of the core functionality of the MMO, users will be able to play a game an online turn-based strategy game to provide users with a Web3 experience.

The Karitha MMO is an immersive lore-driven metaverse with the following in-game functionality:

• A blockchain-integrated gameplay system that is deep, fun, and challenging and promotes competitive social play.
• All items and currencies in the game will be exchangeable & usable within and outside of the game in the REALM marketplace.
• Every core aspect of what makes the realm unique and provides in-game utility and participates in the active economy will be decentralized and purchasable.
• Every business will have a tool kit, allowing players to participate in the Play-To-Earn economy uniquely.
• Politics, Diplomatic Relationships, War, Strategy
• Quests, Raids, Player Vs Player
• World Development, Trading, Building, Conquering

Karitha Web3 Game Resources

Choose your Avatar

• Only avatars of the realm allowed

House

• Need a home to be happy

Slimes

• Increases happiness
• Find treasures

Phase 2 Business Types + Genesis

• Relies on happiness
• Relies on homes
• Able to generate strategic resources for conquering, expansion and more!

Land

1. Option to build business types through permanent burning to create soul-bound nft ownership
2. Strategic resources

Reimagining Genesis

The genesis collection is a form of locked REALM with fixed generation amounts per SFT based on mathematic issuance over ten years, distributing 10 million tokens per year.

SFT Value | 10 years

One General Store = 6666 REALM

One Potion Store = 20,000 REALM

One Blacksmith = 20,000 REALM

One Tavern = 40,000 REALM

One Cartography Guild = 800,000 REALM

5 Subdaos (Factions)

Revamping the concepts of “DeFI Guilds” with direct integration of a “community” in a game, combining with an integrated layer in a metaverse by combining the MMORPGs NFTs, DeFi technology, and gaming.

Participation

DAOs are meant only for one purpose, and that is user participation. Since the world of cryptocurrencies is not owned by a secondary authority, DAOs play a critical role in deciding the future of a particular cryptocurrency

Decentralization:

As seen in the case of large corporations where vital decisions are in the hands of either a CEO or a small collection of Board of Directors, that is not the case with DAOs as they are made for the group of people and solely oppose a centralized authority.

Opportunities

• Crowdfund development and growth
• Incentives for participation
• Collect funds, make investments and then resell it for a higher price, allowing users to make collective profits
• Freely contribute to the faction’s development indirectly or directly within the Metaverse of Karitha.
• Factions provide opportunities for both their economic gains to the members of factions while at the same time providing new players opportunities return benefit them in the game.
• Factions can lend users who are a part of the faction or outside the faction

Improvements to Karitha NFT collections

With Karitha Web3’s experience utilising NFTs, we will start focusing on driving scarcity across all collections.

Ecosystem staking will have shorter timeframes and provide more REALM to holders through active participation; the caveat of being able to participate, users will have to burn their NFT to verify ownership.

Once burned, the NFT will be added as a resource/part of their account, providing them access to their NFT and the online ecosystem.

• Users would still want to sell it or ‘have’ ownership IN their wallets
• When connecting to the website, users will be able to create ‘users/identities through Maiar, which will allow them to have access to the website and then
• Users will ‘swap’ their ownership during the burn to request. token? or a Meta Esdt?

Once the NFT is added to the account, users can still trade it across the platform, claim REALM, or fraction the ownership to lend to other users through our platform. The focus of adding the verification will allow users to move the access of their NFTs across our platform through NFT verification while being unable to be sold on external marketplaces and only on the REALM marketplace.

The incentive for the changes focuses on providing active participation and growth while maintaining scarcity and open listings.

Introducing New Holder Ranks

• Cartography Guild Holders or $REALM Holders of 750,000+
• Genesis Holders
• Artefact Holders
• Karitha NFT Collector
• Hold all NFT collections
• Karitha Pet Owner