Mossland - Reality Reflection Raised $5 Million With Cryptocurrency Pre-ICO

Successful pre-ICO Cyptocurrency sale funds development of new location-based AR title Mossland.

Video game development can be expensive. With cryptocurrency and blockchain featuring more and more frequently in the news, some developers are turning to alternative currencies such as Ethereum as a new way to raise funding for new video game projects. The latest to attempt this is Reality Reflection, who have successfully raised over $5 million (USD) during a pre-ICO for augmented reality (AR) title Mossland.

Mossland is a real estate-centric location-based Augmented Reality (AR) mobile game. In the game, players identify real properties in the world and add them to the game world - giving other users the ability to buy and sell real-world properties in the Mossland virtual world. Mossland utilizes a blockchain-based cryptocurrency to facilitate trades, sales, and purchases by users of in-game properties, emulating the real-world property market in the game and giving our players a new and compelling way to interact with each other. If a new blockchain technology with higher performance and correspondingly lower transaction fees is introduced after Mossland is launched, Mossland will be converted to a decentralized Application and all Mossland assets (and ownership) will become on-blockchain assets. From that point, Mossland’s virtual assets will be available on a decentralized trading platform, making them available to more players, developers, and services.

Mossland is an AR mobile title that draws on similar location-based ‘check-in’ technology to social apps such as Fourquare to create a game involving buying and selling the virtual real estate. Users will be able to identify nearby virtual properties and then buy, sell or trade them, using various methods to try and increase the value. This is incentivized by the integration of Cryptocurrency, whereby the virtual properties can be liquidated into cryptocurrency. However as the tech giants such as Google and Facebook also added check-in services, simple social networking services sharing my location and checking others’ lost their competitiveness. In the meantime, due to remarkable performance improvement of the mobile device, AR service which man manipulates-time video with virtual objects has shown a great potential. By adding AR technology, which is a manipulation of realworld with virtual objects, on top of location-based services, it will create a whole new experience of mobile services. Mossland adds in-depth gamification on top of the traditional check-in games such as Foursquare. By installing AR objects on Properties, it will enhance the users’ gaming experience and motivate users to decorate and boast their Properties in addition to basic gameplay of purchasing, protecting and taking over them.

After the successful pre-ICO sale, developer Reality Reflection will be embarking on its main ICO (Initial Coin Offering) using Ethereum blockchain technology to fund continued development of the title. The Main ICO for Mossland will begin on 19th February, with an exclusive bonus of up to 15%.

In addition to buying, selling and upgrading virtthe ual property, users can also take advantage of the P2P advertising platform integrated into Mossland. All Mossland users will be able to run an advertising campaign on the platform by setting a budget and using the intuitive interface.

Wooram Son, CEO of Reality Reflection, said: “Thanks to the overwhelming interest of users in Mossland, the Pre Sale could be closed successfully in just 38 minutes. As many people are excited as we are to create a mobile game that you can own famous landmarks, we will put all of our effort in developing Mossland to give a unique experience to our users.”

Main ICO will be launched in next days, join now at: https://www.moss.land/
Bounty program is also available at: https://bountyhive.io/browse/Mossland