Name

Wright Flyer Live Entertainment

Legal name

REALITY株式会社

Website

https://le.wrightflyer.net

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Wright Flyer Live Entertainment, via its subsidiary REALITY, Inc., operates a global smartphone metaverse app and an enterprise XR cloud platform, enabling avatar-based live streaming, gaming, and virtual events for consumers and businesses worldwide.

Ownership category

akta.pro rank

Product category

Virtual Worlds & Metaverse Platform

NAICS

Broadcasting and Content Providers (516)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Metaverse & Social Virtual Worlds (BPAMAKAF)

akta.pro secondary industries

IRL & Lifestyle Live Streaming Platforms (MPACACAC), Virtual Expo & 3D Booth Solutions (Show Floors, Digital Booths, Product Demos) (THAHAOAE), Metaverse Commerce & Monetization (virtual goods storefronts, payments, ads) (FSAPAGAK)

Keywords

• Virtual YouTuber platform
• Smartphone metaverse app
• Avatar live streaming
• Virtual event production
• 3D CG virtual spaces

Headquarters

HQ city

Minato

HQ country

Japan

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Consumer App Monetization: REALITY smartphone metaverse app likely generates revenue through in-app purchases, virtual goods, and premium features for individual users
2. Enterprise Solutions: REALITY XR cloud provides 3D CG virtual spaces and event production platforms to businesses for a fee

Go-to-market motion2 records

Distribution channels2 records

Core offering

Wright Flyer Live Entertainment operates the REALITY smartphone metaverse application, which lets anyone become an avatar using a single smartphone and engage in faceless live streaming, gaming, and social communication. It also runs REALITY XR cloud, an enterprise platform providing 3D CG-powered virtual spaces and event production services for corporate clients.

Differentiator

Problem solved

Functional benefit

Brands

• REALITY XR cloud: Enterprise solution providing 3D CG-powered virtual spaces and event production platform for businesses.

Products and services

• REALITY Smartphone metaverse application where users create avatars and engage in live streaming, gaming, and social communication without showing their real face. Targeted at individual consumers worldwide.
• REALITY XR cloud

Quantifiable outcome

• 20 million+ global downloads

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators1 record

Broad incumbents

• VRChat: Established avatar-based social VR platform with strong creator community; competes with REALITY for avatar-native social users but requires PC/VR hardware versus REALITY's smartphone-only access.
• Roblox: Global user-generated avatar platform with massive scale and deep monetization infrastructure; comparable avatar social/entertainment proposition but gaming-skewed rather than live-streaming-skewed.

Direct peers

• Cluster: Japanese metaverse platform offering avatar-based virtual events and social spaces; directly competes with REALITY in the Japan market for both consumer virtual hangouts and enterprise virtual events.
• ZEPETO: Naver Z's avatar metaverse platform; both ZEPETO and REALITY let users create smartphone-based 3D avatars for social interaction, live experiences, and virtual goods, targeting similar Gen Z/millennial consumers in Asia.
• Mirrativ: Japanese smartphone game-streaming and live-streaming app owned by DeNA; overlaps with REALITY's mobile-first live streaming and VTuber creator ecosystem in the Japan market.
• SHOWROOM: Japanese live streaming platform (DeNA) with strong VTuber/liver streaming presence; competes for the same Japanese creator and viewer audience as REALITY.
• POCOCHA: Japanese live streaming app (DeNA) competing for the same Japanese VTuber/liver creator and viewer pool as REALITY's consumer app.

Regional players

• 17LIVE: M17 Group's live streaming platform dominant in Taiwan and Southeast Asia; comparable smartphone-based live streaming model with virtual goods monetization, though not avatar-first.

Emerging players

• Gather: 2D/avatar-based virtual event and workplace platform; competes with REALITY XR cloud for enterprise virtual event budgets, though less 3D-CG-heavy.
• Spatial: Cross-platform avatar-based metaverse and virtual event space; overlaps with REALITY XR cloud's enterprise virtual-space use case while also serving avatar social experiences.

Market position

Customer concentration

• Xtwitter.com/REALITY_APP
• YouTubeyoutube.com/@REALITY_App
• Facebookfacebook.com/REALITYVTuber
• Instagraminstagram.com/reality_app_official

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wright Flyer Live Entertainment