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Does it have to be a webnovel? If not, I would really recommend Iron Prince (Warformed: Stormweaver). it's available on kindle unlimited and it basically fits your description.

It's not really a virtual game, it's what people think is a virtual game. The mc knows it's a real world but the players all assume they are playing a game. It's a more kingdom building type of novel.

Currently Translating: I Save The World In A Doomsday Text Game, I Became The Vampire Progenitor, Rebirth of the Super Battleship. Finished Translating: I Am The Swarm. Links: Patreon, main site

I'm actually translating that novel under the name I Saved The World In A Doomsday Text Game, I heavily edit the chapters to ensure that terms, genders etc stays the same since a certain company is releasing crappy mtl as actual translations. Don't know how far you've gotten in the story but...