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Netvrk is a metaverse with a user-friendly interface and low cost of entry with opportunities for users to monetize. Learn more with our “What Is Netvrk?” guide. 

Covered:

  • What Is Netvrk?
  • Features of Netvrk
  • Partners & Team
  • Tokenomics

What Is Netvrk?

Described as an open “sandbox” virtual metaverse and comparable to Decentraland, Netvrk is a unique virtual reality (VR) ecosystem. Built on Unreal Engine, this visually attractive metaverse aims to solve three major issues of the VR world: the lack of quality content, high entry issues, and the absence of monetization options. 

The user-friendly creator interface and low cost of entry allow content creators to create quality content. Netvrk will provide multiple tools for users and businesses to monetize through their metaverse. Furthermore, the Netvrk metaverse is not limited to VR headsets. Users can also access the platform through their computer’s web browser and mobile phone.

Along with solving issues of the metaverse, Netvrk aims to give users access to a fast-growing number of experiences of nearly limitless possibilities. Netvrk currently has its land plots and items sold to users as NFTs on OpenSea and their website. 

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Features of Netvrk

Netvrk will implement the features below to solve problems in the VR world.

  • Netvrk VWGen Technology 
    • VWGen is a user-friendly interface and intuitive tool for creators to create content without coding or design knowledge similar to popular games such as Minecraft and SimCity.
    • Sophisticated tools are available for advanced designers and developers
    • VWGen can generate an unlimited number of unique, fully interactive VR worlds with entire cities and complex environments.
  • A rating and review system of content by users and the system’s algorithm
  • Multiple Means of Monetization
    • Businesses can create and sell custom VR environments
    • Advertisers can place ads to promote products or services
    • Users can lease or sell different offerings to other users
    • Real estate on the platform is tradable

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Partners & Team

Netvrk has over 90 partnerships and is actively establishing new ones. Some of the most significant partnerships are with Polygon, Elrond, Clover Finance, and Anrkey X. Polygon provides Netvrk with a scaling solution while keeping users’ transactions fast and secure. Furthermore, the Elrond mainnet will be integrated into the Netvrk ecosystem allowing NFTs to be minded on the blockchain.

Michael Katseli is the Founder and CEO of Netvrk. He is also the founder of Xmod, a VR simulation studio creating complex simulations for various industries. Linus Chee is the Co-Founder and COO with over a decade of experience in entertainment design and more. With two established and experienced leaders, it is no surprise that the rest of the team follows suit. Just to mention a few, Jay Shindell, CCO, has over 25 years of experience in the motion picture industry, and Sam Wey, CTD, has more than 12 years of experience in the entertainment director industry.

NTVRK Token

Tokenomics

NTVRK is the token that powers the entire Netvrk ecosystem. It is an ERC20 token that allows users to buy assets, land, advertising space, create NFTs on the platform, and more.

The token is distributed as follows:

  • 20% Staking/Early Incentive Reward
  • 20% Community Enrichment Wallet
  • 12.5% Team
  • 7% Seed Sale
  • 7% Private Sale Round 2
  • 6.5% Private Sale Round 1
  • 6% Pre-Seed Sale
  • 6% Marketing
  • 5% Operations
  • 4% Advisors
  • 3% Public Sale
  • 3% Exchange Liquidity

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Concerns:

The main concern of Netvrk is competition. After the metaverse hype, metaverse projects have been flooding the blockchain industry. These metaverse projects also aim to solve the same problems. Furthermore, Netvrk is still developing, which means it is also a competition against time. They already have competitors that are live such as Decentraland and more to come. However, they do have a lot of great partnerships and a solid team. If they can fulfill their promises once fully developed and convince users to move from their competitors to their metaverse, this project has the potential to be huge.

Where To Buy NTVRK?

You can purchase NTVRK through KuCoin exchange, similar to buying another cryptocurrency. You can either place a market buy or a limit buy. With a limit buy, you determine the price you are willing to pay, and your order gets filled once the token price reaches your limit price. If you want to get your hands on the token quickly, you can place a market order, where you agree to pay the current price and have your order filled almost immediately. If you are interested in purchasing NTVRK, you can visit KuCoin.

The post What Is Netvrk? appeared first on CryptosRus.

One thought on “What Is Netvrk?

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