What is NETVRK?
Netvrk is an open "sandbox" multichain metaverse built on Unreal Engine. It aims to solve three major issues of the virtual reality world: high entry issues, the lack of quality content, and the absence of monetization options. Thus, it offers an easy-to-use interface, powerful creation tools, and a low cost of entry with opportunities for users to monetize. The metaverse focuses on gaming, e-commerce, and education, all built around virtual land and asset ownership.
Players can own land and other assets to create games, content, and even virtual business, allowing them to earn money. The primary way to make money from Netvrk is by setting up a virtual business, such as a real estate business, a shop, a gaming center, or an entertainment business. Players can also buy ad spaces and make money from billboards that can be found in various areas around the virtual world.
As a multichain metaverse, Netvrk integrates and supports multiple blockchains in its metaverse, including Ethereum, Polygon, Solana, Polkadot, Avalanche, Cardano, XRPL, BSC, Flare, Phantasma, Elrond, Hedera, and more. By supporting a multitude of blockchains with different strengths, communities, and capabilities, Netvrk aims to build a true metaverse.
History of NETVRK
The founder and CEO of Netvrk is Michael Katseli. He is also the founder of a VR simulation studio that creates complex simulations for different industries called Xmod. The co-founder and COO of Netvrk are Linus Chee, an experienced professional who has been working in entertainment design for over a decade. The rest of the team also consists of experienced professionals.
The team's vision in creating Netvrk is to become the next evolution of the internet by providing a new way of consuming and creating experiences while monetizing and sharing content, which will result in a virtual metaverse. Their objective is to create a one-of-a-kind, visually appealing environment that can be explored, populated, and even modified to meet the demands of all users. Users of Netvrk will be able to utilize their virtual worlds for both personal and business reasons while benefiting from a blockchain-based ecosystem that gives them the means to monetize their virtual worlds in a safe setting.
Today, Netvrk has secured over 90 partnerships and is constantly establishing new ones. Some of their most notable partnerships are with Elrond, Polygon, Clover Finance, and Anrkey X.
Popular Areas in NETVRK
The Netvrk's metaverse is called Genesis Islands, which consists of 15,000 NFT parcels spread over five districts. These districts are Creative, Entertainment, Business, Education, and Adult.
Types of Property in NETVRK
Users of Netvrk can own virtual land in the metaverse. In total, there are only 15,000 NFT parcels in the Genesis Islands, and there's no limit on how much land a user can own. They can hold a single lot, a whole section in a district, an entire continent, or even the whole Netvrk universe. The virtual land is purchasable, saleable, and tradable, with different forms of definitions of ownership for the buyer, seller, and renter. Owners can also give their land away or rent it out.
Owners who want to sell their virtual land can give full or partial rights of ownership to the buyer. Alternatively, they can temporarily lease their land in exchange for revenue-sharing.
Owning land allows users to own, create, and monetize their headquarters in the Netvrk metaverse. Landowners can deploy e-commerce storefronts, games, and experiences on their land to earn money. It's also possible for landowners to monetize user traffic by deploying advertising on their land.
In Netvrk, land ownership is the foundation for governance via the Netvrk DAO and Netvrk Reserve distributions. Furthermore, landowners can receive a share of Netvrk Marketplace revenue and Netvrk NFT royalties.
Assets in Netvrk can include vehicles, houses, buildings, and numerous other things found in the Netvrk market.
Users can purchase advertising spaces that are spread around the Netvrk metaverse. These advertising spaces can be used in peer-to-peer transactions to display users' advertisements to earn advertising income or resell to other people.
Native Tokens Used in NETVRK
The native token used in Netvrk is $NETVRK, which is an Ethereum based ERC-20 token. This token is currently traded on various major Centralized Exchanges (CEXs), such as MEXC and KuCoin. Users can also trade this token on a number of Decentralized Exchanges (DEXs), such as Rubic.Exchange and Uniswap.
In the future, the $NETVRK token is planned to be bridged to other blockchains besides Ethereum, including Polkadot, Polygon, Solana, Avalanche, BSC Chain, Cardano, Hedera, Phantasma, Flare, XRPL, Elrond, and more.
Top 3 Reasons to Invest in NETVRK
- Commercial use to earn real income - Those who own land in Netvrk can use their land to earn money. For example, users can integrate advertisements in both personal and commercial spaces, as the metaverse provides various interactive virtual billboards that users can experiment with. Users can also open their own virtual stores and offer goods to other users from their land. There are many other ways to monetize land, such as opening a marketing office where people can come and work, offering life coaching or consultation, and more.
- Numerous ownership types - Just like land in the real world, there are numerous ownership types of Netvrk's virtual land. Users can offer permanent ownership, allowing buyers to acquire the land without any revenue-sharing or other obligations to the previous owners. Alternatively, users can also offer limited-time free use for revenue share or sell their land with limited ownership to still earn passive income from their land.
- Notable partners - Netvrk has secured various notable partnerships, including with Klon, Mechachain, Bored Apes XRPL, xToadz, Psilo, Kindi Architects, and more.