summary: Netvrk is a multichain metaverse with tools enabling users to monetize their creations via NFT s and Virtual Land.
content: Netvrk is a multichain metaverse with tools enabling users to monetize their creations via NFT s and Virtual Land. Built on the Unreal Engine, Netvrk aims to become the next evolution of the internet by offering the world a way to consume and create immersive experiences while monetizing and sharing content that will result in an ever-expanding virtual metaverse. The Netvrk ecosystem is powered by NTVRK, the native utility token, which can be used to purchase assets within the Virtual Reality World. In October 2021, Netvrk made over $17 million in less than two months in the sale of a Virtual Land NFT and Transport NFT sales. Both NFT sales took place over several launchpads and venues, including ChainBoost, Ferrum, Poolz, Trustpad, NFTPad, CyberFi / Samurai, BlindBoxes, PolyLauncher, Bondly Finance, Mantra DAO, OxBull, Spores, NFTrade and more. Overview The project was developed by Xmod, a VR simulation studio producing complex simulation for a variety of industries: tech companies, architects, real estate agencies, and more. !vlddjytfgryfpryhgr.jpg Netvrk is a social platform with powerful creation tools and infrastructure, which allows users to easily create, share, experience, and monetize VR with a focus on gaming, education and virtual workplaces built around ownership of virtual land and assets. Netvrk has been in development since 2016, starting with a prototype of VR goggles developed by the founder and CEO Michael Katseli. Netvrk allows users to create, share, and monetize their creations using an intuitive in game editor, negating the need for any coding skills or special knowledge. Users can buy, sell, and trade land, which is held via Non-Fungible Token (NFT). These Non-Fungible Tokens (NFTs) can be transacted in game or using a third party site such as OpenSea. Besides being able to rent, lease, or sell land, land owners can choose to modify the terrain and build structures using the in game toolset. Users can then host a social scene, a company meeting, or an interactive demonstration. Tech Netcrk partners with Polygon (formerly Matic Network) by utilizing it’s side chain solution,to keep user’s transaction fast and secure. Polygon utilizes a technology called Plasma, which allows it to process transactions off-chain, before finalizing them on the Ethereum main chain. With Plasma Chains, POS Chain, ZK-rollups, and Optimistic rollups, Polygon has a suite of tools that allows it to overcome the built in limitations of Ethereum. Netvrk VWGen Technology This technology is capable of generating an unlimited number of unique, fully interactive VR worlds. The ease of creating new worlds as soon as new users join the platform will assist with the addition of diverse content to Netvrk. User-generated content will be reviewed first, and only then will it be integrated into the database. The platform will use this system to highlight specific users and content within the database for further use and monetization. The VWGen editor allows everyone to get involved with VR, providing tools and functions to create VR applications quickly and efficiently within a sandbox environment. The fact that users can create VR applications without prior programming or design experience opens the platform to a wide and diverse group of people and businesses who wish to become part of the community and enter the business of VR application development. Features Easy to Use/Navigate Users who wish to participate in Netvrk with a VR device can freely navigate the different regions of the Netvrk universe using their own spaceship, on foot, or via ground and/ or air vehicles. They can also simply select where they want to go by accessing the main menu. All Netvrk content will be available on the marketplace in categories like “TOP”, “NEW” etc. Smart Ownership and Using Smart Contract All platforms available in the Netvrk Marketplace or uploaded by creators are presented with the NFT ERC-721 token standard. This means that they contain the owner’s information within their metadata, therefore providing proof-of-ownership. Additionally, users are able to select the kind of ownership they want. The types of ownership include full ownership, partial ownership, and type of license. Netvrk smart contracts will be exceptionally convenient, allowing users to create and rewrite license agreements with all the required features within a user-friendly interface.y Scanned 3D Models Netvrk will provide a 3D scanning mobile app that will allow any user to convert a real product or prop into a 3D model and automatically upload it onto NetVRk. Adding Content Users can upload assets they have created using third-party applications, and integrate them into Netvrk by following the platform's compatibility requirements in terms of file extensions, settings, and software setups. Music, Videos and other Art Medium Music, sound effects, 2D illustrations, videos, and 2D images can be easily imported into Netvrk as long as they comply with Netvrk’s policies and software requirements. Selling and Trading Content (NFTs) Users will be able to Sell and Trade Content on Netvrk, including original content they have uploaded and added to the marketplace, content they own the copyright for, their own virtual real estate in the Netvrk universe, and any other content they own and is stored in smart-contract form associated with their Netvrk blockchain account. Other Currencies Acceptance Netvrk will offer users the opportunity to accept a variety of currencies and payment methods in addition to the native tokens of the platform, $NTVRK. It is the user’s choice to set his/her crypto wallet to receive payments in multiple currencies. NetVRk will charge an extra fee for transactions in other cryptocurrencies, whereas transactions in $NTVRK will incur significantly decreased fees. P2P Payments This feature help users desiring to exchange property with each other, to do so directly using their Netvrk wallets. To conduct these types of transactions, both the seller and buyer will be using Netvrk’s user-friendly smart-contract interface, which allows them to access each side of their inventory to choose the item/s they want to exchange, enter the buyer ID, and set the price. NTVRK Token NTVRK is Netvrk’s native utility token for the platform based on the Ethereum Network (ERC20). Users who utilize the Netvrk platform can use the token for many in-game transactions. Also, they have option to receive payments in any form of digital currency. However, transactions that utilize NTVRK will receive significantly lower fees than transactions using other cryptocurrencies.The token has a maximum supply of 100,000,000 NTVRK coins with about 41,079,834.11 NTVRK already in supply. NTVRK Token Use Cases Some use cases of NetVRk’s token NTVRK include: Token Use Cases 1. Used to Purchase Assets: The NETVRK token can be used to buy assets within the virtual reality world created by users. Assets can include buildings, vehicles, houses along with many others that will be found in the NETVRK market. 2. Can Be Used to Purchase Land: Users can also utilize these tokens to purchase or conduct a NetVRk land sale within the NetVRk VR world. They can do this in prime real-estate hotspots such as those overlooking the beach or those in front of the city. 3. Buy Advertising Space: NTVRK tokens can be used to buy advertising space, which can be used in peer-to-peer transactions to display user advertisements to generate advertising income or resell to other parties. 4. To Generate NFTs: Users can use the NTVRK tokens to generate Non-Fungible Token (NFT) on the platform, which may be utilized, or traded between players in a peer-to-peer manner. 5. Staking: Users can receive a fixed percentage of profits based on the number of NTVRK tokens they have staked in the network. IDO-Token Generation Event The token sale campaign is launched with chosen exchanges to provide users with the ability to purchase $NTVRK ERC-20 utility tokens. $NTVRK grants access to the NetVRk platform, will be tradable on public exchanges, and can be used in peer-to-peer transactions between users on the public Ethereum Blockchain. Tokenomics | Category | Allocation | Price | Tokens | Locked Until | Vesting (Months) | Notes | | -------- | ---------- | ----- | ------ | ------------ | ---------------- | ----- | | Team | %12.5 | | 12,500,000 | 8 Months | 28 | 5% Monthly starting month 9 onward | | Operation | %5 | | 5,000,000 | 3 Months | 13 | 10% monthly starting month 4 onward | | Marketing | %6 | | 6,000,000 | 3 Months | 13 | 10% monthly starting month 4 onward | | Advisor | %4 | | 4,000,000 | 1 Months | 11 | 10% for months 2 to 11 | | Pre-Seed Sale | %6 | $0.040 | 6,000,000 | | 7 | 5% at TGE. 10% for months 2 to 4, then 20% for months 5 and 6 and 25% for months 7 | | Seed Sale | %7 | $0.070 | 7,000,000 | | 6 | 5% at TGE. 25% for months 2,3 and 25% for months 4 to 6 | | Private 1 | %6.5 | $0.085 | 6,500,000 | | 5 | 15% at TGE. 25% for months 2,3 and 4 and 10% for month 5 | | Private 2 | %7 | $0.110 | 7,000,000 | | 4 | 20% at TGE. 30% for month2, 255 month 3 and 4 | | Public Sale | %3 | $0.150 | 3,000,000 | | 1 | 50% at TGE and 25% every 2 weeks afterwards | | Staking/Early Incentive Wallet | %20 | | 20,000,000 | | | Staking rewards while platform builds traction | | Community Enrichment Wallet | %20 | | 20,000,000 | | | Community Multiple Usage | | Exchange Liquidity | %3 | | 3,000,000 | | | 100% used at TGE | | Total | %100 | | 100,000,000 | | | | Tokenomics TGE Circulation Token Type | Token Type | Tokens | | ---------- | ------