INTRODUCTION
Netvrk is a Defi platform that was established to mediate on the challenges militating against the maximization of the Virtual Reality world experience.
The founder of Netvrk- Mr, Micheal Katseli developed the platform out of the love he has in virtual reality. Initially, he started developing mobile application softwares and virtual reality. He also launched Xmod, a VR studio that produced various VR contents for companies and individuals.
The studio developed into Netvrk, with serious endeavor to provide a unique platform that explore, generate, create, and market captivating virtual reality contents.
The Netvrk platform has good established tools and procedures that will attract various VR creators that will partner with the platform to create quality VR contents and also help them to monetize it.
The management team is experienced in Defi, blockchain and virtual development and will contribute greatly to the growth of the platform, virtual world and Defi in general.
Blockchain Technology
Blockchain is a sequence of digital recording of transactions across computer networks to enhance easy access and validation. This helps to keep a valid data chain without any manipulation.
Netvrk adopts the blockchain technology to avail its users the following features:
Transparency
immutability
High security
Cost efficiency
Decentralisation
NETVRK UNIQUE EDITOR
Netvrk has a trained editor that passionately assists users with little or no information/skills about virtual reality. They are taught how to develop unimaginable VR contents on their own through active random trials, trade shows and private setups. Check confessions of users at:
https://youth.be/bZGitb3iCDA
SOLUTIONS TO INDUSTRY CHALLENGES
The virtual industry at present is faced with some challenges that hinder the optimization of its resources. Netvrk projects solutions to these challenges through its wonderful unique features in the following:
Poor Quality Contents
Most virtual users desire to have multiple experiences of such exercise, posing great obligation to virtual creators in providing virtual contents.
Netvrk platform will give a solution to this challenge by providing good conditions they will help its users to create high quality contents to the virtual world.
Entry Issues
Generating a virtual content is not easy, because it is costly and tasking, and requires many skills.
Netvrk will give necessary tools and support to its creative users to develop useful virtual contents. The editor will give proper monitoring and direction to this effect.
This gesture attracts various groups to partner with the community in developing VR applications.
Challenges of Monetization
Monetizing VR contents is not a easy task, and this discourages its creation.
Netvrk has great features that enhances easy and quick monetization of developed VR contents. Participants can develop, customize, advertise and sell or lease their products and services to earn some income/royalties.
BENEFITS OF NETVRK USERS
There are different types of participants in the Netvrk community. They gain rewards as follows:
Developers
Simplified/modified application creation
Accessing template usage in VR content creation process
Businesses
Good cooperation and partnership environment
New frontier for products and ad placement
Ability to create, promote and sell VR contents.
Trading real estate in the virtual environment
Revenue stream generation
Gamers/VR enthusiasts
Possibility to enjoy new experiences in virtual worlds.
Easy communication with family and friends in uncommon ways.
Access to various tools used in game development and adding content.
Easy creation of VR places with the assistant of Netvrk editor
Monetization of skills
Content creators/advertisers
Quick and easy generation of VR contents.
Convenient multifunctional user-friendly platform
Secured marketplace for trading goods and services.
Convenient advertising and content monitization environment
Cost efficiency
NETVRK BUSINESS MODEL
The Netvrk has a marketplace where its business activities take place. To participate and trade VR contents in the marketplace, a user has to register and prove his/her ownership of the content with the platform through non-fungible ERC 721 tokens. The users can create the following:
VR Obstacle game
VR Shooter
VR Horror Game
VR Car Race
VR Fun Space
VR Office Space
VR Club VR Store
VR City
Types of Ownership
There are two type of ownership licence available for the Participants, full or partial ownership.
These VR contents will be examined by the community and Netvrk's dedicated team in order to prevent infiltration of adult contents in the community.
IDO Token-Generation Event
This is a process of generating funds through placing of tokens with selected exchanges to enable users to acquire NTVRK tokens which gives access to the Network platform.
PAYMENT IN NETVRK MARKETPLACE
Payments in Netvrk are done with $NTVRK and other approved currencies will also be accepted in settling Netvrk transactions based on the user's choice.
Transactions in order currencies will attract a charge of extra transaction fee unlike the ones done with NTVRK tokens.
P2P Payment
Users can easily do free transactions between themselves by using the Netvrk user friendly smart contracts.
VIRTUAL REAL ESTATE
Netvrk users can acquire "land" in digital form and location in the Netvrk universe.
These land assets can be rented or traded in parts by owners to earn revenue. It can also be used for personal or commercial purposes.
DEVELOPMENT STEPS
There are steps of actions taken in the establishment of the Netvrk VR.
The management will initially unveil the planet map in a way of web interface. This will enable early investors to acquire and start trading on the marketplace, thereby gaining the chances of good pricing. Creators and business developers will start showing their interests on the platform and developing their experience on Netvrk VR when it is launched.
After this stage, the MVP will be developed in two phases for blockchain and non-blockchain environments.
DISCLAIMER
The white paper and website contents of Netvrk is not a contractual agreement, rather it is for information purposes.
Users must admit to be conversant with the risks involved in cryptocurrencies trading and consult their legal, financial, tax and other experts for professional advice and direction about taking part in the Netvrk platform.
NTVRK tokens do not constitute security in any jurisdiction and the shares of the company are not currently registered under the security Act of any country or state.
Netvrk will not be held accountable for any misfortune incurred by its users in the course of their activities on its platform.
USEFUL INFORMATION :
Website: https://netvrk.co/
Whitepaper: https://whitepaper.netvrk.co/
Telegram: https://t.me/NetVRk_Official
Twitter: https://twitter.com/NetVRk1
Facebook: https://www.facebook.com/NetvrkVR
AUTHOR INFORMATION :
BITCOINTALK USERNAME : Shantiger
BITCOINTALK URL : https://bitcointalk.org/index.php?action=profile;u=2889895
POA : https://bitcointalk.org/index.php?topic=5330162.msg57070669#msg57070669