ABSTRACT
Virtual Reality is a computer generated program developed through technological algorithms aimed at enabling the users to entertain their world. It is an experience that makes the user feel that it is in real life.
Netvrk is a Virtual Reality platform established by a developer who has had an interest in virtual reality for many years. He was involved in developing softwares and later established VR studios for several organizations.
In 2016, he launched his own studio which has developed over the years to a unique Virtual Reality platform that creates an attractive virtual world to every user of the platform.
It is looking forward to a project that will take the VR and crypto community to greater heights by creating, sharing, expanding and monetizing the VR content.
Netvrk has a formidable team that has useful years of experience in VR that will help its users to easily create and experience high-quality VR contents. The participants in Netvrk does not need to possess special skills or information about virtual reality to create a VR content, because the platform has provided advanced techniques to enhance classical VR experience.
OVERVIEW OF PLATFORM
The Netvrk platform is built on blockchain technology which ensures validity of information, accuracy of data and limitation of malpractices.
The platform has some unique features which ensures its sustainability. These include:
Transparent transactions as recorded on the blockchain.
Irreversibility of transactions in the blockchain.
High security of data
Cost efficiency through side chains of transactions
Decentralization
VR INDUSTRY CHALLENGES
The virtual industry is fast developing across the globe. Many users are joining and demanding for new technology AR and VR in the market.
This development has created some problems in the industry which the Netvrk community intends to prefer solutions to. Such as :
Poor Quality Content.
There are a limited number of quality virtual contents and places available for the interested VR users to purchase or visit. There are few games to play and limited casual places to visit. Moreover, there are few tools for the creators to generate more.
The Netvrk community will provide the enabling environment and tools that will assist its users to create high-quality and large VR contents and cities that will satisfy the numerous users.
Entry Problems
Joining the Virtual Reality program is not easy, not minding the experience of the user. The process is costly and requires learning new skills and adjusting old ones.
Netvrk will give opportunity to various groups of people and organizations who wish to partner with the community in creating VR applications and provide guidelines and support for them.
Options of Monetization
Virtual activities are not easy to monetize recently because of lack of adequate users and limited organizations to capitalize on VR.
Value Proposition
Netvrk is planning to join the VR industry with a high and unique platform, focusing on creation of high quality VR contents by its users and offering diverse mechanisms of monetizing the VR contents through advert and business partnerships.
The groups targeted mostly by the platform are:
Gamers
Advertisers
Developers
Content
Businesses
These groups will gain a lot from the community in diverse ways such as:
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
Simplified/modified application creation
Accessing template usage in VR content creation process
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
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
NETVRK BUSINESS MODEL
Netvrk is a uniquely designed marketplace where diverse users can create, advertise, market and monetize their Virtual contents.
Participants in the Netvrk community can experience and enjoy the following:
Direct and Exploratory ways of navigating content through free access to the main menu.
Easy adding of users assets through third applications, and following the requirements of Netvrk.
Smart Ownership
Participants introduce their contents in Netvrk marketplace using non-fungible ERC721 token standard. This proves their ownership.
The users choose the type of ownership licence they want, whether full or partial ownership.
Payments in Netvrk
Payments in Netvrk are made by the basic token of the platform - NTVRK. Other various currencies are allowed to be used in Netvrk transactions.
Transactions with other currencies attract more charges than transactions with NTVRK currency.
Users have the choice to set their wallet to receive payments in multiple currencies.
Peer to peer transactions are allowed through the users Netvrk wallets, using Netvrk smart contracts.
Financial Projections and Forecast
Netvrk intends to join the VR market, hoping to get a fair share of the participants despite the competitive nature of the market. An estimate of 25% and 35% average and firm growth is projected on the platform. The revenue to fund these mechanism are expected from:
Premium account sales
Subscriptions
Advertising and promotions
Sales of available applications
In-app Purchases
Studio services for projects.
NETVRK'S UNIQUE EDITOR
Netvrk editor contribute greatly in modifying the VR creator. Creators without any knowledge, skills, design or tools in creating VR are nurtured and directed to achieve great unimaginable things.
Many users have confessed to their marvelous experiences with the editor. They create the following:
VR Obstacle game
VR Shooter
VR Horror Game
VR Car Race
VR Fun Space
VR Office Space
VR Store
VR Club
VR City
ROADMAP
These are sets of activities in establishing Netvrk platform.
2016
Netvrk prototyping, self-funding, completed POC.
2017
Gathering talent (management, business. marketing), established core concept, completed development on immersive VR locomotion.
2018
Expo participation, China roadshow, seed round fundraising, developed core mainframe
Q1-Q2 2019
Blockchain and non-blockchain based environment scaling, smart contract deployment, new website creation, established investors relation.
Q3-Q4 2019
Partnership with HTC, completed detailed Netvrk prototype of content creation system.
2020
Platform development, business development fundraising.
2021
Early access release, business development and expansion, public token offering.
2022
Global Netvrk: migration of all VR/AR content, expansion into Asian and European markets
WARNING
The information on Netvrk white paper is not exhaustive and will constantly be updated to reflect the true position of the platform. Therefore it is neither a contractual agreement nor constitutes professional advice. Participants are encouraged to seek legal and financial advice from professionals.
NTVRK tokens do not accept or guarantee liability for any accuracy and reliability issues arising from the contents of the white paper.
The company shares are not presently registered under the security act of any country or state.
Investors should be aware of the risks involved in cryptocurrencies trading. Therefore, Netvrk will not be liable for any losses incurred by investors in the platform.
USEFUL LINKS : 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
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