As blockchain technology has evolved, the world has become faster and more complex. Indeed, each industry, including the virtual reality industry, has utilized this technology to advance. The blockchain has connected the financial sector more efficiently and seamlessly. On the one hand, Cryptocurrency has grown a lot in recent years. These developments make Cryptocurrency better and allow for more complex financial cases.
Innovative projects keep popping up in the crypto space with huge returns and trending upwards like NetVRK. Users can create, share, and monetize their games using NetVRk’s in-game editor, which doesn’t require any coding skills or special knowledge. Drag and drop interface makes it super easy to make in-game assets, which can then be minted as NFTs. You can buy, sell, and trade land via NFTs. These NFTs can be traded in-game or using a third-party site. NTVRK created a VR platform that provided versatility and simplicity for casual users, leisure gamers, and the corporate world.
VR Global MARKET
Zion Market Research says the global virtual reality market was worth $26.7 billion in 2018 and is expected to hit $814.7 billion by 2025, growing at a CAGR of 63% between 2019 and 2025.
Virtual Reality market growth rate by region, from 2019 to 2024
VR Industry Problems and NetVRk’s Solutions.
Lack of Quality Content
The current lack of places to visit in VR is a problem that has not yet been fully solved.Virtual reality has to offer a lot of content otherwise users will get bored, just like having a small number of places to see in real life. In addition, VR headsets are expensive because there isn’t a lot of good content.
Solution
NetVRk’s VWGen technology is capable of creating an unlimited number of VR worlds.The ability to create a new world as soon as a user joins will help NetVRk add diversity to its content. NetVRk is going to produce a lot of high-quality content, including complete cities and complex environments.
Entry Issues
Even experienced programmers need to learn new skills and adjust old ones to make VR content. Furthermore, VR development costs are higher than mobile development, and not all creators have the funds to make VR content.
Solution
The VWGen editor allows everyone to experiment with virtual reality, as it offers all the tools and functions needed for creating VR applications in a sandbox environment. Basically, this is the same approach you would use when building an architectural miniature on a table. Users can create VR apps without programming or design experience, which opens the platform to a wide range of people and businesses who want to become part of the community and get into VR app development.
Lack of Monetization Options
Because there’s no huge user base yet, there are only a few ways for mainstream industries to capitalize on VR.
Solution
NetVRk offers multiple VR monetization options and rewards for participation. All VR users will benefit from all this technology under one roof, and there will be a lot of opportunities.The NetVRK platform lets you make VR environments and get royalties. Advertisers can place ads to promote products or services and generate an additional revenue stream.
The use cases of Netvrk’s token.
BUY ADVERTISING SPACE
You can use NTVRK tokens to buy ads, which are passive income that can be re-sold to other parties for a healthy profit.
Buy Assets
With the NETVRK token, you can buy stuff in the virtual reality world. Things like buildings, vehicles, houses and more will be found on the NETVRK market.
Buy Land
Similar to the offline world, the land is also a valuable commodity within Netvrk. The tokens can be used to buy prime real estate like land overlooking the beach or right in front of the city.
Generate NFTs
You can also use the token to make Non-Fungible Tokens (NFTs), another way to make money.
Staking
Staking is another way to make passive income with NTVRK. Staker’s get a fixed percentage of profits for holding their tokens in the network.
NETVRK PLATFORM FUNCTIONALITY
Developers
They can make add-ons, plugins, or even stand-alone games or apps using UE4 and follow the performance requirements and NetVRk’s template.
Original 3D Models by Designers
Modelers can add animations or static models created by them in a 3rd party application as long as they comply with NetVRk’s requirements.
Music, Video, and Other Art Mediums
If your files comply with NetVRk’s policies and software requirements, you can easily import music, sound effects, 2D illustrations, videos, and 2D images.
TEAM
Michael Katseli, the guy who started NetVRk, founded Xmod. Xmod has assembled a diverse team of experts, from developers to researchers, to VR experts, to turn the vision into actuality.
Netvrk Uniswap Listing
NTVRK will be listed on Uniswap May 21st, 2021 at 16:00 UTC.
OFFICIAL $NTVRK TOKEN ADDRESS
0xFc0d6Cf33e38bcE7CA7D89c0E292274031b7157A
$NTVRK will be paired with Ethereum and will list at an initial price of $0.15.
Uniswap Listing details:
Listing Price on Uniswap: $0.15
Initial Market Cap: $678,750
Initial Circulating Supply: 3,000,000 Tokens
Total token supply: 100,000,000
You’ll see why NetVRK is the most creative and innovative application in the blockchain in the coming weeks. Stay tuned.
Website: netvrk.co
Twitter: twitter.com/netvrk1
Telegram: https://t.me/netvrk_Official
LinkTree: linktr.ee/netvrk
Author
Forum Username: blockchain001
Forum Profile Link:https://bitcointalk.org/index.php?action=profile;u=1184361
Telegram Username: @D_karvin
ETH Wallet Address: 0x89aD4B351c5DAa174252738B9Dff1bb95F92c199