OVERVIEW OF NETVRK
Netvrk a Dafi platform established for Virtual Reality purposes. It was developed by Michael Kasteli - the founder, CEO, as a result of the interest he had in virtual reality for many years ago. He developed some software applications and VR studios for many individuals, companies and organizations.
In 2016, he established his own API studio which started with standard VR goggles and developed into the Netvrk platform.
The Netvrk intends to explore, generate, create and market standard quality virtual contents to the virtual world. This will help to satisfy the users virtual needs and also provide solutions to the challenges in the virtual system.
The platform is based on blockchain technology built on smart contracts which will help the participants to monetize their virtual potentials. Blockchain transactions facilitate the following:
Transparency
immutability
High security
Cost efficiency
Decentralisation
Netvrk is managed by a team of individuals with qualified experience on Defil, virtuals and VR development, blockchain development, business development and marketing, business advisory and blockchain advisory. The team will provide various features and tools that will enable its users to create VR without much skills or knowledge.
NETVRK SOLUTIONS TO VIRTUAL CHALLENGES
Netvrk platform is projected to proffer solutions to various problems challenging the optimization of VR. The challenges and solutions include:
Poor Quality Contents
Netvrk will provide its users with a conducive environment and tools that will motivate and help them to generate various VR contents through proper monitoring and appraisal to ensure it has high quality, and afterwards added to the platform database.
Entry Issues
It is not easy to generate a VR content, considering the financial, tools and skills requirements involved.
Netvrk platform will give its users the needed tools and support through its unique editor - VWGen, to develop VR applications easily. They will also partner with their users to develop and market the VR contents.
Challenges of Monetization
Monetizing VR products is not easy considering the present lack of solid user base and few mainstream industries on VR.
Netvrk Participants can develop, customize, advertise and sell or lease their products and services to earn some income/royalties, through the provision of various business channels.
The main focus of Netvrk is on gamers who are a very strong community hungry for new experiences. Other groups expected are :
VR enthusiasts
Content creators
Advertisers
Developers
Businesses
NETVRK BUSINESS MODEL
These are set activities and functions of Netvrk platform. global stages and platforms that help users to create, experience and transact their VR contents. They are:
Selling and Trading content
Netvrk provides a marketplace that operates on Smart contracts. This is where the users advertise and trade their VR products. The products will be critically examined to
The participants will have to register and prove their ownership of the products with third-party Apps and transmitted into Netvrk using non-fungible ERC721 tokens.
There are two types of ownerships available to the users to choose from. They are full or partial ownership.
These VR contents will be critically examined to make sure it corresponds to the community values and devoid of adult contents that will harm the younger ones.
PAYMENT IN NETVRK MARKETPLACE
Netvrk platform has a native currency which is used for transactions on the platform. It also allows the usage of other cryptocurrencies in transacting on the platform, depending on the choice of the user.
Transactions in order currencies are charged more transaction fees unlike the ones done with NTVRK tokens.
Users can also do free p2p transactions between themselves by using the Netvrk user friendly smart contracts.
BENEFITS OF NETVRK USERS
Various users of Netvrk users enjoy various benefits as follows:
Content creators/advertisers
VR creators have a convenient user-friendly environment to create VR contents and a secured marketplace to trade such contents.
Developers
Developers are given access to use modified templates to enhance their VR creations.
Businesses
Users get good business cooperation and partnership that will promote their businesses from the Netvrk platform.
Gamers/VR enthusiasts
Gamers have and enjoy new VR experiences and easy communication in Netvrk community.
CAVEAT
The information on the white paper is not advice or invitation for investment and does not represent a contractual agreement.
Users must realize that trading in cryptocurrencies involves risks 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 liable for any loss or damages 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
WRITER INFORMATION
Bitcointalk Username : Cinna
Bitcointalk URL : https://bitcointalk.org/index.php?topic=5330162.msg57060609#msg57060609
Prove of Authentication : https://bitcointalk.org/index.php?topic=5330162.msg57060609#msg57060609
Eth Wallet Address : 0x64DE942b3b93aa615eeBc08eb7DB238f21Fc1476