Origin of Netvrk
Netvrk developed from Xmod studio, established by Michael Katseli, because of his passionate love for virtual experience. This studio developed good quality virtual contents for various industries and clients over the years.
Since 2016, he started his own VR contents and has over the years grown into a community, and developed into the Netvrk platform.
Overview of Netvrk
Netvrk is a Defi project established to explore, generate, create and monetize virtual reality contents. It is built on the Binance blockchain technology to ensure its sustainability.
The platform is managed by a team of experts with great experience in Virtual and VR development, blockchain development, business development and marketing, business advisory and blockchain advisory. The team has devised unique features that will lure, encourage and support various users to create high quality virtual contents to satisfy its teeming users and improve the growth of the industry.
Netvrk Business Model
Netvrk has organized business plans and modalities through which it partners companies and individuals to create and develop unique virtual contents.
Decentralized Marketplace
This is the meeting point of the Netvrk community and its users. It is an established marketplace where users exchange transactions of VR contents without permission from the team. The transactions are done through smart contracts built on blockchain technology.
The adoption of blockchain technology ensures its transparency, sustainability, high-quality, immutability, decentralization and cost efficiency.
Proof of ownership
Users in Netvrk will register on the community with non-fungible tokens and prove their ownership title in order to participate in the platform. Users can register for full or partial ownership.
IDO Token-Generation Event
This is an act of raising funds for the community through placing their basic token (NTVRK) on selected exchanges to enable users to acquire the tokens which give them access to the Network platform.
Payments in Netvrk Community
Payments for transactions in the Netvrk community are executed using the NTVRK and other approved tokens, depending on the choice of the user.
Peer2peer transactions are also allowed by the community.
Industry Problems And Solutions.
The Netvrk platform has a primary aim of providing solutions to the many present challenges in the virtual world. Such include:
Entry Issues
Every user of Netvrk platform will be given the required tools and support to develop VR applications easily. This allows every user with complex ideas to present and develop such without the need for coding. The community editor does justice to this.
This measure entices various groups to partner with the community in developing VR applications
Poor Quality Contents
Netvrk intends to provide various uncommon VR contents. The platform will provide an enabling environment and tools for its users to create VR contents. The contents will be thoroughly examined to rid it of adult contents before it is added to its database.
Monetization Issues
The Netvrk will devise a channel for the participants to monetize their developed VR contents. Participants will be given safe modalities to develop, customize, advertise and sell or lease their products and services to earn some income/royalties.
Benefits Of Netvrk Users
Content creators/advertisers
Content creators under the Netvrk community are awarded a convenient advertising and monetization environment and a secured marketplace to trade their contents freely and at a lower cost.
Developers
Netvrk creates simplified computer applications to help its developers to generate quality VR contents.
Businesses
The Netvrk business partners and associates are given hood cooperation, their products are given special ad placement in the platform to improve their revenue generation.
Gamers/VR enthusiasts
Gamers will be excited with new experiences of sweet virtual contents and easy communication among themselves. They will also be given access to various tools to develop their contents rough the assistant of the editor, and have their skills appreciated through Monetization
Disclaimer
There are various degrees of risk involved in trading cryptocurrencies which the users must admit to be conversant with. Therefore, they are encouraged to consult their legal, financial, tax and other experts for professional advice and direction about taking part in the Netvrk platform.
The contents of the Netvrk white paper and website is for information purposes and not an invitation to investment, and therefore does not represent a contractual agreement.
Netvrk will not be liable for any loss or damages incurred by its users in the course of their activities on its platform.
PROJECT 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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