About NETVRK

April 23, 2021

About NETVRK | Be the first in NetVRk's new VR universe!

A social VR platform with powerful creation tools and infrastructure to easily create, share, experience, and monetize VR.

NetVRk platform aims to provide users and businesses with unique opportunities to leverage VR capabilities and create new VR experiences, applications, and environments in which people can explore, communicate, and work. Our goal is to make NetVRk universal — one platform for all VR content, including games, performance, brand positioning, and retail, as well as virtual jobs for people working in VR. We will also provide a platform for people to connect, design, develop, and build together.

In the NetVRk virtual universe, you can find it all: planets, cities, interactions, and infinite worlds to explore, create, and even monetize. Anything you can imagine can come alive with NetVRk, as there are no limits in the virtual dimension!

NETVRK - turn your dreams into reality.

Trading Your Virtual Real Estate

Users of the NetVRk platform will be able to sell their virtual real estate by providing total or partial rights of use to the purchaser, or leasing their land in exchange for revenue-sharing. Our system has the following rights-transfer features:

Permanent ownership transfer. This is a transaction by which the owner sells full rights and revenue-sharing of virtual real estate to the purchaser. Once the buyer has acquired the land, he/she can do anything with it, without revenue-sharing or other responsibility to the former owner.

Limited-time free use for revenue sharing. Since many users of the platform will utilize NetVRk only to play and create games, we are projecting that these users might not want to buy land immediately, or even pay for anything until they are sure they like the platform. Meanwhile, users who have owned land from day one may have purchased virtual real estate when it was proposed to early investors. These users can propose their land to active new users for use, and even let them appreciate it while making a profit and adapting to the platform in exchange for a “cut” from the revenue they make.

Sale with restricted ownership. If a piece of land is in a beneficial location and is potentially valuable, the owner can propose a better price to the buyer in exchange for a “cut” from the revenue generated there. Users can also make a profit by renting land to others for a restricted time period, then selling it (fully or partially) for a higher price.

Token Ecosystem

The use cases of NetVRk's token.

BUY ASSETS

The NETVRK token can be used to buy assets within the virtual reality world you are in. Assets can include buildings, vehicles, houses along with many others that will be found in the NETVRK market.

BUY LAND

Just like in the offline world, land is also a valuable commodity in the VR world within NETVRK. Tokens can be used to purchase land in the prime real estate hotspots such as overlooking the beach, or right in front of the city.

BUY ADVERTISING SPACE

NETVRK tokens can be used to buy advertising space, which can be used to generate a form of passive income and be on-sold to other parties for a healthy profit.

GENERATE NFTS

The token can also be used to generate Non-Fungible Tokens (NFTs), yet another way of earning additional income.

STAKING

Another way of earning a passive income with the NETVRK token can be done via staking, which pays stakers a fixed percentage of profits based on staking their tokens in the network.

Market size

The global augmented and virtual-reality market was valued at around USD 26.7 billion in 2018, and is expected to reach approximately USD 814.7 billion by 2025, at a CAGR of 63% between 2019 and 2025.

$45B

VR GAMING MARKET

Expected to grow to $45B by 2022

$26.8B

VR MARKET REVENUE

Expected to grow to $26B+ by 2022

$80+ M

GLOBAL VR USER BASE

Expected to grow from 70M users in 2020 to 216M in 2025

$68+ M

VR HEADSET SALES

Expected to grow to 68M+ by 2022

THE PROBLEM WITH VR

With so much potential, what is keeping VR from becoming mainstream?

LACK OF QUALITY CONTENT

Limited amount of quality content within the VR environment. Shortage of well-crafted design tools.

ENTRY ISSUES

High standards and complex conditions for the average user in terms of content creation. Expensive cost for app creation.

ABSENCE OF MONETIZATION OPTIONS

Lack of possible ways to monetize activities within VR, or for mainstream industries to capitalize within the industry.

THE SOLUTION

A social VR platform with powerful creation tools and infrastructure to easily create, share, experience, and monetize VR. The VR App Store provides the ability to make apps and experience them with others.

UNLIMITED AMOUNT OF UNIQUE CONTENT

An unlimited number of unique, fully interactive VR worlds. We offer new and endless interest in VR with rapid consumer growth.

USERS AT ALL LEVELS CAN CREATE VR WORLDS/APPS

With no technical knowledge, users can create compelling VR content for business or pleasure with the use of NetVRk’s unique editor and multi-functional tools.

MONETIZATION & REWARDS FOR PARTICIPATION

All VR users will benefit. With all of VR under one roof, businesses will be able to capitalize via numerous means for monetization.

Team

We have combined diversely skilled professionals, from developers and researchers, to VR experts, in order to turn our vision into a reality.

Michael Katseli: Founder, CEO

Linus Chee: Co-Founder, COO

Jay Shindell: Chief Creative Officer

Ian Friend: Co-Founder @ Ferrum Network

Jonathan Wernick: Chief Administrative Officer

Sam Wey: Chief Technical Director

Daniel Kennedy: Chief Marketing Officer

Nii Hideo: Blockchain Lead Developer

Artak Avetisyan: Engine Developer

Thanks to blockchain, it was possible to decentralize cryptocurrencies, and the community itself managed nodes that allowed the entire system to function. Let's take a look at the top five blockchain platforms today.

Despite the fact that Ethereum has become the first dApp platform—or perhaps because of this—it has continued its rapid growth. It has one of the largest dApp developer communities in the crypto space. Currently, about 2,300 decentralized applications are running on its blockchain, the highest rate for any single blockchain in the entire industry. It is estimated that Ethereum's decentralized applications are used daily by more than 16,600 users. DApps come in different categories: games, wallets, exchanges, security, media, finance, management, identification, and more.
Fabric is a blockchain framework originally proposed by IBM and DAH. It is intended to create a basis for developing solutions on the blockchain, and is based on a modular architecture where, if necessary, various components can be connected (for example, a consensus algorithm).
Corda is designed primarily for the financial sector. Consensus in Corda is achieved at the transaction level, as it is in Fabric. Verification affects both the validity and the uniqueness of the transaction. Validity is confirmed by smart contracts associated with specific transactions.
Ripple uses its own hacking-protected RPCA protocol. It works on the SMTP principle for email by connecting peers that can use many fiat currencies or cryptocurrencies. It exchanges them using the XRP token, each of which is divided into a million particles.
Quorum is a blockchain-based infrastructure based on Ethereum and created specifically for the financial sector. All developments made by the community for the Ethereum network can be applied when creating a private blockchain on Quorum.

We hope that one day, all of these amazing technologies will unite to improve the world economy together.

Dominik Swierkot | CMO @ Ferrum Network

Get ready! NetVRk’s highly anticipated land sale is coming soon! By owning land inside NetVRk you are free to build, create and customize whatever your mind can imagine in the most advanced VR play to date!

From conducting virtual business meetings to having a place to hang out with long distance friends to building a virtual NFT/Art gallery and so much more, NetVRk is truly limitless.

These NFT infused properties will include unmatched utility and exclusive benefits in order to ensure that your land grows in value over time. Don’t miss out!

Ferrum Advisory Services: NetVRk Land Sale

#NETVRK #NTVRK #VR #CRYPTO