Netvrk allows users to create, share, and monetize their creations using an intuitive in-game editor, negating the need for any coding skills or special knowledge. The ability to create in-game assets — which can then be minted as NFTs — is as simple as using a drag and drop interface.
Users can buy, sell, and trade land, which is held in the form of NFTs. Transactions of these NFTs can be performed in-game or by using a third-party site such as Opensea.io. In addition to being able to rent, lease, or sell land, landowners can use an in-game toolset to modify their purchased terrain and build structures.
As the Netvrk metaverse develops, virtual land plots will serve as bases for users, where they can create, build, and deploy everything from storefronts for eCommerce, to self-made games, as well as interactive and educational experiences. In addition, users can use these spaces to host a social event, a company meeting, or an interactive demonstration.
Land ownership will also be used as part of the governance model for Netvrk, giving both a voice and governance rights to stakeholders. As a free and open society, Netvrk believes its community serves an important role in shaping the current state of its virtual world and its future.
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 AD SPACE
NTVRK 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 NTVRK token can be done via staking, which pays stakers a fixed percentage of profits based on staking their tokens in the network.
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