Netvrk

Netvrk

 NTVRK

The majority of VR and AR adoption took place during the Covid-19 pandemic as more organizations shifted towards a “work-from-home” culture. While it’s good to see the adoption numbers rising and the market growing, there are still a few kinks preventing VR from going mainstream. A few of these include; the lack of user experience design, a high barrier to entry, and a lack of monetization options for industries to capitalize on. However, a blockchain project by the name NetVRk is trying to solve these issues by creating an ideal VR ecosystem geared towards it. Let’s learn what is NetVRk and how to buy NetVRk token with crypto.

What is NetVRk?

NetVRk is a blockchain-based project that seeks to offer a unique VR ecosystem that enables the creation and exploration of VR worlds for users at any level. The main goal of NetVRk is to offer a unique VR experience full of spatial VR universes, structures, and encounters. The best part is that NetVRk doesn’t require users to have any explicit abilities, experience, or knowledge of VR or 3D software. Users can simply participate in the digital experience as opposed to interacting with it through a monitor.

NTVRK Coin

NTVRK is NetVRk’s native token for the platform, based on the Ethereum Network. For those who utilize the NetVRk platform, there is an option to receive payments in any form of digital currency. However, transactions that utilize NTVRK will receive significantly lower fees than transactions using other cryptocurrencies. At the time of writing, the price of one NTRVK coin is $5.41. There is a maximum supply of 100,000,000 NTVRK coins with about 31,000,000 already in supply.

Key Features

Some of the key features of NetVRk include:

Smart Ownership

All platforms available in the NetVRk marketplace or uploaded by creators are presented with the NFT ERC721 token standard. This means that they contain the owner’s information within their metadata, therefore providing proof-of-ownership. Additionally, users are able to select the kind of ownership they want. The types of ownership include full ownership, partial ownership, and type of license.

Multi-Purpose Sandbox

NetVRk comes with a multi-purpose sandbox that will enable even the most inexperienced users with no prior knowledge in VR to create virtual worlds with ease. The sandbox will come pre-loaded with tools, functionalities, and VR structures to kick-start the creation process.

Decentralized Marketplace

The NetVRk marketplace allows buyers and sellers to connect directly. This reduces fees and increases the speed of transactions. Additionally, users will be able to trade or lease environments, universes, or creations using smart contracts in the decentralized ecosystem.

Reward System

NetVRk has incentivized a number of activities within the platform to make the whole experience more fun for users. Users who participate in the ecosystem will be rewarded for their activities and will be able to spend their rewards on services or products within the NetVRk ecosystem.

VR Market: What Problems Does NetVRk Solve?

Below we highlight some of the problems that hinder VR from going mainstream along with the solutions that NetVRk provides.

Problem 1: High Barrier to Entry

There are high standards and complex conditions for an average user when it comes to content creation. A user will require learning new skills and constantly updating old ones just to fit in. For instance, the cost for app creation is extremely high which discourages a lot of players from even trying to get into the market.

The Solution: NetVRk provides users with a sandbox environment whereby all the tools and functionalities required to get involved in VR are provided. Therefore, users can create VR applications without the need for prior programming or design knowledge. Of course, there is the provision of sophisticated technology for advanced developers and designers as well.

Problem 2: Lack of Monetization Opportunities

As reiterated earlier, the adoption of AR and VR has just started. Therefore, there isn’t a big user base as one would expect. Therefore, there are only a few ways in which mainstream industries can truly capitalize on VR. At the same time, there aren’t a lot of ways to monetize the activities within VR.

The solution: NetVRk does not only offer a myriad of ways to monetize VR, but it also rewards participation. Through it, businesses can create and sell custom VR environments. Advertisers can easily place ads within these VR environments to promote products or create service awareness. Additionally, content creators can easily create unique offerings that they can sell or lease to others for profit or income.

Problem 3: Lack of Quality Content

There currently is a lack of places to visit within the VR world. Therefore, there isn’t a ton of creations that users can really see or visit using VR. Thereby, most users might find using VR quite boring. In that same sense, a lot of people are afraid of purchasing VR headsets due to the limited amount of quality content available. For instance, there aren’t a lot of games that can be played on VR.

The Solution: NetVRk intends to solve this problem by introducing an unlimited number of unique and fully interactive VR worlds. It also intends to provide powerful creation tools for users. This will make it easy to create new VR worlds as soon as they join the platform.

Partners and Use Cases

Thanks to its unique solution to problems that plague the AR/VR market, NetVRk has attracted a lot of partnerships. Some notable names that NetVRk has partnered with include:

  • Apricot Finance
  • PolyDoge
  • InvestDex
  • Munch
  • OraiChain
  • Spakles

Some use cases of NetVRk’s token NTVRK include:

Buying Assets

You can use NTVRK tokens to purchase assets within the VR world that you are in. These assets include things such as buildings, houses, vehicles, etc. found within the NetVRk market.

Buying Land

You can also utilize these tokens to purchase or conduct a NetVRk land sale within the NetVRk VR world. You can do this in prime real-estate hotspots such as those overlooking the beach or those in front of the city.

Buying Advertising Space

You can use the tokens to purchase advertising space which can be utilized to generate passive income or be sold off to interested parties for a healthy profit.

Generating NFTs

You can utilize the NTVRK tokens to generate NFTs that can be used as a way of earning additional income.

Staking

Through staking NTVRK tokens, you can receive a fixed percentage of profits based on the number of NTVRK tokens you have staked in the network.

How to buy NetVRk with crypto?

To be honest, there is an unlimited number of exchange platforms that can help you buy NetVRk with crypto. However, a majority of these platforms require you to register and verify your identity first. However, with Swapzone, you can skip all the hassles of registration and get straight to exchanging NTVRK to BTC, or vice-versa.

Here is a step-by-step tutorial on how to do it:

  • Step 1. Launch Swapzone on your computer browser.
  • Step 2. In the “select pair” tab choose BTC as the coin that you wish to exchange to receive NTRVK.
  • Step 3. In the section “get up to” enter NTVRK.
  • Step 4. After you’ve entered these details along with the correct amount, Swapzone will provide you with a number of NTVRK exchange offers from the exchange platforms it has partnered with.
  • Step 5. Go through the different offers and select the one that you want.
  • Step 6. Once you’ve narrowed down an offer you want, select it and click on “exchange” to proceed.
  • Step 7. Do provide a wallet address to receive your NetVRk coins. You may also provide additional details if you so wish. Click on “proceed to exchange” to initiate the process.
  • Step 8. Once the transaction begins, it may take a while before your coins show up in your wallet. Just give it a few minutes.
  • Step 9. The process will finalize and you will receive your coins at your wallet address. After this, just take a moment to rate the experience and leave behind an honest review.

Popular pairs to convert Netvrk

Frequently asked questions

What is the Netvrk exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store Netvrk?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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