What is Netvrk (NTVRK)?
NTVRK is the native token of Netvrk, which is a vibrant and immersive multi-chain metaverse that supports gaming, entertainment, education, and social experiences that can be assessed from smartphones, personal computers, or virtual reality gadgets. In essence, it provides users with a virtual world full of crypto-based games, non-fungible tokens (NFTs), online shopping, concerts, parties, and much more.
Check out the Netvrk price chart displayed above if you care to see the live NTVRK price.
NETVRK is a good solution for brands and organizations interested in tapping into the amazing opportunities of the Metaverse. Creators who seek to monetize their content are also welcome on the NETVRK metaverse. Besides, the user-friendly interface of the platform gives its users a fun and casual way of shopping, socializing with other users, and enjoying premium entertainment.
The NETVRK metaverse is divided into 5 districts called the Genesis Islands. Users can buy and own virtual NFT lands in these districts. These lands can be used to build personal spaces and commercial spaces like shops, bars, concert venues, and more. Landowners can also monetize their virtual properties by putting them up for rent or hosting virtual billboards for advertisements.
Another interesting feature of the NETVRK metaverse is the biomes classification. The NETVRK landscape has 12 special biomes across five districts. Each biome has unique creatures, climates, trees, and landscapes. Some of these biomes include Tropical, Grassland, Marine, Swamp, Alien, and others.
Additionally, NETVRK allows users to create private metaverses for exclusive communities, brands, and companies. Admission to these private metaverses is invite-only or monetized by their owners.
Who Founded Netvrk?
NETVRK was founded by Michael Katseli and Linus Chee. Both men are experienced in blockchain technology, game development, and cryptocurrencies.
Use Cases of NTVRK Tokens
As mentioned before, NTVRK is the native token of the NETVRK metaverse. It is an Ethereum-based ERC-20 token.
Primarily, NTVRK tokens are used as means of payment. All transactions that take place within the NETVRK metaverse are paid in NTVRK coins. From owning lands and assets to minting and selling NFTs, the NTVRK crypto token is the only accepted form of payment.
Moreover, Netvrk tokens are used as governance tokens. This means that, as a holder, you can vote on various proposals that determine the future development of the Netvrk crypto project.
Lastly, you can stake your NTVRK tokens to get rewards. The rewards include NETVRK reserve distributions, airdrops, exclusive NFT drops, and much more.
Interested in buying Netvrk coins? Before doing that, make sure to analyze the current and the previous NTVRK price. You can do that on the aforementioned Netvrk token price chart.
NTVRK Tokenomics
The maximum supply of NTVRK tokens is 100 million. 12.5% of the supply was reserved for the team, 20% for the community, 20% for staking rewards, and 7% for private and seed sales each. Furthermore, 6% was allocated for marketing purposes, out of which 5% is used for running day-to-day operations. The remaining portion was dedicated to advisors, public sales, and exchange liquidity. To maintain NTVRK price stability, these allocations have strict unlock and vesting schedules.
