What is NvirWorld (NVIR)?
NvirWorld is a hybrid layer 2 NFT platform which provides creators and collectors with the capability to buy, sell, trade, and discover rare digital items such as artworks, collectibles, webtoons, music pieces, and virtual worlds. It acts both as an auction house and a flourishing virtual environment. The NvirWorld system is composed of three main components:
- NFT Marketplace;
- N-Hub (DeFi Synthetic Asset Exchange);
- Nvirland (a Metaverse game).
NvirWorld stands out from other NFT marketplaces in that it runs various initiatives through NFT auctions and donations, which involve people from all corners of the globe. This approach has its advantages, such as making NFTs more accessible to users worldwide and offering digital services unavailable elsewhere.
Besides, the platform offers a P2E gaming atmosphere where participants can access the dynamic digital environment, blockchain technology, and NFTs. Individuals have the opportunity to explore, acquire, battle against opponents, nurture their characters (Adian), and live in this virtual world. People are also able to learn about different digital technologies intuitively while enjoying the digital universe.
The NVIR token is the native utility and governance asset of the platform. On the live NvirWorld price chart above, you can find the current NVIR price.
Use Cases of NVIR Tokens
For starters, NVIR coins can be used for staking. By staking, users can gain access to stablecoins on N-Hub, which they can use for synthetic assets and investments. NVIR stakers are also rewarded with more NVIR tokens.
Also, NVIR tokens are used as a means of payment in the NFT Marketplace. There are no service fees when purchasing NFTs using NVIR tokens.
Moreover, NVIR crypto assets act as an in-game currency of the Nvirland game.
Lastly, the token serves as a governance token. NVIR holders get voting rights when it comes to making significant decisions for the future of the platform.
Don't forget to check the NvirWorld price chart above. It features the movements of the NVIR price, which is useful when making a price analysis.
Who Founded NvirWorld?
Leo Kim and Benjamin J. established NvirWorld towards the end of 2021 (with a genesis date of November 5, 2021). Leo has previously worked in electronics development and research with big companies such as Samsung Electronics and Agere Systems. As for Benjamin, he is well-versed in global marketing and strategy.
Another important person in the leading NvirWorld team is Leonard Bang. He serves as the CTO at NvirWorld. Leonard formerly headed Nexon USA Korea's development team, was Chukong Technology Joint Venture CEO, and gained experience from such companies as NCSoft, Nexon, and Kakao Games Project Majority Operation.
NVIR Tokenomics
The max supply of NVIR tokens is 10,7 billion. The supply was distributed in the following way:
- 15% set aside in a reserve;
- 5% sold during a private sale;
- 20% offered during a token sale;
- 30% allocated to the reward pool;
- 20% given to an ecosystem fund;
- 5% dedicated to the community;
- 5% given to the team.
As the supply of NVIR is fixed, no more than that amount of tokens can ever be minted. This might reflect positively on the NVIR price in the future.
