KuCoin AMA With Netvrk — A Truly Decentralized Metaverse Where Users Can Create and Monetize Content
Dear KuCoin Users,
Time: November 5, 2021, 14:00-15:06 (UTC)
Netvrk is a metaverse built on the blockchain that allows users to monetize their creations via NFTs and Virtual Land.
Official Website: https://netvrk.co
White Paper: https://whitepaper.netvrk.co
Daniel “Dan” Kennedy — Chief Executive Officer of Netvrk
Q&A from KuCoin
Dan: Hello! Great to be here! Thanks for having us!
Glad to share our project with the world. The metaverse is a big deal these days, and we're excited to share our vision.
Q: Can you give us a brief overview of what Netvrk is as a project?
Dan: Sure. Netvrk is a metaverse built on the blockchain, utilizing Unreal Engine. We are a multichain metaverse, which will be supporting and integrating 8 major blockchains, with more to be added. Utilizing blockchain technology, especially NFTs, will allow us to create a truly universal metaverse that is decentralized.
Q: What are Netvrk's goals?
Dan: Our goals for Netvrk include creating a truly decentralized and interoperable metaverse, where users can create their own assets and monetize them.
We're excited to be building a metaverse that focuses on business, education, gaming, and socializing.
Q: What will users be able to do in the metaverse?
Dan: Users can do a multitude of things in the metaverse relating to all of the above-aforementioned activities.
The ability to create their own assets, games, and experiences and monetize them via NFTs is a true game-changer. This will allow everyone to produce content for the metaverse.
We liken ourselves to the YouTube of the metaverse, giving people the ability to produce and monetize content.
Q: What sets Netvrk apart from the competition?
Dan: Netvrk is a true metaverse, supporting multiple blockchains, and has a wide scope of uses.
Being built on Unreal Engine allows us a very high level of engagement and interactivity, as well as high-level graphics and immersion.
Here's a table comparing Netvrk to the 'competition.'
As you can see, there isn't much of a competition. Netvrk dominates in all areas relating to the metaverse.
Q: How will users be able to access Netvrk?
Dan: Users can access Netvrk via PC, with VR headsets being supported as well. We will also have mobile support in the future.
Q: What is the most innovative aspect of Netvrk?
Dan: Netvrk allows users to intuitively create assets in Unreal Engine without specialized training.
The use of Virtual Land in the Netvrk Metaverse allows users to have a claim in the metaverse, enabling them to receive a portion of NFT royalties and Marketplace fees. It also grants users the ability to vote and have a say in the Netvrk DAO via governance.
The fact that we are creating a metaverse that is truly decentralized and allows users to create and monetize content is the biggest innovation.
Free-Ask from KuCoin Community
Q: What is the best way to follow all your upcoming news and updates? What are your plans for the coming future?
Dan: The very best way to stay on top of our latest news is via Twitter, Telegram, and Medium.
Q: Metaverse may be called the new generation of Internet or the next generation of Internet. The concept of metaverse and GameFi has emerged. The market is fiercely competitive and the survival of the fittest. Can you bring us surprises? What are the differences with others?
Dan: We are changing the game. We are not simply another metaverse project with limited gaming and socializing capabilities but rather a powerful platform that allows users to engage with their favorite projects, companies, and brands.
Our ability to bridge the real world with the virtual starts with our E-commerce layer that enables E-commerce purchasing via NFTs.
Netvrk is a multichain metaverse that not only allows people to own their content but gives them the ability to create their content and then monetize it.
In the same way, YouTube changed TV forever, so will Netvrk.
We are giving people the tools to earn a living in the metaverse.
Q: What achievements have been obtained by the project? Are there any unfulfilled achievements in the past year?
Dan: We've sold over $17 million in NFTs in the last two months alone.
This includes our Virtual Land NFTs, which are limited to only 15,000 parcels, and our Transport NFTs, which are designed by world-famous designer John Park, who is known for his work on movies including Star Wars, Planet of the Apes, Avatar sequels, and many more.
We continue to add partnerships to our metaverse, and these include both crypto and real-world companies.
Our Virtual Land NFT sale has broken multiple records on several launchpads and platforms, seeing incredible demand, with most selling out in seconds.
Q: Without proper marketing and capital infusion, the project dies. How do you convince us you have adequate marketing power and capital to push this project to the top?
Dan: $NTVRK is the native token for the Netvrk Metaverse. It's used to purchase Virtual Land, NFTs, and to mint assets and purchase assets.
It will also be used to pay to access other users Virtual Land, games, and experiences.
$NTVRK can be found on KuCoin and Uniswap.
Q: Does NetVRk bring a metaverse value for the future or only a temporary trend?
Dan: The metaverse is here to stay.
We believe the metaverse will be as disruptive as the internet itself. With the perfect storm of blockchain tech, Web 3.0, and Unreal Engine, we have the ability and the vision to create a truly comprehensive and engaging metaverse platform for everyone to enjoy.
The fact that Facebook has rebranded itself as a metaverse should tell you something. The difference is that we are decentralized and free.
Q: Why not SAND?
Dan: SAND is a great proof of concept, but unfortunately, it is severely limited by its architecture and scope.
That said, Netvrk is a big leap in terms of capabilities and functionality in the metaverse. We have the proper infrastructure, platform, team, product, and vision, to become the number one metaverse in the world.
People are already realizing the great potential of a 'true' metaverse such as Netvrk.
We have many big partners from real-world companies that are working with us to bring their brands into the metaverse. Those that are early adopters will benefit the most.
Q: Can you explain how your tokenomics distribution is? How many tokens will be minted, and how many tokens will be locked by the team?
Dan: Our tokenomics: tokenomics.netvrk.co
Q: Is there anything else you would like to share or you want us to know?
Dan: Join our Telegram for the latest news!
Thanks for having us!
KuCoin and Netvrk have prepared a total of 400 NTVRK to give away to AMA participants.
1. Free-ask section: 75 NTVRK
2. AMA activity: 385 NTVRK
Activity 1 — Quiz: 300 NTVRK
Activity 2 — Price Guess: 60 NTVRK
Participation Rewards: 25 NTVRK
. . .
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