Printed: January 19, 2024 at 2:28 pm Up to date: January 19, 2024 at 2:28 pm
Crypto-powered metaverse platform NetVRk formally launched its anticipated token swap – transitioning from $NTVRK to $NETVR.
Additional, NetVRk is making issues easy and simple for customers by making a bridge between the Polygon and Ethereum blockchains. This bridge helps completely different components of the blockchain work collectively seamlessly, so customers can take pleasure in a easy expertise regardless of which blockchain they’re utilizing.
Explaining the intent behind the rebranding, Mike Katseli, founder and CTO at NetVRk advised Metaverse Submit, “We’ve determined to rebrand our firm, and all of it boils all the way down to readability. We would like folks to immediately perceive what NetVRk represents. You see, the brand new identify is fastidiously thought out. At first look, it spells ‘community.’ It’s about our dedication to connectivity, which is prime in at the moment’s world. However right here’s the twist: while you look nearer, you’ll discover the VR letters in capitals. That’s the place the magic occurs. Out of the blue, it reads as ‘net-vr-k,’ a refined however highly effective nod to our major concentrate on the charming realm of digital actuality.”
“The ticker identify modifications from $NTVRK to $NETVR is not only about aesthetics, it’s about emphasizing that our token is on the forefront of the VR metaverse,” he added.
The declare web page for the token swap is now open to NetVRk token holders and former NTVRK holders can declare their new $NETVR token with none charges by way of the corporate’s declare portal, accessible on each Ethereum and Polygon networks.
“We’re devoted to enhancing person experiences and neighborhood engagement. Our beneficiant two-year declare portal ensures ample time for everybody to seamlessly take part within the token swap,” mentioned NetVRk’s Katseli.
Moreover, NetVRk has launched an upgradeable sensible contract to place energy immediately into the arms of its neighborhood. Within the occasion of safety breaches or cases of unfair gaming practices, neighborhood members now can take swift motion. By means of a easy and environment friendly reporting mechanism, customers can set off actions akin to blacklisting wallets or freezing proprietor tokens.
In keeping with NetVRk’s founder Mike Katseli, “This characteristic serves as a collective policing mechanism, making certain the utmost equity, integrity, and safety throughout the $NETVR ecosystem.”
NetVRk’s Collaborations and Future Plans
The corporate has joined forces with KuCoin and MEXC to boost accessibility and liquidity for its $NETVR token. “The goal is to seize the eye of a broader viewers, drawing extra eyes and inspiring energetic engagement within the swap,” mentioned Katseli.
NetVRk additionally adopts a forward-thinking strategy by protecting its $NETVR token on each Ethereum and Polygon blockchains, providing customers simple accessibility. Whereas Ethereum serves because the birthplace of authentic NFTs, Polygon contributes with decrease transaction charges and a wider person base.
Moreover, plans are in place to assist the Avalanche blockchain, following the newest DAO proposal, reflecting NetVRk’s technique to increase its presence throughout a number of blockchain networks.
“Within the upcoming alpha launch, we’re unveiling groundbreaking A.I. NPC know-how that shall be accessible for neighborhood testing. Our AI achieves unparalleled response occasions, due to a proprietary server and engine communication resolution, offering a novel aggressive benefit,” NetVRk’s Katseli advised Metaverse Submit.
“Past prompt interactions, we’re advancing Emotional Intelligence (E.I.) to create human-like connections. In contrast to present options, our A.I. understands and shops your feelings, fostering deep connections and actual relationships,” he added.
NetVRk’s formidable plans prolong to the “Creation Engine,” permitting customers to design video games, interactive studying experiences, and enterprise simulations effortlessly. Because the platform gears up for its Alpha launch and embraces new blockchain partnerships, the corporate is working to place itself as a number one power within the evolving crypto-powered metaverse panorama.
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About The Writer
Kumar is an skilled Tech Journalist with a specialization within the dynamic intersections of AI/ML, advertising know-how, and rising fields akin to crypto, blockchain, and NFTs. With over 3 years of expertise within the business, Kumar has established a confirmed observe report in crafting compelling narratives, conducting insightful interviews, and delivering complete insights. Kumar’s experience lies in producing high-impact content material, together with articles, reviews, and analysis publications for outstanding business platforms. With a novel ability set that mixes technical data and storytelling, Kumar excels at speaking advanced technological ideas to various audiences in a transparent and interesting method.
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Kumar is an skilled Tech Journalist with a specialization within the dynamic intersections of AI/ML, advertising know-how, and rising fields akin to crypto, blockchain, and NFTs. With over 3 years of expertise within the business, Kumar has established a confirmed observe report in crafting compelling narratives, conducting insightful interviews, and delivering complete insights. Kumar’s experience lies in producing high-impact content material, together with articles, reviews, and analysis publications for outstanding business platforms. With a novel ability set that mixes technical data and storytelling, Kumar excels at speaking advanced technological ideas to various audiences in a transparent and interesting method.
