NetVRk Launches $NETVR Token Swap to Elevate Metaverse Expertise for Customers

by Kumar Gandharv

Revealed: January 19, 2024 at 2:28 pm Up to date: January 19, 2024 at 2:28 pm

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Crypto-powered metaverse platform NetVRk formally launched its anticipated token swap – transitioning from $NTVRK to $NETVR.

Additional, NetVRk is making issues clean 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 get pleasure from a clean expertise irrespective of which blockchain they’re utilizing.

Explaining the intent behind the rebranding, Mike Katseli, founder and CTO at NetVRk advised Metaverse Put up, “We’ve determined to rebrand our firm, and all of it boils right down to readability. We wish 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 key in right now’s world. However right here’s the twist: whenever 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 deal with the charming realm of digital actuality.”

“The ticker identify modifications from $NTVRK to $NETVR isn’t just 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 means of the corporate’s declare portal, accessible on each Ethereum and Polygon networks.

“We’re devoted to enhancing consumer 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 instantly into the palms of its neighborhood. Within the occasion of safety breaches or cases of unfair gaming practices, neighborhood members now can take swift motion. Via a easy and environment friendly reporting mechanism, customers can set off actions corresponding to blacklisting wallets or freezing proprietor tokens.

In line with NetVRk’s founder Mike Katseli, “This function 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 reinforce accessibility and liquidity for its $NETVR token. “The purpose is to seize the eye of a broader viewers, drawing extra eyes and inspiring lively 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 consumer base.

Moreover, plans are in place to help 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 instances, due to a proprietary server and engine communication resolution, offering a singular aggressive benefit,” NetVRk’s Katseli advised Metaverse Put up.

“Past immediate interactions, we’re advancing Emotional Intelligence (E.I.) to create human-like connections. Not like present options, our A.I. understands and shops your feelings, fostering deep connections and actual relationships,” he added.

NetVRk’s bold 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.

About The Creator

Kumar is an skilled Tech Journalist with a specialization within the dynamic intersections of AI/ML, advertising know-how, and rising fields corresponding to crypto, blockchain, and NFTs. With over 3 years of expertise within the trade, 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, studies, and analysis publications for outstanding trade platforms. With a singular ability set that mixes technical data and storytelling, Kumar excels at speaking complicated technological ideas to various audiences in a transparent and interesting method.

Extra articles

Kumar is an skilled Tech Journalist with a specialization within the dynamic intersections of AI/ML, advertising know-how, and rising fields corresponding to crypto, blockchain, and NFTs. With over 3 years of expertise within the trade, 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, studies, and analysis publications for outstanding trade platforms. With a singular ability set that mixes technical data and storytelling, Kumar excels at speaking complicated technological ideas to various audiences in a transparent and interesting method.