NetvrkPrice

(NETVR)

The migration occurred to enhance security following past incidents, remove bot-held addresses from the initial launch, and establish a more secure, upgradeable smart contract. Holders of the legacy $NTVRK token can swap to the new $NETVR token at a 1:1 ratio using the official Netvrk Claim Portal. The portal is scheduled to remain open until January 16, 2026. The new token is available on both the Ethereum and Polygon networks, with an official bridge available for cross-chain transfers.

$NETVR serves as the primary governance and ecosystem token for the Netvrk metaverse. It is used to purchase virtual assets such as Land, vehicles (transports), avatars, and buildings. Additionally, it can be used to acquire "NetVRk Coins," which is the stable in-game currency used for specific items like tools in "Mine Runner." To lower the barrier for non-crypto users, the project also supports credit and debit card purchases for certain assets, integrating fiat options alongside the native token utility.

The ecosystem utilizes a multi-layered economy to balance governance and gameplay. $NETVR is the main ecosystem and governance token used for major asset purchases. NetVRk Coin is a stable in-game currency, purchasable with $NETVR or fiat, used for transactional items like tools and equipment. Energy is a non-tradable resource earned through active gameplay and participation within the metaverse, used to perform specific in-game actions. Together, these elements facilitate a robust economy that rewards engagement and supports various user interactions.

No, a VR headset is not required to participate. While Netvrk is built using Unreal Engine 5 and optimized for virtual reality experiences, the alpha and initial releases are fully accessible on PC (Windows). The development roadmap includes plans for future support of mobile devices and various VR headsets. Players can explore different thematic districts—including Adult, Business, Education, Entertainment, and Creative zones—or engage in play-and-earn games like "Mine Runner" using standard PC hardware.

Staking is available for both the $NETVR token and Netvrk NFTs, such as Land and Transports. Rewards are funded by the "Netvrk Reserve," which accumulates fees from marketplace transactions and land sales. To ensure a healthy ecosystem and prevent inactive wallets from diluting rewards, some pools include "participation requirements." This may involve interacting with the metaverse or claiming rewards periodically. Rewards are often distributed in the same currency they were collected in, providing a direct link between ecosystem activity and staker incentives.

Yes, Netvrk remains active with ongoing development. The project successfully resolved a legal dispute in 2023 against a former marketing lead, regaining control of its digital infrastructure and misappropriated assets. Current development focus includes the AI NPC Alpha, featuring interactive characters, and the Creation Engine, which allows users to build their own worlds. The recent token migration further secured the project's foundation. Users should ensure they are using the official contract addresses on Ethereum or Polygon to interact safely with the ecosystem.