Crypto-powered Metaverse platform NetVRk has formally launched its anticipated token swap, shifting from $NTVRK to $NETVR.

Moreover, NetVRk creates a bridge between the Polygon and Ethereum blockchains to make issues easy and simple for customers. This bridge helps completely different components of the blockchain work collectively seamlessly, permitting customers to get pleasure from a easy expertise no matter which blockchain they’re utilizing.

Explaining the intent behind the rebrand, Mike Katseli, founder and CTO of NetVRk, instructed Metaverse Publish: We wish folks to rapidly perceive what NetVRk stands for. The brand new title has been rigorously thought-about. At first look, it’s spelled “community”. It's about our dedication to connectivity, which is key to at the moment's world. However right here's the punchline. Should you look carefully, you'll discover that the letters VR are in uppercase. That's the place the magic occurs. Immediately, it reads “net-vr-k,” a delicate however highly effective nod to our major deal with the fascinating realm of digital actuality. ”

“The ticker title modified from $NTVRK to $NETVR not just for aesthetic causes, but in addition to emphasise that our token is on the forefront of the VR metaverse,” he added.

The token swap declare web page is open to NetVRk token holders, and former NTVRK holders can declare new $NETVR tokens with out charges by way of the corporate's declare portal, which is offered on each the Ethereum and Polygon networks.

“We’re devoted to enhancing the consumer expertise and group engagement. Our beneficiant two-year billing portal ensures ample time for everybody to seamlessly take part within the token swap.” stated NetVRk's Katseli.

Moreover, NetVRk introduces upgradable sensible contracts to place energy straight into the palms of the group. Neighborhood members can now take quick motion within the occasion of a safety breach or unfair gaming exercise. Via a easy and environment friendly reporting mechanism, customers can set off actions akin to blacklisting wallets and freezing proprietor tokens.

In accordance with NetVRk founder Mike Katseli, “This function will act as a collective oversight mechanism to make sure most equity, integrity, and safety inside the $NETVR ecosystem.”

NetVRk collaboration and future plans

The corporate has partnered with KuCoin and MEXC to boost the accessibility and liquidity of the $NETVR token. “The purpose is to draw the eye of a wider viewers, entice extra consideration and encourage lively engagement within the alternate,” Cazzeri stated.

NetVRk additionally takes a forward-thinking method by holding $NETVR tokens on each the Ethereum and Polygon blockchains, making them simply accessible to customers. Whereas Ethereum serves because the birthplace of the unique NFT, Polygon contributes with decrease transaction charges and a wider consumer base.

Moreover, following the most recent DAO proposal, plans are in place to help the Avalanche blockchain, reflecting NetVRk's technique to increase its presence throughout a number of blockchain networks.

“In our upcoming alpha launch, we’ll unveil our groundbreaking AI NPC expertise, out there for group testing. Our AI delivers unparalleled response occasions because of our proprietary server and engine communication options, and our It supplies a aggressive benefit,” NetVRk’s Katseli instructed Metaverse Publish.

“We’re evolving emotional intelligence (EI) to maneuver past on the spot interactions and create human-like connections. Not like present options, our AI understands your feelings. , protect and foster deep connections and actual relationships,” he added.

NetVRk's bold plans prolong to its “Creation Engine,” which is able to enable customers to simply design video games, interactive studying experiences, and enterprise simulations. Because the platform prepares for an alpha launch and embraces new blockchain partnerships, the corporate is working to determine a number one place within the evolving crypto-powered metaverse panorama.

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Kumar is an skilled expertise journalist specializing within the dynamic intersection of AI/ML, advertising expertise, and rising fields akin to cryptocurrencies, blockchain, and NFTs. With over three years of expertise within the business, Kumar has established a confirmed monitor file in crafting compelling tales, conducting insightful interviews, and offering complete perception. Kumar's experience lies in creating high-impact content material, together with articles, reviews, and analysis publications for outstanding business platforms. With a novel ability set that mixes technical information and storytelling, Kumar excels at speaking complicated technical ideas in a transparent and fascinating method to various audiences.

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Kumar is an skilled expertise journalist specializing within the dynamic intersection of AI/ML, advertising expertise, and rising fields akin to cryptocurrencies, blockchain, and NFTs. With over three years of expertise within the business, Kumar has established a confirmed monitor file in crafting compelling tales, conducting insightful interviews, and offering complete perception. Kumar's experience lies in creating high-impact content material, together with articles, reviews, and analysis publications for outstanding business platforms. With a novel ability set that mixes technical information and storytelling, Kumar excels at speaking complicated technical ideas in a transparent and fascinating method to various audiences.