Introducing Virtua (TVK): NFT Collectibles and Virtual Reality

In an increasingly digital era, physical objects are not the only items holding real value, be it emotional or economic. These days, video games, crypto tokens, movies, and even digital art can share the same value as a real item. The world of Virtua explores an innovative approach to non-fungible tokens (NFTs), virtual reality (VR), and digital collectibles, all while redefining the future of digital ownership and entertainment. This article will examine Virtua’s immersive ecosystem and how it bridges the gap between traditional collectibles and the digital age.

Source: https://blog.virtua.com/virtua-news/terra-virtua-to-rebrand-as-virtua/

What is Virtua?

Virtua is a cross-platform NFT ecosystem that allows users to trade and interact with digital objects in an immersive way through AR (augmented reality), VR (virtual reality), and mobile. It provides a marketplace where NFT creators and traders can interact. With Virtua, users can enjoy social, gaming, and creative experiences with other Virtua users, fully enabled by the Ethereum blockchain.

Users can interact with Virtua through several methods. With the 3D platforms for PCs and mobiles, users can interact with their collections. While interacting with digital collections, the 3D platform allows users to invite friends and customize many functions.

History of Virtua

Virtua was founded in 2017 by co-founders Gary Bracey and Jawad Ashraf. Gary Bracey, the chairman, has more than 35 years of experience in the game industry. He was also the Vice President of Ocean Software and commercial director at Kuju Entertainment and has held other executive positions in several corporations. He also founded Digimask, one of the first companies to pioneer VR development for entertainment.

Jawad Ashraf, on the other hand, serves as the CEO. He is an entrepreneur with expertise in engineering, strategic planning, project leadership, and business development, with over 30 years of experience operating and investing in startups. Other members of the Virtua team include COO Doug Dyer and CSO Jeff Holmberg.

Since its development, Virtua has partnered with several big names across several industries in gaming and entertainment. These include working as an official NFT provider for @melbourneswest/paramount-pictures-turns-to-blockchain-technology">Paramount Pictures and Legendary Entertainment, and also working with Unreal Engine, Unity, Polygon, Arkane Network, etc.

How Does Virtua Work?

Virtua was designed to take non-fungible tokens (NFTs) to the next level, and its NFT ecosystem works across multiple platforms, featuring a marketplace website alongside apps for PC and mobile, and also augmented reality (AR) and virtual reality (VR) environments.

Virtua leverages the advanced scalability and security of the Polygon blockchain network. The network originally launched on Ethereum, but its developers quickly found other alternatives to improve its performance. Polygon is a layer 2 Ethereum scaling solution that remarkably reduces gas fees and increases transaction throughput. Currently, the Virtua system is fully synced with the Ethereum and Polygon blockchains.

The Virtua ecosystem also leverages blockchain technology with its native ERC-20 token, TVK, as its native cryptocurrency, enabling all the assets on its marketplace to be easily transferable across various projects and blockchains. It is also secured by the proof-of-work consensus mechanism on the Ethereum blockchain.

The token will also be supplemented by a smart contract called the Virtua Wrapper Smart Contract to improve its overall system stability and throughput. The smart contract provides faster transaction processing for all Virtua assets, and the network is designed to connect with and exchange data with other blockchains. As a result, users and developers can access other blockchain networks without integrating directly with each side chain.

Main Features of Virtua

The Virtua platform combines cutting-edge blockchain technology with virtual reality (VR), allowing users to showcase and interact with their digital treasures in stunning, immersive environments. Virtua also fosters a vibrant community where gaming and NFT enthusiasts can engage, trade, and even create their own NFTs, making it a dynamic hub for collectors and creators alike. Virtua offers a plethora of exciting new features, some of which include the following.

Virtua Metaverse

Virtua launched its metaverse in July 2023 with the land sale mint event for Cardano Island on Virtua Prime, the first planet in the Virtua Metaverse. Users can access the Virtua Metaverse with no additional downloads required. Later, they can access it via the mobile app and VR. With these features, users will be able to access the Virtua Metaverse with total freedom of choice.

Everyone is welcome to join the Virtua metaverse, regardless of location or how many TVK tokens they own. When creating a Virtua account, you also get a free VFlect robot to use as your default metaverse avatar.

Virtua Marketplace

The Virtua marketplace provides users a secure area to trade their tokens. Some of their partners, including Paramount Pictures and Legendary Entertainment, have listed their NFT artworks on the platform, with some of the most notable ones including Godfather, Godzilla vs. Kong, Pacific Rim, etc.

Source: https://marketplace.virtua.com/marketplace

When you trade on the Virtua Marketplace, they charge you based on the type of sale. Virtua’s sales are categorized as primary sales, while items sold by users on the marketplace are considered secondary sales. Virtua’s marketplace also accepts fiat payments through credit cards.

Virtua also created its own digital characters called vFlects. These characters can be traded on the market and vary by rarity and design.

Virtua’s Games

Source: https://play.virtua.com/

The Virtua Games Network is a next-generation network offering a novel world to gamers. With Virtua Games, users can discover and play new games and unlock new experiences in their own interactive metaverse Gamer Lounge. No high-spec gear is needed to play games on Virtua, and the platform is full of challenging yet easy-to-play games.

Source: https://games.virtua.com/jetpack/v2.2/index.html

Gamers can play games like the Jetpack Hyperleague, an endless runner game, as they navigate their Vflect as far as they can through a futuristic setting. The game features single-player and multi-player game modes, and gamers can see where they rank among others on the leaderboards. Other games include the Metaverse Football League, and the Battle for Virtua Prime, where gamers assemble a squad of Vflects to defend their home from the evil Dflects.

Virtua Island Land Sale

Virtua Island is the center of the Virtua Metaverse and is divided into several experience zones, including Monster, Mech, Battlefield, Gamer, and more. All plots of land will be split into various sizes, including small, medium, large, and giga. There are 3 city zones with over 10 thousand plots each, 5 edge zones with 5 thousand regular plots and 2 giga plots each, and 8 condo towers with up to 1000 condos each.

Source: https://cryptonews.com/news/virtua-expands-its-metaverse-with-launch-of-monster-zone.htm

The first area for sale on Virtua Island is the Monster Zone. It features unpredictable surprises in the gloom and darkness as travelers tell stories of vast mythical beasts, hidden rewards, and treasure buried under the soil and swamps. Owning a plot of land or condo in the edge zone bordering the Monster Zone is one of the most prestigious status indicators an inhabitant of Virtua can achieve.

What is TVK?

TVK (Virtua Kolect) is the native utility token of the Virtua platform. It is an ERC-20 token and is used to carry out various tasks on the platform. Users can stake their TVK tokens to participate in the Virtua Prestige Club and earn rewards, airdrops, previews, and other bonuses. They can also use TVK tokens to farm for exclusive pools and tradable NFTs.

Virtua’s fundraising strategy was strategically designed to reward long-term supporters. The seed round was accessible to those who had been steadfast Virtua enthusiasts and investors in previous years, as well as their close contacts. The private round extended invitations to strategic investors in both the crypto and collectibles ecosystems, a move aimed at securing marketing support and forging valuable connections to boost business growth.

TVK Tokenomics

TVK has a total supply of 1.2 billion tokens, a market cap of over $20 million and a current circulating supply of 1.07 billion. It was distributed as follows:

• 37% was allocated to investors
• 7% was reserved for business development
• 20% went into the ecosystem reserve
• 20% was allotted to marketing
• 16% went to the Virtua team

News on TVK

Virtua hosted a Virtua Hyper Growth campaign on October 9, 2023. Virtua seeks to create a Layer 1 blockchain that is ultra-low-cost and supports microtransactions. This blockchain will be focused on billions of entertainment consumers. It will be designed by Virtua from the ground up, and they will base their technology approach on their vast experience working with games, entertainment and brands. The broader focus of this development is to bring billions of consumers to web3.

Since they want the Virtua community to be involved and support this development, TVK holders staking a minimum of 50,000 TVK were invited to a vote running from October 9th till October 20th. The results of the vote were released on the 21st, and the Virtua community was in full support of the development. As such, stage two of the Hyper Growth campaign has since been initiated.

Is TVK a Good Investment?

As the digital realm continues to evolve, Virtua stands out as a trailblazer, harnessing the power of blockchain to create a dynamic and interactive platform that bridges the gap between entertainment, gaming, and collectibles. However, it must be noted that the cryptocurrency market is quite volatile, so every investor is advised to do extensive research and consult qualified financial professionals before investing in SDN.

That being said, Virtua is primed for exciting developments in 2023. The Metaverse Web Game Hub is set to emerge as a comprehensive hub, merging claims portals, the Resource Hub, and the Metaverse Marketplace into a single destination catering to all things Virtua metaverse. The introduction of vSpaces also ensures that every user, irrespective of property ownership, gains access to their personal virtual environment for NFT display. A groundbreaking Virtua Commerce launch, the Monster Lobby in the Monster Zone, and the intricate Virtua Hub are all in the pipeline, promising a dynamic and multifaceted metaverse for all users.

Take Action on TVK

TVK is available for purchase from both centralized and decentralized exchanges, including gate.io. Check the TVK price here and begin trading your favorite pairs.

• TVK/USDT
• TVK/ETH