Originally published here.

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Netvrk, a social virtual world built on the blockchain, that enables users to create assets and mint NFTs seamlessly; focused on the Play to Earn model, as well as education and business, not just gaming. The AMA took place on May 19 and our guest was Dan Kennedy, Chief Marketing Officer on Netvrk.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello again Satoshi Club! We are happy to announce our AMA session with Netvrk! Welcome to Satoshi Club.

Andrés M. | Satoshi Club: @DDanielK welcome to Satoshi club, we are glad to have you here!

Dan K | CMO @ Netvrk: Hello nice to be here!

Mary | Satoshi Club: Dan, please, introduce yourself and tell us more about Netvrk.

Dan K | CMO @ Netvrk: I am Dan Kennedy the Chief Marketing Officer on Netvrk. I have a background in real estate and marketing, as well as the music and entertainment industry. I heard about Bitcoin around 2015 and it piqued my interest. Since then I’ve been hooked on crypto and am glad to see the crypto world has gained mainstream adoption.

Netvrk is a social virtual world built on the blockchain, that enables users to create assets and mint NFTs seamlessly. We enable virtual land ownership via NFTs, and are focused on the Play to Earn model, as well as education and business, not just gaming.

Mary | Satoshi Club: That’s interesting! We are big NFT fans here.

Dan K | CMO @ Netvrk: Great to hear! NFTs are the future, and we utilize them in many ways using the Netvrk platform. From NFT land ownership, to our NFT marketplace, we are looking to bridge the gap between real world commerce and virtual world commerce.

Andrés M. | Satoshi Club: Who are your designers?

Dan K | CMO @ Netvrk: We have many artists we will be featuring. Including BK The Artist, and world famous architect Stanley Felderman. Also Vapor95 who is also doing our merch. They have some very cool vaporwave aesthetic designs worth checking out.

Among the things we are most excited about, is our integration of AI via our partnership with SingularityNET, headed by world famous AI researcher Dr. Ben Goertzel. They developed the first AI citizen, Sophia. We will be utilizing their AI for user interactions as well as art creation.

Q1 from Telegram user @meml97

I read that one of the use cases of NetVRK’s token is for generating NFTs, can you tell us more about this feature? How can your token help us generate NFTs and how is the process for it? What kind of NFTs can be created? Also, what can we do with those generated NFTs in and outside the game?

Dan K | CMO @ Netvrk: Right, $NTVRK can be used to generate NFT’s in the sandbox editor, which can then either be put up for sale in our marketplace, or deployed on the user’s land. NFT’s can be anything from a building, to a user avatar accessory, to a vehicle. You can also sell the NFTs on a third party website such as OpenSea.io or NFTrade.com.

Mary | Satoshi Club: You will operate on ETH only?

Dan K | CMO @ Netvrk: We have Polygon as a second layer, and are also working on several interoperable solutions with Polkadot (Substrate), BSChain, and Cardano.

Mary | Satoshi Club: Wow, that’s cool! Does it mean that it is possible that in the future we will see your NFTs on that blockchains?

Dan K | CMO @ Netvrk: Yes, several have already announced NFT solutions on their chains.

Andrés M. | Satoshi Club: Are you planning to introduce more chains?

Dan K | CMO @ Netvrk: Yes. We believe in the very near future; it will all be interoperable.

Q2 from Telegram user @AugusS7

It is known that for Virtual Reality games certain equipment is required that transports you directly to that new world, will Netvrk need this equipment to be exclusive to a brand? or really any equipment is compatible with your services?

Dan K | CMO @ Netvrk: No you can access it via PC, headset is optional. Mobile support upcoming.

Mary | Satoshi Club: So, now your platform already working, right?

Dan K | CMO @ Netvrk: Our MVP will be released right after TGE.

Andrés M. | Satoshi Club: What kind of PC? PC gamer?

Dan K | CMO @ Netvrk: Any PC that can run an Unreal type game, our platform is based on the Unreal Engine as I’m sure you’ve read.

Q3 from Telegram user @surendra040

Netvrk has a partnership with UREEQA.io and will be implementing their NFT verification system for assets to protect the original creators. Can you explain more how does the verification system works and how will it keep safe from fake NFT and ensure the copyright of the content?

Dan K | CMO @ Netvrk: You can read about how their system works in detail on their website. We will be utilizing it to help artists and musicians protect their work from bad actors who seek to sell fraudulent NFTs.

Andrés M. | Satoshi Club: Do you have more current partnerships?

Dan K | CMO @ Netvrk: Yes, you can see our over 15 partnerships on our website, Netvrk.co. Some of our partners will have their own land and headquarters in Netvrk, including Bondly, VersoView, Poolz, Ferrum, TrustPad, Rage.Fan, Playcent, UREEQA, Kylin, and many others.

Dan K | CMO @ Netvrk: I don’t think of anyone as a competitor. Our predecessors did a great job laying the groundwork for virtual worlds, metaverses. But, the time has come for a more advanced platform that allows full user engagement. We look forward to giving users what they want, in terms of interactivity, detailed graphics, and things they are able to do.

Andrés M. | Satoshi Club: Does the platform support tools like oculus rift to have a complete immersion?

Dan K | CMO @ Netvrk: Correct. Major VR headsets including Oculus Rift and HTC Vive are supported.

Q6 from Telegram user @Pratze

Netvrk is a social VR platform on blockchain with tools to monetize their creation, also you create token name with NETVRK token. Can you mention what are the function of your token inside your platform? Do we possible to stake or farm that token?

Dan K | CMO @ Netvrk: $NTVRK, our native token, can be used to mint assets as NFTs as we discussed, and also used to pay for entry to live events, such as live music concerts, or activities. We will have several staking options available upon launch, with generous APY yields.

Andrés M. | Satoshi Club: So, could you share the tokenomics? How is the token distribution?

Dan K | CMO @ Netvrk: Our tokenomics: tokenomics.netvrk.co 100 million total supply. Ian Friend from Ferrum was instrumental in developing our tokenomics, and he is a veteran at choosing the right market cap, token prices, etc.

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram User @ibrahimfz

Is this your project only for elite investors, how about others with small funds, is it open to everyone?

Dan K | CMO @ Netvrk: Our project is only for elites, correct. Just kidding, our project is open to everyone 😆👍

Q2 from Telegram User @V1ct0r_26

NetVRk will have a big IDO event that you called “Trifecta”, could you share more information about this IDO? Why did you decide to have this event with three launchpads and how did you choose them for this? What are the expectations you are aiming to fulfill with this Trifecta? Also, do we still have time to join in?

Dan K | CMO @ Netvrk: Yes, the aptly named Trifecta, is our triple IDOs on Poolz, TrustPad and Bondly. Here is the IDO information: https://t.me/Satoshi_club/826959

Q3 from Telegram User @Josegamboac

“1 MILLION (1,000,000) whitelist entries for #Netvrk, in under 2 days”! This was posted in a recent tweet from Netvkr’s official twitter account. Why do you think you are being so successful today?

Dan K | CMO @ Netvrk: I think people recognize a great project when they see one. We’re very happy at the huge amount of positive attention Netvrk has received. The hardest part has been having to turn away people who want to invest in Netvrk. There is simply too much demand, and not enough supply. We are doing our best to accommodate everyone.

Q4 from Telegram User @Pratze

Can you share how to get Netvrk NFT? will you sell them in pack or we can buy in your NFT marketplace? is user possible to mint our own NFT?

Dan K | CMO @ Netvrk: Netvrk NFTs will be for sale on our own marketplace, as well as other venues. For our Bondly NFT Launchpad on May 21st, you can buy a limited edition Kate BCCG NFT, of only 300 total, via the Bondly website.

Holders of the NFT will be airdropped $NTVRK tokens. Read here for full info: https://netvrk.medium.com/netvrk-partners-with-bondly-nft-launchpad-may-21-2021-2c6f4f6674cf

Q5 from Telegram User @surendra040

I have read somewhere NETVRK is inspired by the interface of MMOEPGs in many ways. What are your plans to make it more easy and practical and do tou have any kyc requirement for your platform?

Dan K | CMO @ Netvrk: The platform will be open. Certain areas, such as our ‘mature’ red light district, will require KYC to access.

Q6 from Telegram User @mobilejii

Do you have community for non-English speakers?What are your plans to grow community and make strong?

Dan K | CMO @ Netvrk: Yes, we currently have a Japanese and Spanish language community, with plans to add more multilingual communities.

English Chat | English: https://t.me/NetVRk_Official

Spanish Chat | Espanol: https://t.me/netvrkespa

Japanese Chat | 日本の: https://t.me/netvrkjapan

Q7 from Telegram User @Xusuo

I read that Netvrk allows users to make and monetize their creations. Could you tell me what kind of creation that user possible to monetize in your platform? Does your platform also possible to create in gaming project?

Dan K | CMO @ Netvrk: Users can create assets and mint them into NFTs which they can then sell or deploy. Users can erect storefronts on their land and sell access or items / NFTs. Users can also build games or interactions, and then charge for access. Same concept for live event, music concerts, and private clubs.

Q8 from Telegram User @tatarrama

Our life is quickly becoming digital. In virtual reality, this has become a part of our digital life. How will NETVRK position itself in the developing virtual reality world?

Dan K | CMO @ Netvrk: We share the vision of real life merging with virtual life. We believe Netvrk is the perfect medium for this merging of worlds, and offers limitless possibilities for users and the world. I think pretty soon all cars and homes purchased will come with NFTs. When you buy sneakers, it will be through NFTs. We have just scratched the surface of possibilities with NFTs, especially with ecommerce.

Q9 from Telegram User @meml97

It caught my attention that I read on your website that NetVRk’s users will be able to make compelling VR content thanks to your platform’s unique multifunctional tools and editor, even if they don’t have any technical knowledge because of how user-friendly it is. Can you tell us more about it, how will this be possible? What makes them so user-friendly? Are these tools free or do we have to pay something in order to create VR content with them?

Dan K | CMO @ Netvrk: Our sandbox editor is intuitive and easy to use. It was created so that even a child could use it without much instruction. You can watch the video posted above to see it in action.

Q10 from Telegram User @Aqillaa

What is your progressive plan to ensure that project remain relevant and valuable in next 5 years?

Dan K | CMO @ Netvrk: Our platform has been in development for over 4 years. We will continue to develop it and insure the community grows organically. We have grand plans for the future of Netvrk, and are well positioned to see them to fruition.

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Netvrk. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

• English Telegram group: https://t.me/Satoshi_club
• Russian Telegram group: https://t.me/satoshi_club_ru
• Spanish Telegram group: https://t.me/satoshi_club_spanish
• Telegram Channel: https://t.me/satoshi_club_channel
• Website: https://esatoshi.club/
• Twitter: https://twitter.com/esatoshiclub