NetVRk is delighted to announce our partnership with RioDeFi. RioDeFi is a blockchain technology company that provides solutions for interoperability, security, and scaling. NetVRk’s virtual reality platform will benefit by using RioDeFi’s blockchain technology and products, to create a better user experience along with more opportunities for adoption.

RioDeFi offers a suite of products built on Polkadot, including RioChain and RioWallet. RioWallet allows users to convert fiat via bank account or credit card directly to cryptocurrency, which can then be used to stake, swap, trade, and borrow. RioChain is an innovative dApp ecosystem, that rewards dApp developers with 20% of the RFUEL transaction fees generated.

In addition to the strategic partnership, RioDeFi will also be taking an investment position in NetVRk. RioDeFi has previously invested in such projects as MANTRA DAO, LABS, and Lepricon. RioDeFi will also be making an appearance with their own land in NetVRk’s virtual world.

NetVRk’s Chief Marketing Officer, Daniel Kennedy:

“The team at RioDeFi brings great products, and deep knowledge in regards to crypto and interoperable DeFi solutions. We look forward to working with them and bringing added utility to our users.”

James Anderson, CEO, RioDeFi:

“We are thrilled to be joining the NetVRk ecosystem as an investor and technology partner. Combining RioChain’s interoperability, speed, and low gas fees with their high-quality virtual worlds and income-generating NFTs will raise the bar in terms of what’s possible for user-generated content creation and income-earning opportunities in the digital age.”

About RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.

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About Netvrk

Netvrk is an immersive metaverse that empowers users with robust creation tools and a versatile infrastructure, enabling them to seamlessly craft, share, engage with, and monetize their digital masterpieces. Anchored in the realms of gaming, education, and virtual workplaces, Netvrk fosters a vibrant ecosystem centered on the ownership and exchange of virtual land and assets.

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