Netvrk
Crypto Overview
Overview and Intended Utility
Netvrk is a metaverse platform built on the Ethereum blockchain that aims to provide a virtual world where users can create, share, and monetize virtual experiences. The NTVRK token serves as the primary utility token within the ecosystem, used for purchasing virtual land, assets, and services.
Business Model Assessment
The platform allows users to own virtual real estate, develop properties, create games, and participate in various virtual activities. Revenue is generated through asset sales, marketplace fees, and virtual land transactions. The business model appears transparent and does not inherently involve prohibited activities.
Real-World Adoption Analysis
Current adoption metrics show limited real-world usage compared to the project's ambitious goals. While the platform has released some basic features, the full metaverse functionality remains under development. On-chain data shows relatively low transaction volumes outside of speculative trading.
Development Activity
Development activity appears sporadic based on public GitHub repositories. While updates are being made, the pace of development has been slower than initially projected in their roadmap.
Token Distribution and Vesting
Token distribution shows a significant portion allocated to the team and early investors, with vesting schedules in place. The total supply is 200 million NTVRK tokens, with approximately 25% allocated to the founding team and advisors. Vesting periods appear reasonable, extending over several years.
Marketing vs Development
The project maintains an active marketing presence on social media, but technical development updates have been less frequent. This imbalance raises some concerns about prioritization.
Crypto Impact
To assign a comfort level investing in Netvrk from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Netvrk.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.