What is Netvrk (NTVRK)?

Quick Facts

  • Token: NTVRK (later swapped to NETVR)
  • Blockchain: Ethereum (ERC-20), also bridged to Polygon
  • Built on: Unreal Engine
  • Founded by: Linus Chee and Michael Katseli
  • Based in: Southern California, USA
  • Focus areas: Gaming, virtual land, NFTs, AI, e-commerce
  • Governance: NetVRk DAO

Introduction

Netvrk is a multichain metaverse platform that lets users create, share, and monetize immersive virtual experiences. Built on Unreal Engine, it blends gaming, education, e-commerce, and social interaction into a single interconnected digital world.

The platform positions itself as a community-first metaverse where users — not corporations — shape the direction of the virtual world.

History & Background

Netvrk was developed by Xmod Industries, a studio with expertise spanning gaming, virtual reality, AI, and finance. The project was co-founded by Linus Chee and Michael Katseli.

In 2021, the platform raised over $17 million through Virtual Land NFT and Transport NFT sales across multiple launchpads. In 2024, the team launched a token swap, transitioning the original $NTVRK token to a new $NETVR token, signaling an expanded focus on virtual reality (VR), extended reality (XR), and artificial intelligence (AI).

How Netvrk Works

Netvrk's ecosystem is built around virtual land ownership and user-generated content. Users can purchase land parcels, customize them with buildings and interactive elements, and monetize those spaces by hosting events or renting to others.

A Creation Engine allows anyone to design games, interactive experiences, and business simulations directly within the platform. The multichain architecture supports seamless cross-chain interactions across Ethereum and Polygon, enhancing scalability and accessibility.

AI-powered NPCs (non-player characters) are a standout feature — these characters have memory, emotional intelligence, and real-time voice responses, and can be owned as NFTs.

Tokenomics

The NTVRK token is the native ERC-20 utility token of the Netvrk ecosystem. It serves as the primary currency for in-platform transactions, including purchasing virtual land, avatars, vehicles, buildings, and AI companion upgrades.

Using NTVRK for transactions within the platform results in significantly reduced fees compared to using other cryptocurrencies. The token also powers subscriptions, game streaming access, and competitive GameFi wagering within the Game Arena.

The NetVRk Reserve acts as the financial arm of the ecosystem, while the NetVRk DAO governs key decisions through community proposals.

Circulating supply ? 100.00 million NTVRK
Total supply ? 100.00 million NTVRK
Max supply ? 100.00 million NTVRK
Updated 16h ago

Ecosystem & Use Cases

  • Virtual Land: Buy, sell, rent, or develop digital real estate
  • NFT Marketplace: Trade avatars, wearables, land, and AI companions
  • Gaming (Mine Runner): A play-and-earn game integrated with token rewards
  • Game Arena: Skill-based competitive multiplayer with token wagering
  • AI Companions: Purchasable AI characters usable as tutors or gaming partners
  • Game Streaming: Low-end device access to the metaverse via subscription

Team, Governance & Community

Netvrk is led by Linus Chee (Co-founder and CEO) and Michael Katseli (Co-founder and CTO/Founder). Chee brings experience in VR and gaming, while Katseli contributes blockchain and business development expertise.

Governance is managed through the NetVRk DAO, which allows token holders to vote on key ecosystem decisions — including blockchain integrations, such as the community-approved expansion to Avalanche.

Advantages

  • Unreal Engine foundation delivers high-quality, immersive visuals
  • Multichain architecture ensures flexibility and broad accessibility
  • AI-integrated NPCs offer a differentiated, emotionally intelligent experience
  • Diverse use cases spanning gaming, education, e-commerce, and socializing
  • DAO governance gives the community real decision-making power
  • Upgradeable smart contracts support long-term adaptability and security

Risks & Challenges

  • Competitive metaverse market with well-funded rivals makes differentiation difficult
  • Token migration complexity — the NTVRK-to-NETVR swap may create confusion or fragmented liquidity
  • Development execution risk — ambitious roadmap features depend on sustained delivery
  • Adoption dependency — platform value relies heavily on growing an active user base
  • Market volatility can impact the in-world economy tied to token prices

Long-Term Vision

Netvrk aims to become the leading crypto-powered metaverse, evolving into the next generation of the internet. The platform's roadmap includes expanding AI capabilities, launching full virtual land ownership, rolling out the Creation Engine, and integrating game streaming to remove hardware barriers.

By combining VR, XR, AI, and blockchain into a single ecosystem, Netvrk envisions a self-sustaining digital economy where creators, gamers, and businesses all thrive together.

Frequently Asked Questions

NTVRK is the native utility token of the Netvrk platform. It is used to purchase virtual land, avatars, AI companions, in-game assets, and subscriptions, while also enabling reduced transaction fees within the ecosystem.

NTVRK was the original token, which was migrated to the new NETVR token in 2024 to reflect an expanded vision toward VR, XR, and AI. Existing NTVRK holders could claim the new token through an official portal on Ethereum and Polygon.

Netvrk launched as an ERC-20 token on Ethereum and is also available on Polygon via a cross-chain bridge. The platform supports a multichain architecture to enhance accessibility and scalability.

Netvrk was co-founded by Linus Chee and Michael Katseli. Linus Chee brings expertise in VR and gaming, while Michael Katseli focuses on blockchain technology and business development. The company is based in Southern California.

Virtual land in Netvrk represents ownable digital real estate within the metaverse. Users can buy, sell, rent, or develop their parcels with buildings, interactive elements, and experiences, and monetize them within the platform or on third-party marketplaces.

The NetVRk DAO is the governing body of the metaverse, allowing token holders to vote on key ecosystem decisions. Community proposals can influence major platform changes, such as expanding support for additional blockchains.

Netvrk's AI NPCs feature emotional intelligence, long- and short-term memory, and real-time voice responses. These characters can be purchased as NFTs and used as companions, tutors, or gaming partners within the metaverse.

The Creation Engine is a built-in tool that allows users to design games, interactive learning experiences, and business simulations without advanced technical skills. It is central to Netvrk's user-generated content economy.