Elrond Network has recently announced that they are on the verge of collaborating with Social VR Platform Netvrk. They are planning to build a metaverse on the blockchain for education, entertainment, and business. Netvrk wants to build a metaverse mainstream for permitting the users to create, monetize, and share their creations leveraging NFT and virtual land.
Netvrk offers robust creation tools that will aid the average internet user to explore virtual spaces or plan to create one for their own. In this, advanced members will be able to create their connected apps and experiences. In addition, they will also get to monetize through the NFTs, ads, sale of land, and items.
The networks will coordinate the integration of the Elrond mainnet in the Netvrk ecosystem to mint NFT in their blockchain. Additionally, a segment of Netvrk token will mint as ESDT on blockchain Elrond to take part in DeFi on Maiar Exchange. Reportedly, Elrond will feature in the Netvrk metaverse enabling users to interact and visit Elrond virtual headquarters.
According to Elrond Network’s CEO, Beniamin Mincu, metaverse and virtual reality (VR) is the immediate logical step to engage in something beyond imagination and possibility. The setting of creative digital will act as a business, entertainment, and education enhancers. The same will anchor new experiences in the blockchain that will open opportunities for them to stay for a long time in the market. He is thrilled to connect with Elrond Network.
As per Netvrk’s CEO, Michael Katseli, Elrond has a unique approach to NFT. The same makes them economical to transfer, own, and mint. This will be an interesting venture for the user base. Netvrk wants to expand by including Elrond’s community and pace up the advancement of its ecosystem.