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The metaverse, an immersive digital world underpinned by blockchain, VR and AR technologies, is currently among the hottest topics in the crypto industry. A number of platforms, mainly in the gaming and NFT spheres, have risen to dominate this space. These include gaming environments like Decentraland (MANA), The Sandbox (SAND) and Illuvium (ILV), metaverse giants that are typically focused on one main game — although some platforms, e.g., The Sandbox, allow you to create your own custom games as well.
Virtua (TVK) is a major metaverse undertaking with a completely different approach: it’s a blockchain-based 3D digital world that acts as a comprehensive hub for all things related to crypto gaming. These include a variety of games, NFTs, NFT-based characters, gamer lounges, diverse land spaces and more. In short, Virtua provides an environment for users to play games, socialize and live their digital lives wholly immersed in a world of gaming.
Key Takeaways:
Virtua is a metaverse platform that provides gaming enthusiasts with a comprehensive digital life experience.
The Virtua Metaverse is a diverse, visually rich environment with multiple regions, islands, living zones, gamer lounges, NFT marketplaces and more.
Virtua is based on Ethereum and uses Polygon Layer 2 to achieve cost and speed efficiencies. The platform has plans to launch its own Layer 1 blockchain.
Virtua (TVK) is a metaverse environment dedicated to gaming and supporting gamers’ digital lives. In the Virtua Metaverse, users can play games, trade game assets as NFTs, purchase land plots, interact with animated characters and socialize with each other.
One of the earlier projects dedicated to providing a metaverse experience, Virtua was founded in 2017, initially under the brand name Terra Virtua, by a gaming industry veteran, Gary Bracey, and a technology entrepreneur, Jawad Ashraf. In June 2022, the platform was rebranded to Virtua, and in late 2023, the project team announced plans for another major rebranding to Vanar (VANRY). The new brand and token names will be used once the platform launches its own Layer 1 blockchain, possibly some time in 2024.
At the moment, Virtua is based on Ethereum (ETH) and uses the Polygon (POL) Layer 2 solution to optimize transaction costs.
Initially, Virtua focused on the NFT space. However, the platform has expanded significantly over the years. It now offers virtually everything a metaverse gamer might need — games, socialization lounges, special characters as NFTs, a variety of crypto land plots and more.
Among the special characters available on Virtua in the form of NFTs, the most popular are humanoid creatures called VFLECTs. When you first create an account on Virtua, you get a free non-NFT VFLECT to use as your avatar.
Virtua Prime, the first “planet” launched in the Virtua Metaverse, is where all the current activity on the platform happens. It’s divided into six regions where virtual islands — with different themes or purposes — are located. The regions and islands of Virtua Prime are as follows:
Region 1: Virtua Island
Region 2: Crypto Islands
Region 3: Brand Islands
Region 4: Commerce Islands
Region 5: Unexplored
Region 6: Category Islands
Some regions are already populated and have activity in them, but the majority still await their dwellers. The populated islands are in Region 1, where the platform’s main island, Virtua Island, is located, and Region 2, home to Cardano Island. We’ll take a closer look at these two islands in the following sections.
This is the primary island on the planet and home to the multidimensional Virtua Hub, which connects all the islands of Virtua Prime. The island also hosts digital land plots in four different sizes — Small, Medium, Large and Giga — and is divided into three City Zones and five Edge Zones, each of which has a few thousand individual plots that users can purchase.
The island also features thematic Experience Zones, areas dedicated to some industry or activity such as gaming, fashion, automotive and more.
Virtua Island also hosts the Monster Zone, an area where intimidating massive monster creatures roam. Land plots bordering the Monster Zone are some of the most expensive and prestigious on Virtua Island. Evidently, the island dwellers are brave folk!
A key part of Virtua Island is Virtua Hub, the beating heart of the entire planet. This is a multidimensional space that acts as a central portal for Virtua users. It provides links to NFT marketplaces, games, socialization areas and all the islands on the planet. The hub helps users navigate Virtua’s massive and complex environment. It also hosts the VFLECT Zone (where the abovementioned VFLECT creatures hang out), the Information Hub, NFT Showrooms, NFT trade zones and a lounge dedicated to esports fans.
Cardano Island is the first crypto island on Virtua. In early 2023, the Cardano (ADA) blockchain was integrated into the platform, and Cardano enthusiasts can now have their own unique user experience on a separate island.
Cardano Island is home to Cardano HQ, the central point of navigation for the island residents; Cardano Academy, where users can access educational material and meetup opportunities; three Cardano Towers, with up to 1,000 condos per tower for purchase; and 12,999 land plots.
The Virtua Metaverse features a large variety of different NFTs. VFLECTs, land plots, condos in towers, resources on islands and many more asset types are all represented as NFTs on the platform. Virtua’s NFT Marketplace is the key area where these assets are traded.
VFLECTs are humanoid creatures that serve as a main NFT type on Virtua. There’s a variety of VFLECT configurations, and Virtua has partnered with many external brands and projects to create themed VFLECTs. For example, one of the VFLECT varieties is the Purgatori VFLECT, based on the famous Purgatori comic book character.
VFLECTs are roaming around in Virtua and are among the most actively traded NFT varieties on the platform’s marketplace.
Guardians are another type of NFTs in the Virtua world. There are 999 Guardian NFTs in total. They’re described as protectors of Virtua, whose task is to defend the space from monsters. As with VFLECTS, you’ll often bump into them when spending time in the Virtua Metaverse.
Players can receive Guardian NFTs for free by clearing Level 50 in the Season Pass game. Note that a single player can only claim one Guardian for free. If you hope to own more than one Guardian, you'll have to purchase them in the market.
Virtua’s land plots are also traded as NFTs. Land plot prices differ, depending upon the island and zone, with places closer to the Monster Zone on Virtua Island trading at a premium. Virtua Island has 55,000 plots, in addition to 10 vast Giga Plots across its eight zones.
Each land plot may have various NFT-based items, introducing a dynamic element to life on the plot. For instance, there are small Loot Boxes that occasionally appear on plots, and can be opened for a surprise; and Relics, mysterious items that can alter the land plot’s properties. In total, over 10 item types might be available on a land plot, and the availability of each type depends upon the size of the land piece you own.
Creatures, land plots and items that belong to the Virtua Metaverse aren’t the only NFT types on the platform. The marketplace also supports independent digital artwork creators, who can mint NFTs that represent their unique artwork and list them on the marketplace for sale.
Buying land plots or owning VFLECTs is a lot of fun — but true gamers always appreciate the opportunity to play actual games. The Virtua Games Network is the part of the platform where it all happens. An important element of the network is the Gamers Lounge, where you can access exclusive gaming content and play games for crypto and NFT rewards.
Outside of the exclusive lounge, Virtua has made available a selection of HTML5 games, as well as its flagship mobile game, Jetpack Hyperleague — a fun environment in which you go on a space run, overcoming obstacles and challenges along the way.
TVK is Virtua’s native cryptocurrency, which you can use to purchase land plots in the Virtua Metaverse. You can also stake TVK in Virtua’s Prestige Club to earn a host of rewards and benefits, such as exclusive NFT airdrops, TVK bonuses and a variety of collectibles. The Prestige Club membership has four levels — Bronze, Silver, Gold and Platinum. The minimum required to join as a member is 5,000 TVK (around $240) for the Bronze Prestige Tier Level, and up to 125,000 TVK (around $6,000) for Platinum.
TVK can also be earned by completing quests and winning competitions. The token also has governance functionality. By staking your TVK funds, you can participate in voting on the future direction of the Virtua Metaverse. Staking for governance voting is different from staking in the Prestige Club. For governance staking, users need to lock at least 50,000 TVK (around $2,400) to be eligible for voting. The more tokens you stake, the more voting power you have.
TVK is a supply-capped token. Its total and maximum supply stands at 1.2 billion, with nearly all of that amount in circulation.
As of Dec 1, 2023, TVK is trading at $0.0478, around 96% lower than its all-time high of $1.21 on May 15, 2021, and 169% higher than its all-time low of $0.01767 on Sep 13, 2023.
Long-term forecasts for TVK are all bullish, with PricePrediction expecting the token to reach $0.136 in 2025 and $0.907 in 2030, and DigitalCoinPrice predicting it will hit $0.18 in 2025 and $0.51 in 2030.
Operating in the booming niche of the metaverse, Virtua and its TVK token show great promise. TVK acts as a multi-function token with vast utility within the Virtua Metaverse. TVK, or its planned future replacement, VANRY, will experience solid growth as the Virtua platform develops and expands. Multiple factors point to TVK’s great investment outlook:
Virtua stands to benefit tremendously from the development of the metaverse niche of the crypto market. Moreover, while many metaverse-related gaming platforms compete fiercely in the narrowly focused single-game space, Virtua offers a unique experience as an all-in-one, comprehensive hub whose users can access multiple games and spend their gaming-themed digital lives. This sub-niche of the metaverse is relatively less congested with competitors, which presents great potential for both the platform and the TVK token.
Virtua is actively working on launching its own Layer 1 blockchain, envisioned to feature minuscule transaction costs. The move from the high-cost Ethereum to Virtua's own chain is anticipated to take place as early as next year, providing another boost to TVK.
Along with the platform's unique conceptualization, the project team has done a great job with regard to the actual technical implementation: Virtua features an impressive, visually rich environment that comes closer to the "ideal" metaverse than most other projects in this niche have managed to achieve. As we all know, a visually rich user experience is a critical factor for both gamers and metaverse enthusiasts.
Virtua has been active in corporate and brand partnerships. The platform has partnered with numerous digital studios and entertainment companies, including big names like Paramount Pictures and Legendary Entertainment. As these entertainment giants team up with the Virtua Metaverse, the project's brand awareness will likely grow into the upper echelons of the industry.
TVK will certainly capitalize on these opportunities to put up some solid notches on the price chart. Nevertheless, even though TVK may show potential for growth, the volatile nature of altcoins underscores the importance of doing thorough research and analysis before considering any investment.
You can buy TVK on Bybit via the TVK/USDT Spot pair in the Innovation Zone. If you’re a gaming or metaverse enthusiast, you can’t miss out on TVK! Note that tokens listed in the Innovation Zone may be vulnerable to volatile price swings.
Many of the large metaverse platforms launched so far have been criticized — even ridiculed — for their visually underwhelming user experiences that fall short of the true metaverse. Virtua is different. Its vast, complex environment comes close to the rich graphics that deserve the metaverse badge.
And for gamers, Virtua is a rare platform that offers a comprehensive digital living and playing experience. Playing games, buying land plots or condos, socializing with other gamers, nurturing your VFLECTs, trading NFTs and winning collectibles — all this is offered within the Virtua Metaverse. What more could a gamer ask for?
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