What Is Terra Virtua – Is This Cryptocurrency Project Worth the Investment?
Non-Fungible Tokens or NFTs have, for the last year or so, revolutionized digital collectibles. Digital art has now become an important part of the blockchain ecosystem and people are starting to make serious money from this.
As NFTs expand, there is a growing demand for support infrastructure that can allow these digital collectibles to trade freely all over the world. Terra Virtua is hoping to provide that infrastructure and it is the main discussion in this post. We start by explaining what the project is about, its team, how it works, and wrap up with a simple analysis of its investment potential.
What is Terra Virtua Kolect (TVK)?
Terra Virtua Kolect (TVK) is an innovative NFT ecosystem designed to provide a decentralized curated marketplace where folks can trade digital collectibles. The project is also fully cross-platform. It is available on mobile, augmented reality (AR), and also virtual reality (VR). Terra Virtua Kolect (TVK) hopes to create an immersive and life-like NFT marketplace that will allow collectors and creators to interact within an immersive digital universe.
In essence, the project incorporates some aspects of the metaverse to create a versatile ecosystem that could transform how NFTs are traded in the future. Terra Virtua Kolect (TVK) is also more of an experience than just a place to buy and sell NFTs. It has added a set of creative gaming and social elements to make it more immersive and futuristic.
What’s The Team Behind Terra Virtua Kolect (TVK)?
Terra Virtua Kolect (TVK) is backed by a team of tech superstars. Gary Bracey is the co-founder and CEO of this project. He is a tech guru with years of experience in the gaming industry. He was also nominated for the BAFTA awards. Jawad Ashraf is the second co-founder who also serves as the CTO for the Terra Virtua Kolect (TVK) project. Jawad brings special experience in artificial intelligence and virtual reality.
Finally, the team is completed by Anoop Lal who is the CFO. He has an extensive background in financial management and is responsible for the day-to-day operations of the project. In addition to these founders, Terra Virtua Kolect (TVK) also has big-name backers. Paramount Pictures for example is one of the key partners in this project. Big Immersive and film production company Legendary are also involved.
Why Is Terra Virtua Kolect (TVK) So Unique?
The best way to understand just how unique Terra Virtua Kolect (TVK) is, at the moment, is to explain how people deal with normal physical collectibles. In most cases, collectibles like art are displayed in museums, galleries, and such spaces. Here, people can come in and interact with them the way they want.
Even folks who don’t have personal art collections and collectibles will have special ways to interact with those items either through fairs, conventions, etc. But what if you wanted to have the same kind of interaction with digital collectibles? You could stare at your screen for hours but let’s face it, that’s just boring.
Terra Virtua Kolect (TVK) changes this by creating an immersive virtual reality that allows you to get into this digital universe where you can interact with your digital collectibles in a life-like manner. You can also sell and buy collectibles within this digital universe as well. Think of it as going to an art gallery show only this time, Terra Virtua Kolect (TVK) allows you to do it virtually with digital collectibles.
Is Terra Virtua Kolect (TVK) A Good Investment?
The concept behind Terra Virtua Kolect (TVK) is revolutionary when it comes to how people perceive and interact with digital collectibles. But is the project worth investing in? Well, let’s look at this in more detail, including the native token Kolect (VKS).
Why Terra Virtua Kolect (TVK) Is Going to Be Big?
Terra Virtua Kolect (TVK) will likely be a big beneficiary of the coming NFT boom. But here are other reasons why we think this project is worth it:
A True Immersive Experience
Terra Virtua Kolect (TVK) is one of the few blockchain projects that will deliver a truly immersive experience when interacting with digital collectibles. This is offered through multiple platforms as well, including VR, AR, and mobile.
Virtual and augmented reality is of course not new and has been with us for years. But Terra Virtua Kolect (TVK) is trying to leverage this technology and create a practical and exciting way to trade and interact with NFTs. This is going to be a game-changer in the future.
As a fully decentralized curated marketplace for NFTs, it means that Terra Virtua lets anyone buy and sell collectibles from anywhere in the world. For this reason, Terra Virtua Kolect (TVK) offers a bigger collection of high-quality collectibles.
Although it hasn’t reached the same level as OpenSea, it won’t be a surprise if the project continues to attract more and more NFT creators in the future. Besides, Terra Virtua even allows creators to create NFTs while immersed in the digital universe. And it’s not just NFTs alone. Users are allowed to create any other type of content that they can monetize within the same digital universe.
Big Name Partners
Terra Virtua Kolect (TVK) is partnering with big names in film, AR, gaming, and crypto. Movie companies like Legendary and Paramount Pictures are on board. Terra Virtua Kolect (TVK) has also partnered with Unreal Engine, the most powerful 3D creation tool on the planet.
Varrow Interactive and Big Immersive are the gaming and VR partners for this project. These big-name partners suggest that there is confidence that Terra Virtua Kolect (TVK) could in fact become something worth having.
Although Kolect (VKS) is the native and utility token for the Terra Virtua project, the chain offers a multi-currency approach. Users can make payments within the ecosystem using fiat money, credit cards, and Ethereum as well.
This is specially done to ensure there is wide adoption of the project and that users have enough versatility when buying or selling NFTs here. Currency interoperability in a curated NFT marketplace has to be one of the most powerful things.
What is The Kolect (VKS) Token?
Kolect (VKS) is the currency that fuels the Terra Virtua universe. It is the governance and utility token that can be used to unlock various privileges within Terra Virtua. The token is also used to pay for rewards including staking and yield farming rewards. If you wanted to invest in Terra Virtua Kolect (TVK), you would buy this token. It is now available on Binance, AscendEX, and others.
The Vesting schedule is a standard through which investors receive initial token releases and how it is distributed thereafter. For Terra Virtua, all treasury tokens are locked but distribution will be done daily over a period of 2 years. However, tokens for the team and advisors will only be locked and distributed over 12 months. The following table indicates the vesting schedules for all partners involved with this project.
NFT and metaverse projects in crypto are going to heat up this year. There is even talk that the NFT sector will grow into its industry, free from the headwinds and tailwinds of the broader crypto market.
As an investor, you want to put your money in promising projects that still have so much potential. Terra Virtua Kolect (TVK) has all the signs that any seasoned investor would be looking for. It is unique, innovative, and backed by a strong team of founders and investors.
* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.