During the NFT craze in the first quarter of the year, many collectors around the world acquired their first digital collectibles. Unlike art collections in the physical world, few marketplaces in the digital world provide collectors the opportunity to showcase and interact with their digital collections.
Terra Virtua has addressed this issue by creating a fully immersive, blockchain-driven VR platform where collectors can showcase their precious wares. The VR, AR, and 3D platform has cultivated a strong digital community by forging connections between creators, collectors, and art lovers, and has continued to grow in spite of the downturn of searches for NFT-related queries.
The platform was launched in 2017 by Gary Bracey and Jawad Ashraf, two highly skilled developers who recognized the potential for a protocol capable of driving social entertainment. In the early stages, Terra Virtua was an elementary VR entertainment network that used distributed ledger technology on the backend. It has since evolved into a holistic ecosystem of collectors and artists brought together by a love of art.
As the network continues to expand, Terra Virtua allows user to interact on various platforms:
- Web: all trading features and the catalog of artworks are available through a web interface. The store is user-friendly and enables users to view, buy and sell virtual collections
- 3D PC Platform: this platform allows users to invite their friends, customize the display of their art, and interact with their digital collection
- AR & VR applications: the mobile app of the platform lets users share their acquisitions with friends on social media, bringing them a bit closer to the “real” world. Users can also engage with their digital collectibles, which differentiates Terra Virtua from other NFT platforms
- VFlects: these are Terra Virtua’s native, animated characters. Users can customize them as they wish in different colors. Colors represent the rareness of a VFlect.
The platform is powered by it’ native token, Terra Virtua Kolect (TVK), the native currency of the platform.
The TVK Token
TVK is a multipurpose utility token at the heart of the Terra Virtua ecosystem. As an ERC-20 token running on the Ethereum blockchain, it was issued with a maximum supply of 1,200,000,000 TVK.
Token holders will receive various benefits, including:
- Reward payments: TVK is used to reward users and giving them discounted rates on trading costs on the platform
- Terra Virtua Prestige: holding a certain amount of tokens also gives users access to the Terra Virtua Prestige “club.” It’s a set of loyal members who will receive special benefits such as gaining first previews on new art, voting on what artwork should be included in the marketplace, and receiving early access to new collections.
- Terra Virtua Rewards: only available to active participants on the platform. Users will be rewarded for interacting with the gamified offerings on Terra Virtua. They can participate in competitions, win leaderboards, or get involved in governance for a chance to receive rewards.
- Create Virtual art: Terra Virtua has created various tools allowing anyone to get creative and mint their first NFT. However, to access these users will need to stake TKV first. Once created, users can easily monetize their art by offering it on the marketplace.
The Terra Virtua marketplace is similar to other NFT marketplaces, and lets users trade digital collectibles. When visiting the marketplace, items are displayed at random, but by using filtering options, users can easily find unique digital artworks that suit their taste. If you’re looking for a specific piece by a certain artist, you can also search for the piece using the search bar.
While some artwork is sold at a fixed price, other works are auctioned, and users can view all ongoing auctions and participate in them from the marketplace. Purchasing on Terra Virtua is straightforward and not much different from buying something on an E-Commerce platform. Users add their artwork to the cart and proceed to checkout. Purchases can be completed with a credit card or ethereum.
If you spot a digital collectible you like but aren’t sure if you want to purchase just yet, there is a wishlist option to save favored works.
Fan Cave and Terra Dome
While buying and selling digital collectibles is a central function of the Terra Virtua platform, the major differentiating factor is the platform’s fan cave and terra dome features, which give collectors a unique way to interact and exhibit their collections.
The fan cave is a private corner for collectors to use their collections to decorate the space. It’s reserved for smaller art pieces such as gifs or works that are more within a portrait size.
For exhibiting bigger works, Terra Virtua has created the Terra Dome. In the Terra Dome, large NFTs such as spacecraft, ships, or other big works.
As CTO and Co-Founder of Terra Virtua put it: “fusing the very best of VR and AR entertainment with the very best of blockchain technology providing a fantastic opportunity for those looking to contribute to the evolution of the platform as well as those looking to market their digital products and services to a global audience.”
Terra Virtua is bringing collectors into the world of blockchain and lowering the entry barrier as no crypto knowledge is required to start using the service. With its innovative approach to bridging platforms and showcasing the future of collecting, Terra Virtua has made noteworthy partnerships to create digital art pieces with Paramount Pictures and Legendary entertainment.
With the AR and VR market predicted to grow to a $57 billion market by 2027, Terra Virtua is well-positioned to provide collectors and artists an easy way to be part of the new way of collecting.
TVK is now trading on Bitcoin.com Exchange with BTC on Bitcoin.com Exchange.