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  1. NetVRk Whitepaper 3.0
  2. The Economy
  3. NetVRk Reserve

Reserve Distributions

The NetVRk Reserve is the backbone of our financial ecosystem, responsible for distributing royalties and funding various endeavors within the metaverse. 50% of NetVRk's royalties go directly to the reward pools and are allocated as follows:

  • 4.75% of sales for Land NFT owners when royalties are provided by 3rd party marketplaces.

  • 0.25% of sales for Transport NFT owners when royalties are provided by 3rd party marketplaces.

Below is the weight distribution:

Landowner

Weight

Transport Owner

Weight

Mega Land

33

Yacht

75

Giant Land

11

Falcon

50

Large Land

5.5

Truck

10

Medium Land

2.75

Roadster

5

Standard Land

1

Motorcycle

1

To ensure the sustainability of the NetVRk Reserve, royalties collected from secondary market sales until December 31st, 2022 were spread out across the first five distribution dates:

  • First days of April, 2023: 40% on top of the quarterly rewards

  • First days of July, 2023: 25% on top of the quarterly rewards

  • First days of October, 2023: 15% on top of the quarterly rewards

  • First days of January, 2024: 10% on top of the quarterly rewards

  • First days of April, 2024: 10% on top of the quarterly rewards

This approach allows for a gradual influx of royalties while also protecting the Reserve's long-term stability.

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Last updated 1 year ago

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