🏛️NetVRk Reserve
The Power Behind NetVRk's Finances and Community Development
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The Power Behind NetVRk's Finances and Community Development
Last updated
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The NetVRk Reserve manages long-term assets and handles distributions, funded by the 10% royalties from NetVRk NFT sales, when a 3rd party marketplace chooses to pay royalties, and from various fees from the NetVRk NFT Marketplace. Its goal is to make NetVRk a sustainable, decentralized, and autonomous entity that benefits its community. The Reserve works in partnership with the NetVRk DAO to review and approve proposals.
The Reserve will be used to distribute 50% of the royalties to eligible NFT holders and participants. The remaining royalties are used to replenish rewards pools for Play & Earn games, fund game and platform development, and support charitable causes.
NFT Rewards Distributions: Share royalties with Land, Transport, and Bonus NFT owners based on a weighted system.
Play & Earn Pools: Use royalties to replenish rewards pools for the Mine Runner game and other upcoming games.
Development: Fund game and platform development, including incubating new gaming and blockchain projects.