The Virtua Kolect Price
(TVK)
Note: This cryptocurrency has not yet been officially listed on KuCoin TR.
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TVK(TVK) Profile
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About TVK
How can I buy The Virtua Kolect (TVK)?
Buying TVK on KuCoin TR is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy The Virtua Kolect (TVK) for more information. What Is Virtua Kolect (TVK) Crypto?
Virtua offers a metaverse where users can play games and enjoy social experiences, all in the virtual world. Users can explore, play games, socialize, and own virtual land and other properties in the Virtua metaverse.
Built with web3 technology, the platform offers an ever-evolving digital experience to consumers, empowering them with decentralization, so they enjoy complete ownership over their identity and communication on Virtua. The project has partnered with several brands across entertainment, art, music, sport, blockchain, crypto, and gaming, to introduce more immersive and engaging experiences for its metaverse users.
The multi-platform interface offers metaverse solutions across desktop, mobile, VR, and AR technologies. In addition to trading land and playing games, the Virtua metaverse lets users trade NFTs that can enhance their life in the platform’s marketplace.
Virtua Kolect (TVK), formerly known as Terra Virtua Kolect, is the native crypto asset of Virtua and powers its ecosystem. It can be used to purchase land, create digital collectibles and fan tokens, earn rewards by participating in games and quests, and be staked to access exclusive rewards.
How Does Virtua Kolect Work?
Virtua consists of the following key components:
Virtua Prime
Virtua Prime is the first planet in the Virtua Metaverse, a hyper-realistic, immersive 3D world. Cardano Island is the first region launched in this space, followed by Virtua Island, Crypto Islands, Brand Islands, and Commerce Islands.
Virtua Marketplace
The marketplace is where users can purchase homes within the metaverse or trade NFT collections from brand partners. There are four marketplaces on Virtual: Collectibles, Artwork, Comics, and Magazine.
Land Sale
This is where users can purchase lands and cribs within the Virtua metaverse. Also available for sale are condos and virtual homes that can be customized.
Games
This section hosts metaverse games developed by Virtua Studios that can be played by avatars known as VFLECTs. Several Play-to-Earn (P2E) opportunities exist for users to compete in quests, collect rewards, and more.
History of Virtua and TVK Coin
Virtua was co-founded by Gary Bracey and Jawad Ashraf as Terra Virtua originally in 2017 when its concept was unveiled at London’s BAFTA headquarters. The company is headquartered in London, and its co-founders have several decades of experience in game development and emerging technologies.
In March 2022, the company launched Terra Virtua Studios, which focused on developing web3 games for its metaverse. In June 2022, the metaverse platform rebranded from Terra Virtua to Virtua as it started to launch its virtual universe.
In September 2022, the platform announced an investment from blockchain consultancy group Next Chymia. This was followed by the official teaser release of VLFECTS: Battle for Virtua Prime, the platform’s first GameFi offering. In the same month, the company announced the launch of Virtua’s mobile app on Android and iOS.
Cardano Island, Virtua’s first virtual property offering, under collaboration with a blockchain platform, announced its first land sale in February 2023. The development offered 9,999 plots of virtual land for sale to the Cardano community.
FAQ
Is Virtua Kolect a Good Investment?
Virtua Kolect is an interesting crypto asset, especially if you believe in the metaverse’s potential and are looking for crypto projects with mainstream appeal. Although it is a relatively new launch in metaverse projects, Virtua boasts an impressive lineup of partnerships with established brands from mainstream industries such as entertainment, sports, music, and more.
The announcement of more such partnerships and the launch of more mainstream NFT collections, web3 games, lands, virtual engagement experiences, etc., can increase the appeal of buying and holding TVK, sending the price of Virtua Kolect token higher in the market. Such developments can spur on-chain activity and increase the demand for TVK crypto among consumers, boosting the TVK price statistics.
The TVK token price can increase as Virtua launches more games and services on its metaverse platforms. In addition, positive market sentiment toward cryptocurrencies and the metaverse can also support the Virtua Kolect price.
What Is Terra Virtua Kolect Price Prediction?
While it is impossible to provide an accurate TVK coin price prediction over any duration, we recommend monitoring the following key fundamentals that can drive significant price action and volatility in the TVK cryptocurrency:
Level of Adoption
The TVK price can rise as more games and NFT collections release on the Virtua metaverse platform. Such developments can increase the demand for $TVK among users, supporting the value of Virtua Kolect.
New Partnerships and Developments
Investor confidence in the TVK coin also increases when Virtua announces new partnerships, integrations, and investments in the project. These updates improve the appeal of investing in and holding the Virtua Kolect coin as an asset, sending the value of TVK token upwards.
Rollout of New Offerings
When Virtua launches new games, land sales, or adds more features to its metaverse, the appeal of its native token as an investment opportunity is boosted. This can increase the demand for TVK among the metaverse platform’s users and investors, supporting the price of Virtua Kolect.
Market Outlook
A favorable outlook towards cryptocurrencies and key market sectors such as web3, metaverse, NFTs, and GameFi can also be important in sending the TVK price on an uptrend. On the other hand, a bearish or risk-averse mood among investors could cause sell-offs that weaken the Virtua Kolect value in the market.
How to Use TVK Coin
$TVK is the native token of the Virtua ecosystem and has the following use cases:
Native Currency
TVK coins are required to purchase land in the Virtua metaverse. Holders of the token also become a part of the Virtua community.
Staking
Users can stake TVK on Virtua to become members of exclusive Virtua Prestige clubs. Staking gives them access to NFT airdrops, collectible rewards, previews, and TVK bonuses and lets them enjoy extra features on the platform.
Incentive Token
You can also use TVK to participate in gameplay, complete competitions, and quests, and earn rewards. This is a highly engaging way to grow your TVK holdings.
Crypto Asset to Trade and HODL
Trade Kolect against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell TVK against other digital assets or hold it long-term if you believe in the future potential of the Virtua metaverse. Review the current price of Virtua Kolect, TVK current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the TVK price chart before trading Virtua Kolect.
How Many TVK Tokens Are There?
Out of the total supply set at 1,200,000,000, the circulating supply of TVK stands at just over 976,000,000 as of March 2023. The total number of tokens at the Token Generation Event (TGE) in December 2020 was 103,786,1118.
The token distribution according to TVK tokenomics is given below:
1. 20.94% was kept for the TVK private sale.
2. 20% went to marketing activities.
3. 20% was set aside as the ecosystem reserve.
4. 10% of the TVK supply was given to the team of developers behind the project.
5. 7.29% was allotted to the project’s business development and partnerships.
6. 5.83% of TVK coins were issued during the seed round.
7. 5.31% was distributed during the 2018 fundraising round.
8. 5% went to the project’s advisors.
9. 3.62% was allocated to equity investors in Virtua.
10. 1.14% of the private sale went to marketing activities.
11. 0.73% was issued to the public.
12. 0.15% was given as a reward to early supporters of the project.
Who Are Virtua’s Partners and Investors?
Virtua has an imposing list of partnerships forged among mainstream brands and companies in the blockchain and crypto industries. Some of its partners include Cardano, Polygon, Ethernity Chain, Elrond Network, Casper, WAX, LegendsOfCrypto, GamerHash, and more.
Brand partners of Virtua include Legendary, Shelby American, Williams Racing, Paramount, The Bored Ape Yacht Club (BAYC), Stephen Colbert, Elvis Presley, Hero ISL, Kevin Hart, and more.
Notable investors in the Virtua metaverse project include Amplifi Capital, AU21 Capital, DeltaHub Capital, Exnetwork Capital, Genblock Capital, NGC Ventures, Hashed, ZBS Capital, Moonrock Capital, Woodstock Fund, and Next Chymia.
How do I store The Virtua Kolect (TVK)?
You can store your The Virtua Kolect in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your TVK include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.