Netvrk Partners with Vera to Enable NFT Mortgages

Netvrk x Vera

Netvrk is excited to announce their latest partnership with Vera, powerful open financial platform for non-fungible token (NFT) assets. Netvrk is a metaverse built on the blockchain that allows users to monetize their creations and content via NFTs and Virtual Land. Together, Netvrk and Vera will be collaborating to bring innovative financial products to the NFT space, and the metaverse.

Vera’s platform technology will allow Virtual Land buyers, to purchase Virtual Land utilizing mortgages. With a sufficient down payment, buyers can finance their purchases, making monthly payments on their secured NFTs. Once payment is made in full, full control of the NFT will then released to the buyer.

Vera will also offer tools to allow Virtual Landowners to borrow against their assets via their platform, in a collateralized manner. Both financial products will bring real- world mortgage and equity products to the metaverse, putting the dream of Virtual Land ownership within everyone’s reach.

Virtual Land Mortgages

Beyond Virtual Land, other Netvrk NFT products will also be available to be financed, including Avatars, Vehicles, Buildings, and Accessories. Similar to real world mortgages and vehicle financing, the ability to finance big ticket NFT purchases will be available to virtually everyone.

Vera will have a virtual headquarters inside of the Netvrk Metaverse that users can visit and interact with, in a highly interactive environment. Vera’s platform will also be integrated into the metaverse, allowing users to use it directly without having to exit.

Daniel Kennedy, Chief Executive Officer of Netvrk:

“Vera is a great partner to have on our team. Coming from a background in real estate and finance, being able to integrate these types of products into the metaverse is extremely exciting. This partnership will establish both companies as being on the cutting edge of blockchain technology.”

About Vera

Vera is the most powerful open financial platform for non-fungible token (NFT) assets. Vera offers decentralized financing, leasing, lending, and other essential financial services for any NFT marketplace, game, or application. Founded in 2021 and backed by notable investors in the decentralized fintech space such as Animoca Brands, and the Web3 Foundation, Vera’s mission is simple: To build open, secure, and powerful NFT financial products that are equally available to everyone everywhere.

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$VERA

About Netvrk

Netvrk is a metaverse, with powerful creation tools and infrastructure to easily create, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.

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$NTVRK

Netvrk is a metaverse built on the blockchain, with tools that allow you to easily create, share, and monetize your creations using NFTs. netvrk.co