Virtua is a gamified metaverse designed to provide users with an interactive and immersive gaming experience. This platform allows users to explore a virtual world that includes Web3 gaming, social interaction, digital collectibles, and other engaging experiences. Virtua's ecosystem leverages the Ethereum blockchain and uses the ERC-20 token, TVK, for its operations.
Virtua operates as a cross-platform NFT ecosystem, providing a curated marketplace where creators and collectors can trade digital assets. It spans web, PC, and mobile augmented reality (AR) and virtual reality (VR) environments. The platform utilises smart contracts on the Ethereum blockchain to manage its ecosystem and includes tools like Terra Forma for NFT creation. Virtua also incorporates the Polygon blockchain to enhance transaction efficiency and reduce costs.
Virtua offers a range of potential use cases including:
Real-world applications include partnerships with entertainment and gaming giants like Legendary Entertainment and Williams Racing, as well as collaborations in the art, music, and sports industries.
Virtua, originally named Terra Virtua, was founded in 2017 by Gary Bracey and Jawad Ashraf. It started as an NFT marketplace before evolving into a comprehensive metaverse platform. Significant milestones in its history include forming partnerships with major entertainment companies, launching various features and collectible sales, and undergoing rebranding phases. Recently, Virtua announced it would rebrand to Vanar (VANRY) with plans to create an ultra-low-cost Layer 1 blockchain to support microtransactions in the entertainment sector.