Introducing Kolect!

Ash Mohammed | Virtua
Virtua
Published in
3 min readOct 9, 2020

***UPDATE — Terra Virtua Kolect (TVK) will be listed on Bitmax.io on 11th December**

Click here to Learn more

Introducing the fuel of Terra Virtua. The token which will be integral to the ecosystem is called Kolect or TVK.

We spent a lot of time thinking really carefully about what we would bring to really add value to users of Terra Virtua. We wanted to take what was best from the world of Blockchain, NFTs, DeFi and combine it with what we loved in gaming and rewards, to create a super engaging, compelling experience.

We have BIG plans for Kolect, however our M.O. has always been to underpromise and overdeliver. So we are just talking about the first few features which we will be rolling out. Reduced transaction fees are obvious as TVK will operate as a payment method. However our first exciting key mechanics will be:

1. Terra Virtua Prestige

A loyalty scheme based on holding of TVK. Here is an outline of how it will work. By holding a certain number of TVK you become a member of Terra Virtua Prestige, which unlocks a number of benefits. The more TVK you hold, the better the privileges! Such examples are:

  • Discounts on selected new releases
  • Early access to selected new releases
  • Vote on what collectibles you would like to see
  • Invitations to exclusive preview events
  • Special unique features for FanCave and TerraDome
  • Access to unique collectibles not available to everyone else
  • Invitations to exclusive virtual events with creators, artists, etc.
  • Special events to win unique collectibles
  • Monthly drops of FREE exciting NFTs and TVK

2. Terra Virtua Rewards

The more you use the platform the more you get in the way of rewards. That doesn’t just mean dropping you tokens based on trade volume. We think that takes a lot of the fun out of things and allows gaming of the system. We want you to get involved at a deeper level!

With our upcoming gamification layers, you will be able to complete quests, work with IP to complete competitions, win leaderboards, earn badges, create the best collectibles, bid highest and much more to get regular TVK and NFT rewards. There will be opportunities to participate in the governance of communal curated galleries and spaces with some really cool reward mechanics too!

3. Create and Connect

Craft your own digital collectibles using our Terra Forma tools. If you are a brand, an influencer or just have cool content, we will provide a toolset to enable you to create amazing 2D, animated or even 3D NFTs. You can then deploy these across all our spaces, including the marketplace, Gallery, Fancave and AR! (You can even create your own fan token linked to TVK). If you are an artist, 3D modeller, you can connect to these brand owners and creators — just stake your TVK and join the creators marketplace and create amazing collaborations!

There is a lot more to come and we know there are going to be lots of questions. We promise to tell you more in the coming weeks! This will include information about supply, sale details and more! We are just getting started!

Terra Virtua

www.terravirtua.io

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