Dec 10, 2020
Terra Virtua AMA with Jawad Ashraf and Jeff Holmberg
Brief Information
Terra Virtua is truly immersive collectible platform across Mobile, AR and VR with unique social, gaming and creative experiences, enabled by blockchain.
Terra Virtua is mainly NFT marketplace and immersive ecosystem, allowing you to trade, display, share and interact with your collectibles within PC, mobile and (soon) VR environments.
Introduction AMA
Eric: hey @jawadash and @jeffholmberg Welcome to the NFT room!
Jawad: Thank you, good to be here.
Eric: Can you first introduce yourselves and your role in Terra Virtua?
Jawad: Hi, so im jawad, im the CTO and co founder of the company
Jeff: Hey all! My name is Jeff Holmberg and I run Strategy at Terra Virtua
Jawad: im the tech guy who has built differnet technology cos in the past, and Jeff is our resident crypto guru.
Eric: We have already interviewed Terra Virtua back at the @amaroom. Here is the transcript of that:
Jawad: We have a pretty robust team at Terra with at terra with a bunch of skills
Eric: So want to talk more about the product here and the artists gallery parts.
@jeffholmberg @jawadash Can you describe a typical playthru of someone playing Terra virtua?
Jeff: Certainly. Terra Virtua is a NFT marketplace and immersive ecosystem, allowing you to trade, display, share and interact with your collectibles within PC, mobile and (soon) VR environments. We focus on the problem of viewership in relationship to NFTs.
Jawad: we wanted a complete experience of ownership, but also to engage with all types of users, crypto and non crypto
Eric: would you have images of terra virtua in-game that highlights this part of the experience?
Jawad: well the way we are working is to let you purchase the NFT, but then have a way to view your art in 3d, in mobile, VR. By in-game you mean? ah, the experience, got you.
Jeff: Sure, if you give it a minute or two, I actually just uploaded the walkthrough
Eric: yes. would be cool to see how it looks in-game. In the meantime. Can you tell us what's the tech stack on the game itself @jawadash ? how many concurrent users can it handle?
Jawad: ok sure, so basically we use fbx models for our 3d objects and the stack is built in amazon using microservices, with a different set of technologies for the APIs.
Eric: Its working across various platforms correct?
Jawad: the system is designed to handle 100k concurrent users before it scales and we made a point of stress testing the daylights out of it.
Eric: Damn impressive.
Jawad: the main system services android, 3d desktop, oculus and web and its the same models we serve up in every environment. basically the idea was to be super cross compatible.
Jeff: And for those that are collectors, we are built on the ETH chain.
Eric: So users can collect art and display it inside the platform. Can they do anything with the NFT items or art?
Jawad: yes, and also we are aiming to make it open within the next couple of months. in terms of art ill let Jeff explain the gallery and what we are doing in the space. this part is close to his heart.
Jeff: Here is an easier link to a walkthrough:
https://vimeo.com/471773284/10e202ef03
Jawad: and this is specifically the art part: https://vimeo.com/471773217/64c6eae90f
Jeff: Art is a very exciting venture for us. As mentioned before, we wanted to solve the problem of viewership. Art is meant to be hung on a wall, not be viewed as a thumbnail in a wallet!
Eric: @jeffholmberg how does new NFT art get put in the platform? can anyone do it or only partners?
Jeff: If you watch our video links above, you will see how we give collectors a real gallery type feel to view and organize their artworks.
As of right now, we are meticulously curating artists on the platform one at a time. If there are artists that are interested in listing their art for sale on Terra Virtua, I would encourage them to join our Discord and either reach out to myself or Russ.
Eric: will it get more open at some point or you need to control quality forever?
Jawad: if they are traditional artists (new to digital), we work with them even to animate their work, like Nick Percival. We recently did auctions of his work around Judge Dredd and Hellraiser.
Jeff: It will definitely get more open as time moves along, but we are focused on quality. We feel other platforms can be quite cluttered and riddled with a lot of low level quality.
Eric: woah. u got pictures of what u made for him?
Jawad: ultimately itll be more like a DAO. let me grab some links. its beautiful stuff.
https://opensea.io/assets/0xf095c2e133c15c69f147e6f9688465b27ca3063d/1602/
Eric: So @jeffholmberg what is your main duties as Chief strategy office of Terra Virtua?
Jeff: My main duties are to help keep Terra Virtua ahead of the curve in an ever changing blockchain ecosystem. This also could include different functionalities on the platform, use cases / defi elements / staking for our token TVK releasing very soon
Eric: Congrats on the token design. its really a solid utillity token.
Jawad: And Jeff actually keeps us honest and closer to the community.
Eric: Haha, I bet.
Jeff: lol in more ways than one!
Jawad: in terms of understanding what people want.
Eric: So what do users do with these NFT art pieces? do they sell it at opensea or do some keep it in their gallery?
Jawad: They can current resell in Terra, and as we are not open yet (coming soon), we have run some auctions on opensea to reach the wider community. Many will keep them in their Gallery.
Jeff: Users can also use our mobile app on android devices to take pics and videos with their art in AR!
Jawad: like our Jeff here has over 14k NFTS sitting in his wallets.
Eric: Nice lol.
Jawad: something like the gallery will let collectors exhibit their art.
Community AMA
Q: 2020 has witness the rise of DeFi and NFTs but Liquidity poses a major challenge to adoption of NFTs. What are your plans to provide liquidity on your platform to boost $TVK value? Do you plan to launch an incentivised liquidity program?
Jawad: Yes in the works, and will be announced in the coming weeks.
Q: I remember you told that you were looking for artist to work with. Still valid? What is your revenue offer for artists or art studios? Sold-more-paid-more is your model?
Jeff: We are in line with super rare, Nifty, etc. It is not a popularity contest when it comes to selling art, and the commisions / royalties are preset regardless if you sell a 1 of 1, of 20 of 20 items.
Q: It seems you have many license agreements. What do you think Terra Virtue will engage with playmakers of gaming world in near future?
Jeff: Great question. We have already explored conversations with gaming entities and other influencers. This is an area that we are paying attention to very closely.
Q: I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities ?
Jeff: Join our TG or Discord channels and chat with the mods on this.
Q: Do you have a Global ambassadorial Program or Referral Reward System? Does I get any benefit from holding $ TVK token for long — term ?
Jeff: Answered similar question just above this one! Stay in tune on our channel for more information on our super fun staking program called “Prestige”
Q: NFTs are also popular on BInancesmartchain and others, does Terra Virtua plan to look at these other blockchains?
Jawad: In the works right now, Matic will be first and Binance is in discussion.
Q: How long will it take for the new $ TVK to trade ? What is the maximum supply ? Circle supply? Thank you!
Jeff: We are releasing the tokenomics of this very soon, as within the next 7–10 days soon. Stay informed through our channels for the Medium article link.
Q: How your staking model works? And how encourage you user to do staking in Terra Virtua ?
Jeff: We are going to have a program called “Prestige” that will offer rewards for staking our token TVK. HIGHLY encourage you to stay in tune with our TG or Discord channel for more information on this very soon.
Q: Can anyone with the necessary knowledge make art through NFTs? I have always wondered if this technology is favorable for small artists.
Jawad: If you can make great art, you can make a great NFT. MInting it and having it available is not the difficult part.
Q: DeFi, Staking and Yield Farming are hot topics right now in our Crypto Space, My question is, did you make this project only for the short term because of these hot topics? Do you have a long term plan for this project?
Jawad: not sure this question is for us. We don't do any of these hot topics as part of our core offering :)
Q: How will you attract potential users to your platform considering that it is powered by blockchain ?
Jawad: Ultimately blockchain is the plumbing. We are focusse dont he product and user experience.
Jeff: We focus on intellectual property licenses that are popular in the traditional space, as well as to crypto collectors.
Q: I’m interested in contributing to Terra Virtua , Do you have any Global Ambassador Program, if yes, how do I apply?
Jawad: We are shaping this program just now, please DM me and ill put you in touch with someone to talk about it.
Q: Marketing is a very important for every project, what is your strategy to attract new users and investors to project and keep them long term? Can you tell benefits of long-term investors for holding token?
Jawar: Our brand partners are directly promoting us. This is huge. If you Paramounts Godfather twitter for example you will see they talk about us.
Q: How many rewards campaigns could Terra Virtua run in the near future? Do you want to attract more users to your ecosystem?
Jawad: We will be running multiple campaigns, and there will be regular rewards as part being part of our Prestige Club (to be announced soon).
Q: Will Terra Virtua also interface with rarible one day, or are you planning only to integrtrate with Opensea ?
Jawad: Yep we will be open and so can interoperate.
Q: Almost every investor is interested in large defi projects as it delivers high returns and is fast. For what reasons can convince small and large investors to trust and invest in your project?
Jawad: We have been building this for 3 years, and invested time in building a real product and ecosystem, which will evolve and grow. Its a rare thing with product and a team which crosses crypto and non crypto — who have built successful companies before.
Q: supply of $ TVK , so as to increase its intrinsic monetary values?
Jeff: Check my answer just above this one!
Jawad: There will be a medium article posted shortly explaining he vesting and metrics.
Q: What do you think is the biggest problem Terra Virtua will solve which is not solved by other projects and why this is the problem important?
Jawad: Having multiple ways to enjoy your digital asset, right now, you buy, you trade, you cant interact. We feel that is so important. And more utility makes is more than just a speculative investment.
Q: Can Holders of a small number of TVK tokens vote on management proposals?
Jawad: There will be a prestige program where stakeholders are given some DAO rights.
Q: One of the biggest issues for dapps is onboarding. What solutions have Terra Virtua team found to try to resolve this problem?
Jawad: we have focused on making really really friendly onboarding method, that even non crypto people can use, and our metrics show its working pretty well. We are taking community feedback all the time.
Q: NFTs are also popular on BInancesmartchain and others, does Terra Virtua plan to look at these other blockchains?
Jawad: Yes Matic first, and then others, we are talking to Binance too at the moment.
Q: How does Terra Virtua deal with the high costs of doing transactions on the Ethereum layer? any solution at the moment?
Jeff: We are already In the process of working with Matic. That should be completed within 60 days
Jawad: Matic! and guys if you have more questions, do please join our discord and telegram where we can dig in further.
Closing Remarks
Eric: I think thats a wrap! I will open the floor after @jawadash @jeffholmberg invites everyone where to follow Terra Virtua for more info.
Jawad: Thanks Eric and thank you everyone!
Jeff: @ERCSU Can I post a link to our TG and Discord channels here?
Eric: By all means.
Jeff: Join our Discord and stay in touch with us for all information, especially our upcoming token release: https://discord.gg/Sm4wxTG
Our Telegram channel: https://t.me/TerraVirtua
Eric: Thanks all for joing this special AMA.
Jeff: Thanks @ERCSU and everyone for joining. Please join our TG or Discord channels and continue asking questions and get involved! Community feedback is SUPER important to how we continue to build.
