All users will be able to sell and trade content on NetVRk, including original content they have uploaded and added to the marketplace, content they own the copyright for, their own virtual real estate in the NetVRk universe, and any other content they own and is stored in smart-contract form associated with their NetVRk blockchain account.
SMART OWNERSHIP AND USING SMART CONTRACTS
All platform assets are presented with the non-fungible ERC721 token standard, which contains owner information in its metadata and provides proof of ownership. When the user places an item for sale on the NetVRk marketplace, it will be linked to the category that best describes their offering. All deals in the NetVRk marketplace are supported by smart contracts.
Types of Ownership
For transactions of digital assets, users will be able to select type of ownership: full ownership, partial ownership, and/or type of license. This includes the following: Types that are for monetization purposes and/or exchangeable/tradable and can be implemented in the land of the user • Personal use (for instance, a 3D avatar to be used exclusively by the buyer. The buyer has no option to sell it to more than one person)
• Public use (for instance, a game created by a developer is sold on the marketplace, and whoever buys it can modify it, offer it on the marketplace, and sell it to others) • Part public custom license (the seller can define the percentage of sales the buyer agrees to pay for each sold item) Types that are for generic apps/games access at the owners land • Other generic types will be Freemium with in-app purchases, paid purchases, and/or a mixture of the two. This includes timebased subscription access to games/apps and services. NetVRk smart contracts will be exceptionally convenient, allowing users to create and rewrite license agreements with all the required features within a user-friendly interface.