With every passing day, blockchain-backed platforms are taking over the digital market space. Terra Virtua is the first of its kind digital platform for online collectibles backed by blockchain. Co-founded by the former executives of organizations like Microsoft, Warner Bros, and Playstation VR is developed among a strong community. Terra Virtua secures the collectibles of its consumers through the Ethereum Blockchain.

What is Terra Virtua?

Terra Virtua started its operation in December 2020; an application based on using non-fungible tokens for exchanging digital collectibles. Virtual collectibles are unique and scarce, their demand is increasing rapidly, however, the proof of right of ownership to any digital piece of art is still a challenge. Terra Virtua has embedded the exchange of digital resources, especially the collectibles, into a smart contract that is unchangeable and identifiable.

Terra Virtua is the first-ever platform to incorporate augmented reality and virtual reality in its offerings. This is actually the revolution of the entertainment industry and other enterprises as well, as they have access to a virtual world where they can interact with real-world customers and showcase the features of their products, offerings, and collectibles in a more effective manner.

However, most of the features Terra Virtua plans to offer are mainly under development but they are executing their plan quite well. Initially, they are working as the marketplace where you can buy, view, sell, exchange and create animated content and digital collectibles. Their developed offerings include an art gallery for PCs, an AR Android application with the whole Terra experience, and the Terra Application itself.

They have drawn a lot of partnerships from big names like Paramount Pictures and imitated a well-decorated team working on the success of Terra Virtua by introducing their base of exchange Terra Virtua Token – Kollect (TVK).

Terra Virtua features

Terra Virtua has developed and is further developing different environments for its users. These different environments together build up the Terra Virtua ecosystem. These different environments are designed in a manner that users can fully immerse themselves in the environment according to their interests and hobbies. The main features being offered through these environments includes; immersive entertainment platform, real-world rewards, a lot of content, tradable consumer-generated content, a digital collection of virtual art and artifacts. The environments are listed and explained as follows:

The Terra Virtua Fan Cave

This is an intelligent and furnished collector’s space. The Fan Cave is now loaded with a wide scope of virtual 3D collectibles. You can likewise carry your companions to watch recordings, pay attention to music, and even visit them continuously while in your fan cave. Consider this as augmented reality on another level. You can even arrange the offer of your digital collectibles continuously while out in your fan cave.

Moreover, there are other features too for this environment that are not fully developed yet. These features include giving you the feel of a digital apartment and customizing and personalizing your fan cave space. Inventory storage is also available for users for storing videos, animations, songs, or artifacts in or away from your fan cave space.

The Terra Dome

This is a luxurious real estate digital go-down for your online purchases. You can exhibit your high-end and bigger NFT collections in 3D virtual form. The Terra Dome not only helps you store your NFT collectibles but it allows you to screenshot and share the 3D model with your friends or invite them over to have a tour of your Dome.

The other primary offerings of Terra Virtua include the digital art gallery and the augmented reality application. Terra Virtua has up to the mark art galleries to exhibit the artwork of world-class artists. These artworks are both exchangeable and tradable. The augmented reality application helps users to bring their online bought collectibles from any of the above-mentioned platforms to life. These collectibles can then be shared with friends and on social media through the augmented reality application.

Content generation is another very practical feature of Terra Virtua. There is a tool called Forma that allows you to generate and customize your online possessions adding the pinch of uniqueness to your digital resource or collection. Terra Virtua being the marketplace automatically gives you the right to trade or auction your generated digital art for the highest price offered. Content generation is a feature that is housed in the Terra Virtua digital art gallery. These two features are interconnected.

These are the features that are developed till the date of writing, the team however taking onboard new key strategic partners to add more value to its offerings and develop more features to revolutionize the entertainment industry.

TVK-Kolect Tokenomics

Kolect is the driving force of Terra Virtua, opening up an entire universe of advantages, encounters, and opportunities. We take the best of what's out there and wrap it into one, astounding social, fan-centric ecosystem. TVK or Kolect is the unique selling offer of Terra Virtua. The idea was to bring the power and advantages of blockchain to the world of art collection and entertainment. Adding value to the experience of users through the use of NFTs and DeFi is what the core purpose of TVK is.

Terra Virtua Prestige is the loyalty program offered through staking of TVKs. This is solely related to the number of Terra Virtua Kolect one hold, and reaching a certain number of TVK you will become a member of the Terra Virtua Prestige. This is not just symbolic like other generic platforms but being a member you can unlock a number of benefits like discounts and early access to new releases, access to premium and exclusive collectibles, unique features of Terra Virtua environments, and monthly drops of exciting NFTs and TVKs.

The Terra Virtua Rewards are not just drops of random NFTs based on your trade volume. These rewards are related to the gamification layer of Terra Virtua. The purpose is to engage consumers at a much deeper level. Concepts like badges, leaderboard wins, best of all, and highest bid will be introduced for rewarding consumers with NFTs and TVK Kolect rewards.

Create and Connect is basically generating and distributing your own 3D or 2 D NFTs collectibles across the Terra Virtua ecosystem including a digital art gallery, Fan cave, and AR. You can also create your own fan token linked to TVK or you can connect to brands by collaborating with them through the staking of TVK tokens.

The Takeaway

In short, this is just the beginning for the Terra Virtua Ecosystem and TVK-Kolect. There is a lot more to come and as the available data shows that Terra Virtua believes in under-promising and over-delivering so we can expect a lot more milestones to be achieved. However, what is done so far is also exceptional and has opened the doors of a new world of entertainment by making digital collectibles tradable through incorporating virtual, augmented reality, DeFi, and securing the intellectual property with the power blockchain. This does not only benefit the consumer of digital art and artifacts but has also empowered the online content generators.