Netvrk
Netvrk is a New York-based blockchain virtual reality platform founded in 2017 that combines cryptocurrency, tokenized digital assets, and a patented virtual world generator to deliver shared VR/AR experiences with gaming as the primary use case.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Netvrk does
Netvrk (also stylized NetVRk) is a blockchain-based shared virtual reality platform founded in 2017 and headquartered in New York. The company combines cryptocurrency and tokenized digital assets with immersive VR and AR experiences, with gaming cited as a primary use case, and operates a patented virtual world generator intended to let users and creators build and monetize persistent 3D environments. It is grouped within the AR/VR crypto sector alongside projects such as Decentraland, CEEK VR, Highstreet, Victoria VR, and OVER, a category whose combined market capitalization was reported at approximately $4.22 billion as of February 2024.
The company's revenue model, pricing structure, customer segments, and product roadmap are not documented in the available sources. Its only disclosed capital event is a $490,000 funding round closed on 23 February 2021 with nine crypto-native investors, including Blocksync Ventures, Dutch Crypto Investors, Exnetwork Capital, GD10 Ventures, GTA Ventures, Momentum 6, Node Kapital, SkyVision Capital, and SMO Capital. Leadership consists of CEO Dan Kennedy, Co-Founder and COO Linus Chee, Founder and CTO Michael Katseli, and Chief Creative Officer Jay Shindell, with firmographic data listing 51–100 employees.
A material caveat: the company's primary domain, netvrk.co, is currently parked by GoDaddy, and no active web presence, app store listings, or recent corporate communications are available. Combined with the absence of disclosed revenue, follow-on funding, or product launches since 2021, this signals either material operational contraction or dormancy. Any investment assessment should treat the company as effectively non-operating on observable evidence, pending confirmation of any successor entity, relaunch, or pivot.
Netvrk firmographics
Firmographics- Name
- Netvrk
- Website
- https://netvrk.co
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Netvrk is a New York-based blockchain virtual reality platform founded in 2017 that combines cryptocurrency, tokenized digital assets, and a patented virtual world generator to deliver shared VR/AR experiences with gaming as the primary use case.
- Ownership category
- akta.pro rank
Netvrk industry classification
Industry- Product category
- Metaverse Platform
- NAICS
- Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (5162)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Metaverse Virtual World Platforms (social worlds, land, UGC) (FSAPAGAD)
- akta.pro secondary industries
- On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB), VR/AR Gaming Hardware (Headsets & Controllers) (HDACANAD)
Keywords
Where Netvrk is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Netvrk business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Netvrk product offering
Product offeringCore offering
Netvrk operates a blockchain-based shared virtual reality platform that combines cryptocurrency with immersive VR/AR experiences, featuring a patented virtual world generator. The platform targets gamers and virtual world participants seeking decentralized, crypto-native environments for social and interactive use.
Product overview
Netvrk is a blockchain-based platform that combines cryptocurrency with immersive virtual and augmented reality experiences. The company operates in the AR/VR crypto sector. No detailed product architecture or named modules are available in the provided source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Netvrk Platform A blockchain-based shared virtual reality platform combining cryptocurrency with immersive VR/AR experiences and featuring a patented virtual world generator, targeted at gamers and virtual world participants.
Companies that use Netvrk
Customer profileIdeal customer profiles1 record
Netvrk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Netvrk partnerships and signals
Strategic signalScale indicators2 records
Recent moves2 records
Expansion highlights3 records
Netvrk competitors and assessment
Company assessmentDirect peers
- Decentraland: Decentraland is the flagship blockchain-based virtual world where users buy land and build experiences. It is explicitly named alongside NetVRk in the AR/VR crypto sector overview and shares the same metaverse-virtual-world category.
- The Sandbox: The Sandbox is a blockchain-based virtual world with UGC land and an in-world voxel editor — a direct functional analog to NetVRk's virtual world generator offering tokenized land and creator tools.
- CEEK VR: CEEK VR is a blockchain-enabled VR entertainment and virtual world platform. It is named in the same AR/VR crypto overview as NetVRk, with a closely comparable product and monetization model.
- Highstreet: Highstreet is a tokenized virtual world focused on commerce and immersive brand experiences. It is listed alongside NetVRk as a notable project in the AR/VR crypto sector with parallel metaverse positioning.
- Victoria VR: Victoria VR is a blockchain-based VR metaverse platform that closely mirrors NetVRk's positioning — it is cited in the same sector list, sharing an end-user-facing VR world and tokenized economy.
- OVER The Reality: OVER is an augmented reality metaverse built on blockchain. Mentioned alongside NetVRk, it competes in the adjacent AR-metaverse niche with similar Web3-native tooling.
Broad incumbents
- Roblox: Roblox is the dominant UGC virtual world platform with a mature creator tooling stack (Roblox Studio). It is a broad market incumbent whose world-building approach mirrors NetVRk's generator thesis, but in a centralized, non-crypto model.
- Meta Horizon Worlds: Meta Horizon Worlds is Meta's consumer social VR platform. It provides a benchmark for central-incumbent virtual worlds and demonstrates the scale of resources committed to the category NetVRk competes in.
Emerging players
- Spatial: Spatial is an immersive virtual world/spaces platform with NFT and avatar integrations. Comparable to NetVRk in delivering social VR experiences, though without the same tokenized land-economy architecture.
- Mona (Mona Labs): Mona is a Web3 social metaverse focused on creator-built 3D worlds and AI tooling. It overlaps with NetVRk on the virtual-world-generator and creator-economy dimensions.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Netvrk social profiles
Digital presenceNetvrk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Netvrk leadership team
Management profileNumber of profiles
Profiles4 records
Netvrk funding detail
Funding detailFunding overview
Funding rounds1 record
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Netvrk M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Netvrk
What does Netvrk do?
Netvrk operates a blockchain-based shared virtual reality platform that combines cryptocurrency with immersive VR/AR experiences, featuring a patented virtual world generator. The platform targets gamers and virtual world participants seeking decentralized, crypto-native environments for social and interactive use.
When was Netvrk founded?
Netvrk was founded in 2017. It employs 51 to 100 people.
Where is Netvrk based?
Netvrk is headquartered in New York, United States, in the North America region.
Who are Netvrk's main competitors?
Direct peers on record are Decentraland, The Sandbox, CEEK VR, Highstreet, Victoria VR and OVER The Reality. Broad incumbents are Roblox and Meta Horizon Worlds. Emerging players are Spatial and Mona (Mona Labs).
Does Netvrk have an API?
No public API is recorded for Netvrk.
What industry is Netvrk in?
Netvrk's product category is Metaverse Platform. Its primary akta.pro industry code is FSAPAGAD, Metaverse Virtual World Platforms (social worlds, land, UGC), with a secondary code of FSAPAGAB, On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins). Its NAICS code is 5162 and its SIC code is 7372.