Dvision Network is essentially a blockchain-based VR content ecosystem that also fuels the NFT market within virtual reality. The Dvision Network presents a new world of virtual reality, where humanity can lead a rich life, at the heart of the fourth ICT-based industrial revolution.
In fact, to be more precise, Dvision has 3 important platform pillars, which can be briefly explained as an NFT Marketplace (VR-Market), where you can also create and trade exclusive items; Personalized Virtual Reality (VR-Space), where you can customize and purchase the virtual space; VR-Spaces Collection (VR-City) is a public VR world where you can enjoy the metaverse with other users.
The development of metaverse of Facebook opened a box full of opportunities and startups. It is anticipated that the metaverse industry is expected to expand further, provided growth in the NFT and VR sectors, the global metaverse market will reach a valuation of $280 billion by 2025.
What is Dvision Network (DVI)?
Division Network is one of the rising new developments, a virtual world where users can interact and customize their Metaverse platform. This means that users can properly interact with the platform, with and without extensive coding knowledge, and perform activities such as creating and selling their own unique NFTs.
It is a blockchain-based NFT metaverse platform that establishes a state-of-the-art metaverse ecosystem using its VR technology. This helps to lower entry barriers for all types of users across the world, making it accessible to everyone.
While initially built on Ethereum and moved to Binance Smart Chain for better functionality, Dvision Network intends to broaden its accessibility on metaverse-friendly networks by also integrating with JumpNet and Polkadot.
How Does Dvision Network (DVI) Work?
For a better experience and usability, Dvision Network consists of three main technologies that will facilitate the connection between mobile devices, PCs and users:
- 1) Metaspace
- 2) Meta-city
- 3) NFT
Custom Virtual Space: Meta-Space
Meta-Space is a resource where business owners, designers, store owners and other regular users can create a personalized virtual space according to their preferences.
High quality content: Meta-City
Meta-City is a public space where you can experience various metaverse content such as games, shopping, education and you can even visit different exhibitions here.
Ecosystem expansion: NFT market
The NFT Market is a platform where various items such as collectibles and art are traded. These items are either developed directly by the user or designed by third-party designers if requested.
The platform works seamlessly on a multi-tier architectural plan that ensures the free flow of experience and transfer between users and users and users with the platform. These layers include:
- customer presentation layer
- network transaction later
- Blockchain layer
- Asset layer
customer presentation layer
The client presentation layer is the module responsible for the visual functions, experience and interactions illustrated to users. It gets the Object List and Object Data within the Dvision Network and these come directly from the server at the time of initial access.
Here, the device adapter module performs display quality control (3D / 2D, VR source / not supported, video resolution) depending on the user’s device to provide a favorable user experience where users can explore the split network without any limitations and high performance device requirements.
network transaction layer
Servers within the Dvision Network can be classified into three main categories. The Client-Server is a server that processes requests to acquire objects from the Client and collects actions that occur when the user performs certain actions on the Client.
And there is also a Real-Time Processing Server, which is a server dedicated to handling the interaction of users connected within the Dvision platform, composed of a group of servers with greater Processing Power, and finally there is a DB Server that manages CRUDs all object data on the Dvision platform and delivers that object data to the processing server in real-time consistently.
Asset layer
Objects within the Dvision platform are all managed and treated as independent assets. Each object has a Design Asset, represented within the platform, and a Price Value used for trading within the platform, and all objects are tagged with their owners, including NPC and Base Object. Finally, the NFT concept is applicable on the Dvision platform, and the uniqueness for this is described within the object.
Blockchain layer
All transactions are managed within the Smart Contract, which is also on the blockchain, to ensure the reliability of owner transfers and transactions. Due to the nature of Smart Contract, all transactions incur gas fees, and all transactions within the platform are created using Private Blockchain Side Token to avoid incurring high fees for frequent transactions.
DVI is the official utility token from Dvision Network, it is an Ethereum-based utility token and a cryptographic asset that can be used within Dvision Network’s new VR content ecosystem.
Who are the founders of Dvision Network (DVI)?
There are many collaborative individuals who have come together to develop the Dvision Network. CEO Jung Hyun Eom has 17 years of experience in franchise development. He also holds the patent for the developed ‘VR Curve’. He has also run companies such as Bad VR Co., LTD and Nine VR Nice Co., LTD.
Jae Suk Hang, the CTO, is a professor at the Naval Academy Samsung Electronics VD. He holds a Bachelor’s Degree in Electrical Engineering and a Master’s Degree in Digital Image Processing from KAIST.
Seong Chan Hong, the CLO, is a managing partner of EzLaw Firm and a graduate of Seoul National Student University.
Sung Soo Kim is the head of VR development and is certified in various skills.
Other notable mentions are Won Kyun Lee, the head of marketing, and Yong Jim Chun, the marketing manager.
DVI token
Dvision Network has a current market capitalization of $513.747.764. It has a circulating stock of 266.596.290 DVI coins and a maximum. supply of 1.000.000.000 DVI coins.
What are the use cases for the DVI token?
Users can create, mint and sell their NFTs from scratch, without coding. This means you can sell your creations for a large amount of Ethereum tokens, depending on the El of rarity.
DVI tokens can be purchased on cryptocurrency exchanges and can also be obtained in a form of compensation on the Dvision Network. This means that charges and other extra fees can be paid using DVI tokens.
Tokens can also be exchanged for an equal amount of stablecoin, which can be used to purchase other materials outside of the VR world.
DVI tokens allow participants in the Dvision Network ecosystem to secure a personal Metaspace in the VR world once owned.
What is the Dvision Network Single Point Network (DVI)?
Creating NFTs on networks like Ethereum comes with an expense of transaction fees, called gas fees. This prevents people from trading these variable tokens. Division found ways to eradicate this barrier.
To solve this problem, Dvision turned to JumpNet which allows instant and free NFT transactions.
Also, it is mandatory on other platforms to understand the know-how to coin NFTs. This requirement is different in Dvision as it made it easier for users to enjoy their creativity.
Bottom Line
The development of Facebook’s metaverse opened a box full of opportunities and startups. The metaverse industry is expected to expand further, with growth in the NFT and VR sectors, the global metaverse market is expected to reach a valuation of $280 billion by 2025.
