. @Vanar In 2025, a radical thing was done: launched a five-layer AI Stack architecture, repositioning itself from a 'gaming entertainment chain' to an 'AI-native blockchain'. The problem is the market did not accept it, $VANRY the token plummeted from $0.30 in March 2024 to $0.009 in January 2026, a drop of 97%, and the market capitalization shrank from 400-500 million dollars to less than 20 million dollars.

What is Vanar

An EVM-compatible Layer 1 blockchain, formerly known as the Terra Virtua Kolect (TVK) metaverse project. Using PoA consensus, block time is 3 seconds, transaction fees are fixed at $0.0005, and the design goal is to allow Web2 gamers to seamlessly enter Web3. The total token supply is 2.4 billion, exchanged 1:1 from the original TVK in 2023, with no team token allocation.


Product Implementation and AI Transformation

The ecosystem revolves around two major products: Virtua Metaverse (Web3 social entry) and VGN gaming network (flagship product Jetpack Hyperleague). The AI Stack, launching in 2025, includes Neutron Seeds (converts documents into AI-readable formats) and Kayon Engine (on-chain reasoning, no oracles needed), targeting RWA and PayFi scenarios


Core partners include Viva Games Studios (700M+ downloads, previously collaborated with Disney and Sony) and NVIDIA Inception (providing AI computing resources)


Key Risks

  1. PoA Centralization: Beosin's audit clearly points out the risks of centralization, with all initial nodes run by the Foundation

  2. Data Missing: Key metrics such as DAU and transaction volume for Jetpack Hyperleague are not publicly disclosed, making it impossible to verify ecosystem progress

  3. Regulatory Concerns: RWA and PayFi involve complex legal issues, and the legal effectiveness of Kayon's automated compliance logic has no precedent

  4. Market Confidence Collapse: A 97% drop is not just a bear market issue, but reflects the huge gap between the actual performance of the ecosystem and its promotion

#vanar 's technical design is relatively sound, the white paper is complete and transparent, but the market has already voted with its feet. What remains to be seen is whether the team can prove itself in product delivery and user growth

This article is for research purposes only and does not constitute investment advice