Metaverse (ETP) -The dwindling level of trust gifted to the crypto world these days due to the varied and unprecedented levels of drama experienced by its investors, I suppose, is visible to the blind and perceivable to the ‘noseless’.
It is therefore important for crypto lovers to know new, and most importantly, spot genuine crypto opportunities. One of such opportunity, is Metaverse (ETP).
Demystifying Metaverse (ETP)
Founded in 2016, Metaverse (ETP) is a China based project that aims to rival a host of cryptocurrencies. The project in itself, is called Metaverse, while the token is known as the Metaverse ETP. Based on blockchain technology, Metaverse is a decentralized platform of digital identities and smart properties.
In simple terms, the aim of Metaverse, is to establish the “internet of value” infrastructure. They do this by combining digital identities, oracles, and digital assets to build what is called “smart properties”.
Metaverse provides digital financial services through a system known as Blockchain As A Service (BAAS). They are basically combining many and different ideas into one platform, thus, ensuring the easy creation and deployment of blockchain applications on the platform.
A major difference between other blockchain projects and Metaverse (ETP) is that while the former focuses on delivering value for developers, Metaverse is focused on delivering value for business enterprises. Some call Metaverse the Chinese version of Ethereum, and for valid reasons, Metaverse is quickly becoming China’s Ethereum!
Metaverse (ETP) Unique Features
One of the major and unique features of Metaverse, that distinguishes it from most other form of cryptocurrencies is in its digital asset registration. Although new, the importance of digital assets is on the rise. With Metaverse (ETP), you can own your digital assets on chain.
Metaverse allows for physical assets to be digitalized. This, thus enhances their value and market efficiency. With their digitalization, physical assets can achieve more volume and a higher level of fluidity.
Another aspect of Metaverse crypto that makes it unique, is in its use of oracle intermediary. Oracle intermediary services are services that are built upon decentralized reputation systems. Oracle intermediates between Metaverse and the real world. They are generally designed to pull sports scores from the internet. Also, reputable financial institutions and government agencies can register as oracles, to serve as an unbiased intermediary.
In Metaverse, you have a digital identity that is designed to hold your records for ever. Also known as the Avatar feature of Metaverse, it allows for the exchange of information and assets through digital means, they thereby help in the connection of people and companies to the Internet of Things (IoT). This means that you have a digital identity that remains yours in perpetuity.
Lastly, Metaverse has a decentralized medium of exchange. This means that Metaverse users can effortlessly and freely exchange values over the Metaverse.
Metaverse (ETP): A Solution To A Wide Variety Of Problems
It is only reasonable to expect that, just like every innovation, the Metaverse platform also seeks to solve some problems. Let us briefly see some of this problems.
A major need of digital asset blockchain is for the language of the contracts to be business friendly. Metaverse solves this common challenge by not having a pre-defined set of transaction types. This makes sure that transactions are flexible and applicable to a wide variety of applications and businesses. It is no more news that digital blockchain assets that wants to be reputable and successful in China should, and needs to be based in China.
This is because the Chinese government obviously supports Chinese businesses over non-Chinese businesses. This obvious and healthy bias can be seen in instances such as the fact that China likes using WeChat instead of WhatsApp, Baidu instead of Google and Alibaba, instead of Amazon. It is understandable due to this antecedents, that Metaverse also, will soon be the Chinese replacement for Ethereum.
What Is Fascinating About The Metaverse (ETP) Wallet?
The Metaverse (ETP) does not require a private key to create public addresses. This is because the wallet is a deterministic wallet. This enables its users to restore wallets without the need of personal information.
Metaverse also allows its users to own customised assets. This means that the customers can create and own assets from the Metaverse platform and also access them from the same place.
Lastly, customers can create as many ETP address as possible and transfer ETP tokens between the addresses. Metaverse has shown remarkable potential, this can be seen in the numbers of Chinese companies that has, and are ready to build platforms on the Metaverse blockchain. We only expect it to get better.