Total Ideas

Metaverse participated within the Finwise Summit situated on the Intercontinental Lodge in Hong Kong from Might 28–29. All through an motion packed two days, our core staff members offered Metaverse expertise and demonstrated to tons of of summit attendees how our MyETPWallet works. Our CEO Eric Gu additionally took half in two panels and gave an thrilling speech relating to the longer term growth of Metaverse, one which includes Dualchain (extra on this later) and a decentralized alternate throughout the Metaverse ecosystem. Metaverse sponsored the night gala for the primary night time, the place over 400 attendees celebrated “The Metaverse Dualchain Night time.” Over the past day, we have been lucky to earn a couple of “Finwise Golden Globe” awards, demonstrating that Eric and our undertaking are pioneers within the blockchain trade. There was continuous pleasure on the Metaverse sales space in addition to on the principle stage, and here’s a complete recap of what occurred at Finwise HK.

Day 1

Morning Panel (How Does Blockchain Leverage Fintech)

Eric was a part of a powerhouse panel consisting of moderator Ceng Hao, founding father of the Ant Node Alliance, Draper Dragon Fund co-founder Mr. Li, BTCC founder and CEO Yang Linke, and Zhu Tao, Chairman of the CBIA Council. The panel mentioned matters corresponding to probably the most promising blockchain use instances and the place they see blockchain going shifting ahead. Yang Linke and Eric agreed that crypto exchanges are and might be key gamers on this trade, whereas Ceng Hao famous that underlying all tasks and exchanges are communities, so dedicating sources to constructing communities is and can proceed to be vital for all tasks. Most importantly, Eric identified that public blockchains will proceed to form the trade as these public chains are those within the forefront of innovation.

From L to R: Ceng Hao, Eric, Mr. Li, Yang Linke, Zhu Tao

Afternoon Key Speech (Metaverse Dualchain)

The spotlight of Metaverse’s attendance at Finwise was Eric’s reveal of the following main step in our roadmap, the Metaverse Dualchain System. That is probably the most in-depth Eric has gone in explaining the main points of the Dualchain. Listed here are some key takeaways:

  1. Points that blockchains face at the moment embody scalability and interoperability. Are we aiming for decentralization or velocity? Based mostly on present expertise, you might improve one on the expense of the opposite.
  2. A standard misunderstanding is attempting to unravel the dilemma of decentralization or velocity by means of one single chain, like what Quarkchain is attempting to do.
  3. How do public chains interoperate with non-public chains and alliance chains? We have now a few examples in Cosmos and Polkadot who’re attempting to unravel this problem, and though they’re technically sound, they’re an middleman and considerably centralized as gatekeepers.
  4. The answer to those issues comes within the type of Metaverse Dualchain Community Structure (DNA), which consists of a quick parallel chain with a DPoS consensus, a three-layered node incentive mannequin, a lightning community protocol, and ultimately, a decentralized alternate.
  5. There might be one other Metaverse token known as DNA, which would be the utility token for the parallel chain. Particularly, it is going to act because the token incentive for the lightning community between nodes. Together with the DPoS consensus, we are going to instill a three-layered governance system that composes of the next:

6. Eric additionally shared that Metaverse will ultimately set up a decentralized alternate that might be sure to DNA, to supply a TPS of as much as 600,000 with low charges, enable token issuing and transfers, and incentivize the 23 tremendous nodes to share within the associate dividends.

7. Subsequently Metaverse DNA will be capable of remedy the not possible trinity of safety, decentralization, and scalability with the Twin Community Structure.

In direction of the top of his presentation, Eric additionally shared some thrilling information to the viewers involving funding funds and traders dedicated to the Metaverse DNA Dualchain. Draper Dragon, BitReserve Basis, and Ant Alliance Worldwide Capital have invested in Metaverse from the institutional aspect, whereas Justin Solar from the TRON Basis, Chandler Guo, and Yang Linke have personally contributed.

By way of the roadmap, the Dualchain testnet is slated to launch in December of this yr, whereas the decentralized alternate will launch in Might of 2020, with BTC/ETH/EOS/TRON/and so on. crypto belongings cross-chain swaps coming in September of 2020.

Packed foremost stage

Metaverse Dualchain Night time

On the night of the 28th, Metaverse sponsored a 400 individual plus banquet dinner for the VIP’s and particular visitors of Finwise. From an observer’s perspective, I may inform that Eric nonetheless instructions a large amount of consideration and following among the many viewers. This was exemplified when throngs of individuals wished to take an image with him, which resulted in a line of individuals flowing off the stage.

The commotion!

Day 2

Motion On the Sales space

Although there weren’t as many individuals in attendance on Day 2, all through each days our core staff hung out introducing Metaverse and our lightwallet (MyETPWallet) to numerous fanatics. Many got here as much as ask us the place they’ll purchase ETP, and we re-directed them to our house web page that lists 16 exchanges in addition to the newly added characteristic to purchase immediately from the lightwallet by means of SWFT.

Finwise Golden Globe Awards

The final night of the summit was devoted to honoring these people and corporations who’re contributing to this trade and making an precise distinction in fintech and past. Metaverse and Eric have been very lucky to come back house with three awards, and we’re actually grateful for many who voted for us and those that proceed to help us. Metaverse gained the next awards: Most Influential Blockchain Firm and Know-how Innovation Award. Eric gained the Finest Fintech Chief award in a really aggressive race. Once more, a giant thanks to those that supported us!

The 2 days on the Finwise Summit have been inspirational to not solely myself, however the remainder of the Metaverse staff. To see packed crowds flock to Eric to say hello or throngs of individuals come by the sales space to find out about Metaverse led to a way of pleasure and validation that what we’re constructing is really foundational for the world, a expertise that may enable us to enter The New Actuality.

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