Metaverse.Network is a blockchain for metaverses, games and dapps. It supports WASM and Ethereum compatible smart contracts for developers to create dApps and games to run on the network. Metaverse.Network Pioneer is live as Parachain in Kusama. Read on and learn more about Metaverse.Network.
What is Metaverse.Network Pioneer and Bit.Country (NEER)?
Bit.Country Pioneer (NEER) is the first decentralized metaverse app built on the Metaverse.Network blockchain. Bit.Country allows users to interact directly with Metaverse.Network’s Layer 1 blockchain. Using the browser-based Bit.Country application, ordinary users and developers can access the blockchain and create the metaverse without any technical skills.
Metaverse.Network is a substrate-based blockchain, specially designed and open for metaverse projects. It is the Parachain connected to the Kusama Relay Chain. Bit.Country & Metaverse.Network Pioneer is a canary network and will transition to Dot Relay Channel when Bit.Country & Metaverse.Network is ready for mainnet launch. The Metaverse.Network platform, on the other hand, is an EVM-compatible blockchain that contains all the protocols necessary for the development of Metaverses and DApps. Metaverse.Network is a high-performance public blockchain that supports smart contracts, NFTs and dApps.
The Bit.Country & Metaverse.Network project is led by a team of experienced blockchain developers and entrepreneurs. The team has a strong vision for the future of Metaverse and is building a community approach that will allow Bit.Country & Metaverse.Network to become the foundation for creating Metaverses on a Web3 Internet.
Metaverse.Network was created by the Metaverse Foundation, a non-profit organization based in Singapore. The Metaverse Foundation is dedicated to the development of the Metaverse and its ecosystem. The fund was formed and officially launched in March 2021 and will also be used to establish grant and award programs as incentives to create value in the Metaverse.Network ecosystem.
How does Bit.Country and Metaverse.Network Pioneer (NEER) work?
The Bit.Country project and Metaverse.Network are working together to provide users with an easy way to create Metaverses and deploy DApps. Metaverse.Network is the underlying blockchain that provides the necessary protocols for metaverses and DApps. The Bit.Country application allows regular users and developers to access the Metaverse.Network and create Metaverses without any prior technical knowledge.
At its core, the project aims to drive a community approach that will allow Bit.Country & Metaverse.Network to become the Metaverse operating system for a new Web3 Internet. This will be done by allowing anyone to easily develop a metaverse and deploy DApps without the need for expensive hardware or hiring skilled developers. Metaverse.Network uses Substrate technology, which is the same technology that powers Polkadot and Kusama. It has a low gas flow NPoS consensus mechanism and a metaverse specific NFT standard.
Metaverse.Network is also cross-chain compatible, allowing it to connect to other blockchains such as Ethereum, Bitcoin and more. As an EVM-enabled blockchain, Metaverse.Network can support all Ethereum-based DApps and can therefore run on Solidity. This means that Metaverse.Network can act as a “side chain” for Ethereum and process transactions at a much faster rate than Ethereum’s mainnet.
This makes the Metaverse.Network blockchain scalable through its sharding technology, which allows it to process more transactions per second as the ecosystem grows. Overall, this project is intended as the spatial and temporal basis for a Web3 Internet, where anyone can develop a functional, efficient and easily accessible metaverse.
What is the difference between the Metaverse.Network project and Bit.Country?
Metaverse.Network and Bit.Country are unique in their approach to the metaverse. While most metaverse projects struggle to create a centralized system, this project focuses on a network of community-owned and created metaverses and dApps. The project uses Substrate technology, which is the same technology that powers Polkadot and Kusama.
It features a low gas throughput NPoS consensus engine optimized for Metaverse applications. In addition, Metaverse.Network will be the first L1 Metaverse blockchain to focus on providing Metaverse as a Service (MaaS), and Bit.Country will be the world’s first Dapp to facilitate interoperable and functional user-built Metaverses. The project also has a strong team with members working in several related fields since 2018.
NEER and NUUM tokens
Bit.Country and the Metaverse.Network project use the NUUM token, which is the currency of the network, and the NEER token, which is similar to NUUM, but only useful in Bit.Country Pioneer as the network canary for Metaverse.Network. The NUUM token is used to pay transaction fees on the Metaverse.Network blockchain. This token can be used as a universal currency to purchase resources such as NFTs and Land Blocks on the Bit.Country marketplace.
The NEER token, on the other hand, runs on the Bit.Country Pioneer canary network, where it acts as a smaller token with the same functionality as the full NUUM token. Users can use this token to test features and functionality of Metaverse.Network before the mainnet release.
Where to buy the NEER token?
The NEER token can only be purchased on one major cryptocurrency exchange, which is: Kucoin
Bit.Country & Metaverse.Network is unique in many ways. Not only is it the world’s first blockchain for metaverses and DApps, but it is also one of the most ambitious projects in the industry. The team behind the project has a clear vision and is working hard to make their vision a reality. PortalCripto hopes that you as a reader have gained the necessary information about the Bit.Country project and the Metaverse.Network.
* PortalCripto appreciates the quality of the information and attests to the verification of all content produced by its team, emphasizing however that it does not make any kind of investment recommendation, without being responsible for losses, damages (direct, indirect and accessory ) , costs and loss of profit.