The Metaverse is a decentralized project developed based on blockchain technology. On the Metaverse, we will establish a Smart Asset Network System (Digital Asset Web), integrating services frameworks for Digital Identity Verification and Value Oracle within the blockchain.

The Metaverse is also Chinas leading public blockchain. The Metaverse aims to achieve efficient and convenient digital personal data and asset transfers, ensuring the security of transactions and personal privacy. The Metaverse is dedicated to fundamentally transforming the way financial services and transactions are conducted, improving existing identity verification services through digital assets, digital identities, and a network of value oracles.

Project Highlights

The Metaverse primarily introduces three concepts: Digital Assets, Digital Identity, and Value Oracle.
Digital Assets
A decentralized virtual asset that can be self-registered, traded, issued, mortgaged, and destroyed on the Metaverse blockchain. Due to the use of blockchain technology, all assets possess characteristics such as decentralization, trustlessness, traceability, and immutability.
The development of digital asset functionality has been completed, and the Metaverse is currently focusing on the development of digital identity.

Digital Identity
A set of identity ledgers managed by users themselves on the Metaverse blockchain, dynamically recording the relationships between identities and assets, and between identities themselves, upon which digital credit is established.
While often overlooked in many public chains, the Metaverse consistently emphasizes the importance of digital identity in the development of blockchain technology. Once applied on the Metaverse, any entity can create its own digital identity and use it to manage assets and conduct information queries on the blockchain.

Value Oracle
When providing services to others while using the Metaverses digital identity as an identifier, it is referred to as an Oracle. The Metaverse does not advocate for the elimination of intermediaries but rather incorporates them into the blockchain for "highly transparent supervision."

Use Cases

Any project with requirements for digital assets and digital identity can utilize the Metaverse public blockchain. The Metaverse blockchain can embed digital asset and digital identity services into any application in a BaaS (Blockchain as a Service) form.

In traditional internet applications, databases are managed in a centralized manner, which precludes account information and asset information from being seamlessly transferred across platforms. For example, an Alipay account cannot be used to log in to the WeChat application, nor can WeChats balance be used in the Alipay application.

The emergence of digital identity solves the pain points of accounts not being usable across platforms and assets not being transferable between platforms. With just one Metaverse account, users can log in and access different application platforms, and they can share assets from their Metaverse wallet across these applications.

More interestingly, the Metaverse creates a trading platform where intermediaries participate. For instance, consider creating a lending platform. Capable intermediaries can join and provide loans. Through the confirmation of digital identity, the borrowing capacity of the borrower is assessed. The primary role of blockchain technology here is to enhance security and reduce the complexity of transaction processes.

Relevant Information:
https://www.dprating.com/rating/report/4

https://mvs.org/cn/foundation.html