Metaverse — the retrospect of World Blockchain Summit in Dubai

On October 24–25, Eric Gu, the founder of Metaverse Foundation, was invited to attend the World Blockchain Summit held in Dubai. World Blockchain Summit gathered emerging blockchain enterprises and senior blockchain experts. Metaverse team discussed the development and prospects of the blockchain technology together with many participants. At the same time, Eric Gu delivered a speech and shared his unique opinions with respect to blockchain.

At the summit, Eric Gu gave a presentation themed “Digital Identity: Commercial Application of the Blockchain”, which explains the importance of digital identity in the development of blockchain technology. Additionally, the founder elaborated China’s first public blockchain Metaverse’s development progress and its huge commercial potential in digital identity, digital assets and BaaS.

Dubai government attached great importance to the World Blockchain Summit, where government officials attended the meeting and participated in the discussions actively and passionately. Metaverse Entropy team talked about the development and application of blockchain with officials from Department of Economic Development and Dubai Health Authority. Furthermore, Eric shared his views over some specific issues.

The founder of Metaverse Foundation, Eric Gu expressed,

I am very honored to be here and discuss with these excellent blockchain experts from all over the world on how will the blockchain create new value and serve all industries as well as how will Metaverse-based digital identity, digital assets and Blockchian-as-a Service (BaaS) be able to help these fields operate more efficiently and trustworthily. I would also like to express my heartfelt thanks to these outstanding professionals and industry experts for their suggestions, which will urge us to make further progress.

More Metaverse (ETP) Trading Live

Metaverse (ETP) trading has now begun on Bitfinex and is available on trading pairs ETP/USD, ETP/BTC & ETP/ETH.

Metaverse is a public blockchain based on the PoW consensus mechanism. Metaverse is committed to providing decentralized services based on asset registration, digital asset exchange, digital identity and value intermediaries in order to build an open ecosystem in which digital value can be circulated freely. ETP is the token used on Metaverse EPT and can be used to measure the value of smart properties in Metaverse or as collateral in financial transactions. ETP is also used to pay transaction and other fees applied on Metaverse.

Margin trading for these pairs will be enabled at a later point in time, once the order book develops sufficient liquidity.

Baofeng Bokocloud and Metaverse Announce Strategic Partnership

Baofeng Group (Shenzhen Stock Code: 300431) subsidiary Beijing Baofeng Xinying Technology signed a strategic partnership with Metaverse on 25 December 2017. As strategic partners, both parties will jointly research and develop the Blockchain Consensus Network (BCN) as well as Blockchain-as-a-Service architecture, with the aim of expanding blockchain technology applications.

According to the terms of the partnership, Metaverse will provide technical support for full nodes for Baofeng Bokocloud and assist with upgrades to their consensus mechanism and incentive model. Baofeng Xinying will also be appointed as an honorary member of the Metaverse Foundation, and help enrich the Metaverse ecosystem with resources built on the BCN. Their architecture will support Metaverse’s full nodes and all future versions of the Metaverse blockchain. Baofeng Xinying will also provide a range of BCN services including system setups, network commissioning and 24/7 technical support for Metaverse to ensure the security, stability and performance of the Metaverse blockchain network.

Metaverse is the first public blockchain project to propose the concept of digital identities. Digital identities will be based on Metaverse’s unique blockchain ecosystem, with use cases built around the functions built into the Metaverse blockchain, Blockchain-as-a-Service and Metaverse wallets, and are capable of providing verification and authentication functions for various industries. 

About BFC Bokocloud

Launched by Beijing Baofeng Xinying Technology, a subsidiary of Baofeng Group (Shenzhen Stock Code: 300431), Baofeng Bokocloud is the world’s first Blockchain Consensus Network (BCN) platform. With a focus on blockchain technology, large file delivery networks and the commercial and home video services market, Beijing Baofeng Xinying Technology has a wealth of practical experience and technical knowledge in the areas of large-scale and high-concurrency distributed file systems. Baofeng Group is a public company listed on the Shenzhen Stock Exchange. With over 300 million users worldwide, it offers a wide range of products and services including the Baofeng Online Video Service, Baofeng Magic Mirror VR, Baofeng Sports and Baofeng Internet TV.

About Metaverse

Metaverse is a leading public blockchain based in China. Designed to facilitate low-cost, convenient transfer of digitized personal data and assets with unprecedented security and privacy, Metaverse aims to revolutionize the way financial services and transactions are processed and to improve outdated and inefficient identity verification services with a network of Digital Assets, Digital Identities, and Oracle Intermediaries.