Metaverse, the beginning of a new world
All industries around the world are paying attention to Metaverse. Metaverse is absorbing all the market’s attention with its powerful ripple effect, which is considered the most innovative industry transformation since the popularization of the Internet in the 1990s and the spread of smartphones in 2007.
Metaverse is implemented through eXtended reality (XR) technology, it still requires a core technology to reliably support it. Therefore, blockchain technology is in the spotlight within Metaverse to create an environment where assets can be safely owned and traded like the real world. In addition, NFT, which certifies ownership of various digital goods, and cryptocurrency, a means of transferring goods between online entities, has become a vital element of the Metaverse.
BOSAGORA declares ‘Metachain’ optimized for Metaverse
BOSAGORA has become the most suitable blockchain for the Metaverse environment because of its flash layer, enabling safe, accurate, fast, and low-cost transactions. Accordingly, we declare that BOSAGORA’s blockchain is a ‘Metachain’ optimized for the Metaverse. Furthermore, we intend to build a Metaverse ecosystem by working with related companies with the highest level of technology to create a blockchain-based Metaverse called “MetaCity”.
The MetaCity aims for Metaverse that cover unprecedentedly broad areas. The MetaCity is a new online world where everything you enjoy in the real world, including finance like T-Fi, government-led public education, commerce with large global brands, and entertainment such as games and content.
To make this a reality, BOSAGORA launched the MetaCity Forum with the world’s best-related partners.
Configuration of Forum
To create the most comprehensive and complete Metaverse, BOSAGORA has formed the ‘MetaCity Forum’ with the following partners to develop MetaCity
BOSAGORA, a blockchain dedicated to Metaverse with a flash layer
Blockchain’s scalability problem is one of the trilemma issues of blockchain along with decentralization and security issues. Bitcoin has created a Lightning network that solves transaction speed and transfer fees, and Ethereum is trying to overcome this through sharding using distributed DB technology, and plasma, or roll-up as a side chain.
BOSAGORA developed the flash layer for the same reason. The flash layer solves the problems of transaction speed and scalability by processing micro-transactions such as payment and only connecting the results to the blockchain.
With the powerful features of instant payment (quickness), reliable transmission (accuracy), secure network (security), and low commission (economic), The MetaCity users can quickly move assets anywhere, anytime within the MetaCity. In addition, millions of simultaneous users at a time and near-infinite transactions per second, enabling them to enjoy seamless the MetaCity anywhere in the world.
With the MetaChain that embraces the flash layer, BOSAGORA will strive to make the “MetaCity” be the largest Metaverse ecosystem that includes numerous Metaverse services.
Aiitone, the best Metaverse simulation solution company
Aiitone, a KOSDAQ-listed company specialized in AI technology and intelligent training technology using VR, AR, and MR, has a wide range of AI and VR solutions ranging from VR English conversation content ‘VR New York Story’ to voice recognition AI and intelligent defense.
Aiitone is ready to lead the Metaverse era with its XR platform, which is widely used as an “extended reality” using its technology, which will help construct Metaverse services.
Uracle, Korea’s leading mobile app standardisation & blockchain middleware company
From mobile services to blockchain middleware, Uracle is developing various mobile businesses based on the technology required for IT services. Uracle’s mobile service platform will help more people readily understand and utilize Metaverse.
Global Blockchain Innovation Think Tank, BRI (Blockchain Research Institute)
The Blockchain Research Institute (BRI), co-founded by Don Tabscott, a global blockchain guru, is an international blockchain research institute that studies blockchain technology and ripple effects with global industry leaders, intellectuals, policymakers, people in business and researchers.
BRI will contribute to the MetaCity ecosystem by providing various business opportunities such as research activities on the linkage of blockchain and the real economy and global networks, including North America.
Completion of a strong Meta ecosystem with the MetaChain
The number of global users of Naver ZEPETO has already exceeded 200 million. International brands such as Gucci, Nike, and K-pop stars such as BTS, BLACKPINK, and Itzy sell their goods and items at ZEPETO. And more brands are now preparing a lot of business, content, and advertisements on ‘Metaverse’ past TV, social media platforms, YouTube, and Netflix.
The Metaverse world is ultimately made up of people’s desires and curiosity. Some will play games and decorate their characters, some will stream music and buy merchandise for their star, and some will shop and order food. In other words, where there is people’s consumption, there will always be demand for commerce, payment, and virtual currencies, and the market always requires a stable system. Therefore, where everything is digital, the Metaverse ecosystem is vital for stability and scalability and requires the most optimized network, such as a blockchain.
Therefore, BOSAGORA intends to implement the “MetaCity”, a blockchain-based Metaverse based on a stable blockchain and a flash layer with the highest scalability. Now is just the beginning. BOSAGORA’s MetaCity will continue to grow through infinite dApp expansion, providing new digital services with businesses, education, culture, and national businesses worldwide and creating a MetaCity digital ecosystem beyond the real world. There are already in-depth consultations with many companies and public institutions, and we expect the plan to materialize soon. We will release the program sequentially when the presentation is available.
Please look forward to an entirely new future created by the MetaCity Forum based on the Metachain of BOSAGORA.