Metaverse was inspired by Neal Stephenson’s 1992 science fiction novel “Snow Crash”. Metaverse was created to represent a similar virtual reality where humans control and interact using their own Avatars.
Established in 2017, Metaverse is a front-running decentralized, open-source platform for digital asset architects. Most digital assets on Metaverse are created using the Metaverse Smart Token (MST) or the Metaverse Identifiable Token (MIT) for non-fungible tokens (NFTs). Metaverse is also known for its intuitive Digital Identity (Avatar) system and its secure ledger system supported by a hybrid consensus algorithm of PoW and PoS.
In 2020, we decided to revise the growth strategy to upgrade and expand its technologies to a wider community by building Metaverse on Substrate. This development will feature higher scalability, faster TPS, enhanced tools to build decentralized applications and allow other independent ledgers to connect, exchange information, and complete transactions.