The metaverse is a digital realm that encompasses various aspects of life and the environment, it will be an integral part of everyone's future. In order to preserve the values of autonomy, it is crucial to empower individuals, rather than allowing a select few corporations, to govern and control the metaverse.
A decentralized approach, utilizing decentralized ledger technology (DLT), is the most viable solution for achieving this goal. This decentralized metaverse is the ultimate version that will ultimately prevail.
Identities in the Metaverse
Digital identities will be a crucial aspect of the metaverse, providing individuals with new ways to express themselves and interact with others. In order to ensure the metaverse is decentralized, it is also necessary to decentralize the issuance, management, and use of these digital identities. To achieve this, we take a two-pronged approach.
One approach is to use a "Soul Bound Token" (SBT) on a decentralized ledger (blockchain) that is linked to a specific individual's blockchain account or wallet. The other approach is to follow and participate in open standards set by organizations like the W3C Decentralized Identifier Working Group and the Decentralized Identity Foundation (DIF).
Transacting in the Metaverse
The traditional financial systems are often restrictive and the native crypto solutions may lack important compliance measures like KYC and AML. META PLANETARY strikes a balance by providing a decentralized solution for cross-border payments while still maintaining the necessary level of accountability and regulation for large-scale transactions.
We utilize BNB Liquidity Hub, which has built-in support for digital assets from global crypto markets, and our platform is designed to be compatible with the Ethereum Virtual Machine, allowing for integration with legacy systems and decentralized finance smart contracts on Binance Smart Chain and Ethereum.
META PLANETARY’s Distinguished Metaverse Suite
META PLANETARY offers a mobile application that acts as a user-agent and supports major token standards across various blockchain platforms.
KYC-as-a-Service is a method of performing customer identity verification using standard procedures. This is typically used in legacy systems to verify the identity of an individual or organization before allowing access to certain services or transactions.
META PLANETARY provides a mechanism for an individual to obtain a Consolidated ID (CID), which amalgamates all of his/her existing Web 2.0-based IDs.
META PLANETARY has an auto-conversion feature that enables users to automatically convert any currency to META PLANETARY's native currency for making payments to other users or merchants. This allows for seamless transactions without the need for manual currency conversion.
META PLANETARY's Omni Bridge is a technology that aims to connect various platforms together seamlessly, allowing for communication and interoperability between them. This allows users to access and use different platforms without the need for separate logins or identities, creating a more streamlined user experience.
META PLANETARY fully adheres to the principle of decentralization by incorporating a decentralized governance structure into its foundation. This is achieved through the use of our own unique token, named META PLANETARY.Learn more Audit