What is Metaverse.Network Pioneer Coin (NEER), blockchain token for metaverses?

Metaverse.Network is a blockchain for metaverses, games and dapps. It supports WASM and Ethereum compatible smart contracts for developers to create dApps and games that can be run on the network. Metaverse.Network Pioneer is live as Parachain in Kusama. Read on and learn more about Metaverse.Network.

What is Metaverse.Network Pioneer and Bit.Country (DOWN)?

Bit.Country Pioneer (NEER) is the first decentralized metaverse app built on the Metaverse.Network blockchain. Bit.Country allows users to interact directly with Metaverse.Network’s Layer 1 blockchain. Using the browser-based application Bit.Country, ordinary users and developers can access the blockchain and create metaverses without any technical skills.

Metaverse.Network is a substrate-based blockchain, custom designed and open to metaverse projects. It is Parachain connected to the Kusama Relay Chain. Bit.Country & Metaverse.Network Pioneer is a canary network and will transition to the Dot Relay Channel when Bit.Country & Metaverse.Network are ready to launch on the mainnet. The Metaverse.Network platform, on the other hand, is an EVM-compatible blockchain that contains all the protocols necessary for the development of Metaverses and DApps. Metaverse.Network is a powerful public blockchain that supports smart contracts, NFTs and dApps.

The Bit.Country & Metaverse.Network project is led by a team of experienced blockchain developers and entrepreneurs. The team has a strong vision for the future of Metaverse and is building a community approach that will allow Bit.Country & Metaverse.Network to become the foundation for creating Metaverses on a Web3 Internet.

Metaverse.Network was founded by the Metaverse Foundation, a non-profit organization in Singapore. The Metaverse Foundation is committed to the development of Metaverse and its ecosystem. Founded and officially launched in March 2021, the foundation will also be used to establish grant and award programs as incentives to create value in the Metaverse.Network ecosystem.

How do Bit.Country and Metaverse.Network Pioneer (DOWN) work?

The Bit.Country project and Metaverse.Network work together to provide users with an easy way to create Metaverses and deploy DApps. Metaverse.Network is the underlying blockchain that provides the necessary protocols for metaverses and DApps. The Bit.Country application allows common users and developers to access Metaverse.Network and create Metaverses without any prior technical knowledge.

At its core, the project aims to foster a community approach that allows Bit.Country & Metaverse.Network to become the Metaverse operating system for a new Web3 Internet. This is done by enabling anyone to easily develop a metaverse and deploy DApps without hiring expensive hardware or skilled developers. Metaverse.Network uses Substrate technology, the same technology that powers Polkadot and Kusama. It has a low gas flow NPoS consensus mechanism and a metaverse-specific NFT standard.

Metaverse.Network is also cross-chain compatible, allowing it to connect to other blockchains such as Ethereum, Bitcoin, and more. As an EVM-enabled blockchain, Metaverse.Network can support all Ethereum-based DApps and can therefore run on Solidity. This means that Metaverse.Network can act as a “side chain” for Ethereum and process transactions much faster than the Ethereum mainnet.

This makes the Metaverse.Network blockchain scalable through its sharding technology, allowing it to process more transactions per second as the ecosystem grows. Overall, this project aims to be the spatial and temporal foundation of a Web3 internet, where anyone can develop a functional, efficient and easily accessible metaverse.

What is the difference between the Metaverse.Network project and Bit.Country?

Metaverse.Network and Bit.Country are unique in their approach to the metaverse. While most metaverse projects struggle to create a centralized system, this project focuses on a network of community-owned and created metaverses and dApps. The project uses Substrate technology, the same technology that powers Polkadot and Kusama.

It features a low gas throughput NPoS consensus engine optimized for Metaverse applications. Additionally, Metaverse.Network will be the first L1 Metaverse blockchain focused on delivering Metaverse as a Service (MaaS) and Bit.Country will be the world’s first Dapp to enable interoperable and functional user-built Metaverses. The project also has a strong team with members who have been working in various related fields since 2018.

DOWN and NUUM Tokens

The Bit.Country and Metaverse.Network project uses the NUUM token, the network’s currency, and the NEER token, which is similar to NUUM, but is only useful in Bit.Country Pioneer as a network canary for Metaverse.Network . The NUUM token is used to pay transaction fees on the Metaverse.Network blockchain. This token can be used as a universal currency to buy resources such as NFTs and Land Blocks on the Bit.Country marketplace.

The NEER token, on the other hand, runs on the Bit.Country Pioneer canary network, where it functions as a smaller token with the same functionality as the full NUUM token. Users can use this token to test features and functionality of Metaverse.Network before the mainnet release.

Where do you buy the NEER token?

The NEER token can only be bought on one major cryptocurrency exchange, which is: Kucoin

Conclusion

Bit.Country & Metaverse.Network is unique in many ways. Not only is it the world’s first blockchain for metaverses and DApps, but it is also one of the most ambitious projects in the industry. The team behind the project has a clear vision and is working hard to make their vision a reality. PortalCripto hopes that you, the reader, have received the necessary information about the Bit.Country project and Metaverse.Network.

* PortalCripto appreciates the quality of the information and attests to the verification of all the content produced by its team, but emphasizes that it does not make any form of investment recommendation and is not responsible for losses, damages (direct, indirect and accessories ), costs and loss of profit.

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