Multiverse is an open multichain metaverse, governed and owned by the common people. Metaverse is a digital reality, holding aspects of cryptocurrencies to permit users for virtual interaction. According to the whitepaper, the platform is a decentralized ecosystem for building and deploying planet projects. However, many people have great ideas on how artificial intelligence can help their communities but are limited due to a lack of coding skills. Therefore, Multiverse aims to help people start projects without writing code or raising significant capital. The platform seeks to have a high-throughput blockchain and a cryptographically secure and verifiable ledger.
The platform has a Multiverse AI token, an ERC-20 token. When the users transfer the ERC-20 AI token in the Multiverse, it autonomously converts into Multiverse blockchain's native AI coin. Also, the users can transfer AI tokens into the Multiverse by using the MetaMask wallet browser extension.
Furthermore, the platform has planets that are DApp projects built by community members of Multiverse. Each planet has its product, decentralized exchange (DEX), planetary tokens, tokenomics, and governance model. Each planet's decentralized exchange seeks to permit the user to stake the Multiverse coin for a corresponding amount of planetary token. Also, the rules are initially determined by planet founders coded into smart contracts. A smart contract is a self-regulated contract with the term of the agreement between traders directly written into lines of code.
Multiverse Coin is a nonrefundable utility token used to exchange between participants on a Multiverse in a decentralized manner. The platform's ecosystem and blockchain seek to ensure that the rules, economics, and worker's rights on each planet are fully transparent to participants. Further, the founders in the Multiverse are independent teams forming new planet projects and assembling a team from talent within and outside the Multiverse.
Moreover, the citizens of the platform form the network of users and devices providing the system's intelligence. Citizens of Multiverse mine data and provide human knowledge to create machine learning systems. Citizens can vote on governance issues for planets where they hold citizenship. However, Multiverse has UniverSwap, allowing Multiverse Coin holders to swap their tokens into locked planetary tokens. Swapping permits users to exchange one cryptocurrency with another without affecting the user's blockchain wallet.
Additionally, Multiverse Coin aims to provide a secure and convenient mode of payment. Besides, Multiverse Coin utilizes Multiverse light bridges to connect to the Multiverse ERC-20 token AI for compatibility wallets and exchanges.
History of Multiverse (AI)
Heathclif Szu is the cofounder of Multiverse. D.M Tong is the CTO of the platform.
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