When 2021 was over, both media and industry practitioners believed that 2021 was the first year of the metaverse.
Now the year 2022 is drawing to a close. After a year, what is the latest trend of the metaverse worldwide?
In the traditional internet industry, Meta, Facebook’s parent company, has decided to invest 20% of its annual financial budget into its own Metaverse project, Reality Labs. Microsoft, the world’s largest computer software company, is deeply concerned about the beginning of the Metaverse era. After acquiring Activision Blizzard earlier this year, Microsoft plans to buy Netflix in 2023 to enrich its gaming and Metaverse-related product lines.
Amazon Web Services (AWS), Intel and Indian Bengaluru International Airport Company are collaborating to launch a 3D product that simulates aircraft takeoff and landing at a Metaverse Airport. Korean game developer Nexon, whose well-known product is Dungeon Fighter Online, is launching a metaverse platform called Nexontown to simulate real-world scenarios for gamers.
Temasek Holdings Private Limited, the Singapore government holding company owned by the Government of Singapore, has invested in a number of Metaverse projects. Another sovereign country, Saudi Arabia, is planning to build a futuristic city based on the concept of the metaverse. The United Arab Emirates also supports the establishment of the Metaverse headquarters on their territory. In order to create a metaverse platform and provide government services in the metaverse, the Korean government has made large investments in the metaverse sector.
World-class companies and governments develop and operate Metaverse-related products. In addition, international financial institutions are intrigued by the Metaverse. By the end of Q1 2022, there had been 120 large-scale financings related to Metaverse totaling $4 billion. The International City Bank estimates that the global economic value of the metaverse will be $13 trillion by 2030.
Such beautiful data can fully explain Metaverse’s development over the past year: The Metaverse industry is inexorably growing upwards.
In this super investment race, the investment institutions don’t have much time left to select lucrative projects.
Based on blockchain technology, Statter Network is a fundamental platform that offers all services for the Metaverse. For institutions looking for a good destination, it is the best company to invest in.
Milky Way in the Metaverse. If we compare that formed from the metaverse to the big bang, thenSTATTER is one of the galaxies formed by the explosion -STATTER galaxies in the metaverse can also be compared to the Milky Way. The mysterious power of the Milky Way forms various perfect galaxies and nebulae. This mysterious power is the core technology ofSTATTER.
This metaphor effectively illustrates the Metaverse narrative of Statter Network. It aims to create not only a blockchain-based Metaverse technology platform, but also a highly efficient and secure Metaverse ecosystem to better serve the Metaverse developers, users and creators.
The nuclear force of the Statter galaxy. The core of theSTATTER galaxy in the Metaverse isSTATTER. How did the countless stars (satellite chains) that orbit the galactic ecosystem form?
Statter’s core technology is public drag-and-drop blockchain technology. It is the key part ofstatter. Developers can choose basic functional modules, components and consensus algorithms based on their own requirements and business functions. Drag-and-drop technology allows for the creation of a public blockchain that suits users’ own businesses. The whole process is as simple as building blocks. The newly created public blockchains will become satellite chains revolving around Statster. Such technology makes it possible to create more chains of satellites in the Statter ecosystem and gradually form an ever-larger Statter galaxy.
statter galaxy containing various possibilities. Stars in thestatter do not exist in isolation. Like humans exploring and moving through the universe, stars in the Roster galaxy’s ecosystem are closely related. After all, there are numerous business opportunities, powerful products and highly efficient media tools in this galaxy.
Multi-chain and multi-consensus parallel system. Staetter adopts a special SPoW consensus to keep its operations running. This is a fragmented proof of work. Satellite chains based on Statter can adopt SPoW mechanism or PoW, PoS, PoC, DPoS and other mechanisms, or even create a new mechanism and transmit it tostatter. All of this is acceptable. Such a parallel structure of multiple chains and consensus has characteristics of scale, isolation, high performance, and interconnectivity. It works well in many different Metaverse applications.
Cross-chain digital identity consensus. As people migrate across different galaxies, how can they preserve their identities and wealth? A consistent identity is necessary for interactions between different chains and ecosystems. For example, the transfer of assets and data requires a commonly accepted identity for tagging and identification. Stachter adopts the DID aggregation protocol that provides services such as DID data indexing, DID verification and connection, and DID data aggregation. The DID aggregation protocol collects all digital identities on different chains in the ecosystem and applies a unified digital path to share and verify the standards and facilitate digital interconnectivity across chains and ecosystems. Statter cross-chain bridge can change protocols and adapt the protocols of other public blockchains to Statter cross-chain protocol to achieve protocol communication. It also supports the transfer of assets, smart contract orders, and information between different public blockchains.
High speed communication technology. High-speed communications are critical to interstellar travel. Likewise, the speed of transferring large amounts of data between different ecosystems is an important issue for thestatter galaxy. statter adopts the technology of scaling with sharding and DAG. Sharding technology enables parallel tasks. High-speed asynchronous DAG (Direct Acyclic Graph) technology can write data in transactions at the same time. With 100,000 TPS on a single chain, transactions can be confirmed in seconds.
Stars with a clear division of labor. Every star in the Milky Way, including Mars and the Moon, serves a specific purpose. Statter Galaxy works in a similar way. Statter uses a multi-layer structure with high cohesion and low coupling. The basic protocol layer ensures that the network is secure and decentralized; the middle layer (the core layer) provides decentralized digital identity management, a swappable consensus mechanism, a secure and smart contract engine, cross-chain data interaction, and decentralized ledger storage; the application layer provides scalable transaction, compute, storage, and network transport services; The multi-layer structure has different functions for each layer, which helps achieve high cohesion and low coupling.
The commonly used Metaverse currency, STT. If we compare BTC to the only currency accepted by the public for circulation on Mars, then STT is the only valuable certificate in thestatter metaverse. STT mining conforms to the SPoW consensus mechanism. All STT coins are mined by qualified mining rigs. STT can be used without obstacles in thestatter ecosystem or in satellite chains for payments or remittances. For example, STT can be used to join Metaverse games, pay transaction fees, or join Defi to make money, etc.
In summary, in the near future, Statter Network is a blockchain technology platform. In the long term, it will expand into a vast metaverse galaxy, with all the necessary technologies, applications, currencies, and rules to protect freedom and justice. Statter Network is the best way to access the Metaverse over the traditional internet. Many state foundations and investment institutes are on the way tostatter.
