NFT + DAO + METAVERSE
MetaLife social network is not just a place for casual gossiping but can also be the platform for anyone to start a business with their creativity. At MetaLife, we recognize any data carries value for the creator and to support creator economy, NFT and DAO features are built at the protocol layer such that they are accessible across the whole ecosystem.
In the MetaLife social network, minting NFTs is as simple as posting articles. NFT (supporting fragmentation) can be created representing any content in the MetaLife social network, be it a digital art, music, photo, video, poem, webtoon or even individuals, pets, etc. Assets represented by NFTs can then be traded in the built-in NFT marketplace within the ecosystem or through external marketplaces via Atmosphere cross-chain. In addition, MetaLife protocol with its built-in wallet enables NFTs to be recognized across its ecosystem, e.g., NFT issued in one DApp (e.g., a digital art of a sword) can be recognized and used in a gaming DApp in the ecosystem, thus increase liquidity for NFTs; liquidity and utility issues have always been the bottleneck to NFTs mess adoption. With ability to custom shared economy policy in NFT contracts, NFTs can also provide a mean for the original creator to benefit from value creation of the assets (in the form of royalties) via future private transactions or trading in secondary marketplace.
In the Web 3.0 decentralized economy, anyone can create an economy around contents or assets one created or owned. However, to manage the businesses with sizeable stakeholders can be challenging, MetaLife DAO provides toolkits and templates for users to manage relationship between creators, clients and investors. Policies can be defined to govern the economy behind the business, voting rights and/or how participants should behave as a group. DAOs can offer many use cases in the creator economy, e.g.:
- 1.In the case of high-value NFT, DAO can be created as the custodian for the NFT and members joining the DAO (with member fee) hold the fractional ownership of the NFT. (NFT fragmentation)
- 2.A webtoon artist can leverage the social network as the launchpad for his webtoon series and create a subscription business by leveraging DAO to manage his subscribers. The webtoon that the artist posted can be represented by NFT and only accessible by DAO members. In addition, DAO can also provide participation to non-creator in the creator economy; investment in the form of staking can be supported in a DAO, hence benefiting both creators and investors, where creators are funded to continue his/her creative works, and when products are transacted, investors enjoy dividend from their investment.
- 3.A non-for-profit program can create a DAO to manage the project perpetually, from donation to implementation and maintenance. NFTs can be used to represent assets (e.g., water wells) the donation is funding. IoT devices can be deployed onsite to provide real time data about the deployment and utility of the asset. Revenue generated from the assets can be tracked and maintenance policy can be defined in DAO thereby created a transparent process on how funding is used in the running for such assets.
Many tech giants are pouring billions into creating their version of metaverse, introducing resources like AI, VR and AR for user experience. MetaLife believe metaverse can’t exist without first addressing individuals’ privacy, security and ownership, i.e., there can’t be a centralized authority that manage these assets in a metaverse. MetaLife metaverse allows one to hide his/her identity, retains all privacy and be anyone he/she desires to be since users own their own identity.
In MetaLife, a universe (DAO) is created with policies defined by users on how the universe is governed; economy can then be created within the universe where users provide services and be rewarded, or users trade their assets with other users. The metaverse (of Maniverse™) in MetaLife is naturally formed when many of such universe interoperates with each other in the ecosystem to further create value/economy beyond the DAO boundary, e.g., a DAO with ownership to NFT may reach out to another DAO of KOL for marketing and promotion, with profit-sharing mechanism defined in and governed by contracts. Lastly with HyperMesh IoT infrastructure, MetaLife metaverse spans across the physical and virtual worlds and offer users’ experience with real-time data fed by IoT devices.
In summary MetaLife provides the pathway towards metaverse by building its platform on top of and beyond Web 3.0, supported by a fully decentralized connectivity and data layer, a full set of economy for fair and transparent transactions and interoperability. The metaverse in MetaLife will not stop at Web 3.0 where value interaction is predominant, we believe the future of metaverse is driven by quantum interaction, where symbiotic relation is formed between human and machine in the era of Web 4.0.
The first DAO in the MetaLife ecosystem – the Value Internet DAO has been created by thought leaders from the blockchain industry. The DAO is made up of an exclusive 2,100 membership and each member is entitled to a unique NFT. The objective of the DAO is drive adoption of blockchain technology in the web 3.0 era through implementing projects that are beneficial to the underserved communities and becoming the Key-Opinion-Leader (KOL) in the blockchain industry. The first project initiated by the DAO is to bring digital financial infrastructure for the underserved communities by deploying mesh network using MeshBoxes. Currently the first genesis batch of 100 membership has been fully subscribed, the second batch of 400 membership will soon be launched.