MetaVisa is a blockchain-powered digital currency that can be earned and spent in the Metaverse. It provides users with an ERC20 token, which they can use to create or spend on games within the Metaverse ecosystem. These games are powered by GameFi, a decentralized platform for building virtual worlds on top of Ethereum blockchain without any third party interference
Hong Kong, China, December 30th, 2021 Chainwire
MetaVisa is a layer-3 middleware protocol that analyzes on-chain data to help users establish and display reliable on-chain identity and credit records, making it easier for DeFi, NFT, GameFi, DAO, and other Metaverse projects to integrate the identity system into those applications, such as Yield Guild Games (YGG).
YGG is a Decentralized Autonomous Organization (DAO) that invests in Non-fungible Tokens (NFTs), which are used in virtual worlds and blockchain-based games. It is also a play-to-earn gaming guild that brings gamers together to make money using blockchain-based economies.
Based on on-chain data, MetaVisa gathers the on-chain behaviors of YGG users’ addresses, which is utilized to generate a profile of YGG’s guild members. This allows YGG to better target its users and enhance their output, allowing for management optimization.
MetaVisa will assess a user’s production capacity based on the address’s NFT game props holding time; for example, those with shorter durations are more likely to be star players with higher output capacity. Similarly, the token production rate may be used to identify stars with high output value. Based on this information, paired with MetaVisa’s model, a scientific point system may be developed to assist YGG in better managing its members and constructing a ladder return structure.
The goal of YGG is to create the world’s biggest cryptoeconomic community. With the aid of MetaVisa, a decentralized identification and credit system, YGG may be able to maximize the community’s assets for optimum use while also dispersing profits to token holders. The owners and managers of the whole ecosystem are the participants in this DAO.
Because of their capacity to serve as the foundation of digital property rights, YGG has been committed to investing in and administering NFTs in the Metaverse. The use case for NFT, according to MetaVisa, will be to produce cash flows for GameFi assets with genuine use and monetization possibilities.
In virtual worlds, the ownership of digital assets is an enabling example that is starting to redefine “labor” and democratize access to high-paying “jobs.”
These tasks are increasingly resembling video games. Cash has more profit potential in a society where capital travels freely across borders but labor does not. However, in virtual worlds, where “jobs” are transportable and entrance barriers are minimal, the incentives for labor are larger. This is the age of the “play to earn” revolution. In this situation, strengthening on-chain identification with a model or standard for grading DAO users would provide DAO members with a scientific output rate reference based on on-chain data analysis, which will benefit DAO members.
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