"Metaverse is a decentralized open platform based on public blockchain technology that encompasses Digital Assets and Digital Identities. By building a general technology platform that can be utilized by enterprises and individuals, Metaverse digitizes assets (conceptually similar to asset securitization) such as rare goods (artwork/antiques), intellectual property, and rights to return from financial instruments in order to improve market efficiency. Through the provision of smart contracts and digital identities, Metaverse connects standalone stores of value to form an internet of value."
What we don't like:
ETP may be trying to do too much. Once the total value of digital assets reaches a certain level, it will become profitable to attack the Metaverse system and short its digital assets on the exchange. They must be able to keep the cost of mining within the cost of the total value of the digital assets.
What we like:
Metaverse ETP is designed to facilitate low-cost, convenient transfer of digitized personal data and assets. This project is going to help lead the future in digitizing real world assets and placing it on the blockchain. Eric Gu is the CEO of ETP. He is a very technologically savvy entrepreneur and he has been working on ETP since 2014. He is also one of the leaders of View Fin, the company that is developing ETP which has a staff of about 70 employees. Metaverse will be in direct competition with NEO but they will also be tapping into other niches within the crypto space. They are also creating an infrastructure for digital identity design or an avatar, which is similar to what Civic is attempting to accomplish.