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Introduction
Openverse is a hub network based on blockchain technology. The most important ability is to realize: Value(Tokens/NFTs/Messages) transmission is just as simple as sending an email between the different metaverses and blockchains which joined in or connected with the openverse-based.
Openverse is not a competitor to Ethereum. It embraces Ethereum. Some projects like SDK or Bridge allow you to bring ETH and ERC20 tokens over to the openverse network and send Openverse IBC tokens into the Ethereum ecosystem. Other Openverse projects include Ethermint that brings the Ethereum Virtual Machine to Openverse and Sommelier Finance that reduces Ethereum transaction costs for decentralized finance (DeFi) applications.
See moreMission & Vision
After about 3 to 20 years of efforts infuture, Openverse hopes to provide services for social coordination with the following mission and vision as its goal.
An Infrastructure for Web3
We are in the era of switching from the centralized Internet, that is, Web 2.0, to the decentralized Web3. Under the concept of Web 3.0, the ownership of digital content created by users is clearly owned and controlled by users, and the value created will also be distributed according to the agreements signed by users and others. We need a world-wide web3 infrastructure.
The Hub for Blockchains
Under current circumstances, each blockchain network has formed its own ecosystem and small society, and is an island of value. Many teams have developed a large number of bridges and protocols to link various networks. On this basis, we are carrying out the next step of development. Through the interchain communication protocols, different blockchain networks can communicate securely.
Protocols for Metaverses
Like the communication between blockchain networks, all meta-universe ecosystems also need to be interconnected. The connection is based on mutually accepted standards and protocols. The Openverse Team attempts to collect and sort out scattered protocols, form a unified protocol series of the metauniverse, break through various information islands, and let users hold value to flow.
Features
Through the following features, especially the concept of openness, Openverse will attract more ecosystems to join the entire system.
UNIVERSE NAME SERVICE
Just like websites have domain names, metaverses and blockchains will have names. These names will be managed on the openverse network, which will operate a Universe Name Service.
UNIVERSE IDENTIFY
Universe Identify(UID) are the account standard of the IBC-enabled world. Essentially, they allow metaverses to securely control accounts on other metaverses over IBC.
IBC
The IBC application layer can be used to build a wide range of cross-chain applications, including but not limited to token transfers, interchain accounts, non-fungible token transfers and oracle data feeds.
UNIVERSE TIME
The U.T. (Universe Time) purpose is the united time scale of the metaverses, like A.D. (Anno Domini) and B.C.(Before Christ) for human world, timestamp for computer and internet.
Consensus
Decentralized autonomy is achieved through community voting mechanism, Byzantine consensus and staking validators.
Nodes all over the world
Validators and service nodes provide a consensus basis for the network, maintain network security, and provide access point services.
30+ Nodes Global Network
singapore
San Fransisco
Sydney
London
Bangalore
Tokyo
Cape Town
Brasilla
Toronto