What is Metaverse.Network Pioneer coin (NEER), blockchain token for metaverses?

Metaverse.Network is a blockchain for metaverse, games and dapps. It supports WASM and Ethereum compliant smart contracts to allow developers to create dApps and games to run on the network. Metaverse.Network Pioneer is live as Parachain in Kusama. Read on and find out more about Metaverse.Network.

What is Metaverse.Network Pioneer and Bit.Country (NEER)?

Bit.Country Pioneer (NEER) is the first decentralized metaverse app to be built on the Metaverse.Network blockchain. Bit.Country allows users to interact directly with Metaverse.Network’s Layer 1 blockchain. Using the Bit.Country browser-based application, regular users and developers can access the blockchain and create metaverses without any technical skills.

Metaverse.Network is a substrate-based blockchain, custom designed and open to metaverse projects. It is Parachain connected to the Kusama link chain. Bit.Country and Metaverse.Network Pioneer is a Canary network and will switch to the Dot Relay Channel when Bit.Country and Metaverse.Network are ready to launch on the mainnet. The Metaverse.Network platform, on the other hand, is an EVM-compatible blockchain containing all the protocols necessary for the development of Metaverse and DApp. Metaverse.Network is a high-performance public blockchain that supports smart contracts, NFTs and dApps.

The Bit.Country & Metaverse.Network project is led by a team of experienced blockchain developers and entrepreneurs. The team has a strong vision for the future of the Metaverse and is building a community approach that will allow Bit.Country and Metaverse.Network to become the foundation for creating Metaverses on an Internet Web3.

Metaverse.Network was created by the Metaverse Foundation, a non-profit organization based in Singapore. The Metaverse Foundation is dedicated to the development of Metaverse and its ecosystem. Formed and officially launched in March 2021, the foundation will also be used to establish grant and award programs as incentives to create value in the Metaverse.Network ecosystem.

How do Bit.Country and Metaverse.Network Pioneer (NEER) work?

The Bit.Country project and Metaverse.Network collaborate to provide users with an easy way to create Metaverse and distribute DApps. Metaverse.Network is the underlying blockchain that provides the necessary protocols for metaverse and DApp. The Bit.Country application allows regular users and developers to log into Metaverse.Network and create Metaverse without any prior technical knowledge.

At its core, the project aims to drive a community approach that will enable Bit.Country and Metaverse.Network to become the Metaverse operating system for a new Internet Web3. This will be done by allowing anyone to easily develop a metaverse and deploy DApps without the need for expensive hardware or hiring experienced developers. Metaverse.Network uses Substrate technology, which is the same technology that powers Polkadot and Kusama. It has a low gas flow NPoS consensus mechanism and a metaverse specific NFT standard.

Metaverse.Network is also cross-chain compatible, allowing it to connect to other blockchains such as Ethereum, Bitcoin, and others. Being an EVM-enabled blockchain, Metaverse.Network can support all Ethereum-based DApps and can therefore run on Solidity. This means that Metaverse.Network can act as a “sidechain” for Ethereum and process transactions at a much faster rate than the main Ethereum network.

This makes the Metaverse.Network blockchain scalable through its sharding technology, which allows it to process more transactions per second as the ecosystem grows. Overall, this project aims to be the spatial and temporal basis of an Internet Web3, where anyone can develop a functional, efficient and easily accessible metaverse.

What is the difference between the Metaverse.Network project and Bit.Country?

Metaverse.Network and Bit.Country are unique in their approach to the metaverse. While most metaverse projects struggle to create a centralized system, this project focuses on a network of community created and owned metaverse and dApps. The project uses Substrate technology, which is the same technology that powers Polkadot and Kusama.

It features a low gas flow NPoS consent engine optimized for Metaverse applications. Additionally, Metaverse.Network will be the first Metaverse L1 blockchain that focuses on providing Metaverse as a Service (MaaS) and Bit.Country will be the world’s first Dapp to facilitate interoperable and functional user-built Metaverse. The project also has a strong team with members who have been working in several related fields since 2018.

NEER and NUUM tokens

The Bit.Country and Metaverse.Network project uses the NUUM token, which is the network currency, and the NEER token, which is similar to NUUM, but only useful in Bit.Country Pioneer as a network canary for Metaverse.Network. The NUUM token is used to pay transaction fees on the Metaverse.Network blockchain. This token can be used as a universal currency to purchase assets such as NFT and Land Block on the Bit.Country market.

The NEER token, on the other hand, runs on the canary Bit.Country Pioneer network, where it functions as a smaller token with the same functionality as the full NUUM token. Users can use this token to test the features and functionality of Metaverse.Network prior to the mainnet release.

Where to buy the NEER token?

The NEER token can only be purchased on one of the major cryptocurrency exchanges, namely: Kucoin

Conclusion

Bit.Country & Metaverse.Network is unique in many ways. Not only is it the world’s first blockchain for metaverses and DApps, it is also one of the most ambitious projects in the industry. The team behind the project has a clear vision and is working hard to make their vision a reality. PortalCripto hopes that you, reader, have obtained the necessary information about the Bit.Country and Metaverse.Network project.

* PortalCripto values ​​the quality of the information and certifies the verification of all the contents produced by its team, underlining however that it does not formulate any type of investment recommendation, as it is not responsible for losses, damages (direct, indirect and ancillary), costs and failure I earn.

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