META WORLD: Building an Open, Interconnected, Player-Driven Metaverse Ecosystem
The META WORLD whitepaper was written and released by the METAD core development team in 2024, against the backdrop of rapid Web3 technological development and the rise of the metaverse concept, aiming to address the pain points of centralization, poor interoperability, and unclear user asset ownership in existing metaverse platforms.
The theme of the META WORLD whitepaper is “META WORLD: Building an Open, Interconnected, and User-Driven Metaverse Ecosystem.” What makes META WORLD unique is its proposal of a governance model based on Decentralized Autonomous Organization (DAO), cross-chain interoperability protocols, and NFT asset confirmation mechanisms, to achieve free circulation and value sharing of metaverse assets; the significance of META WORLD lies in laying the foundation for the next generation of decentralized metaverse construction and empowering users to truly own and control their digital identities and assets.
The original intention of META WORLD is to build a truly community-driven, open, and sustainable metaverse platform. The core viewpoint articulated in the META WORLD whitepaper is: by combining decentralized identity (DID), programmable smart contracts, and economic incentive models, to ensure user data privacy while achieving seamless interconnection and value creation of assets and experiences within the metaverse.
META WORLD whitepaper summary
What is META WORLD
META WORLD (abbreviated as METAD) is a metaverse ecosystem based on the Binance blockchain, with its native token being METAD. You can think of it as a “large community” in the digital world, which not only has its own currency (METAD), but also provides a variety of functions and services, allowing users to engage in various activities within it. The METAD token plays multiple roles in this community, such as serving as “money” for daily transactions, “votes” for participating in community decisions, “investment certificates” for earning rewards through staking, and can even be used in games.
This “metaworld” ecosystem is very ambitious, planning to develop in six main areas: smart contracts, financial services, Play-to-Earn (P2E) games (including NFTs), supply chain, healthcare, and cryptocurrency itself, aiming to serve the entire ecosystem and its partners. This means it is not just a game, but a digital platform integrating various business and life scenarios.
Project Vision and Value Proposition
The vision of META WORLD is to build a truly player-owned, co-governed, and continuously evolving virtual world. It aims to solve the current problems of fragmented metaverse experiences and non-interoperable digital assets, much like how we now have many different social media platforms, but data and content are difficult to transfer between them.
To achieve this vision, META WORLD proposes an innovative solution: combining the governance model of a Decentralized Autonomous Organization (DAO) with advanced blockchain technology. A DAO can be understood as an organizational form where community members jointly vote on decisions, allowing every token holder to participate in the future development of the project. Through this approach, the project aims to achieve full ownership of digital assets, cross-platform interoperability, and community-driven content creation, ultimately establishing a sustainable, fair, and vibrant metaverse economy. It is also committed to incentivizing user participation through reward mechanisms, thereby forming a sustainable ecosystem.
Technical Features
META WORLD was initially deployed on the Binance Smart Chain (BNB Smart Chain, BEP20), which is an efficient and low-cost blockchain platform. In addition, it features multi-chain compatibility, with plans to bridge to other faster and more programmable blockchain networks such as Solana in the future, to achieve broader interconnectivity. This is like a digital world not only running on one “highway,” but also planning to connect to many other “highways,” allowing information and assets to flow freely.
In terms of technical implementation, the Meta World Game whitepaper specifically mentions leveraging blockchain technology to enable players to truly own in-game digital assets, which can be freely traded and even have value outside the game. It also proposes a multi-chain interoperable asset transfer mechanism and an AI-driven dynamic content generation system, aiming to provide players with a seamless, immersive metaverse experience and offer developers a low-threshold, highly flexible creation platform.
Tokenomics
The native token of META WORLD is METAD. Its total supply and maximum supply are both 99 billion METAD. According to self-reported data from the project team, about 21.35 billion tokens are currently in circulation, accounting for 21.57% of the total supply.
The main uses of the METAD token include:
- Utility: Used for various transactions and payments within the ecosystem.
- Governance: Users holding METAD can participate in community proposals and system parameter decisions, voting on the future direction of the project.
- Staking: Users can stake METAD tokens to support network operations and earn rewards.
- In-game transactions: Used for purchases, sales, and other operations in the metaverse game.
Currently, public information does not specify the detailed allocation and unlocking information of the token.
Team, Governance, and Funds
Regarding the core team members of META WORLD, there is no detailed disclosure in public sources. However, the project's governance mechanism emphasizes decentralization, and METAD token holders can influence the project's development direction by participating in community proposals and decisions. The Meta World Game whitepaper also clearly states that the project will combine the governance model of a Decentralized Autonomous Organization (DAO) to achieve community-driven content creation and decision-making.
There is no specific information on the project's treasury and fund operations in public sources.
Roadmap
According to the Meta World Game whitepaper, its MTW token was launched in 2022 and has been listed on major exchanges such as PancakeSwap. This indicates that the project has completed its early launch and token issuance phase. Typically, such projects go through the following stages:
- Project launch and token issuance: MTW token was launched and listed in 2022.
- Core game feature development: Gradually improving core gameplay, such as island exploration, resource collection, construction, and NFT trading.
More detailed future plans and timelines are not clearly provided in current public information.
Common Risk Reminders
There are certain risks involved in participating in any blockchain project, and META WORLD is no exception. Here are some common risk reminders:
- Technical and security risks: Although blockchain technology aims to provide security, technical risks such as smart contract vulnerabilities and network attacks still exist.
- Economic risks: The cryptocurrency market is highly volatile, and the price of the METAD token may fluctuate sharply due to market sentiment, project development, competition, and other factors. In addition, the CoinMarketCap team has not yet verified the circulating supply of the project, which may affect market transparency.
- Compliance and operational risks: Global cryptocurrency regulatory policies are still evolving and may impact the operation and development of the project.
- Information transparency risks: Some whitepapers state that their content is conceptual, may change in the future, and does not constitute any binding commitment.
- Project team control risks: The creators of some token contracts may have permissions to modify contract metadata, disable sales, change fees, mint unlimited additional tokens, or transfer tokens, which requires investors to be cautious.
Please be sure to conduct thorough due diligence and make decisions based on your own risk tolerance.
Verification Checklist
- Block explorer contract address: The contract address of the METAD token on BNB Smart Chain (BEP20) is 0xe96e...255b53. You can view its on-chain activity via block explorers such as bscscan.com.
- GitHub activity: No information on the project's GitHub activity was found in public sources.
- Official website/whitepaper link: The official website and whitepaper links are mentioned on the CoinMarketCap and Crypto.com pages, but the specific URLs are not directly provided in the search results.
Project Summary
META WORLD (METAD) aims to build a multifunctional metaverse ecosystem based on Binance Smart Chain, with its core vision being to create a community-owned and governed virtual world that addresses the fragmentation of current metaverse experiences and asset interoperability issues. The project plans to realize multiple functions through the METAD token, including utility, governance, staking, and in-game transactions, and is committed to expanding into smart contracts, financial services, P2E games, supply chain, healthcare, and other fields. Its technical features include multi-chain compatibility and an AI-driven content generation system. However, currently, public information on team details, funding status, and a detailed roadmap is relatively limited, and there are inherent risks in the cryptocurrency market. Given that there are multiple projects with similar names in the market, it is recommended that you obtain the most accurate and comprehensive information through official channels before making any decisions, and conduct thorough independent research.
For more details, please conduct your own research.