This past weekend, Metaverse DNA showcased at the 6th Global Edition FinWise Summit in Macao, hosted at the JW Marriott Macau in the Galaxy Macau. Metaverse DNA was the main sponsor for this DeFi conference that attracted over 1,400 people over a span of 2 days. Global fintech leaders from around the world participated in educational keynotes and panels to discuss the state of decentralized finance. Leaders ranged from Brock Pierce (live stream from Puerto Rico), Dan Schatt (Cred), Eddy Travia (Coinsilium Group), and Franklin Urteaga (former White House Innovation Advisor to President Clinton) to Eric Gu, Du Jun (Node Capital), An Xinxin (Jinse Finance), Dr. Johnny Ng (Hong Kong Youth Committee), and Professor Wang Binsheng (Academy of Social Sciences), to name a few. There were engaging debates and thrilling conversations across the two days regarding DeFi and what’s next. Here is a recap of what happened.
Before the opening ceremony began, there were crowds of people lined up at the Metaverse DNA booth to participate in prize giveaways. After spinning a wheel, participants came away with DNA branded phone stickers (3rd prize), Metaverse DNA T-shirts (2nd prize), or a Bluetooth speaker (1st prize). Engaging conversations about Metaverse and DNA also took place between our core team and community members from all over the world. We now have a rough version of the DNA whitepaper up at the official DNA website, which can be found here: http://mvsdna.com/. Again, we cannot stress enough that this is a very rough version, and many details may be changed before the official release occurs. We will keep our community members updated as development continues.
Metaverse Foundation CEO Eric Gu took the main stage mid morning right after Brock Pierce’s live stream. With the audience thoroughly engaged, Eric started off his keynote describing the theme of the conference: DeFi. He further explained the differences between DeFi and DiFi (Digital Finance), and gave examples as well as the strengths and weaknesses of each. For example, DiFi projects are centralized and fast, but come with high costs. DeFi projects, on the other hand, puts the control of data back into the user’s hand, though at the hindrance of scalability due to decentralization.
Metaverse DNA is the solution to the impossible blockchain trilemma of scalability, decentralization, and security. This parallel, fast chain to the original Metaverse base chain (ETP) will run on the dPoS consensus mechanism and implement a three-tiered node governance system consisting of 23 Super Nodes, 529 Secondary Nodes, and unlimited Tertiary Nodes. Aside from the huge gains in scalability, Eric explained that interoperability between different blockchains is integral to the future development of the industry. Without interoperability, each blockchain will operate within its own ecosystem, which is unconducive to the overall growth of the industry. Eric also previewed the Metaverse decentralized exchange that will be possible with DNA, which is essentially a marketplace where digital identities can trade stable coins, digital currencies, and other digital financial assets in a decentralized manner. These financial use cases will be possible with DNA, where projected block times will be around 0.4 seconds. As Eric summarized, Metaverse DNA will be at the cutting edge of Digital Finance, bringing real intrinsic value to enterprise and retail users who need the security of the blockchain with high transaction speeds.
Before lunch break, Eric participated in a panel that included Franklin Urteaga (former White House advisor and CEO of Oigetit), Alex Lightman (Praxis Digital), and Alexander Alexandrov (Velas), with Ken Huang, a co-founder of Metaverse DNA, moderating. The theme of the panel was “The Future of DeFi,” and during the lively discussion Eric shared his vision of what the future of the digital world may look like. This panel showcased the thought leadership of each guest and brought educational value for those in attendance, which is the main point of the FINWISE conferences.
At the conclusion of the first day, Metaverse hosted an evening gala where leaders and projects earned industry awards based on online voting and peer selection. As the industry continues to grow, a variety of solid platforms have helped the overall recognition of blockchain, and to see many key leaders and projects take home a deserving award was a testament to how far this industry has come since 2009 and an encouraging spur to where we still have to go to break through new heights. Ken Huang, co-founder of Metaverse DNA, took home the “Blockchain Technology Innovation” Award on behalf of Metaverse DNA.
The second day brought a continued sense of excitement as enthusiasts and crowds flocked to the Metaverse DNA booth. Eric had exclusive interviews with Jinse Finance (one of the largest crypto media in China) as well as the Guangdong Television Station (the biggest TV channel in Guangdong Province). As the afternoon progressed and the crowds began to disperse, I could not help but feel a sense of pride and a job well done by the Metaverse team. Throughout the 2 days, our team interacted with over 1,200 crypto enthusiasts and avid investors, and we thank those who stopped by our booth to allow us to explain Metaverse and DNA.
Until the next one, cheers and go Metaverse!