Metaverse Monthly Report — April 2021
Highlights:
- Successful migration of Gene Finance on Metaverse, 3.7 million ETP staked in 72 hours
- Featured on the front page of Cointelegraph
- Stickers, an NFT platform, launching on Metaverse
- Metaverse Foundation plans to acquire half a million more ETP in May, bringing the total amount to 2.5 million ETP. Can be seen on Metaverse Foundation address: https://explorer.mvs.org/avatar/Metaverse
April has been a very busy and exciting month, to say the least. On April 23rd, 2021 at 9:00 AM EST Gene Finance successfully launched on Metaverse and enabled staking functions.
Gene Finance Migration to Metaverse
Within 3 hours, over 1 million ETP was staked on Gene Finance, and within 72 hours, 3.7 million ETP was staking on the platform.
The Gene Finance cross-chain decentralized platform is built to help crypto enthusiasts easily deploy and optimize their digital assets within the DeFi space. Gene Finance has built a highly intuitive dashboard that makes it simple for anyone to manage their DeFi portfolio across multiple products, such as yield farming, AMM liquidity mining, algorithmic stablecoin, and much more coming.
Featured on Cointelegraph: “DeFi protocol moves blockchains to sidestep ‘unsustainable’ gas fees”
This month, we were also featured in a story on the front page of Cointelegraph. It described the Gene Finance launch on Metaverse as “the first milestone of a robust roadmap of development that embodies the New Metaverse.” The rollout of new features is being spearheaded by the Metaverse Foundation, which has been tasked with maintaining the operations of the blockchain and creating a “complete and affluent” ecosystem.
Gas fees, which have become “unsustainable” across a number of blockchains that host DeFi protocols — meaning that it can cost hundreds of dollars to complete transactions on platforms such as Ethereum. Gene Finance’s migration means that its community will no longer be priced out, and will be given the freedom to pursue their strategies without worrying about how expensive the transactions will be.
The article was featured in banners across Cointelegraph and was also shared on their official Facebook page and newsletter.
Read the full article here.
Stickers Launching on Metaverse
Stickers is an NFT platform powered by the Gene Finance ecosystem and a cross-chain Defi project. As NFTs become an increasingly important tool in the blockchain industry, Stickers will become an important part of the Gene Finance ecosystem built on Metaverse.
NFTs are unique digital collectibles brought online using blockchain, and they exist on Metaverse as the token standard called the Metaverse Identifiable Token (MIT). Established in 2017, Metaverse a front-running decentralized, open-source platform for secure digital asset architecture. Metaverse celebrated four years of continued success this February with the launch of the new Metaverse Mainnet — the latest, open-source, decentralized platform for programmable digital assets and digital identities.
Metaverse Foundation plans to acquire half a million more ETP in May, bringing the total amount to 2.5 million ETP.
In April, the Metaverse Foundation has bought 0.5 Million more ETP tokens from the market and plans to buy 0.5 Million ETP tokens in May, bringing it to a total of 2.5 Million ETP. This is part of a designed budget from the Metaverse Foundation to invest in further research, technological advancement of the Hyperspace mainnet development, and to buttress these groundbreaking developments with the proper marketing and community incentives. This will continue up to 6 million ETP.
In April, we burned 1 million ETP-ERC20 tokens, bringing it to a total amount burned of 5,576,348 tokens, and currently, there are 8,797,994 ETP-ERC20 outstanding.
Burned Transaction Hash: TBA
We intend to burn 1–2 million monthly for the next several months.
The Foundation’s balance is public information that can be found on the Foundation address:
About Metaverse Foundation:
Metaverse Foundation aims to maintain the operations of the Metaverse blockchain and build a complete and affluent Metaverse ecosystem. The Foundation’s investment and guidance are based on the development of all industrial links derived from the Metaverse blockchain.
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