WWVentures Co-Leads Initial Investment Round in Bit.Country — the Metaverse Hub of Polkadot
We are thrilled to announce our partnership with Bit.Country, a decentralized world where anyone can create their own Metaverse.
About the Project
Bit.Country is a decentralized world that enables anyone to create their own virtual world (aka Metaverse). Users can create their own bit countries, blocks, sections, and NFTs. You can build your own economy by creating your own currency or importing existing currency. As your community grows, your currency will gain value on the exchange. Countries can be auctioned, and those who have stake in it will be rewarded.
You’re in control: You can grow your bit country and monetize your community in multiple ways without any intermediaries.
Explore the different policies and incentives implemented by becoming a resident of a bit country. Incentives can cover activities such as referring other users, creating content, receiving likes, views or shares of your content, moderation, and more. Being a resident grants you the right to own land, create content, participate in the business, and more. Staked residents are able to participate in Governance giving them the right to vote, propose new policies, and more related to their bit country.
Behind our Partnership
At WWVentures, community is at our core. Bit.Country’s vision is to empower communities in virtual worlds. Metaverse and NFT platforms unleash the power of community through influencers, content sharing, and socializing. As you are building your bit country, other players can join you in building a community where you both earn rewards.
Bit.Country proves itself as a strong project, and we are proud to co-lead their initial investment round. We support their goal to become the Metaverse Hub of Polkadot.
- Staying Power: Users are rewarded for creating metaverses that others want to join and build upon.
- Interact with Influencers — or Become One: Join your favorite influencer’s metaverse, or create your own and build a community connected to your social platforms!
- Passive Income: Staking in a bit country rewards the stakeholder by granting them a share of the country’s revenue stream relative to their stake.
- Show Off Your NFTs: In your bit country, you can put your NFTs on display for your entire community to admire. Cross-chain interoperability enables the transfer of any type of NFT asset or token.
Revenue comes in the form of the native chain currency, $NUUM. $NUUM holders govern the decentralized network, shaping its future. The staking protocol is designed to incentivize the community to behave well whilst discouraging bad behavior. To reward community building, well-staked bit countries will have greater chances for network promotions.
NUUM is used for:
- Staking for communities
- Purchasing resources like raw land parcels &virtual DApps from the store
- Network promotions
- Gas fees for transactions
- Trading on the marketplace
- Currency exchanging
- Backing for minting new local tokens
We believe that the team behind Bit.Country is exceedingly capable of driving the project to success. Founder & CEO Ray Lu has proven experience in launching startups. The project was one of twenty-one teams to be selected as a member of the 2021 Berkeley Blockchain Xcelerator Cohort. Bit.Country is built on Substrate to leverage low gas fees, making the platform accessible to everyone. The Bit.Country team is behind the Metaverse Career Academy and the Substrate Runtime Developer Academy —Polkadot’s largest Substrate academy — cementing their expertise in the Polkadot ecosystem and dedication to the blockchain community.
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DISCLAIMER: Content in this article does not constitute financial advice. Cryptocurrencies are volatile assets. Always do your own research and invest at your own risk.