The founding of 2021 has passed, and 2022 will continue to be brilliant. MetaLife and AMM GLOBAL MEDIA LTD held a large-scale and unique “Guan DAO Metaverse International Summit Forum” in Hainan on March 19th, 2022, and exchanged views on related topics such as “technological innovation in the Web3.0 era, capital competition of metaverse, DeFi economic system, NFTFi value application, GameFi digital infrastructure, SocialFi financial socialization, and the co-governance trend of DAO”.
Prosperity of metaverse is irreversible and unstoppable
Metaverse is essentially the virtualization and digitization of the real world. Introducing the creator’s economic model shaped by Web3.0 into the digital world as its economic system is in line with people’s current needs and preferences, and is also conducive to the normal operation and prosperity of the whole metaverse system. It is not surprising that it attracts the attention of the capital market. It should be emphasized that metaverse can’t achieve sustainable development simply by relying on a good economic system or financial attributes only, and it also needs to solve the basic needs of human beings, such as material needs or spiritual needs described by Maslow’s demand theory.
In fact, with the advent of the Internet, human beings have experienced digital life, such as digital payments, digital ID cards, online social networking, etc. However, this kind of digital life only accounts for a small part of all life, and most of it is dominated by offline real life. Nowadays, with the development and popularization of the Internet of Things, big data, cloud computing, blockchain and other technologies, the demand for online digital life is gradually increasing, and the online time of the Internet continues to grow. Among them, QuestMobile released 2020 Mobile Internet Panorama Ecological Report pointed out that the per capita usage time of mobile Internet increased by 12.9% in 2020.
People’s demand for digital life is constantly increasing. metaverse appears to meet this demand, creating a new network world through virtual reality, augmented reality, 3D, edge computing, big data, blockchain, digital twinning and other technologies, so that people can experience a second new life besides real life through metaverse.
MetaLife, as a Web3.0 brand aggregator, officially joined the metaverse
Metaverse, as a carrier of digital life and a new way of realization, with broad application value and development prospect,.However, it is still in the initial stage of exploration, and its development is not very mature. Therefore, it is necessary for professionals to constantly explore and develop, and constantly transform, upgrade and improve the construction and development of metaverse in this process. Among them, MetaLife is an active exploration and deployment of metaverse civilization.
MetaLife is a metaverse aggregator based on BINANCE SMART CHAIN(BSC, now it is BNB chain), which gathers Defi+NFTFI+Gamfi+Socalfi+DAO. MetaLife builds financial life through DeFi, gains rights and interests through NFT cards, enters the world of Overmind Life sandbox and builds exclusive space, and obtains infrastructure land and other resources through DAO co-governance, with a complete and sound metaverse system.
After entering the Overmind Life sandbox world via the NFT card Key ID, users can collect all the resources in the game, including characters, blind boxes, NFT cards, land, shops, etc., and use these resources to build their own exclusive territory according to their own wishes. While building their own territory, each player is also contributing to the metaverse city, and can be self-interested and altruistic. It should be emphasized that all resources are NFT, so they can be sold or donated, and the price is influenced by many factors such as urban prosperity and business types.
During the summit forum, representatives of MetaLife community brought us the core speech of MetaLife, and gave a keynote speech on the topics of NFTFi and MetaLife. He said that based on technologies such as blockchain, AR and VR, metaverse is essentially a replica of the current real world. The cornerstone of metaverse is Web3, which will reshape the ownership of value and promote the return of value to individuals. Regarding NFT and DAO, Li Tuo said that the financial value created by DAO should not be underestimated. DAO circuit is just in its infancy, and it will change people’s lives and working style in the future. NFT is the passport for the public to engage in social and economic activities in metaverse world, that is, the identity card of metaverse world. At the same time, combined with the development trend of digital economy, Li Tuo described the metaverse brand infrastructure of MetaLife and the operation mode of DeFi and NFTs of MetaLife. It is based on a “mutually balanced” liquidity protocol, and in the multi-market and airdrop market, all of them can participate in NFT card trading at low cost or gain more liquidity of assets, thus forming a core essence of mutual checks and balances, mutual promotion and steady development of the project.
Among them, circuit breaker protocol of MetaLife’s NFT cards, the DID identity of Overmind Life sandbox construction, and DAO liquidity deflation of DeFi as co-governance and chain incentives have all inspired new anti-censorship governance posture. MetaLife is a brand incubator that combines decentralized finance, digital collection, blockchain games and DAO co-governance. In the future, it will improve the construction of “metaverse+” life scene and provide global immersive experiences such as work, social interaction and entertainment, so as to solve the high barriers, low liquidity and transaction bottlenecks of NFT1.0 at present.
At the “Guan DAO”metaverse International Summit Forum, Chen Caigen, a blockchain expert specially appointed by the International Chamber of Commerce, published the inefficiency defect that DAO autonomous organization will subvert the traditional corporate organization management system and effectively obtain more innovative economic proposals, which is an important management system for metaverse’s future space construction. Liang Kaien, president of ByzantineDAO Asian Education Association, shared his experience in cross-border encryption and participation in DAO and metaverse. Guo Dazhi, Ph.D. in Economics, Central University of Finance and Economics, from the operating principle of NFT and the great value of “P2E” generated by NFT from the game economy, points out the core essence of X to Earn’s infinite innovation and promoting the development of digital economy, which is also the key to improving the quality and efficiency of Web3.0.
Tan Yuefei, CEO- of FAIRYPROOF Audit Company, published the core idea of “code is law” on the spot, and audit will become an important gatekeeper for the operation security of encryption market. No matter DeFi, NFTFi, GameFi, or even the DAO governance schemes of the community, they all need to go through strict code audit to ensure that the market will develop positively in the future, and at the same time, digital finance will continue to improve and standardize. Chen Xingyu, Ding Yang, Baoshi, Mubai, Wang Qi and other masters of science, technology, capital and blockchain reform held round-table discussions on the spot, and interpreted the process of industrial digitalization from the perspectives of capital, chain reform and enterprise management. Digitalization can reduce the operating costs of various industries, improve work efficiency, and integrate DeFi, NFT, DAO and other ways into all industries in the future.
In this summit forum, NFT senior collectors told us about “the international market of DAO and digital collections”. He said: all economic activities in the chain need a set of governance schemes, and so does NFT. Through the governance of DAO, the hype value of NFT can return to the essential value.
Summary:
The participants of this conference mainly analyzed from these perspectives:
1. The governance of DAO changes the future work paradigm of mankind and improves the quality and efficiency.
2. The creator economic model of X TO Earn will bring a new wave of personal business value to the society
3. The entry of more capital institutions will promote the standardized development of digital finance.
4. Web3.0 will transform the real industry “blockchain reform” into a transformational application
5. NFTFi is the ticket to metaverse
All economic activities on the blockchain need a set of co-governance rules implemented by DAO by code law.
With the digital economy in the era of Web3.0 as the core, the trend opportunities of technologies, financial economy, life applications, value investment and other industries have been launched, and profound analysis and future planning have been made from DeFi, NFTFi, GameFi, SocialFi, DAO and other raceways. Web3.0 is still in the stage of development and perfection, and the blue ocean market with market valuation of 5000 trillion RNB still needs a group of pioneers of digital industries to explore the value. People can’t miss every opportunity to change the times. The digital economic revolution has arrived. Follow closely the steps of “Guan DAO” and work with capital to open the next moderns which belongs to the encryption field economy!
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