The blockchain is redefining how we think about digital property rights, but there are still many challenges to overcome before we can unlock its full potential. The team at NFT Metaverse has developed an open-source, non-profit Blockchain platform capable of evolving and adapting to the needs of the digital world.
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Proof-of-Interaction (POI)
Our goal is to provide a foundational layer for all future virtual assets using our patent-pending Proof-of-Interaction (POI) consensus algorithm, which allows all users on the network to interact with each other without compromising the security of the network.
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POI Algorithm
The POI algorithm was designed with true ownership of digital assets in mind and has been carefully engineered to prevent any one party from gaining control over the network. We have created an ecosystem that benefits everyone, while simultaneously protecting against fraud and abuse.
DAO
When you're operating on a public blockchain, security is your top priority. While many blockchain projects claim they're secure because they use smart contracts, these contracts are only as secure as their codebase.
There are countless instances of hackers exploiting coding flaws to steal funds — just look at the DAO hack or the recent Bancor exploit.
NFT Metaverse
NFT Metaverse is a blockchain-based virtual goods platform that enables users to create and trade unique virtual assets. Our goal is to provide a foundational layer for all future virtual assets using our patent-pending Proof-of-Interaction (POI) consensus algorithm, which allows all users on the network to interact with each other without compromising the security of the network.
Digital Ledger
Often find it hard to calculate things and keep track of their digital transactions while trading stocks or any financial asset. With the introduction of the blockchain technology things started becoming easier than ever before. Digital ledgers are the advantage that comes with blockchain technology. All the technology is saved on the decentralized servers around the globe that anyone at any time can verify and view to promote transparency.
The blockchain does something similar for money: It keeps track of who owns what (without having to ask a bank or other institution to verify those transactions) and makes any currency easy to transfer from one end of the world to another, without involving third parties like banks or payment processors.
Being able to send money instantly without a third-party mediator helps protect against fraud, corruption and theft—and it also allows people across the world to be paid immediately for their hard work instead of waiting. It's like Google Docs for money. Google Docs is a word processor that, unlike Microsoft Word, isn't stored on your computer as a file.
However, on a closer look to the market condition clearly tells why there are things that are going down south and not in upward manner. If multiple people are working on the same document at the same time, Google Docs allows them to see each other's changes in real-time, which makes collaborating much easier.
Wrapping Up With Final Words
These games require users to own a unique digital asset that can be used and traded within the game ecosystem. While both games offer in-game currencies for purchase, we've seen that those who can afford to spend money on a game can dominate gameplay. The use of NFTs allows more people to enter into gameplay without having to spend actual money on in-game tokens to compete.
That’s it for this post. Hope you got what you are looking for and gained valuable information about the popular digital technology blockchain that turned the place upside down for everyone around us. Keep visiting us shortly as well to know more about the blockchain, NFT, Metaverses and other new technology trends around the world.