According to the announcement in MetaPay official website, its digital currency MTP will be launched in RISE APP exchange on February 9, 2023.
MetaPay is the issuer of MTP, and also the frontier explorer of Metaverse cryptographic payment. The development of the Metaverse is inseparable from the evolution of the underlying technology of the network. At present, the development of network underlying technology is at the stage of gradual evolution from Web 2.0 to Web 3.0. In the era of WEB2.0, with the popularization and development of the Internet, offline services have been transformed into online applications, and Internet+ has created the prosperity of mobile payment. However, in the current era of Web3.0, with the constant enrichment of Metaverse scenarios and applications, and the endless emergence of virtual currencies and NFT, there has been no similar platform to undertake similar functions. Under this situation, MetaPay came into being in response to the call of the times. The birth of MetaPay has written a new chapter of cryptographic payment, bringing the Metaverse into a new era of digital payment.
In addition to complying with the trend of the times, the birth of MetaPay is also inseparable from the breakthroughs in its four network technologies, namely, fragmentation technology, on-chain container, multi-chain technology and DPOS consensus. The emergence of these technologies can help MetaPay perform new functions, establish a large distributed currency trading network, and build new consumption scenarios of Metaverse.
For example, sharding technology solves the block capacity problem that has troubled the industry for a long time. It can process thousands of transactions simultaneously and reduce the transaction duration to 5 seconds. Users can also trade digital assets anytime and anywhere, which greatly improves the efficiency and convenience of the currency trading network. Multi-chain technology ensures the security of users' digital assets through decentralization, making multiple chains independent of the main chain and encrypting the transaction process. On-chain container provides a system of programmed creativity. This technology will help the implementation of the Metaverse project and the Metaverse incubation for traditional finance.
These four underlying technologies not only realize the specific functions of MetaPay, but also help MetaPay build new Metaverse consumption scenarios. Without MetaPay, the scenarios and applications of Metaverse are scattered and isolated, and MetaPay connects them to form the smart life of Metaverse. Users will have a better experience. Moreover, it will also connect the consumption scenarios of the digital world and the physical world, integrate the virtual and the real, realize the commercial value of Metaverse, and create a Metaverse world with mutual trust, security and benefit for everyone.
MetaPay will gradually penetrate into the Metaverse world, and the era of digital payment is quietly opening. The efficient, convenient and smart life of Metaverse allows us to imagine endlessly.