At 19:00 UTC+8, 22th March, in the Twitter Space, Maze had a talk about Metaverse with Flow.
What’s the Metaverse？What’s the new infrastructure under the new area? What will the future’s NFT look like under WEB 3.0?
Let’s see the recap of this AMA!
Lily: Good night everyone! Thanks for coming to MAZE TIME! Today, Severus Qu, the Head of Ecological Cooperation in Flow China, and Andy, the Head of Product Operations at Maze,will discuss the limitless road to the Metaverse under the new era!
Lily: There are different thoughts of the metaverse in various channels. The more intuitive form, that is, in the promotional video of Facebook’s renaming of meta, the future metaverse is described. Then I would like to ask the two guests, what does the metaverse of understanding look like? What stage do you think the metaverse is currently in?
Andy: Metaverse—‘verse’ means version, and the literal translation is “the only version”. The only version of the world is the “universe”. And ‘meta’ has two meanings: one is another field outside a certain thing; the other is behind a certain thing, something more fundamental.
Obviously, translating the metaverse into the metaverse adopts the second meaning, that is, a world that is more original than the existing real world. However, I think meta in the metaverse should be the first meaning, that is, another world outside the real world, not to say that it is more essential than the real world. Translating the metaverse into the metaverse is an exaggeration. So I think the metaverse does not refer to “a more original world”, but to “another version of the world”.
Think about “what an alternate version of the world would be like”. This was originally a theological problem, because only God needed to think about what kind of world he wanted to create, but now, this theological problem has become a real human problem.
The 17th century German mathematician Leibniz once imagined that when God created the world, there must be countless schemes in his mind, and each scheme is a possible world. In the end, God picked out the best world in his mind and turned it into the real world it is now. This also means that outside the real world, there can be an infinite number of possible worlds. Human myths, fairy tales, novels and other literary works describe those possible worlds; and the metaverse is the first time in history that humans have turned a possible world into a real world.
This world is parallel to the real world, and the two coexist and complement each other. The metaverse can realize some things that cannot be realized in the real world, but it cannot be independent of the real world. Subject to the conditions of the real world, it will eventually be a a state of harmony.
The metaverse is still in a very early state. Most of the current attempts are to prepare for the deterministic ending in the future. We need to find the correct path through continuous trial and error, and finally create a metaverse that is comparable to the real world.
SeverusQu：The universe is the product of humanity expanding new world dimensions. It is born out of the real world, parallels with the real world, and interacts with the real world.
It’s still early days for the metaverse, and one of the things that fascinates me about the future is that we know that resources in the real world are limited. In the metaverse, the cost of acquiring resources drops dramatically. For example, we can mobilize more wisdom, use lower trial and error costs, and conduct a large number of experiments in a purer environment to test new scientific hypotheses.
Speaking of what is the metaverse? I think there are four core elements:
UGC: In the paradigm shift of the entire Internet, from portals and search engines in the era of Web 1.0, to forums and communities and Wikipedia in the era of Web 2.0, and the open Internet Web 3.0 that focuses on personal data ownership that we are currently witnessing. We can find that the role of users is becoming more and more important. Everyone has an equal right to participate and can build their own content and make it available to all.
Data Ownership: In the past Internet paradigm, user-created content was stored on a platform’s servers, and its existence was guaranteed by the product or platform provider. There are many risks of uncertainty. In the past, platforms such as Under the Banyan Tree, MSN Space, and Blog Bus were shut down, burying the youthful memories of countless people. Even if each platform provides a proper backup plan at the last minute, not everyone can complete the data migration in a timely manner. In the metaverse, if your work needs a third party to ensure its stable existence, your work is very insecure from an antifragility perspective. Therefore, I think that returning the ownership of data from service providers to users is one of the elements for an ecosystem to develop more sustainably.
Community: In the past, the role of users was relatively single, that is, consumers. Users access a product, use the services provided by the developer, and pay for it or generate data and traffic value. The relationship between users and product developers is closer to the upstream and downstream supply and demand model. But in the paradigm provided by the metaverse, due to UGC and data ownership assurance, the role of the user is no longer a single consumer, but has become richer. For example, in the Turing-complete 3D virtual space matrixworld, any user can create content with the help of products and use the services of the platform to obtain consumers. Under the transformation of this supply and demand relationship, users can switch between suppliers and consumers at any time, thus possessing richer ecological role attributes.
Openness: Now every platform and every product is an isolated ecology in the strict sense. Even companies that have formed a strong network effect usually limit themselves to building an internal interoperable platform matrix through a large number of products in their ecosystem, but this is always a derivative of the enclosure movement. But under an open ecosystem, we can benefit from the flow of users and digital assets, and gain greater growth and prosperity by connecting to a larger network. Therefore, in an open metaverse ecology, we will be able to break the island effect between products and generate exponential value expansion.
Lily：My feeling is that there are really a thousand metaverses in the eyes of a thousand people. What is the final form of the metaverse? We don’t know yet, but what is important now is that we are all on the path to building the metaverse. On this road, in the process, there will be a lot of new things coming out, such as the current NFT, then I want to ask the two guests, what role do you think NFT will play in the metaverse?
Andy: God created the universe, and human beings control the earth. In order to better manage human beings, we invented laws. The laws stipulate human rights and property rights, delimit national boundaries and airspace, and create general equivalents. The Metaverse also needs such a system, and NFT is a good way to solve this problem. Our identity, property, land, etc. will be stored in the “account” in the form of NFT. This is ownership, you can’t rob, only Able to trade and create a harmonious world.
SeverusQu: From the current trend, human civilization will eventually migrate to the digital world. NFT is the definition standard for non-homogeneous things in the digital world. Therefore, it is an indispensable atomic-level thing in the construction of the metaverse. It plays the role of the cornerstone of civilization in the operation of the metaverse. It can be used in various fields. Do combine.
Lily: Okay, our topic today is to discuss the prospect of the metaverse under the new era and new infrastructure. Then I would like to ask the two guests, what are the infrastructures that support the metaverse?
Andy: I think the metaverse infrastructure is the following. The first is the underlying blockchain, such as Ethereum, Flow, etc., which will serve as the cornerstone of the Metaverse and carry the operations of various activities in the Metaverse; the second is the extension protocol. In order to support the development of the Metaverse, there are many existing technologies. All aspects need new solutions, they add vitality and security to the metaverse; the third is virtual asset trading platforms, such as opensea, Maze, etc., they maintain the economic order of the metaverse and enable the assets in the metaverse to be effective. , safe, low-cost flow, this is what we are doing; the fourth is various application support platforms, the Metaverse should be colorful, it is inseparable from various applications, so the developer support platform is also a very important It reduces the difficulty of participation and construction of the metaverse, and enriches the metaverse world.
Lily : Can you give me a detailed introduction? In the metaverse, your positioning is what?
Andy: We are a virtual asset (NFT) trading platform. In the metaverse, we position ourselves as a service provider and a power source. We will serve users and let them enjoy a more affordable and efficient trading experience. Our original radical trading model will keep the market in a trading state forever, improve the liquidity of NFT, and make the metaverse world more active and colorful.
SeverusQu: Dapper Labs is a company established in 2018, focusing on mainstream consumer blockchain applications. It is headquartered in Vancouver, Canada. As of now, our entire team has 400 people around the world, with a financing scale of more than 345 million US dollars. The most recent round was about 7.6 billion US dollars. Below are some of our investors, including the world’s top investment institutions and traditional large companies, such as Samsung, Ubisoft, Kotu, Google ventures and so on.
Up to now, we have mainly built 4 products, namely CryptoKitties, NBA Top Shot, Dapper Wallet and Flow Chain.
Flow Chain is the only blockchain for consumer-level applications, which has been proven to be the fastest growing blockchain in the world. It has more than 4 million wallet accounts and more than 1,000 teams in the Flow Chain within 1 year of its launch. Build their platform.
Lily: Andy, I would like to ask, why did you choose this business? Or what advantages do you think you have over other NFT trading platforms?
Andy: Transaction speed: Maze is based on our self-developed Bytom chain. Bytom adopts the original PoS + BBFT consensus algorithm, which shortens the average confirmation time to 6s. Therefore, the transaction speed of our platform is in the leading position among similar platforms. Give users a better experience.
Handling fee: The platform charges a 1% handling fee, and the gas fee is at a lower level than similar platforms.
Support for artists on the platform: We will guide and support artists who join the platform, help them become familiar with the platform, provide creative suggestions, and help design operation plans and publicity plans for free.
Publicity channels, ecological support: We will use the official resources of the team to help artists promote their artworks, lower the threshold for artists, and increase the upper limit of creation.
Strong development support team: Our development team will ensure the security of the platform, and any problems can be solved by contacting official personnel at any time through official channels.
The perfect protocol can be used directly: We have developed several available protocols including reproductive protocol, auction protocol, etc. The NFT of the platform can be used optionally.
Radical trading: We create an original aggressive trading model that keeps NFTs in a trading state at all times. When NFTs are listed on the market for the second time, users need to deposit a certain amount of margin, and the price of NFTs will be 10 times the amount of the margin. Any user can Buying it at any moment increases the liquidity of NFTs and increases market activity.
Lily : Okay, thank you Andy , the next question, I will ask Qu here, we have heard such a sentence now, that the end of the Internet is the metaverse, Web3.0 is the only way, I want to ask, In the Web3 era, what is the main advantage of Flow over other public chains?
SeverusQu: The Metaverse is a cross-industry social collaboration. Just relying on financial drivers is not enough.
As the only underlying public chain that focuses on mainstream strategies, Flow has paid great attention to the ease of use of the blockchain and not only digitally native content from the very beginning, so that it can seamlessly bring inhabitants of the traditional world. It mainly has several characteristics:
One is the resource-oriented programming paradigm. This kind of structure is closer to the concept of account and transfer in reality, which makes the user’s ownership more practical. Even if the smart contract is tampered with, the user’s ownership will not be violated.
The second is scalability. Flow is currently the only blockchain designed with a multi-functional node architecture among all blockchains in the world. It makes scalability very easy. We have four types of functional nodes: collection nodes, which are responsible for collecting node information; consensus nodes complete the packaging of a block; computing nodes complete the calculation of all transactions; verification nodes complete the verification of all transaction results. Finally, the two pieces of information are encapsulated in one block and sent out, which is done in the form of a pipeline. Because each different node type is responsible for its own unique set of functions, it can be easily extended in a targeted manner.
The third is the product experience without threshold. A more important attempt is Dapper Wallet, which allows users in the web2 world to consume and use NFTs by means of credit card payment. In the process we hide all encryption techniques. When a consumer plays NBA TS, he has no access to encryption or blockchain-related information at all. You can use it as an investment product or a consumer product. An important case of entering the blockchain world in the form of .
Another very important thing about infrastructure is composability. It is very important to build a state space on the dApp, and the related community to develop composability, and develop a representation of composability based on experience. Additionally, composability will continue to drive the growth and prosperity of the metaverse ecosystem.
Then after completing the accumulation of users in the initial digital world, we need to provide virtual worlds with different experiences, which is also the direction we are working on. And most of these virtual experiences need to be completed through “cooperation”. An obvious perception is that traditional technology companies that were previously unable to compete with the blockchain are accelerating their integration with the blockchain industry to create a richer and immersive experience for users, such as the XR company that took the lead. And as a bridge between traditional companies and the decentralized world, Flow will create more network effects in the next phase, providing users with a more diverse metaverse experience.
Lily: What do you think is the biggest difficulty in entering Web3?
SeverusQu: I think it is the realization of DID, including the existing obstacles: policies, decentralized storage, decentralized computing, privacy computing, anti-monopoly, user incentives; but I think the possible future is in a small area, or a certain A vertical field, first realize the real web3, and then gradually expand such a process;
Lily: Okay, just after listening to the two guests’ introduction to their respective platforms, including their respective positions in the metaverse we imagined and some actions empowered in this process, what do you think the metaverse will go to? A step? Or what is his next direction?
Andy: After last year’s madness, this year’s market is also starting to think about this issue. I think the next development of the metaverse has the following trends:
The digital economy and the real economy are deeply integrated. The development of the Metaverse is by no means “from the real to the virtual”, but to realize the deep integration of the digital economy and the real economy, thereby effectively empowering the real economy to upgrade in an all-round way, so that all walks of life can find a new development space for the “second curve”. The most critical application scenario of the Metaverse is the industrial scenario.
The economic community rises and grows. At present, economic community organizations are combined with automation tools such as blockchain smart contracts, and new distribution methods such as “profit farming” and new governance models such as DAO (Distributed Autonomous Organization) have emerged, allowing digital contributors to truly participate in the community. In the governance of the platform, it makes the community governance rules more fair, transparent and effective, strengthens the symbiotic relationship between digital contributors and the platform, attracts more resources, expands the network scale, and forms a “flywheel effect” of a positive cycle.
Reinvent your self-image and identity system. Designing your own digital image is often the first thing people do when they enter the metaverse. The digital image comprehensively reflects a person’s interests, aesthetics, feelings, dreams and many other psychological factors, and can reflect a person’s ideal self-image more than the actual appearance in the physical world. Projection in the digital world. Therefore, as digital life and social life are further integrated, and our daily life migrates to the metaverse in all aspects, the digital image will also become our main social image.
Digital culture has become the mainstream culture, and NFT has become the value carrier of digital cultural creation. In the age of the metaverse, with fewer and fewer physical constraints from the physical world, creativity may be the only scarce resource. Therefore, the metaverse era will also be an era of great development, great prosperity and mainstreaming of digital culture. IP will be the soul of all industries in the metaverse. As the value carrier of digital cultural and creative products, NFT is expected to become the core asset class of the Metaverse.
DeFi in the Metaverse accelerates the digital transformation of financial services. In the metaverse, numbers and entities will be fully integrated, and all economic activities will be transformed into a digital economy. This requires that financial services need to be digitalized, not only in form, but also in true inclusiveness, so that everyone can use digital financial services at low cost and high efficiency. Now, some pioneers are already trying to digitally reconstruct the global financial infrastructure, eliminate unnecessary financial intermediaries, lower the threshold and cost of financial services, and optimize the way and experience of people using financial services. A series of innovative practices in the field of DeFi may be an exploratory attempt to build a digital financial system in the metaverse era. DeFi not only enables asset owners to control their assets, but also enables highly secure, transparent and trusted automated transactions. In the future, DeFi may integrate innovative models such as cutting-edge technology, intelligent business, open organizations, and digital transactions to realize changes in business carriers, distribution models, organizational forms, and industrial relations, and lead the financial industry to a new era of digitalization and intelligence. era.
SeverusQu: I think it is still what I call DID, including a series of issues such as network transmission speed and stability of brain-computer interface;
Lily: We are also seeing a situation where ByteDance acquires pico, a VR company, including Facebook’s Oculus, and uses VR technology to express or improve the metaverse. What do you think is a sign that the metaverse is maturing?
Andy: Integrate cutting-edge digital technologies such as blockchain, 5G, VR, AR, artificial intelligence, Internet of Things, big data, etc., so that everyone can get rid of the constraints of real conditions in the physical world, so as to achieve better in the new digital space Self, realize the maximization of one’s own value.
Lily: Ask a user’s most concerned question, do you have any support for users now? Or what activities are there?
Andy: As we said above, artists who join Maze will be supported by the platform, covering design, operation, publicity, and other aspects. At present, there are also Maze platform quiz competitions to get airdrop rewards. NFT holds transaction dividends at the end of April. In addition, from March 24th to April 14th, BMC has a superconducting liquidity mining activity. Everyone can actively participate！
SeverusQu: We have done a lot of thinking about infrastructure, such as status quo, predicament, large-scale applications, TPS, including real-time finality and so on.
For the Flow public chain, it is relatively difficult to let people from the mainstream world enter the crypto world by constantly thinking about user participation and user participation in the design process, but Flow hopes that it will be very simple for mainstream users to contact crypto activities for the first time. process, not the complicated KYC process. It is hoped that the ecosystem will allow more mainstream users to enter the Flow ecosystem by providing legal currency payments.
A lot of people don’t want to play with cryptocurrencies, they just want to buy assets that interest them. And there are also a lot of transaction fees involved in the process. For example, the concept of gas fee itself, sometimes the gas fee you need to pay is higher than the value of the asset you buy.
The Flow public chain needs to ensure that fees do not become a factor that hinders users. In addition, it is necessary to ensure the security of the ecosystem and the security of the system architecture, including the composability of the Dapp itself, so as not to affect the end-user experience.
Lily : How can users join you more conveniently?
Andy: Follow the official Twitter: @bytom-official, you can enter the official community to get relevant project information in a timely manner;
SeverusQu: Welcome everyone to follow our official tweet, @FlowFansChina enters the relevant community to learn about our project information;
Lily : Okay, thank you two guests for being a guest and sharing. That’s it for today. Later, we will invite more projects to our live broadcast room from time to time. You are welcome to continue to pay attention!
