Metaverse — the retrospect of World Blockchain Summit in Dubai

On October 24–25, Eric Gu, the founder of Metaverse Entropy Foundation, was invited to attend the World Blockchain Summit held in Dubai. World Blockchain Summit gathered emerging blockchain enterprises and senior blockchain experts. Metaverse team discussed the development and prospects of the blockchain technology together with many participants. At the same time, Eric Gu delivered a speech and shared his unique opinions with respect to blockchain.

At the summit, Eric Gu gave a presentation themed “Digital Identity: Commercial Application of the Blockchain”, which explains the importance of digital identity in the development of blockchain technology. Additionally, the founder elaborated China’s first public blockchain Metaverse’s development progress and its huge commercial potential in digital identity, digital assets and BaaS.

Dubai government attached great importance to the World Blockchain Summit, where government officials attended the meeting and participated in the discussions actively and passionately. Metaverse team talked about the development and application of blockchain with officials from Department of Economic Development and Dubai Health Authority. Furthermore, Eric shared his views over some specific issues.

The founder of Metaverse Foundation, Eric Gu expressed,

I am very honored to be here and discuss with these excellent blockchain experts from all over the world on how will the blockchain create new value and serve all industries as well as how will Metaverse-based digital identity, digital assets and Blockchian-as-a Service (BaaS) be able to help these fields operate more efficiently and trustworthily. I would also like to express my heartfelt thanks to these outstanding professionals and industry experts for their suggestions, which will urge us to make further progress.

Metaverse Foundation Leads on Creation of Official Blockchain Alliance in China

The Metaverse Foundation, developers of the first public blockchain platform in China, led the establishment of the Metaverse official self-regulatory blockchain alliance in China during the Finwise Global Blockchain Summit in Shanghai.

The Sandbox Self-Regulatory Alliance, as it now called, is comprised of seven influential blockchain-based organizations established in China, and aims to promote best-use cases for blockchain technology, raise awareness of the regulations pertaining to the blockchain-related industries, and better serve the public through legitimate, practical applications and standards.

Eric Gu, the founder of Metaverse Foundation, indicated how ICO projects are facing regulatory dilemmas for both entrepreneurs and investors, stating, “This is an emerging financial model, and the Chinese government holds a relatively open attitude, for now. I am very proud that our industry, leaders, and companies are taking the lead in compliance and self-regulation.”

Metaverse is an open source public blockchain, allowing digital assets to be issued, transferred and recorded on its decentralized platform via Entropy (ETP), its native token. Unlike Ethereum, which allows programmers to write code on top of the platform itself, Metaverse preserves the underlying platform, enhancing security.

The Metaverse blockchain is now the backbone of many fintech and allied industry applications, with their growing team offering Blockchain as a Service (BAAS) to contracted clients. Their expanding team of blockchain developers and specialists has created the need for a move to larger offices located in Lujiazui, Shanghai where they now be based.

The Metaverse Foundation will continue to lead on the Sandbox Self-Regulatory Alliance from these new offices, addressing the future of applications on the blockchain, and developing regulatory practices surrounding ICOs.

For more information, please visit https://mvs.org/