Author: Metaverse

Metaverse Weekly Progress Report 5.14-5.18

oyRSML9 - Metaverse Weekly Progress Report 5.14-5.18
Welcome to the Metaverse Weekly Progress Report for the week of May 14th! Read about our development and marketing progress in this weekly update brought to you by the Metaverse team.

Top Development Attainments

This week, we released SuperNova beta version and plan to start online testing next week.

In addition, we completed several functionality developments:

1) Metaverse Digital Identity
• Multi-signature supports to send assets
• DID supports multi-signature address binding and transfer
• Test case improvement on DID and multi-signature of assets
• Logic optimization of certificate implementation

2) Metaverse Digital Assets
• Verification of logic optimization of assets and certificate implementation into the block
• Added more assets and certificate test cases

3) Full node front-end:
• Added the didsendmore function
• Added the certificate transfer function
• Added the secondary issue function
• Displays the certificates owned by the DID

4) Other
• Added transaction of the local remarks, demand analysis, and program design
• Updated functioning of the automated testing framework
• Added full use case execution and output report, automatic mining and automatic creation, and cleanup of the residual account functions
• Automated testing is ongoing
• The check for missing automated test case is ongoing
• Grayscale environment release is under preparation
• We are optimizing the BaaS Page on the Metaverse Official Website:

Marketing progress

1) Conference and Meetup

• From May 14th to May 16th (UTC-7), Eric Gu, founder and CEO of Metaverse, participated in Consensus 2018 in New York along with Chen Hao, Metaverse CTO, and Matthieu Benard, Metaverse Digital Marketing manager. As an exhibitor and sponsor, Metaverse attracted many blockchain practitioners and potential partners to its booth. To get more details about Consensus 2018, please visit:

• Metaverse is going to attend the FINWISE Summit Tokyo, held from May 21st to May 22nd in Tokyo, Japan. Reports claim that officials of the Japanese Financial Services Agency (FSA) will also be invited to the summit in order to debate and share their opinions on Japanese support and development plans regarding the blockchain industry, and the legal compliance of Japanese exchanges. Read details via:

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Four Stones of MST, the Super Smart Contract

854Zf8X - Four Stones of MST, the Super Smart Contract

Token standardization was a vital development for the growth of applications on the blockchain. When transaction platforms support a certain token standard, the value and applicability of blockchain tokens greatly increase, and considerable improvements in economic efficiency are induced.

The most common token standard is Ethereum’s ERC-20, which is referred to as a smart contract standard template. With the ERC-20, users do not need to write smart contract code themselves, but rather can issue tokens by directly copying the template code, making a few modifications, and adjusting relevant parameters.

Widespread use of ERC-20 has driven blockchain technology into a new, more advanced era. However, after gleaning insights over the course of an extensive number of business negotiations, it is clearly evident that ERC-20 is failing businesses on several accounts, which are as follows:

  1. As a result of ERC-20, businesses are not concerned with whether they use smart contracts to issue their tokens, and are not even willing to write and deploy smart contracts themselves
  2. Most of these businesses require their tokens to meet general requirements such as secondary issue, burning, repurchasing, etc.
  3. A small number of these businesses require their tokens not to be issued all at once, but rather on a slow-released basis according to a given model

Metaverse Smart Token (MST) is a set of token standards on the Metaverse blockchain that allow anyone, regardless of development capability or programming knowledge, to issue tokens anytime via a visual interface. Tokens can even be issued in the SPV Light Wallet and safely transferred as Bitcoin. Currently, 188 digital assets have been issued on the Metaverse blockchain using the MST standard.

Disyzmp - Four Stones of MST, the Super Smart Contract

MST is based entirely on the Bitcoin Unspent Transaction Outputs (UTXO) model. Compared to the balance model which the Ethereum smart contract is based on, UTXO has strong anti-replay attack features and enables tokens to have SPV features. After the process of migrating the token to the light wallet, a security level equivalent to that of Bitcoin can be achieved.

MST is a blockchain technology standard specifically created for the token economy, and helps to meet users’ needs that are unsatisfied by the ERC-20.

Specifically, MST has the following 4 powerful stones:
1. Globally Unique
2. User-Friendly with No Development Skill Required
3. Native Support for Multiple Financial Instruments
4. Custom Investment Thresholds

Today, you will be given a detailed introduction to the four stones of MST. With this knowledge, you can use them to unleash the magic power of the universe to create your own digital assets.

Globally Unique

MST ensures only one symbol exists for each token on the main network. These symbols act as globally unique, readable identifiers to eliminate ambiguity among token listings.
This feature stands in stark contrast to the ERC-20, which lacks unambiguous identifiers. ERC-20 token listings guarantee uniqueness by the contract address. However, it is well known that Ethereum’s contractual address is difficult to read, and requires a high level of attention from ordinary users. Recently, the first crypto-currency that claims to be backed by oil resources and issued by the Venezuelan government, “Petro,” was recently flagged due to fraudulent activity.

The official website of “Petro” is shown below.
0BlrEao - Four Stones of MST, the Super Smart Contract

The project became flagged as a result of actions by a scammer that made a copycat site. On this fake official website, apart from the white paper link, all of the other web addresses are false, including the Twitter, Facebook, and other linked accounts.

1*AzAKo5LEeOQB36 UE80FAA - Four Stones of MST, the Super Smart Contract1*AvI81ZhxcQdI1a IDpqxcA - Four Stones of MST, the Super Smart Contract

The most harmful false link, however, was the Etherscan website address provided at the bottom, which linked and facilitated donations to a fraudulent account.

1*2NBXZsQFGKZen5uqHrKaig - Four Stones of MST, the Super Smart Contract

After clicking, the interface of Etherscan in the figure below appears. On the fake website, the linked address is the false token’s smart contract address: (0x1EC10EAb27b76968cd8B854914CC6EB9F886Ce27). However, the “Petro” issued by the Venezuelan government was still in the ICO stage and had not released any contract address information on its official website. This exemplifies how, when it comes to digital assets, it is easy for users to fall into the trap of fraudsters if they lack a method for differentiation.

1*WwfhJ0qJxTRF7cmcN58piw - Four Stones of MST, the Super Smart Contract

Looking at the image of Etherscan below, there are clearly several other malicious ERC-20 tokens with similar names, designed for the purpose of defrauding users.

1*Rmk0ptn556B1z M6q11ufg - Four Stones of MST, the Super Smart Contract

MST provides a solution to such issues.

The MST symbol references the design of the BTS and the underlying securities, and only supports uppercase letters and dots to rule out ambiguity in reading and coding.
The addition of the dot was designed very intentionally. We hope to clearly indicate the ownership of the token, such as “CHENHAO.LAPTOP” and “ERIC.BRAIN”. The token itself swears ownership rights of the asset, which can ultimately be used in conjunction with the Metaverse Digital Identity (MID).

User-Friendly, with No Development Skill Required

Since everything is visualized the use of MST is very simple for general users. Some examples can be found in the official documentation:

For developers, only two JSON-RPC APIs need to be called. The first one is for creating the token, and the second is for issuing (broadcasting) the token.
The transactions generated by these two APIs are all based on ‘Pay to Public Key Hash’ (P2PKH), a standard format for making payments on the Bitcoin network. Since these transactions are similar to Bitcoin standard transactions, all MST can share the same type of address with ETP, which begins with the capital letter M on the main network at the beginning equivalent to the payment address starting with 1 in Bitcoin.

4j3rvmw - Four Stones of MST, the Super Smart Contract

In the process of utilizing MST, users will find that MST can be well integrated into all financial applications and Internet-based applications, and can even be embedded into micro-embedded devices without complicated deployment of smart contracts on devices.
Thus, compared with the code writing, parameter overriding, deployment of smart contracts, and announcement of smart contract addresses required for smart contract-based ERC-20 tokens, the learning and promotion costs of MST are relatively lower. Moreover, it has been claimed that ERC-20 tokens can be issued in 5 minutes; MST can finish this process in 5 seconds.

Native Support for Multiple Financial Instruments

Native Support for Multiple Financial Instruments is probably the feature that gives MST the greatest distinction from other smart contract tokens, including the ERC-20 and NEP-5 standards.

At least six core functions will be provided for MST. Focusing on the usage of these core functions, it is important to note the BaaS specifications. These specifications include mainstream programming languages such as Java, JavaScript, Go, and PHP SDK. Developers can develop popular SDKs in accordance with these specifications, these SDKs will be collected into official documents, and developers will be rewarded with an appropriate number of tokens.

The six functions are: Issue, Transfer, Deposit, Swap, Secondary Issue, and Trade.

For example, Bob has a demand for secondary issue and his company uses the Go language. After importing the Go language SDK, a secondary issue API could be called according to business requirements.

It is also planned that users will also be able to specify an economic model for token issuance. This model may be analogous to the linear decay model of Bitcoin, an accelerated decay model, or even discrete ones, so that not all of the tokens are issued at once.

Custom Investment Threshold

The custom investment threshold means that rational project parties screen qualified investors.
ERC-20 greatly reduced the threshold of ICOs. Different from that of Vitalik’s idea of DAICO, MST will try to increase the threshold, which can force investors to make changes themselves.
This type of setup will raise the bar by getting high quality projects on the market, while speculative projects will not pass the threshold. This differentiation will also provide investors with valuable insight.

MST’s four stones are designed and deployed according to user’ needs. A user-centric approach will be the future of blockchain development. Projects that truly embrace users will create the highest value!

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Metaverse Weekly Progress Report 5.7-5.11

oyRSML9 - Metaverse Weekly Progress Report 5.7-5.11
Welcome to the Metaverse Weekly Progress Report for the week of May 7th! Read about our development and marketing progress in this weekly update brought to you by the Metaverse team.

Top Development Attainments

This week, we released Super Nova closed beta version, and testing and bug fixes are ongoing. We also updated the document for Nova version.

In addition, we completed several functionality developments:

1) Metaverse Digital Identity
• Logic optimization of DID into the trading pool
• Logic optimization of DID into the block
• Research about DID supports of multi-signature function

2) Metaverse Digital Assets
• Operation related to asset and certificate support of the use of
digital identity

3)Front-end for Full-node wallet:
• Assets burning is available
• Added secondary issue option during asset creation
• Newly created assets are linked to a DID
• Updated the address linked to a DID

4) Other
• Added a tool to achieve account form restoration and a weight reduction of old account form.
• Development of account protection strategy function:
When one account continually inputs a wrong password 10 times, or continually inputs a wrong last mnemonic word 8 times, the account will be locked for 30 mins. Even if the correct password or mnemonic is input during the locked period, login won’t be allowed.

Marketing Progress

1) Partnerships
We’re excited that two partnerships have been announced this week!

• Metaverse formed a strategic partnership with ParcelX. Under the terms of this partnership, both parties will work closely together to establish the world’s first global, cross-border parcel delivery network using blockchain technology.

To see more details, please visit:

• Metaverse will partner with Zhejiang University to co-establish the Blockchain Technology Laboratory.

Read details via:

2) Conference & Meetup
• On May 6th (UTC-7), Eric Gu, Metaverse founder and CEO, visited San Francisco along with the Metaverse core team. They attended the Global Blockchain Technology Expo in Silicon Valley, which was organized by BlockTrain and Draper Dragon. Eric accepted a media interview and talked about Metaverse there.

• On May 7th (UTC-7), Eric and the Metaverse core team held a meetup in the Bay Area, which was hosted by Metaverse Ambassador Manlin Dai. Eric shared the history of the Metaverse project with the audience, and talked about MIP (Metaverse Improvement Proposal).

• The Metaverse team will be at Consensus2018 in New York from May 14th to May 16th. We’re at booth #101—come and say hi!

To see more details about Consensus2018, please visit:


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ParcelX & Metaverse Announce Strategic Partnership

c6xdSQ5 - ParcelX & Metaverse Announce Strategic PartnershipParcelX and Metaverse have agreed to officially move forward with a robust strategic partnership as of May 2, 2018. Under the terms of this partnership, both parties will work together closely to establish the world’s first global, cross-border parcel delivery network using blockchain technology.

ParcelX will onboard Metaverse as their first dAPP on the Global ParcelX Network, and will fully utilize Metaverse’s expertise in self-sovereign digital identity on the platform. At the same time, Metaverse will open its powerful platform to ParcelX in order to deeply customize and streamline its service offerings.

Metaverse founder Eric Gu will join ParcelX’s advisory team, lending his numerous years of leadership and expertise in the Chinese blockchain ecosystem to the project. Metaverse’s experience in deploying its unique “Avatar” digital identity, devotion to developing on-chain enterprises, as well as development of its “smart assets freeze & transfer” functionality will be a distinct advantage for the development of the ParcelX network.
qaPGFQt - ParcelX & Metaverse Announce Strategic Partnership

Furthermore, Metaverse will leverage its institutional investor network to assist in ParcelX’s private sale. It will also support the GPX(!/asset/PARCELX.GPX) token’s ICO process and promote it before, during, and after the listing process via its own platforms, well-known blockchain and crypto media channels, and industry events.
8x1zDLf - ParcelX & Metaverse Announce Strategic Partnership

ParcelX selected Metaverse as one of its major strategic partnerships due to its long history and prestige in the Chinese blockchain industry. Furthermore, Metaverse’s dedication to R&D, professionalism, user-friendliness, and technical knowledge will be an indispensable asset to the success of ParcelX going forward.

About ParcelX:

ParcelX is the future of decentralized cross-border parcel delivery. Radically transparent, efficient and inexpensive, ParcelX is creating a new, Blue Ocean market with blockchain as a revolutionary technology. It will remove inefficiency, data opacity, and high costs from one of the world’s oldest industries: cross-border logistics.

With an established market base in China, Japan & Korea, and over 50 cross-border e-commerce delivery partners, it will harness unutilized, redundant capacity to unite geographically distant nodes, using blockchain and token economics to seamlessly integrate its services for all participants and stakeholders.

About Metaverse:

Metaverse is an open-source public blockchain that aims to provide digital assets and identity capabilities. Through blockchain-as-a-service (BaaS), it creates convenient, secure digital finance services accessible to all Internet applications at virtually no cost.

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Metaverse LightWallet Android version is now live on the Google Play store!

HsVw9nO - Metaverse LightWallet Android version is now live on the Google Play store!

We’re glad to announce that the Metaverse lightwallet (version name: Gamma Ray) is now available on the Google Play store. After an extended testing phase on the testnet together with community volunteers, we completed two rounds of debugging and improvements and are now ready to officially launch the app.

MyETPWallet is a light wallet that provides users with a much simpler alternative to full-node desktop wallets. It does not require users to download the entire blockchain to send and receive assets, and user’s private keys are not stored within a centralized server.

The features of MyETPWallet (Android version) are:

• ETP and Metaverse-based token transactions. Added QR scan function for sending assets.

• Transaction history checking

• Asset creation

• ETP deposit function

• Multiple themes available

• Seven languages supported (English, Chinese, Korean, Russian, French, German, Thai)

Do note that you must create an account at or on the full-node wallet first to be able to use the light wallet mobile app, as you have to import an existing account into the app.

To try MyETPWallet, please download it via

Or go to Google Play store and search “MyETPWallet”.

Enjoy it!

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Progress Report – (2nd Jan 2017 – 19 Jan 2018)


Metaverse is a public blockchain project that aims to provide decentralized services based on digital assets, digital identity and value intermediaries in order to build an open ecosystem in which digital value can be freely circulated. Detailed information can be found in our white paper

Weeks in Review


• Light Wallet Development Progress

In preparation for the release of the official light wallet app for Android devices, the MyETPWallet app beta (Testnet) has been launched on google play store and is currently going through user testing and being refined.

There are some issues that we are seeking help for. If you’re interested in contributing to the light wallet, please check out the GitHub page:(

• Metaverse full-node wallet

V0.7.3 of MVSD, Metaverse’s full-node wallet, is now available. Mainly targeted towards developers, the main improvements made are:

  • Provides developers with a standard JSON-RPC 2.0 call with URI: /rpc/v2. Refers to API v2. For more information, you can refer to the documentation here:
  • Compatible API calls on versions older than v0.7.3 with URI: /rpc/
  • Other optimizations

  • Performance improvement.

To download the latest version of MVSD, please visit our website at

Digital identity development is also ongoing. Details are as follows:

  • Finish theoretical code design of digital identity/Profile implementations
  • Developers are currently working on anonymity for Digital identities
  • Dockerfiles are now provided, with support for compiling and binary

  • Revised and improved documentation at

• Development Roadmap

An updated development roadmap outlining Metaverse’s plans for 2018 in greater detail has been released here:

• Official Website

Our official website is now available in Spanish! Spanish, Latin American and other Spanish-speaking community members can now view the website in their native language.


Metaverse ETP was listed on Bit-Z, a Hong Kong based exchange that provies professional digital asset trading and OTC (Over The Counter) services. The ETP/BTC trading pair is currently available.

1*gJm xijCMIdYkrevyI3Qzg - Progress Report – (2nd Jan 2017 – 19 Jan 2018)

Community Events

• Soliciting Articles

Metaverse has launched a long-running community event that will reward content creators – find the details here!

• Ambassador Program

We’re pleased to announce the launch of the Metaverse Ambassador Program, which aims to support our community of driven blockchain enthusiasts and elevate their reach. Our very first Ambassador is Jack Hwang – a familiar face for anyone in our English Discord; he also manages the official South Korea Community! Metaverse is looking for more driven Ambassadors who will be rewarded with attractive benefits and exclusive opportunities to interact with the team. More information can be found here:

Metaverse Foundation

• The Foundation has also partnered with Baofeng Bokocloud, a platform created by Baofeng Xinying, for technical collaboration and full node support. A subsidiary of Baofeng Group (Shenzhen Stock Code: 300431), which boasts over 300 million users worldwide, Baofeng Xinying has a wealth of experience and expertise in large-scale and high-concurrency distributed file systems.

• The Foundation has also established a bounty program. There are two types of bounties available: one is a developer bounty, while the other rewards community contributors. Read more about it here and participate actively!

Other information

Jibrel Network – Blockchain Revolution Summit: CEO Eric attended the summit in Seoul, Korea and gave a speech about digital economy there. He also accepted an interview by Korean media “The Korea Herald” and talked about digital currency and the application scene in terms of blockchain finance.

Finwise Summit 2018: representatives from Metaverse attended Finwise Summit 2018 in Macau for two days of intense dialogue, presentations and networking, led by CEO Eric Gu and CTO Chen Hao. Read more about what we were up to here

Eric Voskuil, lead developer of Libbitcoin, a wildly popular set of cross-platform C++ libraries for building bitcoin applications, visited the main Metaverse office in Shanghai for a week of discussion and technical training workshops with numerous developers from the Chinese community.

2018 Roundup: “Given the diversity of projects already available in the marketplace, what value could Metaverse bring?”. We answer this and more in our 2017 Roundup, which reflects on Metaverse’s progress in 2017 and outlines our goals for the year ahead.Read it here

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Metaverse: Building A New Reality (2017 Roundup)

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