The MXC Foundation is designing a minting infrastructure to lead the billion-dollar Functional Non-Fungible Token (F-NFT) industry, taking hardware to the metaverse and exponentially expanding the MXC Data Republic.
MXC is digging deeper into a full-network facilitation within the virtual reality space. The MXC Foundation’s “MXProtocol” takes advantage of a “node created network” operating via LPWAN technology. As the network progresses, it will scale and act as an interoperable network layer, allowing for the creation of a secure, unique and infinite digital space.
The term for this free, open digital space is the “metaverse,” a buzzword that’s being used by companies all over the globe, but frequently without specific applications.
The metaverse is a virtual world, held and facilitated by technology within physical space, that can host comprehensive, interdependent, immersive media experiences. NFT use cases are the first notable shift in this move towards fully immersive digital content. NFTs allow anyone in digital space to have verifiable ownership of a virtual or tangible good — a picture or a piece imprinted in a blockchain that can not be manipulated. This ownership is purely digital, which allows transactions to be recorded on secure blockchains.
With the digital economy quickly taking over, the MXC Foundation has already transformed the digital space to incorporate real-time activity. This ensures access to multiple data republic networks in real-time. As many supporters are aware, the MXC Foundation has been working with Polkadot in order to have the Web3 framework incorporated into our own MXProtocol, enabling an exchange of value between applications and allowing smart contracts to be fulfilled, giving anyone the power to create a decentralized ecosystem on their own.
This is the vision for MXC’s Metaverse. Before explaining what MXC’s metaverse will be like, we need to understand what the Metaverse is, and how Web 3.0 integration through our protocol allows its applications to move and create value.
Augmented Reality + Virtual Reality = Metaverse
To understand what “metaverse” means, look at the origin of the word. The word Metaverse was first used by Neal Stephenson in 1992 in his classic SciFi cyberpunk novel Snow Crash to create the image of the internet like virtual reality, where users can interact with their own digital forms, called avatars. Meta (beyond) and verse (shortened from universe) implies a world beyond the physical domain: a virtual world, in which we can still be ourselves. The metaverse illustrates the virtual worlds that distinguish physical space from digital space.
The metaverse is the digital world where anything we imagine can exist. Do you want to travel to exotic lands? Or tour a luxurious home that you might want to buy? Or be in the frown row of a concert without leaving your home? In an immersive, interconnected, 3D digital world, this can happen.
Metaverse is the internet that you are not just looking at through a screen, but that you are inside of, shared and eternal. The meta vision of metaverse is achieved through a combination of augmented reality (AR) and virtual reality (VR). Both are “immersive technologies,” a term used to describe the technologies that integrate physical world content with the virtual world to create an environment where users can engage naturally with blended reality. But they do have differences: virtual reality creates a digital world that replaces one’s physical ambiance, whereas augmented reality happens when a live stream of a physical setting is superimposed on digital items. Mixed reality (MR) combines them, so users can interact in real-time with virtual objects that are streamed seamlessly alongside the real world.
Web 3.0: The Path Towards Digital Futures
With tech giants like Microsoft and social media conglomerate Facebook, who recently changed their name to “Meta”, entering the virtual reality universe, the metaverse is inevitable and expected to become the next mainstream movement in technology within all sectors. The metaverse will be an immersive online experience, enhancing the mixed reality environment that makes you feel like you are actually at a particular event — not just watching it from your screen. Every user will be an avatar within the metaverse, and these avatars will be able to interact with each other, express themselves, share, and live out fantasies.
These avatars will not just be an image of you, but a full three-dimensional depiction of you determined entirely by you: any gender, any physique, or any attributes. As Mark Zuckerberg said in his official Meta launch video, “The best way to understand the Metaverse is to experience it yourself.”
What Does Web3 Have to Do with the Metaverse?
Web 3.0 (Web3) refers to the semantic web, which encompasses all data possible. Under the semantic web, machines are able to collect and process data in the same way that humans do; that is, the web acts like a Global Brain, and any machine connected to the web will be able to comprehend the data conceptually and contextually. This allows the content on the web to be meaningful to the software programs, while also allowing them to transmit data without an explicit connection mediating or processing that data.
Web 3.0 is a series of multiple protocols and integrated platforms that have already been game-changers in the blockchain and IoT industry. Blockchain application made it possible to connect the data in a decentralized way. However, to understand Web 3.0 deeper, we have to examine its predecessors, Web 1.0 & 2.0.
The Internet as We Know It: A History of Web 1.0, Web 2.0 and Web 3.0
Web 1.0 started with the initial rollout of the global internet, which was connected via modems using the telephone lines. Under Web 1.0, there was an unconnected group of static websites containing plenty of information with no interactive content, and users were only allowed to read the content published on those websites.
The innovation of Web 2.0 brought Web as a platform service, where application providers were able to create software applications that exist upon the web. This allows users to create new, interactive content over various social platforms, giving birth to a new era of tech and social applications. Under Web 2.0, the network is more about democratizing participation. However, in Web 2.0, data is primarily archived in centralized locations, like servers or the cloud, and this enables a few “tech giants” to become massive, centralized bodies with vast chunks of data, which is monetized through targeted marketing, disregarding or jeopardizing security and privacy concerns. These centralization and privacy concerns led to the development of Web 3.0.
The Web 3.0, or the third generation of internet-based services, is a vision in which data is connected in a decentralized way, transferring power back to individuals in regards to what happens with their personal data. Web 3.0 is a digital world where individuals own their digital data in the same way they own any other physical asset. No permission will be needed from the central authorities to post anything, which eliminates the controlling node of the network. Simultaneously, users are able to apply machine learning technology and AI techniques to interact with their data. The nature of Web 3.0 allows integrated platforms to roll out decentralized applications on the blockchain. The wave of metaverse innovation is fundamentally changing how we interact with the digital world.
The MXC Meta Vision:
MXC’s metavision will empower our community as a whole to decentrally engage with one another in a virtual space via avatars. Every item owned by your avatar in the real world can lead to functionality in the virtual world. You will be able to enter the metaspace of the MXC universe by logging into your Data Dash app and will be able to access, interact with and explore the space by walking around.
The elegance of MXProtocol is that it enables seamless participation in our metaverse. It allows the MXC utility token to function as an interactive currency. The $MXC token will play an essential role in building the infrastructure, but it won’t be the only token you can use. You may recall, we are the first foundation to bring you a low-power, multi-token miner. The next step is to open up the MXC multi-token metaverse!
The M2 Pro Miner Application in the Metaverse:
The MXC metaverse will cover the globe, existing on top of the real world. If you own an M2 Pro, you will have access to exclusive features and capabilities in the MXC metaspace. The owner of an M2 Pro will own a piece of land, located where their miner is located in real life. This land in the virtual space will be identical to the miner coverage, approximately a 40 km radius block. For example, if you own a miner in the middle of Berlin, next to the Berlin parliament, you own that block within the MXC metaverse. But block ownership will reflect dominance: if you have two M2 Pros registered to you within a region, and someone else buys three miners in that same block, you might lose ownership in favor of the other person, similar to being “bought out,” in real estate terms.
You can enhance land ownership in the metaspace by adding virtual sensors around your block. Picture it like a virtual monopoly board, in which dominance is established by growing ownership. If you own a block within the MXC metaverse, you not only gain that reputation within the virtual space, but you can also charge a fee for others to advertise and showcase their NFTs, exchange referrals or other IoT products. You can even charge people to showcase objects that are physical and wearable objects in real life.
The $MXC Token in the Metaverse
The MXC token won’t just be a currency in the metaverse. It will facilitate the platform for creating and exchanging various items in the metaspace. Moreover, the $MXC token will also be the means of governance and staking in the virtual space. Staked token holders above a certain threshold will be able to vote for how the space is designed and be allowed to bring new proposals and vote for or against them within the community, in the form of the MXC DAO.
MXC holders will control the metaspace via miners and staked tokens. You will facilitate how people interact with your block. Do you want to require tickets to enter? Sell advertising space? Reward others for showcasing NFTs or their avatar? You’ll also be able to pump up your avatar. There is no limit to what you can do.
The MXC Foundation has been working on this for the past twelve months, and we are so excited to unveil this cutting-edge virtual data network — our own metaverse — in 2022. This is the beginning of the next wave of human advancement, and we can’t wait to see you there!