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Exclusive Interview with Abhay Sharma, CMO, MetaOneVerse
Cryptomarket is ruling the roost in redefining the way we see the money. From being a research project to being a national currency for transactions, the crypto market has come a long way. While old and well-grounded projects are swaying to some uncommon developments in the market, new blockchains with innovative features are cropping up every other day. MetaOneVerse is one such futuristic blockchain taking shape with a vision to develop the most versatile blockchain for a larger number of users to adapt to the crypto-economy. Analytics Insight has engaged in an exclusive interview with Abhay Sharma, CMO, MetaOneVerse.
1. Kindly brief us about the company, its specialization, and the services that your company offers
MetaOneVerse is based in UAE & is a crypto organization aiming to develop the fastest, lightest & environmentally friendly blockchain on which we will be building user-friendly & most advanced Metaverse & web3 products.
2. With what mission and objectives, the company was set up? In short, tell us about your journey since the inception of the platform?
MetaOneVerse mission is to make user-friendly crypto products so that anyone can use them without being technically sound.
Our objectives are the following:
- Develop and deliver user-friendly crypto products
- Most advanced & high-quality NFT's
- An open space NFT marketplace
- Most secure & reliable crypto exchange
- Develop & deliver the fastest, lightest & environmentally friendly blockchain
- Develop & deliver the most advance & user-friendly Metaverse for mass adoption
- Cutting edge & decentralized web3 products where holders can have a great resource of passive income
- Mass adoption of MetaOneVerse products and become one of the top 10 cryptocurrencies within a year
3. Mention some of the awards, achievements, recognitions, and users' feedback that you feel are notable and valuable for the growth of the platform.
We have developed and are about to release one of the most secure & trustworthy crypto wallets within a week.
We have signed a contract with a top crypto exchange and very soon users can trade M1Verse on it.
We have achieved 10X improvement from the launch price within a week and are constantly growing, our user base is not at 2700+ users within a span of 2 months.
We have garnered featured articles in "Yahoo news", "Yahoo money", "Yahoo Finance" & "Abplive" along with numerous participations in industry stories.
4. Tell us how your company is contributing to the Metaverse/NFT/Blockchain Gaming industry of the nation and how the platform is benefiting the users
At this stage, we have begun the development of the NFT marketplace & Blockchain and on the same platform, we will be releasing our Metaverse and Web3 products.
NFT & Blockchain will be one of the best in the industry and will revolutionize the current market with valuable features such as:
Being User friendly: A common user will be easy to create, navigate and list their NFTs on the marketplace. There will be ease of transaction and very low charges. This will help user to launch their collections with ease of mind where every transaction will be recorded and will create a fir pool for every user.
Metaverse- Our metaverse will be available on our blockchain, users would be able to explore, buy, build and trade their virtual assets in Metaverse. We will be having the following features:
Explore: Explore Virtual lands owned by users to experience incredible scenes and structures. From a space adventure to leisure a seaside hotel to a medieval dungeon maze to an entire district crafted from the minds of community members.
Create: Create Virtual lands owned by users to experience incredible scenes and structures. From a space adventure to leisure at a seaside hotel to a medieval dungeon maze to an entire district crafted from the minds of community members. We will be having a custom-building tool that will help any user to create his fantasy asset on our blockchain. Similarly, there will be a 24X7 live support at Metaverse which will ease out all the issues in real-time.
Trade: Users will be able to buy, sell and retain ownership in Metaverse via lands, buildings, and monuments that can verify their ownership via Blockchain with MetaOneVerse.
Metaverse will open avenues for mass adoption with all the leading industries where they can use our metaverse for virtual interaction with their clients or employees.
5. How do you plan to revolutionize the Indian/US/ market and what are your plans to tap the market?
MetaOneVerse is a global cryptocurrency and will be traded globally on Cex or Dex, any user from anywhere in the world would be able to trade M1verse using both of the options.
Mass adoption is the key and MetaOneVerse's user-friendly products will scale up the adoption globally. Currently, we are being traded on Pancake swap & we have signed up with a major crypto exchange that has a global presence and is ranked in the top 15 crypto exchanges in the world. This will provide an immense exposure to M1Verse at these early stages along with our user-friendly and secure crypto wallet. All products have more to offer to users that will open a source of passive income.
6. How do you see the company and the industry in the future ahead?
Metaverse & web3 products are the future of blockchain technology and will convert into mass adoption in the coming years.
Metaverse is a technologically advanced mechanism where brands can take leverage of this and in most instances, brands will combine the marketing of virtual and physical goods with the immersive worlds they create in the metaverse. One of the most common ways is to give users a "skin" or a blank genderless avatar they can use to enter virtual storefronts and try on/purchase digital products. They can create their virtual products on Metaverse and users can access it through VR gears, where they can explore products similar to real-time ones.
There are many different ways that brands can use the metaverse to interact with customers. Some of the easiest ways to start getting involved include creating NFTs that represent your brand or company, and sponsoring events within the metaverse such as gaming tournaments or music festivals.
Let's understand an example of the travel industry:
In the metaverse, we'll be able to teleport to locations all over the planet and experience anywhere in real-time. These advances will completely shift our relationship with travel because they will cut down on the amount of time, we spend waiting on train platforms, standing in security lines, or worrying about missing buses.
Companies like these offer immersive tours and virtual travel experiences of all kinds:
- Google Earth VR
- Overview Collection's Escape Now
Here are some other ways VR will transform travel in the metaverse:
"Try before you buy" VR experiences: Immersive experiences like Travel World VR allow travelers to try out accommodations and destinations before booking real-world tickets. These kinds of experiences will be a huge marketing boost for hotel brands, travel agents, resorts, and tour operators.
Improved customer service: Brands can improve their reputation and engage with customers in countless ways in the metaverse. Visitors and guests will be able to purchase souvenirs, book flights home, ask questions about room service, or use concierge services, all in a VR environment.
In-flight entertainment: Imagine being able to break up the monotony and boredom of a long-haul flight by putting on a VR headset and entering the metaverse. Immersive experiences could not only be entertaining on flights or train trips, but they could also ease anxiety.
This is just an example of the travel industry, the implication of Metaverse is there for all sectors and there are numerous features to explore.
7. What does your technology and business roadmap look like for the rest of the year?
Our roadmap is dotted with major development & delivery of products at every stage.
At 10,000 holders:
- Reward dashboard
- Dapp wallet release
- CMC & CG listing
- Social media marketing
- CEX listing
- Digital media marketing
At 30,000 holders:
- Staking Launch
- NFT Marketplace development
- Tier 2 CEX Listing
- M1Verse Exchange development
- Project Discussion Forum P.D.F
- Charity Event
At 70,000 holders:
- Tier-2 Listing
- NFT marketplace development
- NFT marketplace NFT-drop competition
- M1Verse Exchange development
- Play to Earn game development
- Social media / digital media marketing
At 100,000 holders:
- M1Verse Blockhain development
- M1-Metaverse Development
- Tier 1 Exchange listing
- Digital/Social/Billboard marketing
- M1Verse charity event
- M1Verse Merchandise release
At 150,000 holders:
- M1Verse Blockhain Release
- M1Verse Launchpad Release
- M1Verse play to earn Release
- M1Verse launchpad competition
- M1Verse Web3 App Release
- M1Verse Metaverse Demo Release
- NFT airdrop competition
- Crypto expo participation
- Roadmap 2.0 launch
8. What is the importance for such a platform adopting a Dapp architecture? Explain the challenges a platform has to face for adopting access like Dapp?
Decentralization is the key and is the soul of crypto products.
A decentralized application (dApp) is a type of distributed open-source software application that runs on a peer-to-peer (P2P) blockchain network rather than on a single computer
Dapps are important because they have value. Because Dapp is decentralized, they are free from the control and interference of a single authority. The benefits of Dapp's include the safeguarding of user privacy, the lack of censorship, and the flexibility of development.
In fact, Dapp coins are valuable because they can replace an untrustworthy centralized consensus, have functions that bitcoin is not capable of, and have the ability to operate exclusively with a specific network's coin.
Challenges to building a Dapp: Developer must deeply understand the working of a blockchain. A blockchain tends to maintain an open ledger that records the data, and similar or identical copies of the ledger are managed across the network on nodes. Nodes are computers that run on your software to become compatible nodes.
9. What are some of the challenges faced by the Hyper Deflationary Token enterprises today?
A deflationary crypto decrease in its market supply as time goes by. This factor implies that users or the project's team will participate in activities that reduce the coin's supply on the blockchain. A common way to achieve this end is burning tokens.
Deflation in cryptocurrencies mainly involves burning tokens from circulation. The confusion comes in how exactly a blockchain destroys its tokens. It is not a literal activity as it consists in locking the tokens in a wallet without the private keys, rendering them inaccessible.
Platforms employ two types of burning mechanisms: buyback and burn and transaction burning. Buyback is a self-explanatory mechanism as it involves the platform buying back tokens from holders and locking them in an inaccessible address; a platform may use part of its profits to execute this process.
As for burning on transactions, a platform employs a smart contract that automatically burns part of transaction fees. This mechanism heavily depends on the number of transactions on a platform; the more the transactions, the more tokens the platform burns and vice versa.
