The concept of metaverse has almost become the main sustenance of the market in the second half of the year. Why is a concept that has long been cultivated in the traditional game circle suddenly exploded in the encrypted application market? Currently, the main mission and value of Metaverse is to find a suitable scenario and comprehensive aggregation direction for NFT and DeFi activities. But we cannot deny that the development of Metaverse in the encryption application market has a positive effect on the prosperity of the entire application ecology. So from the concept to the ecology, what kind of development stage will it experience in the middle? We shifted our attention from the more superficial application side to the deeper underlying infrastructure, and looked at the dynamics and trends of the metaverse's ecological growth from a different perspective.
On August 12th, WebX Labs invited Erer, the spokesperson for the China region of TrustBase, an infrastructure-level parachain project in the Polkadot ecosystem, to bring us the value and positioning of the underlying infrastructure in the metaverse pioneering movement.
The following is the content essence of this online AMA:
WebX Lab: Say hello to everyone first, and then briefly introduce TrustBase. Please also introduce the core competitive advantages of TrustBase.
Erl:
Hello everyone, I am Er Er, the spokesperson of TrustBase China. I am very happy to share the progress of the TrustBase project with you on WebX today.
TrustBase is based on the Substrate framework, independently develops the Subscript smart contract language, and supports the development of a variety of programming tool plug-ins, smart contract applications and other Polkadot parachains for any Web3 network components. As an infrastructure project in the Polkadot ecosystem, TrustBase has won the Web3 Foundation Grant.
TrustBase is committed to providing Web3 developers with a lighter underlying language, and empowering traditional developers with the ability to deploy Polkadot native smart contracts, to participate in Polkadot ecological construction without barriers, and to form Polkadot-TrustBase Parallel Chain-Web3 A powerful ecosystem for multi-dwelling development of network components.
WebX Lab: Today we mainly talk about the Metaverse, can you share with us how you understand the Metaverse? Why is it so popular, where is its value and imagination?
Erl:
In fact, the metaverse is not a brand new concept, it was proposed in the 1990s. Recently, due to the popularity of NFT, Metaverse suddenly"resurrection" 。
In the Metaverse, there is an always-on real-time world in which an infinite number of people can participate simultaneously. It has a fully self-running economic logic that spans the physical and digital worlds. Provides unprecedented interoperability.
Data, digital items, content, and IP can all work in the metaverse. Many people and companies will create content, stores, and multiple experiences to make it more prosperous. Metaverse will not be operated by a single company, but by Many different parties operate in a decentralized manner.
In more straightforward terms, the metaverse is actually a brand new digital world formed by the combination of virtual and reality, using technologies (block chain, 5G, Internet of Things, AR/VR, etc.) Projected into this digital world, a large number of people can carry out a series of collaborative activities such as games, social interactions, and creations in this real-time online digital world. It will break the constraints of time and space and present us with a more colorful world. digital world.
WebX Lab: The information on the market is very messy now, and many people are easily confused. Can you briefly sort out the differences and relationships between the concepts of metaverse, NFT and GameFi with us?
Erl:
hardware"hardware"problem, but if the metaverse is to really run, it needs economic activities, but the economic system is very complex, and homogeneous tokens have no scarcity and cannot anchor value, while non-homogeneous tokens, namely NFT, can Perfectly solve the problem of value anchoring, each NFT uniquely corresponds to a thing in real life, NFT represents the value behind each thing, so these NFTs can be traded, and there will be business activities if there is a trade , there will be economic exchanges, so that the metaverse will start to operate.
And Gamefi is currently a very popular usage scenario in the Metaverse, so the relationship between the three is that the Metaverse includes GameFi, and NFT is a medium that travels through it.
WebX Lab: Do you think there are any core shortcomings in the development of Metaverse? What do you think is the key starting point for the prosperity of the metaverse application ecology?
Erl:
The metaverse has the characteristics of openness, persistence, and asset attributes, but at present, the linkage between each metaverse and within the metaverse is not very good. If we can better connect the linkage points between each other, of course in the virtual world Among them, how to achieve better economic interaction can produce close interaction.
The TrustBase layout metaverse also has certain advantages. After all, it is a smart contract parachain based on the underlying technology language Subscript, which has strong ecological scalability. NFT, DeFi, etc. laid out in TrustBase can interact with each other. As part of the metaverse, NFT will realize organic interaction in the TrustBase ecology, empower ecological value, and will produce explosive diffusion.
WebX Lab: How does TrustBase define its role and value in the entire Metaverse and the development of the encryption application ecology?
Erl:
TrustBase is about to make preliminary explorations in the metaverse field, and this is also to enable the usage scenarios of tokens in the Web3.0 era and increase the production capacity in the metaverse for all holders. Everyone can pay more attention to the metaverse exploration activities.
At present, TrustBase has completed the basic NFT contract code analysis and testing. After the main network is launched, this will break the development limitations of NFT. The development of NFT is the foundation of the Metaverse.
WebX Lab: We know that traditional Internet giants and game companies outside the circle are also entering the metaverse. Compared with them, what advantages do you think the entrepreneurial teams in the blockchain circle have in the innovation and development of the metaverse?
Erl:
At present, international giants such as Facebook and large Internet companies such as Tencent and Ali in China are starting to deploy, which is completely different from the early days of the blockchain. Both the Internet and the Metaverse have a strong demand for storage. Internet storage is basically cloud storage and cloud services, and the Metaverse must be decentralized to meet its needs. Therefore, in the process of the metaverse being gradually recognized and popularized, blockchain technology has the innate advantages that are just needed. Especially with the increase of users, this demand will become more and more obvious.
Blockchain is a technology rather than an industry, and now it has become an important medium for the development of the metaverse, because the operation of the metaverse system requires the carrying of virtual identities and virtual assets, and virtual identities and virtual digital assets are meta The underlying core of the operation of the universe, clear property rights can stimulate creation. Only by solving the basic problems of identity and assets can the world of Metaverse operate efficiently, and blockchain technology can better solve the problems of virtual assets and virtual identities security.
WebX Lab: What are the advantages of Polkadot or the cross-chain network in the development of NFT and Metaverse? Why did you choose BSC as the position for the ecological development of the Metaverse?
Erl:
I think the bigger advantage is increased liquidity. Choosing BSC is only a preliminary choice for us. After all, many mainstream Metaverse platforms now support a large number of BSCs, so we will definitely develop other ecosystems besides this. , is committed to shuttling among various metaverse platforms, which is also in line with the cross-chain convenience of the Polkadot ecology.
WebX Lab: After introducing the development route of NFT and Metaverse, what changes have taken place in the original token scenario and economic model? What is the change in focus?
Erl:
The introduction of NFT and the exploration of the metaverse have greatly enriched the original token scene, but it does not have much impact on our economic model.
On this basis, our key change is that we present the boring underlying code in a more visually stimulating way, so that more users can quickly join the ecosystem.
WebX Labs: We know that the most important thing in ecological development is innovation. How does TrustBase plan to attract developers and innovators in the metaverse ecology in the future?
Erl:
Since it is a language-based infrastructure project, everyone who knows TrustBase knows that 50% of our token distribution is mined output, so the economic model to be released will be completely designed around mining + Defi ecology, and will be in the new NFT's staking, economic contribution and other related benefits are added to the economic model to enrich TrustBase's economic model originally based on Polkadot and broaden the ecological dimension.
And for this entire ecological model, we will realize organic interaction in the metaverse ecology, increase developers, creators, artists and other roles to play their own strengths in the ecology, and obtain corresponding rewards
WebX Labs: Can you share any recent news about TrustBase?
Erl:
Of course, first of all, our metaverse exploration, the main battlefield will be in DCL, and we will build an exclusive Trustbase pavilion. At that time, users can have more in-depth interactions with the project party in the pavilion, such as: NFT collection, mascot and Peripheral wear and so on.
The optimization of the economic model is our current main focus. In order to achieve more ecology and organic linkage with the Metaverse in the future, there is a high probability that we will realize dual-chain operations or even multi-chain operations in the later stage. The mining plan is also being formulated, and I hope everyone will look forward to it.
The following are the questions and answers of the free question session:
Q: For the protection of asset security, what measures does Trustbase take?
Err: Because we are the underlying infrastructure, we will place security-related technologies in the language pack, and all projects will have their own security mechanisms. We expect to add more security protection at the protocol layer. It is safe and sound to protect every item issued based on the Subscript language.
Q: In the future, will we focus on this track or have other layout plans? What opportunities do retail individual investors have for us to participate?
Err: We pay attention to many tracks, and we don’t focus on the breakthrough of a certain track. We focus on the ecological development of Polkadot. The core of our recent layout planning is to increase the core value of TBE tokens. For our later development Its essence is to attract more developers to use the Subscript language and form a parallel development relationship with the economic model. For retail investors, first of all, holding coins will enjoy the benefits of the metaverse in the later stage, and all commercial applications based on Subscript, including the later dividends of mining ecology and DeFi ecology, these can be brought together to early participants, so, in the end The initial and core token TBE is beneficial to everyone.
Q: Compared with other projects, what are the advantages of our Metaverse project? Will there be game links in the later stage?
Err: At present, Trustbase does not have a metaverse project. We are still in the exploration stage of the metaverse. As for future plans, we will make plans according to the development rhythm of the market. At present, there is no specific plan in this regard, but for sure Yes, GameFi will be considered as an important direction. As for whether to put it in DeFi or Dapp, it is still unknown.
Q: What do you think is the most likely function of TBE to become the core competitiveness in the future? Where do you see the future of this project heading? Or which field do you prefer?
Err: The core competitiveness of Trustbase is our underlying technology, and the key word in this aspect is scalability. For the benefits of developers, there will be more ways to realize and participate. The future development of Trustbase will be multi-threaded, and the specific development direction is also under multi-threaded exploration. Personally, I prefer to choose the metaverse field, because the metaverse can be presented in a visual and more convenient way. Of course, this is just my personal preference, and Trustbase will have a more comprehensive consideration.
Q: In terms of development, will Trustbase consider migrating to other chains? Or support more public chains?
Er Er: This is what Trustbase has always considered, because multi-chain development can better reflect our value landing. The current hot spots are Metaverse and NFT, and more fresh elements will emerge in the future. Therefore, multi-chain development must be our future direction of development.
Q: How to optimize Trustbase in the ecology, and how to improve its own ecological construction?
Erer: It is more reflected in the optimization of the language package, including functional modules, protocol layers, digital interfaces, Dapp interfaces, etc. Such optimization is mainly for developers to better develop protocols and write back-ends quickly by front-end Participate in the ecological construction. Specifically, we will synchronize the language pack optimization process on our own Github. You can pay attention. In order to better serve and encourage developers, we have jointly established Grant with Heco to help developers in their initial development transition.
