Hong Kong, China, December 30, 2021, Chainwire
MetaVisa, an indirect Layer 3 protocol, helps users establish and display trusted chain identity and credit records by analyzing data on the chain and facilitates DeFi, NFT, GameFi, DAO, etc., and is dedicated to helping others Metaverse project integrates identity system into these applications , such as Yield Guild Games (YGG).
YGG is a decentralized autonomous organization (DAO) for investing in non-interchangeable tokens (NFT), used in virtual worlds and blockchain-based games, the earnings gaming guild, which brings together players to make money through blockchain-based economies .
MetaVisa records actions on the user’s YGG address chain based on the data on the chain, which is used to create profiles of YGG members. This helps YGG better target its customers and improve the performance of its members, enabling management optimization.
MetaVisa will determine the output capacity of users based on the retention period of NFT game props at the address, for example, those with shorter periods tend to be star players with stronger output capacity. Similarly, stars with a strong output value can be identified based on the output rate of the token. Based on this data, in combination with the MetaVisa model, a system of scientific points can be provided to help YGG better manage its members and build a ladder return structure.
YGG aims to build the largest crypto-economic community. With the help of MetaVisa’s decentralized identity and credit system, YGG could have support for optimizing community assets with maximum utility, distributing profits to token owners. Participants in this DAO are the owners and managers of the entire ecosystem.
YGG is committed to investing and managing NFTs in Metaverse, in part because of their ability to serve as the basis of digital property rights. MetaVisa believes that the scenario of using NFT will be to generate cash flows for GameFi assets that have real utility and monetization potential.
Ownership of digital assets in virtual worlds is an encouraging example that is beginning to redefine “work” and democratize access to high-paying “jobs” in virtual worlds.
These jobs are more and more like games. In a world where capital flows freely across borders and labor does not, capital has greater profit potential. However, rewards for work are higher in virtual worlds, where “jobs” are mobile and barriers to entry are much lower. This is the Play to-earn revolution. In this case, improving the identity on the chain using DAO user rating models or standards will better serve DAO members with a reference rate of scientific result based on chain data analysis.