1. Introduction
Last updated
Last updated
1.1. Summary:
Blockchain technology has made significant strides in its development and widespread adoption in recent years, and there is no sign of it slowing down.
While the WEB3.0 era has arrived, blockchain technology will become the infrastructure for all internet projects and innovations. In the meantime, the parallelism of multiple public chains has already been the consensus of the industry, which is embodied in two aspects:
On the one hand, the limitations of TPS and the high cost of GAS consumption greatly increase the use threshold. Benefiting from the spillover effect of Ethereum's congestion, a large number of outstanding new generation public chains such as Avalanche, Solana, Terra, Polygon, etc. have sprung up. Focusing on the core goals of improving transaction performance and reducing transaction costs, they have innovated the technology and consensus protocol of blockchain to varying degrees.
On the other hand, the rise of concepts such as Defi 2.0, GameFi, NFT, Metaverse, put forward higher requirements for the scenario’s capability of blockchain. This is not only reflected in the basic technical aspects of performance improvement and transaction cost reduction, but also aspects such as multi-signature technology, cross-chain, contract-VM two-way interaction. All of these have promoted the explosion and prosperity of the multi-chains with unique genes and their ecological applications on chains.
"Even in the era of cryptocurrency, the growth of blockchain users is exponential". According to Deloitte's 2021 Global blockchain development survey, almost seventy-six (76%) of executives surveyed said they expect digital assets will be a solid alternative to fiat currencies for global finance in the next five (5) to ten (10) years. With the in-depth development and acceleration of emerging concepts such as NFT and Metaverse, no doubt, "The world will be taken over by DAO".
The core goal of MetaPath is to establish the underlying infrastructure for the interconnection and interoperability of assets for blockchain ecological platforms such as Metaverse and GameFi. MetaPath registers and discovers assets on the chain, monitors asset status and transaction behavior in real-time, establishes a dynamic routing table in the blockchain world, and bridges safe and efficient platforms/contracts through algorithmic splitting and step-by-step routing of transactions on the chain. After completing the transaction, applications that comply with theMetaPath protocol can greatly reduce the difficulty of the transaction, shorten the user's transaction path, reduce transaction costs and improve security as much as possible.
1.2. Mission:
Our mission is to connect the Metaverse ecosystems for a more accessible and efficient world. MetaPath blockchain asset smart routing protocol will integrate any tokenized asset (cryptocurrencies, NFTs, Gamefi, and Metaverse gears and items), forming a metaverse cloud while realizing blockchain data interconnectivity through a messaging protocol.
With the MetaPath smart contract routing protocol, MetaPath protocol can be integrated into the smart contract of cryptocurrencies, NFTs, Gamefi/Metaverse gears/items, and other tokenized assets through creating positioning and routing functions. Assets will be automatically included on the MetaPath chain, forming a Metaverse Cloud, an interconnected blockchain asset network that is open, transparent, and traceable.
To be specific, from the application layer, MetaPath Protocol will enable smart contracts to communicate with each other, regardless of whether they are on the same blockchain. From the infrastructure layer, smart contracts on different blockchains are linked with the Metaverse Cloud through MetaPath Routing Protocol. The infrastructure layer components include MetaPath Routing Protocol implemented on smart contracts, the message tree (Merkle Tree) to ensure the security of the messaging mechanism, off-chain components for coordination and matching, and the MetaPath Chain that carries the above data structures and smart contracts.
1.3. Features
Link and route the Metaverse: NFT, Gamefi & all blockchain assets:
One Protocol to all tokenized assets.
Liquidity Routing:
Routing all liquidities in the market, enabling users to get the lowest rate.
Decentralized:
All transactions are transparent and traceable.
Anyone can access it without permission or KYC review.
Best Rates:
Automatically finds the best rate for you.
Desktop, Mobile, Dapp, Widget & API:
Multi-platform user interface that adapts to users’ needs.
Security:
MetaPath Protocol will not be affected by the exploits of any provider.
Web 3.0