Metaverse - interview with Eric Gu



Eric Gu
Founder and CEO at Metaverse Foundation
https://mvs.org/
Kind: captionsLanguage: en
00:00:01
nice meeting you, hi my name is Eric Gu
00:00:10
well I'm the founder of METAVERSE but before I got in
00:00:17
actually I got into the crypto spacekind of early in 2013
00:00:21
yeah so the moment I understand whatbitcoin is I was like okay I want to be
00:00:28
all in not only financially so I thoughtall my stocks and bought Bitcoin and
00:00:33
I decided to quit my job at and justjump by myself change my career into
00:00:38
you know funding a company called ViewFinso Metaverse is a project it's
00:00:44
a public blockchain so it's a infrastructurelayer blockchain so many of the decentralized
00:00:51
application can build on top of Metaverse yeah what Metaverse provides is
00:00:57
the lower level of support so we providenetwork security we provide network
00:01:02
consensus which is very important forblockchain and we provide tokenization
00:01:07
so people so applications can issuetokens on top of Metaverse and the
00:01:14
fourth thing very important is thedigital identity meaning your customer
00:01:19
of your clients of your decentralizedapplication could register a blocked an ID
00:01:26
so for any application that wants to build upon Metaverse you have security
00:01:32
consensus tokenization and identityso thats the whole packages so in this FinWise
00:01:43
show ground we have six orseven different projects that are actually
00:01:49
built upon Metaverse so that makes me very happy
00:01:54
yeah like say Parcel X and you haveit's a global parcel system so they use
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Metaverse as their lower level public blockchain to utilize our digital identity systems
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andtokenized their project on top of
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Metaverse and also LeBlock it's a gamingyeah it's very nicely yeah it's very
00:02:21
good right they already have like sixtythousand users so I'm like so happy
00:02:24
because their users are our users rightso imagine how many public blockchain has
00:02:30
sixty thousand users already, Neo? Quantum? Ehter? ok, so I'm very happy oh like o LuxChain as well it's a
00:02:41
secondary a luxury brand project that'son top of Metaverse as well so whatever
00:02:49
and more and more to comewe just signed a big deal
00:02:54
with Taiwan company it's gonna be hugewe're gonna announce that very soon yes
00:03:00
it's gonna be hugeso the idea is Metaverse is to B
00:03:05
so to businesses so application can becured on top of Metaverse our slogan is
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blockchain as a service do what you dobest and leave the blockchain part to us
00:03:17
Would you say you have competition?
00:03:21
competition, always a but yes alwayscompetition like Ether Quantum or Neo
00:03:29
but actually no, you know why because the Blockchain space just opened up it's a huge market
00:03:37
why compete why don't we justcollaborate right so what Neo does best
00:03:42
as they called transaction finality sothat's what they do best what we do best
00:03:48
was digital identity and tokenizationso people can choose if they use
00:03:55
this application use more of digital identity or tokenization they should choose us if they need
00:04:00
transaction finality they choose Neo so it's pretty good so it's it's not really a competition to me
00:04:04
it's a largest space Yeah we have our own token, the name is ETP, we call it entrepeet, currently listed on
00:04:20
Bitphenix and BitZ and hit BTC and quite a bit of exchanges so now traded for about 90 cents u.s.
00:04:29
we did ICO like almost two yearsago and 2016 we are pretty early quite
00:04:37
early and we didn't raise much money Ithink it's going pretty good right now
00:04:46
yeah so we are finishing up the digitalidentity part so kind of exciting to us
00:04:54
but later on we're going to slowly move to the decentralized exchange
00:04:58
because after you issue tokenyou register yourself on our net
00:05:05
you have your token on Metaverse the next thing you want to do is exchange them, so Metaverse is a blockchain
00:05:13
so anything on chain you will not be able to do high frequency trading, but for low frequency trading let's say
00:05:20
auctions of course why not right soall the assets can be auctioned and
00:05:26
derivatives as well right so you seeif you know that the traditional finance
00:05:33
market in New York City in UnitedStates like 90% of the trading are
00:05:37
derivative trading not a smart market so Metaverse are slowly moving to
00:05:43
decentralized exchange in the future
00:05:48
That's a question to my CTO
00:05:52
no, actually hopefully by the end of this year sorry
00:05:57
yes thank you thank you my pleasure