Shaping the Future of GameFi and Digital Economy – String Metaverse

Can you give our TechiExpert readers an overview of String Metaverse and its mission in the virtual world?

At String Metaverse, our mission is to revolutionize the virtual world by developing gaming platforms for a global audience of 7 billion people, including 3 billion gamers. We invest in Web 3.0 community technology platforms and protocols, which provide liquidity and market-making services for community-based digital assets such as meme tokens, real assets (RWA) and blockchain protocols. Our goal is to integrate finance, gaming and the metaverse to create a comprehensive and engaging ecosystem that empowers users and fosters innovation.

What inspired the founding of String Metaverse and how has the company evolved since then?

The inspiration behind String Metaverse stemmed from the transformative power of blockchain technology. Unlike Web 2.0, which is dominated by large corporations such as Microsoft, Facebook and Google, blockchain brings commerce to the Internet, allowing people to own their assets without intermediaries and enabling 24/7 global transactions. This democratized financial system inspired us to build a platform powered by public blockchains (Web 3.0), where communities can create their own digital assets and reap financial benefits. Since its inception, String Metaverse has evolved from a simple play-to-earn platform to a pioneering Web 3.0 startup, integrating finance, gaming and metaverse technologies.

Can you describe some of the key games offered by the company and how they cater to different age groups?

String Metaverse began with play-to-earn games like IdleMine, where players earn digital assets for their idle time. Our upcoming String Arcade will launch retro games from the 80s and 90s, such as Bomberman, Pac-Man and Space Invaders, alongside modern games such as Flappy Bird and Fruit Ninja, all on public blockchains. These games are designed for people of all ages to play for free and earn digital assets based on their digital time and attention. In addition, String aims to integrate various human activities, such as walking, reading and leisure, into our Web 3.0 game platforms, so that users can earn digital assets through everyday activities.

How does String Metaverse integrate finance into its gaming and Metaverse platforms?

String Metaverse seamlessly integrates financial elements into its gaming and metaverse platforms, providing users with a comprehensive and rewarding experience. Here’s how:

– Play-to-earn mechanism: Games like IdleMine allow players to earn digital assets or tokens by participating in gameplay, converting idle time into passive income. These earnings can be used in-game, traded or converted to other currencies.

– Decentralized Finance (DeFi) tools: Secure in-game wallets let users store, manage and transfer earnings, integrated with DeFi tools for easy transactions and investments. Staking and yield farming options generate additional income by locking up tokens.

– Blockchain Transparency: All transactions are recorded on the blockchain, ensuring transparency and security. Smart contracts automate financial processes such as reward distribution, ensuring fairness and efficiency without intermediaries.

– Monetization opportunities: Games monetize through digital advertising and sponsorships, providing revenue streams for both the platform and users. Gaming competitions with entry fees offer significant rewards, creating a competitive environment with financial incentives.

– Fantasy prediction platforms: IdlePrice allows users to predict token prices in a pool-based system, earn shares of the pot for successful predictions, add financial strategy and risk management to the gaming experience.

– Community-driven financial growth: Native tokens create an internal economy, and user activities influence token value. Crowdfunding and investments allow users to participate in new games or features, earn rewards or shares in future profits.

What technological innovations have been implemented by String Metaverse to improve user engagement and experience?

String Metaverse is built on the foundation of blockchain and Web 3.0 community building, which offers unique benefits through transparency, accessibility and user control:

– Blockchain technology: Ensures secure, transparent transactions, giving users full control over their funds. Smart contracts automate processes efficiently and fairly without intermediaries.

– Web 3.0 Community Building: Decentralization empowers users by giving them ownership and control over their data and interactions within the platform. Cross-border gaming allows users to participate in games from anywhere in the world, fostering a global community.

– Validator nodes: Improved performance by validator nodes on various blockchains such as Ethereum, Solana, BSC and Base, ensuring faster transactions and seamless interactions.

These innovations help create and capture the digital attention economy, building a secure, transparent and empowering ecosystem for all community members, thereby enhancing user engagement and experience on the String Metaverse platform.

Can you elaborate on the role of AI and machine learning in the development and operation of the games and platforms?

AI and large language models (LLMs) play a crucial role in the development and operation of our games and platforms, powered by GPUs that require significant computing power. One solution for AI scalability is the decentralized public infrastructure network (DPIN) powered by public blockchains. We develop DPIN protocols to monetize gaming and eSports communities worldwide, connecting and leveraging community mobile edge computing, bandwidth and GPUs for AI and LLM tasks. By creating a community of 1 million users on the blockchain, we aim to exceed the capacity of any data center on earth, using idle resources for AI tasks.

How has the demand for integrated finance and gaming platforms developed in recent years?

In recent years, the demand for integrated finance and gaming platforms has increased. The global gaming market reached $159.3 billion in 2020, with an annual growth rate of 9.3%. The play-to-earn model has become popular and has attracted millions of users seeking financial benefits from games. For example, Axie Infinity has seen its user base grow to over 2 million daily active users by 2021. Additionally, the DeFi market has exploded, with the total value locked (TVL) in DeFi protocols reaching over $100 billion in 2023. This convergence of gaming and finance has led to increased user engagement and new revenue streams.

What are the future plans for product development and innovation within the segment?

String Metaverse integrates validation nodes across blockchains such as Ethereum, Solana, Base, Avax and Binance Smart Chain for liquidity provision, market making services and high frequency trading. We aim to establish a DePin (Decentralized Physical Infrastructure Network) community of 1 million users. This network will allow users to monetize digital assets by selling idle resources such as GPUs and storage space, creating a network larger than any conventional data center in the world.

Can you share any personal insights with our TechiExpert readers that highlight the impact of String Metaverse on virtual and economic experiences of users?

String Metaverse transforms virtual and economic experiences by empowering users to earn their digital time and attention. Our play-to-earn games, like IdleMine, allow users to earn real value through their gameplay, creating new revenue streams and financial opportunities. By integrating various human activities into our Web 3.0 gaming platforms, we enable users to earn digital assets through everyday actions, fostering a sustainable and engaging ecosystem. Through our innovative approach and commitment to community building, we are shaping the future of the digital economy and providing our users with unparalleled opportunities for financial growth and empowerment.