0xkevin
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Openverse Network: Reconstructing Value Flow from the Protocol Layer
Crypto has always had a native problem: too many public chains lead to asset dispersion. Hundreds of public chains are not interconnected, and protocol standards are fragmented.
Numerous cross-chain bridges have been built, and many protocols have been stacked up, but there has never been a default channel formed between chains. The transmission across assets and protocols still feels like taking a detour.
@OpenverseGlobal was initiated in such a predicament, focusing on an underlying protocol network aimed at asset circulation, allowing assets to flow between chains and between chains and the traditional internet in a standardized way.
@OpenverseGlobal has completed $11 million in funding, including investments from institutions such as Castrum Capital, DuckDAO, TB Ventures, Asva Capital, etc. Recently, it is expected to have a TGE, with strong project capabilities likely to attract top-tier exchanges.
Currently, the project is in the testnet phase, codenamed Openverse Odyssey. This testnet is divided into Alpha version (OOA) and Beta version (OOB), and there will be airdrops. The Alpha version will go live first, including basic tasks to help users understand Openverse.
🔗: https://t.co/5EjLy7t7Sf
➤ Social Tasks
Task Description: Most are routine social tasks, very simple.
➤ Wallet and Identity Creation
Task Description: Download the open wallet and bind it.
➤ BTG Claim and Staking
Task Description: Claim BTG test tokens and stake them.
➤ Swap, Add Liquidity
Task Description: Conduct cross-chain swaps with stablecoins and exchange with BTG.
➤ Daily Check-in
Daily check-ins can earn 5 points.
➤ DC: https://t.co/koZxIYl1nI
This post will draw 5 lucky verse identities, which have airdrop expectations. Prerequisite: Winning users must reach community activity level Lv5 to unlock their rights.
Introducing the project features:
The economic model of Openverse is its most noteworthy aspect. It does not rely on a bunch of tokens to support its concept but instead designs the asset system in layers according to the logic of traditional financial systems.
The lowest layer is BitGold, the main asset, which serves as the basis for collateral like its name suggests, being akin to yellow gold.
The role of BitGold is threefold:
1) To pay gas and network resource fees;
2) To serve as collateral for mainnet verification nodes;
3) To act as the 'original value anchor' for the entire asset system, used to generate other assets.
Starting from BitGold, four major asset structures are derived:
1⃣ BitCurrency: 'Fiat Currency Structure' on the chain
It is a 'stablecoin' obtained by collateralizing BitGold, which can correspond to multiple currency-pegged assets such as USD, EUR, JPY, etc. This structure does not rely on central institutions for minting but is generated based on on-chain logic and collateral. BitCurrency is more like 'credit currency generated through on-chain rules,' relying on the value anchor of BitGold rather than real central banks.
2⃣ BitSecurity: 'Securities Structure' on the chain
This is the standard path for enterprises and institutions to issue assets. Banks, publicly listed companies, and DAOs can issue securities-type assets through the collateralization of BitGold. This includes stocks, bonds, and currency securities. This is not about speculating on new concepts but about constructing the foundational entry point for 'on-chain capital markets.'
3⃣ PrivCurrency: Closed Enterprise Currency
This type of asset resembles points, intra-company currency, or membership tokens, circulating only in specific private domains or products. Issued and circulated autonomously by individuals or organizations. It cannot circulate across the entire network but has clear usage boundaries. It is suitable for building membership systems, e-commerce closed loops, or corporate point platforms.
4⃣ General Token and NFT: Asset expression compatible with Ethereum
Openverse also has its own VC20 and 721 protocols, corresponding to ERC20 and ERC721, respectively. Used to construct various ordinary tokens, governance tokens, digital certificates, and on-chain physical mappings.
Team Introduction:
CTO Florin Avramoaica has led protocol structure design in multiple DePIN and Web3 infrastructure projects, focusing on hard architecture. In Openverse, he leads communication protocols, security strategies, and inter-chain operational rules.
Strategic Leader Paula Brukaite is a typical Web3 native growth talent, having led fundraising and NFT sales for large projects during bear markets, with solid market advancement experience. She leads commercial landing and partnership connections.
CMO David Dobrovitsky, with a background in marketing and financing, was the former CEO of FUNToken and Glitter Finance, involved in financing and GTM (Go-To-Market) advancement. He focuses on brand building, user growth, and financing strategy.
In conclusion, Openverse's path does not enter from the application layer but rather rebuilds a structure from the bottom of the protocol stack—enabling the four core elements of assets, accounts, information, and certificates to circulate between chains and systems.
It is not creating 'another chain' but filling in the layer that this industry has long lacked: the value channel.
This issue will rely on time and mainnet verification, but the testnet has already provided the first round of answers.
Crypto has always had a native problem: too many public chains lead to asset dispersion. Hundreds of public chains are not interconnected, and protocol standards are fragmented.
Numerous cross-chain bridges have been built, and many protocols have been stacked up, but there has never been a default channel formed between chains. The transmission across assets and protocols still feels like taking a detour.
@OpenverseGlobal was initiated in such a predicament, focusing on an underlying protocol network aimed at asset circulation, allowing assets to flow between chains and between chains and the traditional internet in a standardized way.
@OpenverseGlobal has completed $11 million in funding, including investments from institutions such as Castrum Capital, DuckDAO, TB Ventures, Asva Capital, etc. Recently, it is expected to have a TGE, with strong project capabilities likely to attract top-tier exchanges.
Currently, the project is in the testnet phase, codenamed Openverse Odyssey. This testnet is divided into Alpha version (OOA) and Beta version (OOB), and there will be airdrops. The Alpha version will go live first, including basic tasks to help users understand Openverse.
🔗: https://t.co/5EjLy7t7Sf
➤ Social Tasks
Task Description: Most are routine social tasks, very simple.
➤ Wallet and Identity Creation
Task Description: Download the open wallet and bind it.
➤ BTG Claim and Staking
Task Description: Claim BTG test tokens and stake them.
➤ Swap, Add Liquidity
Task Description: Conduct cross-chain swaps with stablecoins and exchange with BTG.
➤ Daily Check-in
Daily check-ins can earn 5 points.
➤ DC: https://t.co/koZxIYl1nI
This post will draw 5 lucky verse identities, which have airdrop expectations. Prerequisite: Winning users must reach community activity level Lv5 to unlock their rights.
Introducing the project features:
The economic model of Openverse is its most noteworthy aspect. It does not rely on a bunch of tokens to support its concept but instead designs the asset system in layers according to the logic of traditional financial systems.
The lowest layer is BitGold, the main asset, which serves as the basis for collateral like its name suggests, being akin to yellow gold.
The role of BitGold is threefold:
1) To pay gas and network resource fees;
2) To serve as collateral for mainnet verification nodes;
3) To act as the 'original value anchor' for the entire asset system, used to generate other assets.
Starting from BitGold, four major asset structures are derived:
1⃣ BitCurrency: 'Fiat Currency Structure' on the chain
It is a 'stablecoin' obtained by collateralizing BitGold, which can correspond to multiple currency-pegged assets such as USD, EUR, JPY, etc. This structure does not rely on central institutions for minting but is generated based on on-chain logic and collateral. BitCurrency is more like 'credit currency generated through on-chain rules,' relying on the value anchor of BitGold rather than real central banks.
2⃣ BitSecurity: 'Securities Structure' on the chain
This is the standard path for enterprises and institutions to issue assets. Banks, publicly listed companies, and DAOs can issue securities-type assets through the collateralization of BitGold. This includes stocks, bonds, and currency securities. This is not about speculating on new concepts but about constructing the foundational entry point for 'on-chain capital markets.'
3⃣ PrivCurrency: Closed Enterprise Currency
This type of asset resembles points, intra-company currency, or membership tokens, circulating only in specific private domains or products. Issued and circulated autonomously by individuals or organizations. It cannot circulate across the entire network but has clear usage boundaries. It is suitable for building membership systems, e-commerce closed loops, or corporate point platforms.
4⃣ General Token and NFT: Asset expression compatible with Ethereum
Openverse also has its own VC20 and 721 protocols, corresponding to ERC20 and ERC721, respectively. Used to construct various ordinary tokens, governance tokens, digital certificates, and on-chain physical mappings.
Team Introduction:
CTO Florin Avramoaica has led protocol structure design in multiple DePIN and Web3 infrastructure projects, focusing on hard architecture. In Openverse, he leads communication protocols, security strategies, and inter-chain operational rules.
Strategic Leader Paula Brukaite is a typical Web3 native growth talent, having led fundraising and NFT sales for large projects during bear markets, with solid market advancement experience. She leads commercial landing and partnership connections.
CMO David Dobrovitsky, with a background in marketing and financing, was the former CEO of FUNToken and Glitter Finance, involved in financing and GTM (Go-To-Market) advancement. He focuses on brand building, user growth, and financing strategy.
In conclusion, Openverse's path does not enter from the application layer but rather rebuilds a structure from the bottom of the protocol stack—enabling the four core elements of assets, accounts, information, and certificates to circulate between chains and systems.
It is not creating 'another chain' but filling in the layer that this industry has long lacked: the value channel.
This issue will rely on time and mainnet verification, but the testnet has already provided the first round of answers.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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