January 11, 2022 – UMetaWorld has announced the launch of a new metaverse project that looks to build a virtual replica of the real world. The project combines virtual reality (VR), geo-positioning, and 3D modeling to recreate a social metaverse based on the real world.
UMetaWorld aims to provide a replica of every city in the world while also highlighting under-represented locations and attractions. The metaverse looks to preserve and highlight unique cultures by providing access to everyone, regardless of location.
What is UMetaWorld?
UMetaWorld is an ambitious project that seeks to recreate the physical world in virtual space. Users will be able to socialize, work, and explore a virtual version of the real world without physical limitations. The project is currently being built city by city, starting with the city of Monaco.
Unlike other metaverse projects, UMetaWorld’s mission is to preserve and share the many unique experiences and attractions of the real world. Users will be able to visit shops in some of the most renowned cities in the world, place an order, and have it shipped directly to their homes in the real world.
By combining physical and virtual worlds, UMetaWorld looks to introduce a new experience for companies looking to go virtual. The platform helps facilitate online meetings and presentations, making it more personable and engaging. The platform also seeks to provide an entirely new way for consumers to shop and engage with businesses, potentially bringing businesses into the next evolution of the web.
From a social perspective, UMetaWorld operates as a more immersive and connective alternative to today’s social media. The platform allows users to have an emotional experience and connection to the world through a personal avatar. These avatars are based on the user’s physical self and provides the capability to vocally interact with other avatars.
The Umetaverse will also offer the ability to play games, learn and engage, and earn cryptocurrency from a wide variety of activities.
Blockchain integration
UMetaWorld utilizes the blockchain as a building block and infrastructure for the Umetaverse. The platform’s native token $UMW will be launched on Binance Smart Chain (BSC) and then on other chains after. This provides the project with multi-chain functionality, providing more accessibility and usability to users regardless of which blockchain they are on.
The platform will also introduce events such as treasure hunts, quests, and more to encourage interaction and earn $UMW. The $UMW token is the centerpiece of the Umetaverse that powers the entire ecosystem including shops, transactions, companies, and more.
The token will be distributed via an initial bonding curve offering (IBCO) at a disclosed date. This allows the market to set the price for the token. Additionally, the token will be minted based on demand as not to flood the market and dilute holders. The project looks to regulate and manage the supply of $UMW tokens to ensure a stable valuation and consistent demand.
The token also provides holders with voting rights over the future of UMetaWorld. Voting power is based on the amount of time the token is held, rather than just the amount. This adds a seniority aspect to the platform, rewarding dedicated community members for their continued support.
About UMetaWorld
The UMetaWorld project was first started in early 2021 by an Italian entrepreneur founder of UUp Social LLC, a company based in Miami, Florida.
UMetaWorld is governed by a foundation made up of $UMW token holders and elected officials. This is facilitated by a decentralized autonomous organization (DAO) which allows users to vote on proposals including those elected. The platform’s governance encompasses five key branches that control different aspects of the platform and Umetaverse.
The UMetaWorld foundation manages the token economics while the intellectual property belongs to the Miami-based company.
More information can be found on the UMetaWorld website or by joining the project’s Discord or Telegram.