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Metaverse (ETP) is a blockchain-based platform that enables configurable crypto assets and digital identities. Metaverse offers a robust infrastructure for social and enterprise needs, providing digital assets, digital identities, and oracles as its foundational elements. The platform operates on the Substrate framework, allowing Metaverse programmers to adapt the core distributed ledger technology (DLT) to their specific platform requirements.

Metaverse aims to promote research and development among its blockchain community members in the medium and long term. The platform intends to drive blockchain adoption by creating developer-friendly technologies and an intuitive interface for non-technical users. Through tools like MetaMask, Remix, and Truffle, users can create smart contracts and apply them to the Metaverse network. Smart contracts run as protocols on the blockchain, enabling users to create and distribute their cryptocurrencies while reducing transaction and implementation costs for DApp developers.

Metaverse uses a dual-consensus process for block creation through the Hyperspace Blockchain, providing low latency and enhanced security. The platform offers Metaverse Identifiable Tokens, a group of token norms that deal with the exchange, ownership, and information about a non-fungible item, enabling anyone to enroll assets from off-chain and have a global-level unique ID.

Metaverse's whitepaper outlines a blockchain initiative that creates a multiverse where digital assets and digital identities serve as the foundation for asset transactions. The platform enables users to become economic intermediaries, oracles, by using avatars and assists in developing an unchangeable decentralized system. Metaverse's token is entropy, referred to as ETP, which can be exchanged and traded on the platform. The token's value is mainly determined by the ecosystem's development and market requirements, and users are expected to pay the platform's fees in ETP tokens.

The Metaverse platform was founded by Hao Chen, Eric Gu, and Youming Jiang in May 2018, and it released its whitepaper outlining its mission to create a solid platform for social and business purposes. The platform's virtual identity avatars are based on Neil Stephenson's science fiction novel Snow Crash, where humans operate their avatars, who then converse with one another in a virtual reality universe.

Metaverse has a maximum total circulation of 100 million, and the platform issued 25 million ETP tokens as part of its initial coin offering (ICO). The platform rewards individuals who help sustain its infrastructure through mining, and 30 million ETP tokens were issued as rewards to miners using the proof-of-work consensus process. The platform features a built-in ETP lock function that compensates depositors on the blockchain, and users must activate the deposit lock mechanism to receive ETP incentives.

In summary, Metaverse (ETP) is a blockchain-based platform that offers a robust infrastructure for social and enterprise needs, providing digital assets, digital identities, and oracles as its foundational elements. The platform operates on the Substrate framework, enabling developers to adapt core DLT to their specific platform requirements. Metaverse aims to promote research and development among its blockchain community members, accelerate blockchain adoption, and provide an intuitive interface for non-technical users. Through the use of smart contracts and Metaverse Identifiable Tokens, the platform offers low-cost transaction and implementation solutions to DApp developers. The ETP token serves as a utility token for the platform's fees and incentivizes users to sustain its infrastructure through mining and ETP lock mechanisms.