Revmeta Officially Launched On Binance Smart Chain

Revmeta
3 min readJan 13, 2022

INTRODUCTION

Revmeta is Blockchain metaverse. Right now, someone, somewhere, is creating a blockchain solution to drive innovation and disruption of traditional business models. This is occurring in virtually every industry and in most jurisdictions globally. Revmeta running on blockchain technology (Binance Smart Chain), use Non-Fungible Tokens (NFT) and cryptocurrency to build, own, and monetize innovative decentralized assets and to create a metaverse that let you choose your own adventures, educational experiences, and all kinds of business applications.

VISION

Revmeta aims to create a metaverse that let anyone choose their own adventures, educational experiences, and all kinds of business applications.

MISSION

  • Create VR/AR SDK for businesses to onboard more clients to the digital economy
  • Create immersive products and services that reward creators and engage participants who add value to the ecosystem

WHY WE DECIDED TO BUILD ON BINANCE SMART CHAIN

Binance Smart Chain (BSC) is a blockchain protocol from Binance that runs in parallel with Binance Chain. Unlike Binance Chain, however, Binance Smart Chain powers smart contract functionality and boasts compatibility with Ethereum Virtual Machine (EVM).

By being EVM-compatible and connecting with existing Ethereum development tools, decentralized application (DApp) creation on the Binance Smart Chain becomes a walk in the park for an Ethereum DApp developer.

Below are the reasons why we decided to build Revmeta on Binance Smart Chain

  1. Binance Smart Chain is fully EVM (Ethereum Virtual Machine)-compatible and has support for the majority of the tools used by Ethereum developers such as Metamask, Remix, Truffle, Ganache-CLI, and more. For Revmeta, we’re able to leverage this great feature to enable our platform to run on top blockchains network with almost zero effort and giving our users more value
  2. Refer to the fee users pay when they conduct a transaction on a blockchain which incur transaction fees at every step. For this reason, blockchain fees are an important factor to consider before choosing a blockchain protocol. For Revmeta, lower transaction fees will encourage users with very small amounts of money to participate in Revmeta ecosystem.
  3. The consensus mechanism used in Binance Smart Chain is Proof of Staked Authority (PoSA), which combines features from Delegated Proof-of-Stake (DPoS) and Proof-of-Authority (PoA) that can produce a block approximately every 3 seconds, which will greatly improve the speed of every transaction that occur on Revmeta ecosystem.
  4. The Binance ecosystem provides several channels to support startups and projects building on the Binance Smart Chain. For Revmeta, this is a great opportunity to collaborate and develop Revmeta ecosystem

Why Do We Exist

  1. The Rise Of The Digital Economy. As mentioned on our litepapers metaverse will have an independent economy and the global Metaverse revenue opportunity could approach $800 billion in 2024. Revmeta was here because we saw the opportunity.
  2. The Rise Of The Digital Currency And Assets. Analysts estimate that the global cryptocurrency market will hitting a valuation of nearly $5 billion. Revmeta combined blockchain technology, NFTs and cryptocurrency to build its ecosystem.
  3. Metaverse Isn’t Science Fiction. Conversations around the metaverse are gaining popularity. It’s most likely because big tech, including Microsoft and Facebook. Revmeta was here to develop a decentralized metaverse, where everyone can make their dreams reality, choose their own adventures, educational experiences, and all kinds of business applications.

--

--