Executive Summary

The metaverse is the next major technological frontier and a functional successor to today’s 2D Internet, with virtual places instead of web pages.

As per a recent Precedence Research report, the market for the metaverse was worth $40 billion and will touch an estimated 1,607.12 billion USD by 2030.

This whitepaper lays out the framework, philosophical underpinnings, technical foundations, and economic mechanisms to build a decentralized metaverse platform with a thriving digital economy powered by a number of technological advancements such as blockchain, cryptocurrencies, and NFTs.

Unlike most of today’s internet platforms and social networks, digiverse shall not be controlled by any centralized organization as there shall be no single entity with the power to modify the rules of the platform, the contents of the digiverse, the economics of its currency, or prevent others from accessing it.