Bitcoin, as the beginning of everything, has successfully defined a new paradigm of value storage since the genesis block, becoming the true digital gold and achieving growth from zero to $100,000. Bitcoin, as a peer-to-peer cash system, has also changed the paradigm of value transfer to some extent, allowing value to be transferred from one location to any other location in the world peer-to-peer.
But the wheels of time will not stop. In value transfer, we can see that Bitcoin still faces bottlenecks such as slow speed, high fees, and poor interoperability. However, if we approach this from the perspective of mass adoption, we find that although Ethereum has improved efficiency through smart contracts and scaling solutions, emerging public chains like Solana have made progress in speed and scalability, and cross-chain protocols like Cosmos and Polkadot have also made significant strides in breaking down silos, the entire industry still has not achieved a breakthrough change.
The transfer of assets across different chains is still quite complex; different chains and even different L2s represent different value systems. Imagine if value transfer on-chain were as simple as sending an email; what would this industry look like?
To connect different value systems, what we need is not a bridge but a foundation, a global Web 3.0 infrastructure:
Openverse: The L0 of all value
In the era of the metaverse, the previously centralized internet paradigm (Web 2.0) will slowly evolve into a new decentralized internet, where user-created digital assets will be clearly controlled by users. However, current metaverse and NFT projects are mostly closed; users can enjoy decentralized freedom within the ecosystem defined by different project parties, but if they want to migrate assets outside the ecosystem, they still face the dilemmas of the Web 2.0 era. Therefore, we need a global Web 3.0 infrastructure that acts as the L0 for all value, connecting different blockchains and extending the dream of peer-to-peer cash transmission of Bitcoin to all values that can be carried on peer-to-peer transmission on the blockchain.
Why build foundational infrastructure?
Openverse innovatively proposes the concept of 'fully open protocol cross-chain' aimed at connecting the assets of underlying blockchains. Why position as such a foundational infrastructure?
Currently, there are few projects truly positioned as Layer 0 in the market:
Avalanche (AVAX) partially involves the concept of Layer 0 in its design but mainly focuses on single-chain performance optimization, failing to reach the underlying logic of value transfer paradigm. Even so, its price soared from $3 in 2020 to a peak of $146, averaging a 48-fold increase. Polkadot (DOT) attempts to connect multiple blockchain networks through its relay chain and parallel chain design, but the countless new chains established greatly disperse liquidity, making it difficult to transfer on-chain value. Yet DOT's price rose from $2.9 when it launched in 2020 to a peak of $55, averaging over a 19-fold increase. Cosmos (ATOM) proposed the Inter-Blockchain Communication Protocol (IBC), becoming an important player in the cross-chain field, but has never considered value transfer solutions from the perspective of foundational infrastructure. ATOM's price rose from about $2 at its launch in 2019 to a peak of $44, averaging a 22-fold increase.
Referring to the positioning and market capitalization of the above projects, we find that Openverse's positioning is more unique, being a thorough underlying infrastructure that will solve core issues of performance, interoperability, and value transfer. By providing standardized protocols (Openverse innovatively proposes a protocol system such as 'Bitcoin Currency VRC10 Protocol', 'Private Currency VRC110 Protocol', and 'Custodial Gold Pledge Minting Currency Mechanism PCIM'), reducing development costs, and simplifying asset transfers, our structure is open, and free access is our underlying logic. Only a truly Web 3.0 landscape can achieve a center for value exchange and a hub for exchange.
The industrial framework of Openverse is as follows:
Before anyone has truly addressed the core issues of value transfer, Openverse's ecological impact potential is enormous. The 50-fold increase of AVAX that reflects some Layer 0 design is just the first step; a hundred-fold increase will be our starting point, and the ecological potential of underlying infrastructure is limitless.
What does the change in the value transfer paradigm mean?
A protocol-based cross-chain solution that is not a cross-chain bridge means a completely new category of protocols and a huge scale of decentralized value exchange market that has never existed in the market. In this new underlying market, value will be freely decentralized and exchanged. We have built a foundational protocol based on value transfer for the following major categories of assets:
1. Pancake: Ordinary Tokens VRC20/721: Existing smart contract tokens and NFTs can easily be integrated into Openverse's underlying network to support consumption scenarios and virtual asset trading within the metaverse.
2. Foreign exchange market: Bitcoin Currency VRC10: Supports decentralized global foreign exchange trading, completely breaking down the barriers of traditional foreign exchange markets, enabling seamless, instant, and low-cost value transfer between currencies.
3. USDTs: Private Currency VRC11: Supports the creation of exclusive stablecoins for enterprises, organizations, and even individuals. These private currencies can not only achieve asset isolation but also circulate flexibly in different ecosystems, meeting diverse business needs.
4. Stock market: Bitcoin Securities VRC12: Allows securities firms and financial institutions to issue stocks and securities by collateralizing BitGold, supporting the on-chain mapping and trading of real assets, injecting decentralized transparency into the capital market.
5. Decentralized exchanges: OpenSwap: Openverse's built-in decentralized trading protocol supports decentralized exchanges of various asset forms from tokens to private domain currencies, from stocks to Bitcoin currency. Users can quickly complete on-chain transactions without third-party intermediaries.
A foundational infrastructure based on value transfer does not target all of the above markets but instead focuses on more segmented demands: as long as there is a need for cross-chain value transfer or the transfer of real assets on-chain, we will serve that market share. As the era of the metaverse approaches, this demand will grow alongside the Openverse ecosystem. Within the underlying blueprint, Bitgold, as the global asset main coin, can be produced through collateralization into Bitcoin-backed currency, monetary securities, universal tokens, spatiotemporal tokens, and other secondary assets within the network, just like the gold standard of a new era. Bitgold will be a witness to the changes of the times.
The future of Openverse, an opportunity for paradigm shift
Openverse is reshaping the rules of the global economy in unprecedented ways. It not only extends the dream of Bitcoin but also provides a clearer value transfer paradigm at the foundation of the value internet blueprint. Through an innovative layered asset structure and a fully covered protocol ecosystem, Openverse offers a fair, efficient, and secure decentralized value transfer model for individuals and businesses around the world.
In the future, Openverse will not only be a value hub of blockchain networks but also a bridge connecting the metaverse, traditional economy, and the new ecology of Web 3.0. We will witness explosive growth in areas such as DeFi, NFTs, GameFi, and tokenization of real assets (RWA) within the Openverse ecosystem. Whether it is globalization of economic cooperation or redefinition of personal wealth, Openverse will leverage decentralized power to drive deeper connections between more people and technology.
In Openverse, Bitgold will witness everything at the foundational level. This is the digital gold of a new era, belonging to the era of interconnected value. Staking Bitgold is not just embracing a technological revolution but participating in a narrative about wealth freedom and global economic fairness. In this future, every Bitgold represents a voting right towards the future; progress in foreign exchange, currency, stocks, or any segmented market will bring a hundred-fold growth to Bitgold. This is the vast realm of foundational infrastructure! 'Everyone should own and stake some Bitgold; it is the passport of the era of value interconnection and our insurance against not missing the new era!'
