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 one hundred thousand dollars. Bitcoin, as a peer-to-peer cash system, has also changed the paradigm of value transmission to some extent, allowing value to be transferred from one location to any point in the world in a peer-to-peer manner.
But the wheels of the era will not stop. In terms of value transmission, 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 while Ethereum has improved efficiency through smart contracts and scaling solutions, and emerging public chains like Solana have made progress in speed and scalability, cross-chain protocols like Cosmos and Polkadot have also taken important steps in breaking isolation. Still, the entire industry has not achieved breakthrough changes.
The transfer of assets across different chains is still quite complex; different chains and even different L2s represent different value systems. Imagine if the transmission of on-chain value were as simple as sending an email; what would this industry look like?
To bridge different value systems, what we need is not a bridge but a foundational layer, a global Web3 infrastructure:
Openverse: The L0 of all values
In the era of the metaverse, the previous centralized internet paradigm (Web2) will slowly evolve into a new decentralized internet, where user-created digital assets will be clearly controlled by users. However, the current metaverse and NFTs are mostly closed systems. Users can enjoy decentralized freedom within the ecosystems defined by different project parties, but if they want to migrate assets outside of those ecosystems, they still face the dilemmas of the Web2 era. Therefore, we need a global Web3 infrastructure to serve as the foundational layer for all values, as the L0 of all values, to interconnect different blockchains and extend the dream of peer-to-peer cash transmission of Bitcoin to all values that can be carried on a peer-to-peer blockchain!
Why build foundational infrastructure?
Openverse innovatively proposes the concept of 'fully open protocol cross-chain,' aiming to connect the assets of underlying blockchains. Why position it as such a foundational infrastructure?
Currently, there are very few projects on the market that are truly positioned as Layer 0:
Avalanche (AVAX) partially involves the concept of Layer 0 in its design but mainly focuses on single-chain performance optimization, not reaching the foundational logic of value transmission paradigms. Even so, its price skyrocketed from $3 in 2020 to a peak of $146, with an average increase of 48 times. Polkadot (DOT) attempts to connect multiple blockchain networks through the design of relay chains and parallel chains, but the establishment of countless new chains has largely dispersed liquidity, making it difficult for on-chain value to be transmitted. DOT rose from $2.9 when it was launched in 2020 to a peak of $55, with an average increase of over 19 times. Cosmos (ATOM) proposed the Inter-Blockchain Communication Protocol (IBC), becoming an important player in the cross-chain track, but it has never thought about solutions for value transmission from the perspective of foundational infrastructure. ATOM increased from about $2 when it was launched in 2019 to a peak of $44, with an average increase of about 22 times.
Referring to the positioning and market value of the above projects, we find that Openverse's positioning is more unique as a thorough foundational infrastructure that will solve the core issues of performance, interoperability, and value transmission. By providing standardized protocols (Openverse innovatively proposes the 'Bitcoin VRC10 protocol,' 'Private Currency VRC110 protocol,' and 'Custodian Gold Staking Minting Currency Mechanism PCIM,' among others), lowering development costs, and simplifying asset transfers, our structure is open, and free access is our foundational logic. Only a truly Web3 landscape can achieve the exchange center for value and the exchange hub.
The industrial framework of Openverse is as follows:
At a time when no one has truly addressed the core issues of value transmission, Openverse has enormous ecological influence potential. The 50-fold increase in AVAX, which partially replicates the Layer 0 design concept, is just the first step; a hundredfold increase will be our starting point, and the ecological potential of foundational infrastructure is limitless.
What does the change in the value transmission paradigm mean?
A non-cross-chain bridge protocol-type cross-chain solution signifies a brand new category of protocols and a huge scale of decentralized value exchange market that has never been seen in the market. In the new foundational market, value will be freely exchanged in a decentralized manner. We have developed foundational protocols based on value transmission for the following major categories of assets:
Pancake: Ordinary Tokens VRC20/721: Existing smart contract tokens and NFTs can easily connect to the underlying network of Openverse, supporting consumption scenarios and virtual asset trading within the metaverse.
Foreign Exchange Market: Bitcoin VRC10: Supports decentralized global foreign exchange trading, completely breaking the barriers of the traditional foreign exchange market, allowing for seamless value transmission between currencies instantly and at low cost.
USDTs: Private Currency VRC11: Supports the creation of exclusive stablecoins for enterprises, organizations, and even individuals. These private currencies not only achieve asset isolation but can also circulate flexibly across different ecosystems to meet diverse business needs.
Stock Market: Bitcoin Securities VRC12: Allows securities firms and financial institutions to issue stocks and securities through the collateralization of BitGold, supporting the on-chain mapping and trading of real assets and injecting decentralized transparency into the capital market.
Decentralized Exchange: OpenSwap: The built-in decentralized trading protocol of Openverse supports decentralized exchanges of various asset forms from tokens to private currencies and from stocks to Bitcoin. Users can quickly complete on-chain transactions without third-party intermediaries.
The foundational infrastructure based on value transmission does not target all the markets mentioned above but rather more segmented needs: as long as there are needs for cross-chain value transmission or the transmission of real assets on-chain, we will serve those market shares. As the era of the metaverse arrives, this demand will grow alongside the Openverse ecosystem. At the foundational layer of the above blueprint, Bitgold, as the global asset main coin, can produce any secondary assets in this network through collateralization, such as fiat currencies, currency securities, universal tokens, and space-time tokens, just like the gold standard of the new era bank. Bitgold will be a witness to the changes of the times.
The future of Openverse, an opportunity for paradigm shift
Openverse is reshaping global economic rules in unprecedented ways. It not only extends the dream of Bitcoin but also provides a clearer value transmission paradigm at the base of the value internet blueprint. Through an innovative layered asset structure and a fully covered protocol ecosystem, Openverse offers individuals and enterprises around the world a fair, efficient, and secure decentralized value transmission model.
In the future, Openverse will not only be the value hub of blockchain networks but also a bridge connecting the metaverse, traditional economy, and the new Web3 ecosystem. We will witness explosive growth in areas such as DeFi, NFT, GameFi, and real asset tokenization (RWA) within the Openverse ecosystem. Whether it is global economic collaboration or the redefinition of personal wealth, Openverse will leverage decentralized power to promote deeper connections between more people and technology.
In Openverse, Bitgold will witness everything at the foundational level; this is the digital gold of the new era, belonging to the age of value interconnection. Staking Bitgold is not just embracing a technological revolution but also participating in a narrative about wealth freedom and global economic fairness. In this future, every Bitgold represents a vote towards the future; advances in foreign exchange, currency, stocks, or any sub-market will bring hundredfold growth to Bitgold. This is the vast landscape of foundational infrastructure! 'Everyone should own and stake some Bitgold; this is the passport to the age of value interconnection and the insurance against stepping into the new era empty-handed!'
