Press Release
MetaPay-Open the Era of Meta Payment
Since the birth of mankind, we seem to have never experienced lasting peace and prosperity. We have tried our best to build one civilization after another, but because of lack of trust and coordination, it always disappeared immediately. In the evolution of the universe, humans have walked for millions of years, but even though they have faced countless difficulties together, they still cannot understand each other in the end.
Just when we were about to lose confidence, the emergence of blockchain relighted our hopes. The greatness of decentralized consensus is that code is more reliable than human nature, and “Code is Law” can last the development of civilization. Decentralization allows independent thoughts to shine like stars, and at the same time allows trillions of individuals to reach a commendable consensus on the identification of rules and trends, and enable the collaboration between humans to reach an unprecedented height and breadth.
In the collaboration between many humans, MetaPay shines with the brightest light, guiding us towards eternity.
Why is MetaPay followed by the public?
We know that the existing global payment system relies on the establishment of various centralized governments, central banks and some third-party payment institutions. There seems to be no problem with the existing payment system, it has very fatal flaws.
Firstly, the fully centralized governance system makes the system very easy to be attacked by hackers, and once it is attacked, it will cause catastrophic consequences. Secondly, the high transfer fees and management fees have seriously harmed the interests of users. Thirdly, when it comes to cross-border transfers and payments, the speed and efficiency will be greatly reduced, which is not conducive to the development of commercial trade.
Based on these market pain points, the founding team of MetaPay put forward the idea of meta-financial payment.
Meta Finance, derived from Metaverse, is committed to the construction of virtual and real payment infrastructure,is a safe and efficient Meta financial payment ecosystem based on the Ethereum Layer 2 expansion protocol developed by genius blockchain technology geeks. The main direction is cross-chain payment and ecological construction of virtual assets, including decentralized payment , pledge, liquidity mining, NFT aggregator, etc.
The reason why MetaPay can carry the efficient and complicated payment requirements is because of its strong cryptographic algorithm. It uses the discrete logarithm encryption and elliptic curve encryption which are commonly used in modern public key crypto systems. At the same time, it uses the non-interactive zk-SNARKs zero-knowledge proof system to completely address the issue of transactions being traced to expose user privacy.
MetaPay adopts the Layer 2 technology based on Ethereum, and achieves a flash payment experience comparable to Internet products through expansion of the off-chain channel. In addition to the extremely fast payment experience, there is no handling fee in the off-chain channel, which effectively solves the problems of slow speed and high gas fee of the Ethereum.
It is mainly achieved through the following three aspects:
Two-way payment channel
Two participants create a ledger entry on the blockchain, which requires the two participants to sign any fund expenditures. Both parties create transactions that return ledger entries to their respective allocations, but do not broadcast them to the blockchain. They can update the personal distribution of ledger entries by creating many transaction expenditures from the current ledger entry output. Only the latest version is valid, which is enforced by smart contract scripts that can be analyzed by the blockchain. By broadcasting the latest version to the blockchain, any party can close the entry at any time without any trust or custody.
Lightning Network
By creating a network of two-party ledger entries, you can find a path across the network, similar to routing data packets on the Internet. The nodes on the path are not trusted because the payment is executed through a script that enforces atomicity (the entire payment succeeds or fails) by decrementing the time lock. In order to expand Lightning Network in Layer 2, MetaPay incorporates two basic protocols, RSMC (Revocable Sequential Maturity Contract) and HTLC (Hash Clocked Contract) in the transaction verification process of the underlying protocol which is to build the Fund pool on Layer 2 and the establishment of payment channels.
The Lightning Network on Layer 2 has many advantages. The first is instant determinism. As long as the signatures of all parties pass the status update, the status will be “confirmed” without waiting for block confirmation on the blockchain; Secondly, The status update is off-chain, and peer-to-peer communication can guarantee privacy. Only the final status will be submitted to the blockchain. Finally, there is a low gas fee. The Lightning Network only needs to settle and clear the fees on the blockchain when the channel is opened and closed. At other times, no matter how the two parties update in the channel, the transaction is free.
Blockchain arbitration mechanism
It is possible to conduct transactions outside the blockchain without restrictions. It is also possible to conduct off-chain transactions with the confidence that it is executable on the blockchain. This is similar to the way one person enters into many legal contracts with others, but there is no arbitration every time a contract is signed. By making transactions and scripts parseable, smart contracts can be executed on the blockchain. Only in the case of non-cooperation, arbitration will be intervened. But for blockchain, the result is certain.
There is no doubt that the technical team of MetaPay understands the pain points of the current market very well. Through the above three points, MetaPay can completely break the congestion of existing Ethereum network transactions and achieve the best transaction speed in the entire network.
The MetaPay system with advantages such as instant payment, high scalability, low cost and cross-chain will help mankind get rid of the shackles of the existing payment system and realize the ultimate dream of payment freedom.
If you think MetaPay’s planning stops at payment, then you are wrong. After completes the payment infrastructure, it will use Meta NFT as the starting point to fully deploy the metaverse ecology.
Let’s first look at the layout of Meta NFT. It aims to build the world’s largest NFT asset and financial derivatives trading platform with the richest ecology and the strongest technical strength.
Therefore, Meta NFT is integrating more than 100 animation IP and 1,000 global artists and collecting more than 5,000 contemporary artworks as a reserve. Users will be free to trade NFT assets including artwork and real estate in Meta NFT.
In addition to NFT asset trading, Meta NFT allows users to mint their custom NFT assets.
Users can directly create NFTs in Meta NFT Layer 2, and the changes in the state of the world in the system are similar to recharging NFTs. Web, Mobile App and API-based user interfaces to the Mint smart contract will be developed to make asset creation and management a simple process. The following parameters define a new custom asset:
Currently, MetaPay has completed the construction of the development team, the internal structure of the functional prototype, and is focusing on the development of the first version of MetaPay. Although the development work is still in progress, MetaPay has completed the internal angel round of fundraising and is in the process of private sales. At present, it has received preliminary investment intentions from global leading institutions such as CMS, AU21, DFG, NGC, Rarestone, LinkPad, etc.
As of press time, the MetaPay team is still intensively developing. It is believed that users will be able to directly use MetaPay and NFT asset trading shortly. We are very much to see it soon.
If you want to know lates news about MetaPay, please check following links:
MetaPay Twitter:https://twitter.com/Metapay1/
MetaPay Telegram:https://t.me/metapaygroup
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Gamerge Officially Launches: Revolutionizing Play-to-Earn Gaming in the Web3 Era!
Gamerge, an innovative Play-to-Earn (P2E) GameFi platform, proudly announces it’s official launch on December 15th 2024. This cutting-edge platform is designed to revolutionize the gaming industry by merging entertainment with real-time cryptocurrency earnings, offering a transparent and user-focused ecosystem in the Web3 era.
Gamerge introduces a platform that puts players first, enabling them to earn real crypto rewards through immersive and competitive gameplay. By offering a transparent and trusted environment, Gamerge empowers users to monetize their gaming skills in exciting new ways. Players can participate in Versus matches and Tournaments to unlock higher reward potential while enjoying a seamless and engaging experience.
At the heart of the platform lies the Gamerge Token (GMG), supported by a unique 100% token-burning mechanism. This deflationary model ensures long-term value for token holders, setting Gamerge apart in the rapidly growing GameFi space. In a move to enhance accessibility, Gamerge is also available as a mini app on Telegram under the name @Gamerge_bot. This integration makes it incredibly simple for players to access the platform and start earning on the go, expanding its reach to Telegram’s global user base.
Gamerge leverages advanced blockchain technology to support multi-chain functionality and allow earnings in multiple cryptocurrencies. This flexibility ensures inclusivity and accessibility for gamers across diverse ecosystems, making it easier than ever to participate in Web3 gaming.
Community engagement is a cornerstone of Gamerge’s mission. The platform features an innovative Refer & Earn program, which rewards users for introducing new players to the ecosystem. This initiative fosters loyalty and growth within the Gamerge community, ensuring an interconnected and vibrant player base.
Gamerge is making a significant impact by collaborating with leading giants in the gaming and crypto industries, paving the way for exclusive opportunities and rewards for its users. These strategic partnerships highlight Gamerge’s commitment to innovation and its position as a trailblazer in the GameFi domain.
Explore the next generation of gaming and start earning real crypto today. Visit http://gamerge.ai/ to learn more.
About Gamerge
Gamerge is a user-centric Play-to-Earn GameFi platform designed to create a transparent and trusted gaming ecosystem. With unique tokenomics, multi-chain support, and a focus on community engagement, Gamerge is redefining the gaming landscape in the Web3 space.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
2024 International Short Video Competition Breaks New Ground in Global Audio-Visual Communication
The 2024 International Short Video Competition has successfully concluded its call for submissions. As of November 30, a total of 4,452 works were submitted, with creators from 60% of the countries and regions worldwide. The total exposure of related topics across the internet has surpassed 1.5 billion views.
This year’s competition featured a series of promotional activities reaching international campuses across the globe, with efforts expanding into markets in Asia, Europe, North America, and other regions. These activities have greatly enhanced the international exchange and cooperation in the film and television industry, significantly boosting global audio-visual influence. Notable progress was made in international communication and overseas promotion, with three key achievements standing out:
Firstly, a diversified international communication channel has been established. By inviting individual creators, bilingual bloggers, domestic and international audiovisual production and broadcasting institutions, film and media schools, as well as renowned influencers and talent agencies from around the world, the competition has attracted creative talents from various fields and levels. This includes significant participation from overseas universities, international students, and others, effectively capturing the attention and influence of the youth demographic. As a result, a large number of works with diverse formats and topics have been collected.
Secondly, a comprehensive cultural exchange platform has been established. Relying on international campus promotional activities, the competition has provided overseas students and foreign youth with opportunities to gain a deeper understanding of both Chinese and foreign cultures and international exchanges, thus sparking their creative inspiration. During the promotional events at KyungHee University, Rangsit University, and the University of Barcelona, students expressed strong interest in the overseas competition themes. Many of them stated that they would create works in creative formats such as Vlogs, animations, and documentaries. This promotional opportunity has also ensured the quality of the competition submissions.
Thirdly, an efficient overseas communication model has been expanded. By fully leveraging the experience gained from organizing the competition, the influence of various platforms has been activated. Through showcasing stories of Sino-foreign friendship, cultural differences, and win-win cooperation opportunities, as well as the concept of a shared human destiny from a Z perspective, the competition has established a distinctive international audio-visual brand image using abundant overseas resources. Prior to the promotional events, the release of information about the overseas competition attracted the attention of international creators and subscribers, creating a favorable atmosphere for offline promotional activities. From “cloud” to reality, the progressive promotion of Sino-foreign audio-visual works’ international communication has facilitated cultural exchange through enjoyable audio-visual experiences.
The international campuses have brought together students from different countries and regions, inspiring each other through their creative work and fostering a deeper understanding and respect for different cultures. By participating in and promoting the competition, students are able to further develop their short video creation skills, cross-cultural communication abilities, and awareness of international communication. With the perspective and creativity of international students, the competition has unearthed a batch of short video works that are more in tune with international audiences and easier to understand and accept. These works effectively showcase the charm of Sino-foreign cultures and the achievements of social development, enhancing the competition’s international appeal and influence.
In addition to reaching universities in South Korea, Thailand, Spain, and Russia, the international youth exchange roadshow is still ongoing. Although the submission phase has ended, the journey of Sino-foreign cultural exchange continues. With innovative communication formats and strengthened cultural identity, the 2024 International Short Video Competition is still on the way!
Media Contact
Company Name: Shandong Running Shell Culture Media Co., Ltd.
Contact Person: Sun Ke
State: Shandong Province
Country: China
Website: https://isvc2024.e.cn.vc/Registration
Email: sunke@gufumedia.com
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Marcella Named America’s 7th Fastest-Growing Fashion Brand By The 2024 Inc. 5000
Ranking On The List For The Third Straight Year, Marcella Ranks No. 577, Overall, Among The U.S.’ Fastest-Growing Private Companies.
NEW YORK, NEW YORK, United States, 27th Dec 2024, – Marcella, a mission-driven, ethical and sustainable designer fashion brand, has been ranked as the 7th fastest-growing fashion brand in the U.S. on the recently announced 2024 Inc. 5000 list, the most prestigious data-driven ranking of America’s fastest-growing private companies. Achieving 780% growth from 2020 to 2023 with minimal outside investor capital, Marcella also ranked on the list as America’s 44th fastest-growing consumer products company and as America’s 577th fastest-growing company, overall. Moreover, Marcella ranked as the fastest-growing retailer in New England (where it is headquartered) for the past three years.
Founded by husband-and-wife duo Siyana and Andy Huszar, Marcella’s “minimalism with an edge” clothing, shoes and accessories are designed in New York and handcrafted in Europe. Core to the brand’s DNA is a commitment to advancing women and girls across the brand’s every aspect (design, production approach, sustainability, and social impact).
“Being ranked as America’s 7th fastest-growing fashion company is a testament to our incredible team and the uncompromising passion we bring daily to revolutionizing fashion for the benefit of women and girls globally,” said Siyana Huszar, Co-founder and Chief Creative Officer of Marcella.
Marcella takes a holistic approach to sustainability that not only drives its mission but its profitability. The brand’s innovative “just-in-time” production model minimizes the global fashion industry’s typical inventory waste, enabling Marcella to sell over 90% of what it makes at or near full price and dramatically reducing the company’s ecological footprint. This efficiency results in exceptional capital savings and enables Marcella to be ethical, sustainable and socially impactful in its approach. Its original, designer essentials have a superior price-to-quality ratio. Every individual involved in the production of any Marcella piece enjoys a truly living wage, generous benefits and free health care. And, for every order Marcella sells, the company supports three days of school for a marginalized girl around the world in partnership with CAMFED, the celebrated global NGO revolutionizing how girls’ education is delivered.
“To think that Marcella has been able to profitably achieve such ongoing growth while mainly bootstrapping is humbling,” added Andy Huszar, Co-founder and CEO of Marcella. “We’re honoured to be recognized by the Inc. 5000 for the third straight year and excited to continue delivering ethical, sustainable and socially impactful fashion within reach.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. “Congratulations to this year’s honorees for growing their businesses fast despite the economic disruption we all faced over the past three years,” commented Mike Hofman, Inc. editor-in-chief.
About Marcella
Marcella is a mission-driven, omnichannel women’s fashion brand offering designer essentials within reach. NYC designed and European handcrafted from locally sourced fabrics and trims, Marcella fashions itself as ethical, sustainable and socially impactful, where every major facet of the company’s operation benefits one central mission: advancing women and girls globally. At the heart of this approach is a partnership with CAMFED, the celebrated global NGO revolutionizing how girls’ education is delivered. Since 2021, Marcella has supported over 910,000 school days for needy girls.
Contact: andy@marcellanyc.com
Website: www.marcellanyc.com
Instagram: www.instagram.com/marcellanyc
More about the Inc. 5000
Based on financial data analysis, the 2024 Inc. 5000 ranked companies according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
Media Contact
Organization: Marcella
Contact
Person: Andy Huszar
Website:
https://www.marcellanyc.com/
Email:
andy@marcellanyc.com
Contact Number: 16468605689
City: NEW YORK
State: NEW YORK
Country:United States
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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