On February 8, the Ethanim metaverse infrastructure launch was held in Tokyo, Japan. Lots of experts from blockchain, Internet games, anime and other industries were invited to attend. At the launch, Ethanim CEO Ansai Takaaki detailed the problems to be solved by Ethanim, business logic and development plan of Ethanim.
He said, “Ethanim is based on the trusted computing technology of blockchain to build metaverse infrastructure. It complements other public chains instead of competing with them. It can help applications achieve 100% decentralization and build a new ecology of metaverse together.”
With the development and accumulation of Internet technology in a generation and the continuous breakthrough of blockchain technology in recent years, a new Internet form metaverse that integrates various digital technologies has emerged and become popular. The industry widely considers that the metaverse is a product of the continuous extension of the digital age, and will be developed into the ultimate form of the Internet.
As the most development potential scenario application in the metaverse, blockchain game has become a popular industry where many public chains are eagerly piling into, including Solona, Near, Avalanche and Polygon, etc. However, limited by the confirmation mechanism of distributed nodes on the public chain, these platforms can only implement the game digital assets and NFT assets on the chain. It is difficult for them to implement the data storage and logic calculation of large online games on the chain, so it is difficult to solve the decentralization problem of blockchain games at the root. The birth of Ethanim is formally based on this challenge, and through trusted computing and modular technical architecture, it can complement other public chains and implement 100% decentralization of blockchain game projects within its ecosystem.
More Than Assets on the Chain, Break Through Limitations
In the case of GameFi, through the access of digital tokens and NFT, GameFi historically makes it possible for applications to confirm right and transfer value to assets, which is a major breakthrough in Internet applications. In traditional games, players play for free. If they spend money to buy equipment, the equipment can only be used in the game and is difficult to trade. While GameFi has both its own digital tokens and equipment in the way of NFT. The players’ equipment can not only be used in the game but also traded on the platform. As more and more people join in, the token and NFT distributed by the game will appreciate significantly. This “play to earn” makes players become contributors to the game ecology. Playing the game is more like working, investing time and energy, and can continuously earn income.
At present, there are lots of public chain platforms based on blockchain games. It is not a problem to implement the tokens and NFTs on the chain through smart contracts, but they cannot implement complete decentralization. Ethanim is built for large metaverse applications, which adopts a completely different solution from traditional blockchain and breaks through the limitations of traditional blockchain. It not only supports on-chain assets and implements the decentralization of assets, but also successfully implements the complete decentralization of the application itself. Ethanim adopts the self-developed trusted computing technology accumulated for 10 years and combines it with blockchain to change the traditional blockchain implementation path from “seeking consensus among untrusted nodes” to “making nodes trusted and performing computation by them”. It makes large-scale applications be completely decentralized while maintaining high performance.
Make the Applications of Other Public Chain Ecology Completely Decentralized
Since Ethereum and the emerging public chains such as Solana and Avalanche with higher performance have not changed the mechanism of “seeking consensus among untrusted nodes”. They cannot support fully on-chain large-scale applications. Therefore, the conceptual applications of a metaverse in the market now only deploy digital tokens and NFTs in their networks. While the logical computing and data storage are still deployed on centralized servers, which will lead to the so-called decentralized applications are still completely controlled by the centralized organizations or individuals. They can tamper with or even close these applications at will, and users’ digital assets are still at a great security risk. Ethanim and these traditional public chains form a good complementary relationship: metaverse applications can distribute digital assets on traditional public chains, while other parts such as application logic calculation and data storage are decentralized in Ethanim. So that metaverse applications are 100% decentralized and a real metaverse is built.
At the beginning of the Ethanim system, the development, iteration, and governance of the system will be coordinated by the Ethanim Foundation. The Foundation is an independent non-profit entity. As the system governance continues to improve, the Foundation will gradually release its authority to the community, eventually achieving the goal of shared governance by all parties in the community.
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