MetaVisa is a blockchain platform that aims to provide global e-commerce solutions. To date, they have raised over $1 million in seed funding and another $5 million during the private round of their token sale. They also announced partnerships with Visa on July 29th 2018, so MetaVisa could potentially be integrated into traditional online shopping portals if necessary.

Dutch cryptocurrency investors have raised $5 million in seed and private round funding for MetaVisa. The company aims to create a global decentralized payment system that is free from any central authority, such as banks or governments. Read more in detail here: dutch crypto investors.

MetaVisa Announces $5 Million Of Fundraising In Seed And Private Round

1st December 2021, Hong Kong, China Chainwire

Spark Digital Capital, Sora Ventures, Amplio Capital, HG Ventures, GTA Ventures, Seeded Ventures, Dutch Crypto Investors, Maven Capital, Black Mamba Ventures, Tensor Investment Corporation, and Collinstar Capital have invested $5 million in MetaVisa, a layer-3 middleware protocol built on Ethereum dedicated to developing decentralized identity and building a credit system in the Metaverse.

Through our credit system, which we call the MetaVisa Protocol Credit Score, MetaVisa Protocol enables users generate and display credible on-chain identification and credit records and makes it simpler for DeFi, NFT, GameFi, DAO, and other DApps to better serve their customers by analyzing blockchain data (MCS).

MetaVisa Protocol collects and analyzes all blockchain item transactions across many networks, creates relationships between them, and then utilizes this information to objectively and openly assess an individual’s credit score.

The Value of DID and the Credit System

Users need a permanent, self-owned identity with the rise of the Metaverse and the move to Web3.0. DIDs are identifiers that allow for the creation of a verifiable, decentralized digital identity based on the self-sovereign identity paradigm. DID and credit systems are also essential to achieving Web 3.0 and Metaverse goals.

A full information system is required to support data analysis and review, in addition to collecting, retrieving, and organizing metadata for on-chain identification.

Finding the correct data model and suitable credit management criteria are significant problems. Whether or whether decentralized identities can be mainstreamed will be determined by our ability to overcome these difficulties.

Background information about the identity, objective credit assessment, information data security protection, on-chain access to credit information sources, and the credit system’s diverse data needs are all critical to the fulfillment of Web3.0 and the Metaverse.

MCS and the MetaVisa Protocol

MetaVisa Protocol processes and evaluates data in various dimensions such as credit history, on-chain behavior preferences, address activity level, asset holdings & portfolio, and address correlation using blockchain data, cloud computing, machine learning technologies, and model algorithms such as logic regression, decision trees, and random forests.

In the form of an NFT, the MCS system will give users with badges of honor that will display their MCS for everyone to see. Users with higher MCSs will be awarded with high-ranking badges and will have additional rights while using DApp services.

Other digital assets, such as NFT, are given credit ratings by MetaVisa. The amount of times NFTs have been auctioned on MetaVisa Protocol or other reputable platforms is used to calculate credit ratings. Because NFT’s pricing is often set in an incorrect way, depending on the emotions and subjective preferences of the customer, their score will not be affected by its price.

Total assets, transaction history, loan ratios, circulating assets, and trustworthiness of having assets will all be taken into consideration when calculating credit ratings for a wallet address.

NFT Claim by MetaVisa – MetaVisa Hero

MetaVisa has just released its first NFT series, MetaVisa Hero, which includes 10 distinct characters: Archer, Barbarian, Berserker, Druggist, Knight, Master, Ninja, Priest, Rogue, and Warrior.

An endless algorithm is used to create MetaVisa Hero. Combining a scalable vector graphics (SVG) picture + address information (wallet number data) + minting timestamp = a string of source codes that can be used to build SVG files is the only method to get an exclusive NFT. The code is BASE64 encoded and bundled with extra coding material, such as address number information and collecting time. BASE64 encoding is used to record it on the blockchain. Anyone may extract the chain’s original coding information, decode it, and construct a vector diagram with a clear route.

To put it another way, MetaVisa NFT reveals who owns the thing and when it was created with a time tag, giving the picture significance and putting the item’s history into perspective.

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