Synopsis: Multiverse is a new company designed to bring both focus and value to the Universe Protocol. Additionally, it was started to facilitate and help trail blaze new business models using WEB3 protocols.
In the midst of conversations with Venture Capitalists, Multiverse had the idea of asking the DAO to allocate governance funds to a company’s portfolio. It became apparent that we were going to need to lead by example in order to show businesses that if they were operating in WEB3 it is to their benefit to have governance tokens on their balance sheets. In the long run, our vision is that these organizations are the largest holders of protocol governance tokens in order to act as an integral funnel through which people will use these functions.
Currently, the only real examples of companies built on WEB3 protocols are Coinbase and Gemini, with Binance following close behind. They can be seen simply as methods of exchange but Multiverse would argue that they are merely the first application companies to be built on top of decentralized protocols primarily because they are fiat bridges. They are now starting to branch out and offer other services through their systems. For Multiverse, we see this as just the beginning of businesses truly building on top of WEB3 protocols.
Projects currently being built under Multiverse that do or will leverage the Universe Protocol
dGuild: A Patreon like system for artists that will plug into Universe Protocol long term. We are working on a novel way of launching NFT projects that would be connected to an artists bonding curve and it will be minted through the Universe Protocol. Expect this in V.2 of the platform.
Worm Hole: A decentralized NFT streaming platform that will use the XYZ token. The current iteration of this system will run through Live.Peer and we will be minting clips through the Universe Protocol.
NFT Display: This is a display hardware and software app that will connect to your Universe Protocol user profile and display your chosen NFTs on a monitor or television with very little work.
Multimedia Mining Infrastructure: We are expanding our mining/transcoding/render hardware operation and it will be a crucial part of the operation.
The governance tokens will not be sold and only used for voting on the protocol. The voting will be controlled by the Class A equity holders of the company, Tim Kang, Tyler Ward, and Troy Murray.
Recent Media: https://medium.com/universe-xyz/introducing-multiverse-aa4d2748117