What is Getaverse and How does it Work?

The digital landscape is constantly evolving, with interactions becoming increasingly decentralized. Traditionally, identities are confirmed through physical forms such as ID cards and driver’s licenses. But with the advent of Web3, a broader trust-based digital ecosystem is transforming the concept of identity, bringing forth a new era where decentralization reigns supreme.

In this context, the innovation spotlight is on Getaverse, a DID (Decentralized Identity) credit protocol. It’s a revolutionary project aiming to redefine the conventional norms around digital identities. Getaverse envisions setting a new benchmark in managing user DID identities and credit, consequently empowering individuals with the ownership of their identity value and digital content rights.

This ambitious platform is built and deployed on several public blockchains. It leverages the robust capabilities of Web3 to create a metaverse eco-service platform founded on the Web3 digital authentication engine protocol. Upon registration, users receive a DID identity, serving as their key to digital autonomy and decentralized transactions.

The DID identity lets users set up their own credit system and do various things, like owning assets, staking mining, and voting on governance. These actions help them raise their overall credit score, strengthening their position in the Getaverse ecosystem. Through its open API interface, the platform can also support new Web3 projects. This makes it possible for a wide range of applications, such as DEX, NFT, Defi, Gamefi, and Socialfi.

Getaverse is more than just a product. It embodies a visionary mission to build a true decentralized society, also known as DeSo. This vision drives Getaverse’s commitment to fostering an environment that upholds the ownership of digital content, accentuates the true value of users, and nurtures a thriving, innovative, Web3-enabled metaverse.

In the following sections, we will go into more detail about Getaverse’s main ideas and how it works on a technical level. These include a detailed look at the history of the metaverse, the ownership rights of digital content, the role of DID in Web3, and the creation of the Soulbound Token (SBT). Getaverse will also discuss the challenges of putting these ideas into practice and how it plans to get around them to start a new era of decentralized society in the metaverse.

History of Getaverse, Origins and Key People

Getaverse, a metaverse ecology service platform, was conceived to address the challenges of the traditional Web2 world and to foster the growth of the Web3 world. The founders of Getaverse sought to establish a decentralized identity network and credit system that would stimulate ideological innovation and serve as a conduit between these two digital universes.

The Genesis of Getaverse

Getaverse was inspired by the growing talk about Decentralized Identity (DID), a system that gives users full ownership, management, and control over their digital identity and data. This fully decentralized identity management model, which was built on blockchain technology, was a possible solution to the Web2 world’s data monopoly and security problems.

In the Web2 world, users are often required to share their data to avail themselves of the services of Web2 entities. This data, encompassing preferences, browsing data, and other private information, is centrally stored on the server. Despite assurances of stringent privacy protection, data sharing, and breaches are not rare, leading to significant privacy concerns.

One example is the Cambridge Analytica scandal, in which the information of 50 million Facebook users was taken and used to try to change the outcome of the 2016 U.S. presidential election. This situation, along with the fact that Twitter, YouTube, Apple, and Paypal have also broken people’s privacy in similar ways, shows how important it is to have a more secure and private digital identity system. Getaverse was made to solve these problems by giving each user their own separate identity. Users are in charge of their digital identities and can choose when, to whom, and how they share certain parts of their identities. This method not only improves security and privacy, but also makes it easier to move from the centralized way of thinking of Web2 to the decentralized way of thinking of Web3.

The Goals of Getaverse

Getaverse aspires to construct a blockchain credit system based on multiple public chains. After users register with Getaverse, they receive a DID identity to build their own credit system and participate in ecological application, construction, and governance. Users can enhance their credit score on the chain by participating in activities, holding assets, engaging in staking mining, voting on governance, etc. They can also access innovative Web3 projects through Getaverse’s open API interface.

In the Web3 world, a credit and identity system still lacks. Getaverse seeks to fill this void by providing a way to monetize and contractualize personal data, information, and assets. It aims to link the value of users to the entire ecology of Web3 applications, connecting all aspects of users’ data journey in different projects, with different people, social networks, companies, and organizations.

Getaverse has developed a credit system based on the Soulbound Tokens (SBT). This system generates a credit score for each user based on several behaviors such as the user’s interaction preferences, their asset liquidity, the total value and hours of digital assets held, the number and value of airdrop bounties received, and the frequency and depth of the user’s participation in the Getaverse ecosystem.

The Future of Getaverse

As Getaverse continues to evolve, it is expected to guide users in the Web2 world to gradually shift their centralized thinking and ideology to Web3. At the same time, Getaverse aims to serve as the foundation for the development of the Web3 world and profoundly revolutionize the Web2 world.

The vision of Getaverse is to become the largest trusted traffic platform based on the DID credit system in the Web3 world, enabling the implementation of all innovative Web3 products. As the digital identity-based credit system, DID, becomes more critical in the virtual world, Getaverse is poised to play a significant role in developing Web3 and the Metaverse.

How does GETA work?

GETA, the native token of the Getaverse platform, is the “lifeblood” of the ecosystem. It plays an important part in governance, incentivization, and the general operation of the platform.

The Getaverse platform’s decentralized governance is executed with the help of the GETA token. Users who wish to become governors in the Getaverse and thus be able to initiate proposals are required to stake GETA. If a proposal is accepted, the initiator may be eligible to receive GETA from other initiators whose proposals were not accepted.

The Getaverse Data Control System uses GETA. Zero-knowledge proof lets users share answers with the community while protecting their privacy. Web3 developers can now identify users without having all their information. A developer can use the Getaverse data control system API to verify a Twitter user’s address to see if they have 5 ETH. This is possible because Twitter does not require users to disclose their addresses.

The Getaverse Credit Score System is another important aspect where GETA plays a significant role. This sophisticated credit scoring system is based on a user’s social account information and multi-linked address information. A user’s Getaverse Score, in turn, reflects their personal trustworthiness - the higher the score, the more reliable the user. The Getaverse Credit System “rates” participants by collecting various forms of data

Regarding tokenomics, the total supply of Getaverse tokens is limited to 5 billion and will be allocated in several years according to the Trusted Verifier Node production mechanism. The allocation has been planned to incentivize the Trusted Verifier to keep Getaverse more accessible and sustainable.

The GETA allocation is as follows:

• Seed Round: 5%,
• Institutional Phase: 10%,
• IDO: 1.5%,
• Team: 10%,
• Ecosystem Contributors: 10.5%,
• DAO Foundation: 8%,
• Trusted Verifier Node: 55%

In summary, GETA is not just a token, but a key component of the Getaverse ecosystem, driving its governance, data control system, credit score system, and tokenomics.

Main Features of Getaverse

Getaverse is a comprehensive platform that offers a multitude of features designed to enhance the user experience in the Web3 world. Here are some of the key features:

Soulbound Tokens (SBT)

On-chain identity is maintained with the help of SBT. It does this by creating distinct and understandable user profiles based on the behavior of user addresses on-chain across multiple public chains. These profiles can be anything from “Bored Ape Holder” to “Uniswap Super Trader.” Even “OpenSea Artists” is a possibility. By limiting the voting rights of addresses that are highly correlated with one another, SBT is also helpful in preventing witch attacks in DAOs.

Getaverse has both decentralized and centralized identities. Decentralized nodes can verify people, which gives the Getaverse ID system centralized identities. These personal reputation tags are based on how users interact with projects on-chain, and Getaverse would certify them based on Proof of xxx (work, activity, skill, etc.). This gives users a sense of honor and helps projects get a more accurate picture of the user.

Getaverse Event Proofs

Getaverse lets Web3 developers customize NFTs for event proofs based on on-chain behavior or off-chain events (like presence proofs). It goes over the whole process, from making an NFT to the rules for distributing it, etc. For example, Web3 developers need to upload whitelist addresses, upload NFT images, and set mint times differently for event attendance NFTs.

Getaverse DID

To combine on-chain and off-chain user data, Getaverse DID uses SBTs, which are centrally located on-chain identity tags, and Getaverse event proofs. People on Web3 can use Getaverse ID as a new kind of resume. People can use it to connect what they do on-chain to off-chain.

Getaverse DID works with key management that is truly decentralized. In the traditional cryptocurrency system, if an asset is lost along with its private key, it is gone for good. Getaverse DID with SBT, on the other hand, allows for collaborative recovery. Users can choose a group of guardians who can be individuals, institutions, or other groups. Most of them need to be able to trust you for your recovery to go well.

Getaverse Data Control System

Getaverse’s data control system uses zero-knowledge proof to let users share certain answers with the community without giving out personal information. Web3 developers no longer need to know everything about a user when they do an authorization to find out who they are. As said, if a Web3 developer wants to know if a Twitter user has 5 ETH, the user does not need to include their address in their Twitter profile. Alternatively, the Getaverse data control system API can be used to verify the user’s address directly.

Getaverse Credit Score System

A sophisticated credit scoring system utilizes information from a user’s linked social accounts and addresses. In turn, a user’s Getaverse Score indicates their level of trustworthiness. The higher the score, the greater the user’s credibility. Participants are “rated” by the Getaverse Credit System, which accomplishes this by collecting various data types. In the interim, they have developed a hidden credit impact weighting algorithm with key factors such as the user’s interaction preference for participation, the liquidity of the user’s digital assets, the total value and total length of digital assets held by users, the number and value of airdrop bounties obtained by users, and the frequency and depth of user participation in Getaverse ecological interactions.

A Web3 Application Platform

Getaverse has an open API interface so that all kinds of new applications on Web3 can help build and run the Getaverse ecology. Some of these projects are DEX, NFT, DEFI, Gamefi, Metaverse, etc. Users on Web3 talk to each other and work together to meet their own needs. During these exchanges, they use blockchain technology to generate, propagate, and transfer value. The Web3 ecology consists of all the different ways in which users can share value with one another and interact with one another.

Getaverse Ecosystem Value

Five Roles in Getaverse

Getaverse is designed to be a collaborative open data network accessible to all developers. It identifies five key roles that ensure the proper functioning of the entire protocol.

Data Provider

Data providers, or curators, contribute to the datasets in the Getaverse network. They can purchase the revenue rights of a dataset using tokens, and if a curator purchases revenue rights for a popular dataset in advance, their future revenue will be higher. Curators can provide data through multiple data sources, including on-chain tags and on-chain event proofs, as well as off-chain tags and off-chain event proofs.

Data Consumer

Those interested in querying a dataset are known as data consumers or API users. They will pay the curator query fees to query the curator’s dataset when accessed through the indexer. Because of this, the process of developing protocols is simplified and sped up.

Trusted Verifier Node

The Trusted Verifier Node is the Getaverse node that is responsible for operations. To avoid incurring additional fees, developers, and teams that want to use the Getaverse network data through the API will be required to pay tokens. The remaining fees will be collected by the data query nodes and DAOs, and the majority of the funds will be distributed to the curators.

DAO Governor

Users can stake GETA to get the vote of Getaverse proposals at the Trusted Verifier Node. DAO Governors have the right to propose & vote on the proposal in Getaverse.

Committee Event Node

Data verification and storage will be handled by trusted verification nodes for off-chain tags and event proofs. Off-chain tags and proofs will be handled by trusted verification nodes.

User Data Value Confirmation

Getaverse encourages the development of a collaborative consensus among all Web 3.0 application products to facilitate the flow of value across multiple products and even multiple ecologies. It protects user accounts by utilizing DID, enabling users to safely manage and utilize the private data associated with their accounts. In addition to this, it provides interoperable value by removing barriers for users to access any and all Web 3.0 applications hosted on Getaverse. In addition, the value of the credit is affected by any and all interactions that take place anywhere in the Getaverse, including on other platforms. Users with a significant credit value may be eligible for additional rights and benefits.

Empower Project Ecologies

Getaverse enables projects to engage in targeted marketing to users who are a good fit for their user positioning by providing user data and accurate user targeting. Additionally, it assists in the acceleration of liquidity building by making it possible for projects to borrow the NFT trading market, DeFi, Dex, and other application ecologies on Getaverse to rapidly achieve liquidity building.

Getaverse’s Systematic Advantages

Getaverse aims to be the Web3 application with the largest ecology, providing simple, comprehensive, recordable, and valuable data services. It offers a unified DID platform based on Soulbound Tokens (SBT), an open DID and API for linking all Web3 application ecosystems, an open application platform empowering Web3 users and innovative projects, and a Verifiable Claim Specification.

Trusted Verifier Nodes

Trusted Verifier Nodes ensure the proper functioning of the Getaverse network. They have a specific operation mechanism, production, consumption, suspension, and payment system. The nodes will produce 1.35 billion tokens in the first year, distributed using a predetermined system. This will bring the total number of tokens produced by the nodes to 1.35 billion. The production mechanism of the Getaverse Node is reduced by one-half every year beginning in the second year of operation and continuing until it is no longer operational. When a node operates, it uses resources shared across the network. If the user does not pay the node fee within twenty-four hours, the user’s ability to generate new blocks will be disabled. Users can enter the required network cost of the node into the node account in advance, allowing the system to deduct the cost automatically.

From the second year:

Is GETA a Good Investment?

Determining whether GETA is a suitable investment for you depends on your individual situation and tolerance for risk. Cryptocurrencies are known for being high-risk assets, and it is recommended that you conduct your own research and assess the amount of risk you are comfortable with before investing. It is essential to only invest money that you can afford to lose.

How can you own GETA?

Going through a centralized cryptocurrency exchange is one approach to acquiring GETA. The first step is to create a Gate.io account and complete the KYC process. Once you have deposited money into your account, follow the instructions to purchase GETA on the spot or futures market.

News on Getaverse

Getaverse IDO Launch

Getaverse announced the launch of its Initial DEX Offering (IDO) on the platform. This marked a significant milestone in the project’s development, allowing the public to purchase Getaverse tokens and participate in the ecosystem.

Getaverse Multichain SBT Campaign

Getaverse initiated a multichain SBT (Soulbound Tokens) campaign. This campaign encouraged user participation and engagement within the Getaverse ecosystem across multiple blockchain networks.

Getaverse Joins Hands with Optimism to Empower Web3.0 Ecosystem

Getaverse partnered with Optimism, a layer 2 scaling solution for Ethereum. This collaboration aimed to enhance the Web3 ecosystem by providing faster and cheaper transactions for Getaverse users.

Getaverse Joins Hands with Polygon to Empower Web3.0 Ecosystem

Getaverse partnered with Polygon, a well-known Ethereum scaling and infrastructure development platform. This partnership aimed to further empower the Web3 ecosystem and provide users with a seamless and efficient experience.

Getaverse Joins Hands with Avalanche to Empower Web3.0 Ecosystem

Getaverse collaborated with Avalanche, a highly scalable, open-source platform for launching decentralized applications. This partnership aimed to strengthen the Web3 ecosystem and provide users with a more robust and efficient platform.

Getaverse Joins Hands with Binance Smart Chain to Empower Web3.0 Ecosystem

Getaverse partnered with Binance Smart Chain (BSC), a blockchain platform for running smart contract-based applications. This collaboration aimed to enhance the Web3 ecosystem and provide users with a more efficient and cost-effective platform.

Getaverse Joins Hands with HECO to Empower Web3.0 Ecosystem

Getaverse announced a partnership with Huobi Eco Chain (HECO), a decentralized, high-efficiency, and energy-saving public chain. This collaboration aimed to further empower the Web3 ecosystem and provide users with a more efficient and seamless experience.

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