Xeta Reality (XETA) is a platform that uses blockchain technology to develop gaming and NFT applications. The goal of the platform is to develop unique solutions applicable in the metaverse and use the same in real life. Metaverse is a term used to define a digital universe created with the help of virtual reality. XETA is the coin offering of the platform, which operates on a lightweight and modular blockchain.
To elaborate, a blockless ledger is used to validate XETA nodes and transactions. Nodes are individual servers or computers connected to the network. So, instead of adding multiple transactions to one block, each transaction is added as one single block.
Furthermore, as mentioned in the whitepaper, the platform uses proof of audit as a consensus mechanism. Proof of audit (PoA) is a blockchain consensus mechanism designed to enhance the privacy and security of blockchains. The transactions are powered on the platform by XETA tokens. The platform aims to use the XETA tokens for maintaining the network of nodes. XETA tokens, as per the website, allow the creators to register the NFTs and other assets.
With the use of XETA tokens, the platform aims to bring several users onboard and develop innovative applications on the metaverse in the future. The whitepaper further elaborates that the platform aims to see advancement in metaverse and NFT adoptions at interface levels.