Meta Spatial is a virtual cryptocurrency universe (metaverse) that seeks to consist of an infinite variety of spaces. The metaverse dimension is created by Meta Spatial, which serves as the pioneer to introduce new technology that embodies humans within a virtual environment and creates a new technology dimension.
According to the whitepaper, Meta Spatial's goal is to create a virtual universe that aims to allow users to create, play, share, and trade freely without centralized control. The users can earn SPAT and GSTA while ensuring safe copyright ownership.
SPAT tokens form the foundation of the Meta Spatial ecosystem and serve as the primary currency of the network. SPAT is a BEP-20 token built using the Binance Smart Chain blockchain, which aims to help with the following purposes:
● When players access the Meta Spatial platform, they can spend SPAT to play the game, transact assets to generate NFTs, or re-transact assets to other players.
● Governance: SPAT participates in governance decisions on the platform.
● The fee model is 5% of all trading amounts, and 50% of that goes to the staking pool, and half goes to the "Foundation" (transaction fee).
Meta Spatial activities generate the GSTA token, which is used to reward the token holders during participation in those activities. GSTA is a BEP-20 token built on the Binance Smart Chain. GSTA's mining is entirely dependent on the game's user base.
Coming to its marketplace, in the market, players transact in-game assets. Meta Spatial seeks to make it possible for creators to own every asset they create by registering the assets as NFTs. One can transact the NFTs on the marketplace to earn profits.
The marketplace offers ASSET items for players to innovate other ASSET NFTs used in Meta Spatial, such as character NFTs, spacecraft NFTs, planet NFTs, and many more. Smart contracts are used to control auctions and item transactions in the marketplace. This open market allows creators to exchange ASSETS in Meta Spatial with each other.
History of Meta Spatial (SPAT)
The Meta Spatial virtual universe is researched and developed by Spatial Studio. However, the core team of the Meta Spatial protocol includes Hieu Tran, Hung Nguyen, Tony Duong, and Cuong Ngo.