âī¸3.2.1 Baby Shark Universe with blockchain
The metaverse platform using blockchain has many benefits, such as smart contracts, decentralized exchanges, high transparency, security, high user incentive, and decentralized management. Blockchain allows us to clearly separate digital ownership of items and goods, sovereignty of objects, and sovereignty and ownership of players and other users.
The NFT ownership is provided to the users, and the accumulated data will continuously updated and transparently operated in blockchain. This will eventually entail the operation and fairness of content defined by members within platform governance. Blockchain is a quintessential technology in a metaverse to increase economic opportunities and ecosystem standards, as well as to strengthen and protect the ecosystem.
The contents implemented using blockchain in Baby Shark Universe are as follows:
Smart contracts: Smart contracts can be realized using blockchain. This is a contract written by programming and will automatically be executed when certain conditions are met. Smart contracts are used within the Baby Shark Universe platform, and various features, incluidng automated exchange and payment processing, asset exchange, game item trade, and DAO, will be realized.
Decentralized autonomous organization (DAO): A decentralized and transparent governance can be realized using blockchain. Since all transactions in the blockchain are disclosed, transparency and reliability of governance management can be increased compared to services operated by existing centralized entities. We plan to provide DAO in a code form based on smart contracts, and all sources will be safely disclosed through AUDIT.
Security and Privacy: Personal information can be safely protected using blockchain. Since transactions within the blockchain is encrypted, there is less chance of personal information being exposed, and the user data can be safely saved within the blockchain. Also, by using the distributed ledger technology, data can be protected from attacks such as failure of some nodes or hacking.
Business model: A new business model based on users can be created using blockchain. We can create new business models, such as Game-FI, DeFi, and ownership transfer, by using the benefits of a distributed system, transparency, and decentralization of a blockchain, along with properties, such as NFT and land, owned by users.
User incentive: We provide an environment that encourages users by giving incentive to users who play the Baby Shark Universe utilizing governance right and Land-based contents according to their participation. Through this, we can attract new users and users using the platform can enjoy the content for a longer period of time. Also, by using the non-fungible tokens (NFT), users can have an actual ownership of digital assets, such as items, virtual land, and digital art.
Interoperability: Baby Shark Universe's blockchain platform will be configured to seamlessly interact with other blockchain networks and projects. The Baby Shark Universe coins created based on the ERC-20 can easily be integrated into the Ethereum virtual machine (EVM) chain, and for the release of the ALPHA version, the service will be opened based on the IMX chain through the bridge.
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