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15 January 2018  – In line with Metaverse’s aim of expanding its global presence and increasing community engagement, we’re pleased to announce the launch of the Metaverse Ambassador Program: a comprehensive plan to support a community of driven blockchain enthusiasts and elevate their reach. Metaverse aims to revolutionize the way financial services and transactions are processed, and confidence is growing among financial institutions that blockchain technologies will ultimately transform how services are conducted, operated and delivered. As an extension of our vision of building a new reality, ambassadors will take the lead in fostering authentic and long-lasting relationships with the Metaverse community globally. Become an Ambassador We’re looking for global-minded and regional experts, practitioners, influencers, instigators and innovative and strategic thinkers who are: – Passionate about Metaverse’s vision and values – Ready, capable and motivated to nurture awarene...

Baofeng Group (Shenzhen Stock Code: 300431) subsidiary Beijing Baofeng Xinying Technology signed a strategic partnership with Metaverse on 25 December 2017. As strategic partners, both parties will jointly research and develop the Blockchain Consensus Network (BCN) as well as Blockchain-as-a-Service architecture, with the aim of expanding blockchain technology applications. According to the terms of the partnership, Metaverse will provide technical support for full nodes for Baofeng Bokocloud and assist with upgrades to their consensus mechanism and incentive model. Baofeng Xinying will also be appointed as an honorary member of the Metaverse Foundation, and help enrich the Metaverse ecosystem with resources built on the BCN. Their architecture will support Metaverse’s full nodes and all future versions of the Metaverse blockchain. Baofeng Xinying will also provide a range of BCN services including system setups, network commissioning and 24/7 technical support for Metaverse to ensu...

On 26 October, 2017, DraperDragon Innovation Fund and the Metaverse Foundation officially announced their partnership to establish a digital asset investment fund. The DraperDragon Innovation Fund is a venture capital (VC) fund that focuses on Sino-US cross-border investments in emerging technology industries. It is a member of the global VC fund network Draper Venture Network (DVN), a global collective of VC investors established by famous American venture capitalist Tim Draper. The DVN currently consists of 17 member funds spread across more than 60 cities globally, including the Draper Fisher Jurvetson (DFJ) Fund, which including companies such as Hotmail, Skype, Baidu and Tesla in its portfolio. In the ten years since its inception, the DraperDragon Innovation Fund has provided venture capital to emerging technology companies related to China, maintaining a close relationship with them and successfully cultivating a new generation of emerging technology enterprises. This is alig...

On October 24–25, Eric Gu, the founder of Metaverse Foundation, was invited to attend the World Blockchain Summit held in Dubai. World Blockchain Summit gathered emerging blockchain enterprises and senior blockchain experts. Metaverse team discussed the development and prospects of the blockchain technology together with many participants. At the same time, Eric Gu delivered a speech and shared his unique opinions with respect to blockchain. At the summit, Eric Gu gave a presentation themed “Digital Identity: Commercial Application of the Blockchain”, which explains the importance of digital identity in the development of blockchain technology. Additionally, the founder elaborated China’s first public blockchain Metaverse’s development progress and its huge commercial potential in digital identity, digital assets and BaaS.

Metaverse has and will continue to follow the overall development path outlined in our white paper. In 2017, we focused on developing digital assets and digital asset exchange capabilities, with two major version releases (v0.6.0 and v0.7.0) and twelve minor version releases (0.6.1-0.6.10, and 0.7.1-0.7.2).

The Metaverse Foundation and global distributed IaaS platform Acute Angle Cloud have formally announced a strategic partnership to jointly build an interconnected digital asset platform. Acute Angle Cloud is a global, distributed IaaS platform built on the foundation of the Acute Angle Chain, IPFS protocol and Acute Angle PC. The Acute Angle Cloud will be iteratively improved upon through the Acute Angle Chain, Acute Angle Cloud 1.0 and Acute Angle Cloud 2.0. The Acute Angle Cloud will position itself as a “Distributed Cloud Ecosystem” and aims to develop distributed cloud storage, public blockchains and hardware systems. Within this ecosystem, the Acute Angle PC is a hardware device based on blockchain technology and will serve as the PC device. The Acute Angle PC is a general-purpose computer based on the IPFS peer-to-peer hypermedia distribution protocol, using the Acute Angle Chain public blockchain to manage digital assets and smart contracts to define user reward sys...