LeisureMetaverse, a new normal community project in building social, cultural, and economic communities for Web 3.0 Creators and fans, issued its own utility token, LM token.

LeisureMetaverse is a Web 3.0 Enabler that realizes the Web 3.0 values of rights and introduces Web 3.0 Creator, a new form of employment and income source. LeisureMetaverse aims to become the core infrastructure of the digital economy in social, cultural, and economic communities where humanity and free will are respected.

LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum.

Operating a DAO community (LM NOVA) and a NFT marketplace (playNomm), LeisureMetaverse aims to overcome the existing blockchain platforms’ limitations such as low performance, costly gas fee, and inconvenient UX. Using the Tendermint style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm, LeisureMeta chain has attained 1,000 TPS and transaction finality altogether. The Bloom filter is used to distinguish known transactions between individual nodes to enhance the efficiency of networking by transmitting unknown transactions only. With the multiple private key pairing system, the UX was improved by assigning individual private keys per user devices.

LeisureMeta blockchain reduced the block time to 1 sec with Conflict-free Replicated Data Type (CRDT) structure to eliminate transaction orders within a block. Consequently, the computing power required for the blockmaking process has been significantly minimized.