MetaMall is the combination of Virtual Reality, Blockchain and NFT technology where a virtual Shopping mall will be created and sold as NFTs to buyers. The mall will be designed with architectural excellence and deliver an immersive experience to visitors via cutting edge VR technology.
MALL is the native utility token that is used for:
Charging visitor a fee to enter the universe
Pay for exclusive VR experiences
Trading NFTs on the platform
Paying for property lease
Changing and enhancing avatar properties(Skins, features, etc)
Buying in-metaverse elements(cars, vehicles, etc)
What Makes Metamall Unique?
The Advertising: on the MetaMall universe will be one of the primary sources of revenue. All the assets and experiences can be used for advertising purposes. For example - Sponsored music playing in the background, walls populated with VR advertising, collateral, and the entire mall lit up with custom lighting similar to Burj Khalifa advertising. The revenue generated via advertising will be distributed to property owners of the mall, in proportion to the percentage of their ownership value. The fees for advertising will be charged in MALL token and the same tokens will be used to reward property owners.
Wallet: Each registered user on MetaMall, whether owners, visitors, leasing parties etc will use the MALL wallet to keep their Avatars, NFTs, tokens and transactional purposes. Wallet is built for security, cross-chain compatibility and supporting NFT storage. Wallet can be signed in using 2 factor authentication although for recovery multi word phrase sequence will be us.
The Ownership Experience: leasing, developing & Staking; The VR Experience; VR Development; Avatar Creation & Enhancement.
What is Metamall?
Metamall represents an innovative convergence of virtual reality (VR), blockchain technology, and non-fungible tokens (NFTs), creating a decentralized virtual reality mall. This platform allows individuals to not only explore and engage with a virtual shopping environment but also offers them the opportunity to build and trade within their own virtual spaces. It leverages the Metadium ecosystem, known for its robust solutions in identification, authentication, decentralized finance (DeFi), and NFTs, to provide a secure and immersive experience.
The platform is designed with architectural finesse to deliver a cutting-edge VR experience that transports users into a meticulously crafted virtual mall. Here, visitors can enjoy exclusive VR experiences, trade NFTs, lease properties, and even customize their avatars with unique skins and features. Additionally, users can purchase in-metaverse items like cars and vehicles, enhancing their virtual presence and experience.
The native utility token of Metamall, known as MALL, serves multiple purposes within this ecosystem. It is used to charge entry fees to the universe, pay for VR experiences, trade NFTs, cover property leases, and purchase avatar enhancements and in-metaverse elements. This token plays a crucial role in facilitating transactions and interactions within the Metamall universe.
One of the standout features of Metamall is its approach to advertising. The platform utilizes its virtual environment for advertising purposes, where assets and experiences can be sponsored. This includes background music, VR advertising on walls, and custom lighting effects, reminiscent of renowned real-world advertising landmarks. Revenue generated from advertising is distributed to property owners within the mall, based on their ownership value, with advertising fees charged in MALL tokens.
Security and ease of use are paramount in the Metamall ecosystem, with a dedicated wallet for users to manage their avatars, NFTs, tokens, and transactions. This wallet supports cross-chain compatibility and NFT storage, ensuring a seamless and secure user experience. It incorporates two-factor authentication for signing in, with a multi-word phrase sequence for recovery, emphasizing the platform's commitment to user security and convenience.
In summary, Metamall is a pioneering platform at the intersection of VR, blockchain, and NFTs, offering a unique virtual shopping and trading experience. It provides users with opportunities for ownership, development, and engagement in a decentralized virtual reality mall, underscored by a secure and user-friendly ecosystem.
How is Metamall secured?
Security within the Metamall ecosystem is fortified through a multifaceted approach, leveraging both the inherent security features of blockchain technology and additional protective measures to safeguard users' assets and personal information. At its core, blockchain's decentralized nature significantly enhances security, making it difficult for unauthorized access or alterations to occur without consensus across the network. This foundational security is complemented by the platform's adoption of advanced security technologies and protocols.
To further protect its users, Metamall has integrated hardware security modules (HSM) and secure enclave technology, which provide robust defense mechanisms against potential cyber threats. These technologies are designed to securely manage, process, and store cryptographic keys, ensuring that users' assets are kept safe from unauthorized access. Additionally, password protection and two-factor authentication (2FA) are mandatory for all users, adding an extra layer of security by requiring not only something the user knows (password) but also something the user has (a mobile device, for example) to gain access to their accounts.
Despite these comprehensive security measures, it's important to acknowledge that no system is entirely immune to vulnerabilities. Past incidents have highlighted the importance of continuous vigilance and the need for ongoing security assessments to identify and mitigate potential threats. Users are encouraged to stay informed about the platform's security practices and to exercise caution, especially when engaging in transactions or sharing personal information.
In summary, Metamall's security strategy is built on a combination of blockchain's inherent security features, the implementation of advanced security technologies such as HSM and secure enclave, and standard security practices including password protection and two-factor authentication. While these measures significantly reduce the risk of security breaches, users should remain proactive in safeguarding their assets and personal information.
How will Metamall be used?
Metamall is set to revolutionize the virtual reality and blockchain space by offering a unique virtual mall experience. This platform combines the immersive qualities of virtual reality with the innovative aspects of blockchain and NFT technology, creating a dynamic virtual shopping mall. Users can look forward to building, exploring, and trading within this digital space, making it a comprehensive ecosystem for virtual commerce.
The utility of Metamall extends beyond mere exploration. It will serve as a hub for a wide range of activities including shopping, socializing, and gaming. Users can earn tokens by participating in various activities, enhancing their engagement within the mall. This ecosystem is designed to be inclusive, lowering the entry barriers for those new to blockchain technology, thereby facilitating a seamless transition into the Web3 environment.
The MALL token, the native utility token of Metamall, plays a central role in the ecosystem. It is used for various transactions within the mall, including entry fees, purchasing exclusive VR experiences, trading NFTs, property leases, and customization of avatars and in-metaverse elements. This tokenization extends to assets within the mall, offering a new avenue for asset ownership and investment.
Advertising within the Metamall universe presents a novel revenue model. Property owners in the mall can earn from the advertising space they own, with revenues distributed based on ownership value. This creates a vibrant economy within the Metamall, where users can benefit financially from their investments and activities.
Security and ease of use are paramount, with a dedicated wallet for users to manage their avatars, NFTs, and tokens. This wallet is designed with cross-chain compatibility and robust security measures, ensuring a safe and user-friendly experience.
In essence, Metamall is crafting a comprehensive virtual reality experience on the blockchain, offering users a multitude of ways to engage, earn, and experience the future of digital commerce and social interaction.
What key events have there been for Metamall?
Metamall has experienced several pivotal moments that have significantly shaped its trajectory within the cryptocurrency and blockchain space. One of the most notable events was the launch of their virtual reality platform. This innovative step combined virtual reality, blockchain, and NFT technology to create a unique shopping mall experience, sold as NFTs to buyers. This virtual mall, designed with architectural excellence, offers an immersive experience to visitors through cutting-edge VR technology, setting a new standard in the digital marketplace.
Another key development for Metamall was the introduction of Metamallers as token holders, which allowed users to become integral parts of the ecosystem by holding the platform's native utility token, MALL. This token plays a crucial role in the ecosystem, facilitating various transactions and interactions within the virtual mall, such as entry fees, exclusive VR experiences, trading NFTs, property leases, avatar enhancements, and purchasing in-metaverse elements like cars and vehicles.
The platform has also made strides in expanding its reach and lowering entry barriers for users unfamiliar with blockchain technology. This effort aims to make the virtual mall accessible to a broader audience, thereby fostering greater inclusivity and adoption.
Partnerships with other projects have been instrumental in enhancing Metamall's offerings and expanding its decentralized marketplace for buying and selling digital assets and cryptocurrencies. These collaborations have contributed to the platform's growth and the enrichment of its user experience.
Furthermore, Metamall has introduced innovative features such as advertising within the MetaMall universe, which serves as a primary revenue source. This model allows property owners in the mall to earn from advertising, with fees charged in MALL tokens. The platform also emphasizes security and cross-chain compatibility through its wallet, which supports NFT storage and is designed for transactional purposes, enhancing the ownership experience for users.
These events and developments underscore Metamall's commitment to leveraging blockchain and VR technology to redefine the digital shopping experience, making it a noteworthy project in the cryptocurrency landscape.