Metamerch is a virtual environment and retail platform powered by the Metaverse. Users can create, own, rent, and monetise content and commodities. As long as the community owns the companies or buildings, they have more power over the decisions they make about their company operations.
Users may claim ownership of virtual land parcels on a blockchain-based database currently under development. After that, they may run a store or office on the property, which they can then share or monetise with other individuals. The x- and y-coordinates are used to identify all of the locations on the Metamerch. The 3D sceneries on your land may be static or dynamic and include activities, virtual workplaces, attractive enterprises, or events to keep visitors interested.
The land is an exceptional digital asset and a non-fungible digital asset kept in a Harmony smart contract. It will be minted and purchased using the Harmony native token ONE at some point in the future. The platform’s primary utility token is the MMX, an HRC20 token. In the Metaverse, MMX may be used to purchase digital products and services and other purposes.
The administration of Metamerch is not centralised, as is the case with other Web2.0 virtual worlds and social networking sites. Nothing can be altered or changed by a single person or group of people. By establishing a Decentralised Autonomous Organization to manage the platform, you will be able to modify the program’s regulations, the contents of the land, and all economic elements of your planet.
The fundamentals of Metamerch are presented in great depth in this paper. It provides an overview of Metamerch’s infrastructure, economic approach, and technological capabilities.
