Sevi emphasized the importance of creating a digital twin of Earth, highlighting that our current systems can feel broken and unfair. He explained that while we inhabit a physical world with borders, the digital world, which is decentralized and open, offers a remedy by removing middlemen and granting users greater ownership and sovereignty. This duality aims to enrich human experience and engagement, suggesting that now more than ever, we should harness this potential.
2. Importance of Modular Blockchain Technologies
Sevi introduced the idea of a modular blockchain, contrasting it with the typical monolithic architecture. He noted that modular blockchains separate the execution, settlement, and data availability layers, which can prevent congestion and facilitate easier updates. By drawing an analogy to building with Lego instead of concrete, he illustrated the flexibility and modernity that meta Earth offers through this innovative design.
3. Vision Behind Meta Earth Initiative
Sevi shared insights into Patrick's vision when founding Meta Earth. With over 20 years of experience in finance, Patrick sought to respond to the systemic failures that disadvantaged people worldwide. He recognized the potential of technologies like AI and blockchain to redefine the way we identify ourselves and interact with the digital world, thereby giving people a voice in the new society being constructed.
4. Concept of Digital Citizenship
One of the groundbreaking features highlighted by Sevi is the concept of digital citizenship. Through the MI ID given to each participant, individuals do not just create an account but become recognized digital citizens. This identity allows for asset management, voting on public projects, and active participation in the community, empowering users to engage directly in decision-making processes.
5. Integration of Carbon Credits Management
Sevi discussed how the platform also supports sustainable practices, particularly through the management of carbon credits on-chain with the MIG Green initiative. Users can offset their environmental impact, making sustainability accessible to all, regardless of their prior environmental commitments. This underscores the potential for technology to not only enhance convenience but also to contribute positively to global challenges.
6. Distribution of MI Tokens and Inclusivity
According to Sevi, a total of 20 billion MI tokens are to be distributed, with half designated for the global population. This inclusive approach ensures that everyone has a stake in the project, reinforcing the emphasize on community participation and equitable access to benefits derived from the blockchain technology. This model aims to democratize opportunities and resources in the digital sphere.
Join our research newsletter!
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.