What is HyperVerse, and how does it work?

Key Takeaways

• HyperVerse Overview: 

• Marketplace for audited smart modules. 

• Facilitates Web3 app creation.

• Decentology

   – Builds a decentralized smart contract marketplace.

   – Targets Ethereum, Algorand, and Flow.

• Launch & Planning

   – Beta launch imminent.

   – Aims to bring 10 million Web2 developers to Web3.

• Funding

   – Secured $4.3 million in seed.

   – Upcoming token sale.

• HVT Price

   – Priced at US$0.0000000009391.

   – Supply cap: 10 billion tokens.

• Capabilities

   – Prioritizes security and development.

   – Introduces innovative audit system.

• Metaverse

   – Expansive universe with interstellar enterprises.

• VerseEco & V-DAO:

   – Regulates and governs the HyperVerse.

   – Community-centric operations.

• Community

   – Offers immersive metaverse.

   – Centralizes around user engagement.

Have you ever heard about the HyperVerse before, and do you know exactly what it is and how it works? Does it seem like the whole crypto community has been talking about the h5 the hyperverse net? You’re bumping into it across popular crypto forums and social media platforms?

First, HyperVerse represents an open marketplace that includes easy-to-discover, community-built, and audited smart modules. The HyperVerse crypto project aims to help JavaScript developers create captivating Web3 apps without writing smart contracts.

So, what is the role of a Decentology company in all this? What are they building actually and providing crypto enthusiasts with their HyperVerse project?

HyperVerse – the marketplace with a growing market cap for composable smart contracts

When it comes to Decentology, it is diligently building the HyperVerse to be among the top decentralized, open, blockchain-agnostic marketplaces for composable smart contracts with an increasing trading volume.

The launch of the HyperVerse will be in beta by year-end in the virtual world. It will all start with the following blockchains, which can be checked in real time at https h5.thehyperverse.net for information purposes only:

• Ethereum
• Algorand
• Flow

In 24 hours, the creative team is developing new solutions for different cultures and lifestyles that work on the it.

• Discoverability
• Security
• Smart contract development
• Monetization

These enhancements result in the most comprehensive and quality marketplace for smart contracts ever created so far, showing a promising increase in the total supply and circulating supply.

The transition of the company to a community-driven DAO

Decentology is shifting to a community-led DAO to manage the growth of the HyperVerse ecosystem.

Concurrently, the company will onboard an additional 10 million Web2 developers to Web3, making a significant impact on the price today.

To achieve its visionary goals, the company successfully raised $4.3 million in seed funding from the world’s best crypto investigators. The strategy includes enabling a token sale in the forthcoming days, providing an excellent opportunity to buy Hyperverse.

Why do we prioritize on this type of marketplace?

In addition to funding, community-driven DAO, ecosystem growth, and Smart Contract Composability, we give priority to the HyperVerse marketplace. This marketplace provides important information for making wise investment decisions.

What is the Price of HyperVerse HVT at the moment?

As of 2nd of October, the Price of HyperVerse (HVT) is listed at US$0.0000000009391. Despite the uncertainty in its 24-hour trading volume, there has been no significant fluctuation in the HVT’s value in the last 24 hours.

Currently, it’s observed to be 22.74% lower than its 7-day all-time high, which was $0.000000001216, while it is up by 13.06% from its 7-day all-time low of $0.0000000008307. The overall maximum supply for HVT is firmly capped at 10 billion tokens.

The main four capabilities of the HyperVerse

As mentioned above, HyperVerse HVT is an open, decentralized, blockchain-agnostic marketplace created exclusively for composable smart contracts. It’s a specific solution that’s designed for decentralized composability at scale.

Here are the main four capabilities of the HyperVerse crypto marketplace project:

• Security
• Development
• Monetization
• Discoverability

Let’s start with development, shall we?

Development of the HyperVerse marketplace

For the HyperVerse marketplace to be beneficial, it is crucial to include smart contracts composed of developers actively building decentralized apps. However, it also includes developers who will create these composable smart contracts. These developers are called “the HyperVerse developers, “creating entities named “Smart Modules.”

In short, Smart Modules implement primitives of the blockchain app. A single smart module refers to a package with a minimum of a smart contract, unit tests, metadata, and all the necessary documentation. In some situations, it can include a sample code and a user interface responsible for testing harnesses.

Typically, the smart contract implements a Blockchain primitive, a feature that enables discrete functionality. Here is one good example: a Subscription Smart Module can allow an application to check if the calling account is an active subscriber for a specific feature.

Multi-tenant Smart Modules

It’s crucial to note that Smart Modules are multi-tenant, which is also their essential characteristic, supporting native tokens which are becoming a top cryptocurrency.

This model typically mirrors SaaS apps in Web2 that represent single applications serving numerous diverse users across millions of planets.

Smart Modules enable this by separating smart contract logic that resides in the HyperVerse-deployed smart contract, on-chain, from the associated data. This separation is a specific and authentic HyperVerse Smart Modules feature that’s designed to address different scenarios where it’s essential for calling apps to utilize composable smart contract rules.

Despite the growing price of it, they also store data in their personal account space, ensuring a secure and efficient environment for all transactions and interactions within the HyperVerse network.

Security 

Developers need to trust developers who built the Smart Module and have great confidence in its code for them to use Smart Module in their applications. In Web2, some big organizations such as Google and Apple utilize a combination of manual and automated analysis and audits to ensure that the code developers submitted are trustworthy, defect-free, and of the highest quality.

When it comes to Web3 code, audits performed on smart contracts by security experts are the closest equivalent to all this. This specific audit model is broken, and HyperVerse is here to fix it with an innovative audit model and review.

Insurance layer for smart contracts

What’s first submitted to the HyperVerse is Smart Module. Multiple Registrars review the module package for completeness. This is to ensure that the Module doesn’t have any malware. Before deployment on-chain, multiple auditors audit the code of the Smart Module.

If they trust the code 100%, they may signal this by staking tokens. The auditor is eligible for pro-rata of future revenue from the SMart Module enabled by the staked tokens. Keep in mind that these aggregate staked tokens on a Smart Module can also act as an insurance layer.

Predefined rules are the base for slashed tokens if a vulnerability or a defect in the Smart Module code causes a loss of money or data.

Discoverability

The biggest challenge for these developers is knowing what contracts are available, how to interact with the contract, their on-chain address, who created the contracts, and whether they are 100% to be trusted.

HyperVerse solves the discoverability problem with metadata. Every Smart Module includes on-chain and off-chain metadata. The usage is tracked thanks to the HyperVerse Registry contract. Coupled with the usage data, metadata adds analytics capabilities and discoverability for Smart Modules.

Keep in mind that HyperVerse will also provide users with a web-based, default, and discovery experience.

Monetization

Contributors have a decentralized path to monetization, thanks to HyperVerse. Smart Modules, optionally, enable transaction-level fees which are captured on-chain. They flow into the DAO Treasury from on-chain and are distributed to auditors, registrars, developers, and the DAO based on predefined rules.

Non-fungible tokens, NFTs, unlock the futures market for software. It’s crucial to understand that every Smart Module on the HyperVerse is viewed as an asset represented by a Non-Fungible Token. Smart Module contributors are issued NFTs representing their share of future revues fractional ownership of that particular Smart Module. It is a significant unlock for open-source software.

So, suppose you, as a user, determine to stake on or contribute to a fee-based HyperVerse Smart Module in any capacity. In that case, you are able to sell or collateralize the future income that an NFT represents.

But have you heard about the Hyperverse virtual metaverse? Let’s find out what it refers to exactly.

What is the HyperVerse virtual metaverse?

The HyperVerse is also a virtual metaverse that contains millions of different planets. In this virtual metaverse, players are also called the “voyagers” and can connect with their fellow players, friends, and acquaintances, experiencing different lifestyles and cultures. They can also create tokenized items, explore the universe, or even start their own business.

HyperVerse provides a legitimate chance for each galaxy resident, thanks to VerseDAO.

Features of the HyperVerse metaverse

Here are some of HyperVerse’s most iconic features presented on the HyperVerse net site:

• Virtual Experience: Players can clone themselves and experience all the potential of living in the famous HyperVerse.
• Tokenized Items: Anything within the HyperVerse can be traded as NFT tokens.
• Galaxy Pioneer: Players can also be galaxy wanderers or start their interstellar enterprise within the metaverse.
• Space Expedition: To explore unknown planets and spaces, players can form groups in HyperVerse for interstellar explorations and expeditions.
• Decentralized Capital: Real-world tokenized contracts, stocks, options, and ETFs can also be traded within this metaverse.
• V-DAO: By initiating and voting for new proposals, players are able to govern this decentralized virtual world.

VerseEco – explained

VerseEco is the HyperVerse ecosystem to help all players, a.c.a voyagers, bring virtual assets to the real world and support the regulation and governance of trading activities within this HyperVerse.

It consists of the three components such as:

• VerseDao
• Nebula
• The Galaxy Decentralized Capital.

These components transform the HyperVerse into an autonomous capitalistic world.

V-DAO – explained

As you probably know, DAO is the “Decentralized Autonomous Organization.” In this case, V-DAO owns all the smart contracts for all the assets in the HyperVerse World, allowing for autonomous community governance and subsidizing operations throughout the HyperVerse. Players are also able to participate in governance measures by initiating new proposals and voting.

The Community of HyperVerse 

The community is truly committed to their HyperVerse virtual world. The creators of HyperVerse wanted to create an autonomous platform that would allow players, a.k.a voyagers, to play, socialize and trade. It will be governed entirely by its devoted users as a decentralized ecosystem.

Along with creators’ business partners, the goal is to enable an immersive metaverse for their users, who will have a high-quality experience. The official website is the h5.thehyperverse.net.

The whole community has gone crazy about the story where humans mastered interstellar travel in 2078 AD in this metaverse. The very first group of voyagers on the Proxima Centauri star system made the HyperVerse. It was the beginning of the age of interstellar migration.

Thanks to this captivating story, there is no wonder a huge interest in this completely authentic HyperVerse virtual world.

Bottom Line

HyperVerse presents a revolutionary approach to Web3 app development, backed by significant funding and an imminent beta