What Is Metaplace(MPC)?
Decentralized marketplaces are built on blockchain structures that enable peer-to-peer connection in terms of communications and transactions, thus eliminating the need for a middleman authority to administer. Metaplace is a decentralized marketplace built on the Binance smart chain blockchain. It uses smart contracts to connect its users to make transactions and connect with each other. Aside from providing a seamless sustainable marketplace, Metaplace enhances the transparency of trade by incorporating metaverse on its platform.
The metaverse feature is an additional feature added in this marketplace that provides Metaplace with a competitive edge over its counterpart. Metaverse is a hotline feature explored by many projects, leading it to become the most in-demand feature. Many believe the future belongs to the metaverse. Metaplace too is a firm believer in innovation and tries to remain updated with recent technologies to facilitate their users. In this particular case, Metaplace uses virtual reality to enable its users to physically examine products before buying. The products mostly include lands and other high-value assets with physical attributes.
Metaplace Storage Key Points
|Circulating Supply||100.00B MPC|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Comparison between the centralized marketplace and decentralized marketplaces
In a decentralized marketplace, technology replaces the traditional drivers of the market. The structures responsible for matching buyers and sellers, seamless transactions, and institutional infrastructure are replaced by a network of node. Metaplace Each of these nodes accomplishes the same functionality as that of some centralized market drivers. A decentralized marketplace holds transactions that are seamless and immutable. These transactions are safer in terms that a decentralized market structure does not include a middleman that can affect transaction security in any way.
Perhaps a transaction in a decentralized structure is cheaper because here the buyer directly pays to the seller, with crypto networks validating these transactions. In addition to providing smooth transfer of data and money, decentralized marketplaces are comparatively more efficient in matching buyers and sellers due to their inherent nature of providing unmodified access to information. All goods are listed through the blockchain thus eliminating any human error in product and price listing. Aside from that, product search results are entirely organic and reliable.
Comparison among decentralized market structures
OB deviates from the traditional client-server model used by nearly all e-commerce marketplaces, such as Amazon and eBay. OB is not a browser-accessible website, but rather a peer-to-peer application powered by a decentralized network of nodes run by the platform’s individual users. To use the OB marketplace, users must first visit its website and download an OB server and an OB client, both of which must be installed locally on the user’s machine. 64 “All stores and listings are hosted on the vendor’s own computers and “reseeded” by other network users,” according to the vendor’s website.
Metaplace As a result, unlike Amazon or eBay, which do not require parties using their platform to maintain the infrastructure underlying the platform, OB associates participation in the marketplace with its upkeep – one cannot transact on OB if an OB node is not running. The primary benefit of this is of configuration in the network’s technical resilience, which is extremely difficult to shut down or interfere with.
The Binance Network
Metaplace will be built on the Binance Network. Metaplace is delighted to be supported by Binance and is proud to announce that the project has secured investment from Binance.
Binance is the most active layer-2 BNB scaling solution that exists in the market today. The Metaplace team has decided to build on Binance due to its high speed, low cost transactions and the overall compatibility of the network.
This will allow to connect, develop and most importantly develop at scale on the Binance network. The power of Binance is that it provides a credible layer of trust for users. It has significant advantages over other networks allowing scalability, security and overall better user experience.