What Is Metaverse (ETP)? Metaverse is an open-source dApp platform used for BaaS.

What Is Metaverse (ETP)?

Metaverse (ETP) is an open-source blockchain platform that provides and supports digital assets and identities. It uses a smart contract network and oracles to build the infrastructure for secure exchanges, dApps, and legal contracts on the blockchain. It’s sold as a Blockchain-as-a-Service (BaaS) protocol and has a marketplace of other decentralized applications (dApps). ETP is the native cryptocurrency coin used for tokenized transactions on the platform.

Who Is Metaverse?

Metaverse was founded in 2016 by CTO Chen Hao and CEO Eric Gu, who formerly co-founded NEO/GAS. It’s maintained and operated by the Metaverse Foundation. They also help incubate blockchain startups using the platform.

Use Cases of Metaverse

Metaverse already has a working product and hosts projects like Lexit, CyberTrust, and Kickico, among others. These third-party partners built a tokenized intellectual property platform, a crypto investment back, and a crowdfunding platform, respectively.

How to Mine ETP

ETP is currently mined using a Proof-of-Work (PoW)/Proof-of-Stake (PoS) consensus. This means both processing/verification and hodling can earn ETP.

Learn More About Metaverse

If you want to learn more about Metaverse, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.


Dr. Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer. You can find his work in Cracked, High Times, HuffPost, Lifewire, Forbes, Fast Company, and dozens of other places, although much of it is no longer under his name. Dr. Penny loves annoying fake media.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.