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Event ends: August 9, 16:00 UTC
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*Here are the overview of openverse market potential*
~Value Transfer Protocol (VTP):
We propose the VTP standard—Value Transfer Protocol. Its core objective is to enable the free flow of value within the network, serving as the underlying communication protocol for the OPENVERSE NETWORK in a decentralized environment.
~Open Name Service (ONS):
This service will make it easier for users in a value-based internet to identify and interact with blockchain networks.
~Unified Identification (UID):
Universe Identification (UID) is the account standard for an IBC-enabled world.
~Inter-Blockchain Communication (IBC):
The IBC protocol is an interoperability framework designed to transfer arbitrary data between any state machines.
Note: openverse main focus is on open-source tech products. For instance, combining open-source wallets with OTC Dapps allows everyday users to use Bitcoin for daily payments via QR code scans.