Tron Launches Dominica Metaverse Bound Token With Huobi

Smart contract blockchain Tron has expanded its mission to bring Dominica into the metaverse, with the launch of a digital identity token.

The Dominica Metaverse Bound Token (DMBT) has been launched as part of the Dominica Metaverse Digital Citizen (DMDC) program, authorized by the government of the Caribbean Island nation. DMBT is a collaboration between Tron, crypto exchange Huobi and Dominica metaverse organization DMC Labs.

DMBT builds on previous work, led by Tron, to build the Dominica Digital Identity (DDID), a digital ID that gives holders “citizenship” of the Dominica Metaverse. Those who have met the requirements for DDID will also be able to mint DMBT on the Tron blockchain.

"DDID will serve as the building block for Web3 and a bridge connecting the real and virtual worlds," said Tron founder and Huobi advisor Justin Sun. He added that the on-chain digital identity system "lays the foundation for a future metaverse world that is truly capable of servicing the global population across physical boundaries and national borders in mankind's pursuit toward inclusive digital freedom."

DMBTs are non-transferable and revocable. They are a unique type of soulbound token, a form of Web3 identification, and serve as on-chain identity for those who have completed level-3 KYC verification on Huobi.
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