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Metaverse News Europe


Tron Launches Dominica Metaverse Bound Token With Huobi

4/5/2023

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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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  • Home
  • News
  • Nominations
    • Top Global Event
    • Top Metaverse Platform & Virtual World
    • Top VC or Accelerator
    • Top Blockchain Developer Services Provider
    • Most Impactful Marketing Advertising Campaign
    • Most-promising Corporate VC Investment
    • Top Corporate Partnership
    • Top Legal Firm for Metaverse/Web 3.0 businesses
    • Top Avatar Design Company
    • Top Digital Twin Initiative Enterprise
    • Top Digital Twin Initiative Consumer
    • Top Cloud, Enterprise or Technology Partner
    • Top Partner for establishing early-stage presence in Metaverse
    • Most Innovative NFT Project
    • Top 3D Design Firm for Metaverse
    • Top Fashion Brand Initiative
    • Top Consumer Experience & Entertainment
    • Top Sports Brand Initiative
    • Top Enterprise Productivity initiative
    • Top Digital Payments platform
    • Most Exciting Scale-up Company
    • Top XR AR VR Firm
    • Most Exciting Hardware for Metaverse/Web3
    • Most Promising Haptics Initiative
  • 2023 Summit & Awards
    • VIP Jury
    • Summit Agenda - Day 2
    • Strategic Partners Matchmaking - Day 1
    • Venue
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    • Tickets
      • Pay via Credit Card
  • Exhibitors
  • Contact
    • 2022 Event
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      • Agenda 2022
      • Photos 2022
      • Videos 2022
    • FAQs
    • Brella Event App & Networking