Bit.Country
  • Welcome
  • Whitepaper 0.7
    • Overview
    • Inception
    • Background
    • New Problem & Solution
    • Point of Difference
    • Opportunity of The Century
    • Design Goals
    • Common Entities
    • Continuum
    • Your Metaverse
    • NFT - Non-Fungible Token
    • Land Economics
    • Network Currency - NUUM
    • Bit.Country Pioneer - NEER
    • BIT & Campaign
    • Governance
    • Target Audience
    • Official Links
    • Disclaimer
    • Change Logs
  • Metaverse App Network
    • Overview
    • Security Audit Report
    • Key Components
  • Testnet
    • Testnet $NUUM
    • Run a testnet node
    • Get a Wallet
  • Popular Links
    • Bit.Country
    • Metaverse App Network
    • Brand Pack
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  1. Whitepaper 0.7

Inception

How the idea was born.

The domain Bit.Country was acquired by co-founding team on 22nd January 2018 while they were attending the blockchain conference in San Francisco.

The team sensed that the decentralized paradigm will need a virtual world for new identity and digital assets in the near future.

When blockchain came into existence, it created a paradigm shift; making possible a community-governed organization where assets can exist in perpetual machines and value exchanges can be done reliably without any centralized authority.

In 2019, the founders had the plan to create a platform that provides a new way to build community on Web3.0 while also being driven by economics and governance. The following concepts were born, notably:

  • A decentralized virtual world governed by the community

  • An open economy infrastructure

  • An open NFT protocol to make the objects in the virtual world usable

  • A platform allowing user-created metaverses, experiences, and applications.

In Mar, 2021, the team is officially formed and started official development in Sep 2021.

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Last updated 1 year ago