> For the complete documentation index, see [llms.txt](https://metaversenw.gitbook.io/bit-country/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://metaversenw.gitbook.io/bit-country/bit.country-metaverse-whitepaper/inception.md).

# Inception

The domain Bit.Country was acquired by co-founding team on 22nd January 2018 while they were attending the blockchain conference in San Francisco.&#x20;

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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