June 24, Phala Network announced a collaboration with Bit.Country. Bit.Country, based on its blockchain platform and protocol, allows users to build their own metaverse with NFTs, timeline views, 3D virtual worlds, and other functions.
Phala will provide privacy infrastructure services to Bit.Country’s Metaverse, allowing the addition of privacy features to Metaverse, Virtual worlds, NFTs, and secret messages.
Bit.Country projects traditional online engagement into a different dimension on Web3.0.
It is a decentralized metaverse platform with NFTs, token economies and governance. Everyone can start their own metaverse with their own fungible or non-fungible tokens, timeline view, and 3D virtual world view. Community owners, influencers and KOLs can utilize the platform and protocol to grow and engage their audience.
On March 21, 2021, Bit.Country was selected by the Berkeley Blockchain Xcelerator at the University of California, Berkeley.
On June 24th, 2021, Bit.Country was selected by the Creative Destruction Lab at the University of Toronto.
On May 12th, 2021, Bit.Country completed the seed round capital raise of 4M USD from reputable venture capitals. Read more…
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About Phala Network
Phala Network tackles the issue of trust in the computation cloud.
This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable but not wasteful. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.
On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.