📌About Meta DAO

Meta DAO is a decentralized distributed autonomous organization, co-sponsored by Meta Virtual Reality Labs (Meta Reality Labs), a subsidiary of Meta, and Singapore GIC Capital, aiming to realize Web3 by building the early infrastructure and ecology of Metaverse. .0 Industrial integration development. In October 2021, Facebook CEO Mark Zuckerberg (Mark Zuckerberg) announced at the Facebook Connect conference that Facebook has changed its name to "Meta". It is hoped that by changing the name, it will get rid of the "social media" label that has been attached to the body since its inception, and focus on developing the Metaverse.

Regarding the "Metaverse", the more recognized source of thought is the American mathematician and computer expert Vernor Vinge Professor (Vernor Vinge), in his 1981 novel True Names (Original title: True Names And The Opening Of The Cyberspace Frontier), creatively conceived A virtual world to enter and experience sensory experience through a brain-computer interface.

The term "metaverse" was coined in 1992 by American science fiction writer Neal Stephenson Stephenson's science fiction novel Snow Crash, which depicts a massive virtual real world. Here, people use digital avatars to control and compete with each other to improve their status, to Now it seems that the description is still an advanced future world. In fact, Metaverse is a virtual world that utilizes technological means to connect and create and map and interact with the real world. That is, with the help of VR, AR technology and equipment, it attracts more users in this 3D virtual world and establishes a world similar to real life. It can also carry out human interaction, and can meet the space of work, communication and entertainment.

This kind of digital living space with a new social system is essentially a process of virtualization and digitization of the real world, which requires extensive transformation of content production, economic systems, user experience, and real-world content. The development of the metaverse is gradual, and it is finally formed by the continuous integration and evolution of many tools and platforms under the support of shared infrastructure, standards and protocols. It provides an immersive experience based on extended reality technology experience, based on digital twin technology to generate a mirror image of the real world, to build an economic system based on blockchain technology, to closely integrate the virtual world with the real world in the economic system, social system, and identity system, and to allow each user to carry out content production and world edit. Meta Virtual Reality Labs (Meta Reality Labs) is the core department of Meta to build the "Metaverse", responsible for Quest series hardware and software, Portal video call equipment and focusing on creating VR and AR related projects.

As a company with digital technology, it has always been a builder and enabler in the Metaverse industry around the basic scenarios, business scenarios, and digital scenarios of the "Metaverse", creating an interactive, scene-based, and immersive Metaverse ecology. Founded in 1981, Singapore GIC Capital is the largest international financial investment institution in Singapore. its master The main task is to manage Singapore's foreign exchange reserves and make overseas investments across borders. In the early days of GIC Capital, Li Guang Yiu personally serves as the chairman and chairman, and Goh Keng Swee serves as the vice chairman. The current president is Li Yitian, former World Bank Governor James David Wolfensohn was previously an advisor to the GIC. GIC capital investment includes stocks, fixed income securities, funds, real estate and cryptocurrencies and other Special investment projects, whose goal is to obtain long-term excellent return on assets through stable global investment, in order to beat The same industry index as the target. In recent years, the company has focused on new business investments such as blockchain and digital currency transactions. At present, the assets under management exceed 100 billion U.S. dollars, and its scale is comparable to that of Buffett's investment empire, Berkshire Hathaway (Berkshire Hathaway). GIC Capital has three subsidiaries, The Government of Singapore Investment Corporation Pte Ltd, GIC Real Estate Pte Ltd and GIC Special Investments Pte Ltd.

At present, the market value of the global metaverse has reached 100 billion U.S. dollars, and this figure is expected to explode in the future. growth, reaching 10 trillion US dollars, and the number of Metaverse users will reach 1 billion by 2030. And Crypto has immeasurable space in its development and wealth creation, turning what a single person or organization can do in the past into a multiplayer game. In 2021, with the rise of Web3.0 and DAO, people no longer have to participate in some traditional institutions, but have the ability to choose their own focus based on their own values and interests. Even in the absence of mandatory social ties, from early hunter-gatherer tribes to retail investors outperformed in GME stock.

However, this all points to a desire to coordinate around common goals. And Crypto is investing from Machines are gradually transitioning to the real application era, and it is natural for people to unite and participate in this next step ecosystem. September 2022, by Meta Reality Labs (Meta Reality Labs) in conjunction with Singapore The Meta DAO co-sponsored by GIC Capital is based on the concept of innovation, equality, transparency, autonomy and sustainability. Aggregate DAO community members through smart contracts to jointly create, acquire and distribute value in DAO, incubate, R&D, operation and management of DeFi, NFT, GameFi, SocialFi and other ecosystems to decentralize capital Supported by production, decentralized technology and decentralized organizations, it is committed to creating an incubation platform for metaverse ecological governance. Meta DAO will work with global partners to create a better metaverse ecology and enter the Web3.0 era together.