Name of Project
MetaBlox
Proposal overview
MetaBlox is a DID-driven Web3 User-Centric Network Protocol. It supports upgrading the current Web2 telco/platform-centric network foundation into a decentralized foundation for Web3 user-centric infrastructure. The project is initiated by alliance company members who have extensive experience in blockchain, telco, IoT and fintech. MetaBlox has already raised more than $2M USD in funding (led by Synergis and CollabCurrency), and its team has received 10+ patents in blockchain with more than 40 pending.
MetaBlox protocol is developed from DID and Verifiable Credential (VC) W3C standards. It is independent of blockchain design and could work with all major L1 networks. The protocol supports the DID integration with Hotspot 2.0 (IEEE 802.11 u), allowing an easier and more secure connection to public WiFi hotspots. Hotspot 2.0 is supported in the latest version of Windows 10, macOS 10.9 or newer, Android 6.0 or newer, and iOS 7 or newer. MetaBlox integration with Hotspot 2.0 networks aims to provide cellular-style “roaming” for WiFi networks. As you move around the world with your Web3 DID, your device automatically connects you to available public hotspots.
This will make a decentralized high-speed free wireless network possible. Many miners are cafes, restaurants, and shops, and they could build a native Web3 infrastructure together. It does not require any centralized operator, but this network will provide a more accessible and more secure public WiFi, help telco reduce cost by investing less in small cells, and bind existing WiFi infrastructure together for better efficiency. MetaBlox has demonstrated its proof-of-concept with a world-leading telco, achieving <150 ms response time, > 1 million DID and VC, and > 3000 TPS.
Besides broadband wireless access, MetaBlox will use DID / VC to provide decentralized edge computing as well edge storage/cache systems to support a decentralized foundation layer for native Web3 applications. As a DID-driven protocol with supporting infrastructure, MetaBlox can also support other applications in DeFi KYC, GameFi ID, NFT airdrops and etc. It will release a mobile app for users to manage their DID profiles and related applications across multiple blockchains.
MetaBlox token (MBLX) functions as a utility token in the network. Anyone who wants to provide services to the users needs to spend MBLX. MBLX is also needed during the election of the community management committees.
Market
MetaBlox protocol itself is the leading implementation of Trust of IP stack (developed by Linux foundation) in the web3 world. As the key building block of the future network, it has tremendous market potential. The anchor application: decentralized Free WiFi network shall have a larger market potential over Helium (market cap ~ 3 billion) as the latter primarily focuses on IoT narrowband data. Please note that the WiFi gateway market is > 100 billion USD per year already.
Roadmap
- Technology:
– POC Dec 2021 (completed)
– Alpha testing: Q1 2022
– Initial launch: Q2 2022
– Decentralised edge computing POC: Q4, 2022
– Complete release, Q4 2023.
- Business:
– Miner commercial launch: Q2 2022
– First MetaBlox experiencing zone: Q4, 2022
– > 400,000 nodes, Q4, 2023
- Tokenomics:
– Seed round (completed > 2 M USD)
– Strategic VC round, April 2022
– IDO Q2 2022
– Become deflation token, 2026
Team
The team includes industry leaders in telco, fintech and blockchains, including senior executives from Qualcomm, Telus, Philippines DICT; a strong blockchain engineering team who wins the first Canadian Federal Government blockchain project; as well as smart city veterans. The key team members have 10+ successful exits, including some IPOs.
Proposal ask
$250K in MetaBlox strategic VC round with the valuation of 39M
Metrics for success
Phase 1 - Complete integration between Metablox protocol and Harmony. Project initial launch with Harmony in NYC NFT June 2022
Phase 2 - Commercial Release MetaBlox miners in 2022
Phase 3 - 5 additional applications other than decentralized WiFi by the end of 2022