Bull Market Narrative Returns to the BTC Ecosystem: MetaID Aims to Build a Billion-Dollar Web3 World

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/MetaID/ – The cryptocurrency market is seeing a shift back to the Bitcoin ecosystem, driven by renewed interest and scaling solutions. Despite Bitcoin’s success as the first cryptocurrency, its ecosystem faces challenges, notably scalability, limiting its potential for large-scale applications.

MetaBitcoin: A Solution for Bitcoin Scalability

To address this critical issue, the MetaID protocol has proposed a Bitcoin scaling solution called MetaBitcoin. This solution centers on the BTC chain and allows dynamic linkage to other Bitcoin isomorphic chains, creating a dynamic and infinitely expandable Bitcoin isomorphic network. Based on the MetaID protocol, developers can build Web3 applications on the Bitcoin chain, such as on-chain Twitter, on-chain Facebook, on-chain Amazon, and on-chain TikTok.

Bitcoin as the Center of the Bull Market

The current crypto bull market highlights three factors driving Bitcoin’s dominance:

• Bitcoin ETF Inflows: Over $30 billion has entered Bitcoin ETFs, injecting capital that fosters ecosystem innovation.
• Scalability for Large Investments: Bitcoin’s larger market cap attracts institutional investors and large-scale capital.
• Global Recognition: With 82% recognition among crypto users, Bitcoin draws professionals from finance and tech, fueling further innovation.

MetaID’s Infinite Scaling Solution for Bitcoin

To break the isolation within the Bitcoin ecosystem, the MetaID protocol team has proposed a simple and feasible Bitcoin scaling solution: the MetaBitcoin Network (MBN).

MBN is a dynamic, infinitely expandable Bitcoin-homogeneous network centered on the BTC chain, capable of linking other Bitcoin-homogeneous chains. Its goal is to solve Bitcoin’s scalability issue and build a Bitcoin-based Web3 network that serves a global population of 8 billion people.

MBN is not a specific chain or project but a Bitcoin-based Web3 solution comprising existing UTXO public chains and technologies, combined with suitable asset bridges and data rollup solutions. It has several clear advantages:

Compatibility

MBN can support most mainstream UTXO public chains and their replicated chains, including BCH, BSV, and MVC (MicrovisionChain). Each Bitcoin scaling solution can maintain its current development pattern, expanding its own ecosystem without requiring new technical development or migration.

Diversity

Each technical solution brings unique strengths to the Bitcoin ecosystem. For example:

Lightning Network enables fast, low-cost payments through bidirectional channels, and MBN enhances these benefits by connecting directly to it.

MVC’s MetaContract framework improves contract execution speed and network TPS, supporting high-frequency Web3 applications like games and social networks, which can be integrated into Bitcoin via MBN.

How MBN Will Transform the Bitcoin Ecosystem

On the user side, Bitcoin holders will gain access to a more dynamic, efficient ecosystem, interacting with Bitcoin Layer 2 solutions and sidechains directly, without needing complex tools. They can also use their Bitcoins in innovative ways to earn higher returns.

For developers, MBN enables fast deployment of networks using the MVC framework, allowing them to focus on business needs rather than foundational work. Developers can deploy sidechains that leverage Bitcoin’s liquidity and user base without complex migrations.

MetaID’s Vision for Decentralized Social Networks

MBN represents one of MetaID’s foundational strategies aimed at achieving Bitcoin scalability. Another significant move is the principle of “applications as the king,” which promotes explosive growth of Web3 applications by facilitating data interoperability between various cross-chain applications using the MetaID protocol.

The large-scale application of the MetaID ecosystem begins with decentralized social networking, starting with the creation of MetaSo, the first decentralized social network built on Bitcoin.

The Structure and Features of MetaSo

The MetaSo network consists of MetaSo nodes, where each node is a decentralized social media application. Data is stored entirely on-chain, ensuring immutability, user ownership, and permanent preservation. MetaSo nodes are interconnected, enabling seamless data sharing across the network. Built on Bitcoin or its sidechains, this system eliminates the possibility of data tampering or deletion.

Developers and users can deploy a MetaSo node within 30 minutes to become part of the decentralized ecosystem and earn corresponding rewards. According to MetaSo’s official website, it is set to become the first fully decentralized, independent social network on Bitcoin, where users no longer need to worry about the closure of applications or the deletion of content.

Show.Now is the first node and the first application of the MetaSo network. Its data is interconnected and backed up with the data of other MetaSo nodes. The long-term plan for Show.Now is to become a decentralized OnlyFans on-chain, integrating various NFT and token use cases based on user needs.

In fact, the aforementioned MetaSo and ShowNow functionalities are not isolated; they are part of the larger MetaID and MVC ecosystem. By leveraging traffic as an entry point, they attract millions of users into the entire ecosystem, also bringing more incremental users to other projects.

For example, the MetaSo network supports several Bitcoin network asset protocols (including Ordinals, BRC20, MRC20, etc.), and these assets require wallets as storage mediums. Users must use the Metalet wallet to access ShowNow in the early stages.

According to the official documentation, all images and videos on MetaSo/ShowNow are stored by default on the MVC sidechain. The official team will airdrop a certain amount of SPACE coins to all ShowNow users, allowing them to freely obtain SPACE at the beginning and use ShowNow seamlessly without prior knowledge of MVC. Users only need BTC assets to enjoy the benefits brought by the Bitcoin sidechain without any additional effort.

Conclusion: A Billion-Dollar Web3 Ecosystem on Bitcoin

The Bitcoin ecosystem is gaining increasing attention, with more traditional developers joining the space. The emergence of a large-scale Web3 solution on Bitcoin is one of the most exciting narratives in the industry. MetaID’s goal is to build an open, permissionless Web3 world on Bitcoin that can support billions of users.

It’s worth noting that MBN currently lacks venture capital funding and project tokens, with all value concentrated in the MVC sidechain. The native gas, SPACE, has a circulating market cap of just $6.2 million and an FDV of $24 million, offering significant growth potential compared to competitors like Fractal Bitcoin.

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