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The recent Futureverse announcement has raised some important questions from the CENNZnet community. Below is some information to help you understand more about whatâs happening.
The Futureverse is an independent project which aims to provide the tools, infrastructure and world-class content required to build a true open metaverse.
It consists of a few key elements:
You can learn more about the Futureverse vision here: https://www.futureverse.xyz/
CENNZnet is a fully decentralised public blockchain optimised for consumer DApps with an L2 layer that acts as a side chain for Ethereum. CENNZnet was built with the intention to unlock blockchain functionality for all developers and enable highly secure, fast and creative DApp projects to thrive.
We have a few key features:
The Futureverse has forked some of the CENNZnet blockchainâs open-source code in order to create a separate and unique blockchain network: the Root Network. While the Root Network will share some of its foundational source code with CENNZnet, it will be developed in a totally separate directionâââprimarily to help the development of metaverse technology.
Itâs worth pointing out here that forking and using other projectsâ open-source code is a common and highly encouraged practice in the blockchain community. This is how the technology moves and develops so fast and it prevents single corporations from dominating our precious decentralised sphere. CENNZnetâs own code was forked from Substrate.
The Futureverse and CENNZnet are totally separate projects moving in different directions.
CENNZnet: As a mature and now totally community-governed blockchain network, CENNZnet is an exciting opportunity for the future of decentralised development. Using the governance module and native DAO, the token holder community is totally free to determine the direction, growth and vision of the network. The community can choose how to make use of the groundbreaking tech and exciting partnerships that have been built and cultivated over the last 5 years. It is the ultimate decentralised network, ready to begin its most critical chapter.
Futureverse: At this stage, the Futureverse is a concept with a whitepaper. But it has a strong existing community and content ecosystem committed to building with it. This will mean that the Futureverse will quickly become a much larger ecosystem of very successful metaverse projects.
To celebrate the cooperation between CENNZnet and the Root Network, the Root Network is offering CENNZ holders the opportunity to become part of their vision. There will be a one-time 1:1 swap of CENNZ tokens to the Root Networkâs Mycelium token (MYCL). This will allocate up to 10% of the MYCL total, which would equate to the full 1.2bil of CENNZ in circulation.
Token holders can choose to swap their CENNZ for MYCL and join the Futureverse journey, or keep their CENNZ and become the foundational governing community for the CENNZnet network. There is also an in-between choice: swap some of your CENNZ and stay involved with both projects.
CENNZnet is an exciting blockchain network in its own right and has the potential to go far in the hands of a dedicated and visionary community. By holding your CENNZ and staying with CENNZnet you will:
To hold your CENNZ you will not need to do anything.
The Futureverse mission sees the world moving in the direction of the open metaverse and they are positioning themselves to lead the revolution. By swapping to the Root Network you will:
More details coming soon. Please keep checking the CENNZnet Discord channel for updates as they are released.
The Futureverse & CENNZnet was originally published in CENNZnet on Medium, where people are continuing the conversation by highlighting and responding to this story.
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