 Hi everyone, I'm Giovanni. Welcome to another Coin Telegraph AMA show. Today, I have the pleasure to be joined by Phantom Seoku Yun, founder and CEO of Sovereign Wallet and Cesar Bashir Brahim, CSO of Sovereign Wallet. Today, we're going to talk about the Metamui Identity-Based Blockchain, developed by Sovereign Wallet Network, SWN Global and the University of Southern California. How are you doing, guys, today? Good. Thank you very much for hosting, Amy. It's wonderful to be here. Thank you so much. Great to be here. A pleasure. So before we start with the questions, I would like to address our audience. So this is an interactive show, guys, so don't hesitate to ask the questions that come to your mind about this very interesting project. Write them down in the chat and I will ask them directly to our guests. So, yeah, and also don't forget to like and subscribe to the video. Okay, let's get started with your project, guys. So you claim to have redesigned blockchain technology, creating the first fourth generation blockchain. So what's so innovative about this Metamui Blockchain? Phantom, you want to start? Thank you. Metamui provides the answers to two, two dilemmas in the blockchain design and CVDC design. Blockchain-designed two dilemmas is popularized by the Vitalik Buterin of Ethereum Foundation, saying that decentralization, scalability, and security cannot be achieved at the same time. To solve these three lemma, we need to understand the very fundamental nature of the blockchain itself. Many believe that blockchain is decentralized, but actually it is not. Of course, everybody knows that blockchain is structurally decentralized, but if you look at the different angle from an operational point of view, it is very centralized and serialized. In the blockchain, every node is one single virtual node and it can only process the transaction one by one. This means if someone is buying a copy in one store, other people in another store have to wait for this transaction to be finished, and then they can buy coffee in order. This is the fundamental design problem of blockchain. Metamui is the first blockchain to come up with an architecture that can process a transaction in parallel and independently. This means if we add more and more nodes to process the transaction, we can achieve almost unlimited scalability. Along this line of thinking, Metamui achieved a true peer-to-peer data cache mechanism. Blockchain didn't eliminate the middleman. On the contrary, it introduced multiple middlemen and it required the consensus to transfer the cache by achieving direct peer-to-peer payment without requiring the consensus or reference to the database in the central server. Metamui can achieve the fastest transfer of funds among all other payment solutions, achieving more than one million transactions per second. Metamui also solved the three lemma in the CVDC design, saying that identity, privacy, and programmability cannot be achieved at the same time. Metamui is a self-sovereign identity-based meta blockchain. As you know, self-sovereign identity is the identity mechanism that can achieve the highest degree of privacy protection. Therefore, Metamui achieved an identity-based mechanism for legal compliance and while at the same time achieving a high degree of privacy protection. Unlike many other blockchain where transaction data is open to the public, Metamui performs zero-knowledge encryption of transaction data for financial privacy protection. With the help of decentralized operation of chain calls, we were able to implement a decentralized machine learning algorithm to learn about user's data while not requiring all the financial big data to be gathered and stored in a single central location. Okay, thanks, Phantom. That was a great introduction to your project. It sounds very interesting to me to hear that you have singled out a solution for this blockchain three lemma and it's also very interesting for people to know that blockchain has still some rooms to improve as a technology. Also, you mentioned the fact that you mentioned the very important problem of scalability, which it seems that in your project was solved and you seem to provide any very interesting solution for that issue. I think we already have some questions from our audience here. It's a co-adam who is asking what is the expected growth of Metamui in the future? I guess this is a pretty broad question, but maybe Cesar wants to reply to that one. You're mute. So in fact, it's a broad question, but we can highlight that the company had a future plan and we can answer this question when we speak about the different partnership of the company and the future extent. But for now, what we can see is that the technology is gaining more and more insights from different potential partners and from different institutions around the world and we are hoping for a bright future for the company. For sure. And also, we're going to talk about it a bit later. So future prospects, future developments, stay tuned, stay with us. And Cesar is going to tell us everything about how the project is going to evolve in the next months. Also, I think we can talk now about your team, your team, because every successful project has a very strong team behind that it can count on. So people are very interested in knowing who is behind a specific project in order to bet on its success. So could you introduce the core team members of Metamui? They seem to be quite experienced people. So can you get us some examples of who is working on your project? Probably Cesar wants to reply to that one. Okay. So the company has two founders. Phantom is here. Phantom is a graduate from the University of Southern California. And he is one of the top IT security experts in Korea. His products are now widely used with many global corporations as well as governments around the world. So the running mate of Phantom is Dr. Francis Kim. And she is also a graduate from the University of Southern California. She's also had a large experience on working with the big corporation in Korea and abroad. When it comes to myself, I'm an expert in innovation and also an ecosystem builder. So I also have a broad experience from the Nordics, from Europe, and in the Middle East also. I had some experience. So when it comes to our team, we have today, we can say that the company is present in almost six countries. The hot car is in Singapore. Officers in Korea, Uzbekistan, Estonia, Sweden, and a developer team of more than 20 engineers in blockchain are based in India. We are on the process of recruiting and acquiring more and more talented. The team is growing too fast and we are expecting to be reaching a wider development team. I would like also to mention that the results of that is the results also of joining partnership in research with the University of Southern California with the school of engineering and sovereign wallet company. So the research partnership started in 2018, but it's back to almost 20 years because Phantom is a graduate of the University of Southern California. His back then supervisor was one of the main pillars in the digital payments of Professor Clifford Newman and this is what led to the redesign of blockchain and the development of MetaMu. Thank you Cesar. So yeah, if anyone has other questions regarding the component of the sovereign wallet team and the team working on the MetaMu blockchain, please write them in the chat and we're going to reply to them. Also anyone who is interested in knowing more about this tree lemma, the tree lemma that blockchain suffers, the blockchain dilemma which is about identity, privacy and programmability. So these three components sometimes basically need to find a balance in order to make the blockchain effective. So just to reassure the audience I see that many are keen to read about the roadmap. Be patient. We are going to reveal that shortly in the interview. So be patient. Yeah, yeah, of course. I was about to address that as well. So if for anyone interested in knowing what's going on in the future, please stick with us until the end of the MA and we're going to solve all those interesting questions that you have. So now we can move on with the following question. So one of the main use cases of the MetaMu network is the creation of central bank digital currencies or CBDCs. So there are a lot of other projects now in the world working on this technology. So I was wondering what advantage does your CBDC technology which is a permission public MetaMu blockchain offer compared to other solutions? Probably Phantom wants to reply to that one. Yeah, sure. So MetaMu network is the permissioned public blockchain network. This sovereign online network is building with central banks, commercial banks, financial institutes and other blockchain companies around the world. With MetaMu, each government does not need to build their own pro prior to a CBDC platform. They can just publish their sovereign digital currency on MetaMu. Publishing the currency in the MetaMu does not require complex smart contract programming. Impact in most cases, many small and micro nations, local governments and corporate entities would publish their digital currencies and tokens without any kind of customization. In this case, there is no programming involved. You can think of it as a cloud service platform for CBDC publication and asset tokenization. Wow, that's pretty interesting. It's the first time that I hear about a CBDC platform where multiple governments can decide to build their CBDC on. So that's a very interesting idea. Let's see if people here have some more questions. Please don't hesitate to write them in the chat. We are talking about CBDCs. CBDCs are at the center of the attention of many governments right now. They want to create their own digital currency. We have China. We have seen the US also is working on the idea of creating a digital dollar. So who knows? Maybe some of those CBDCs in the future will be built on the MetaMu network. Let's keep a focus on that. So moving on, regarding transaction speed, because I heard that your MetaMu network is very fast. MetaMu can allegedly offer better performances than most centralized systems, including credit card processing systems. So how can you achieve such a high transaction speed with your technology? Phantom. Sure, Giovanni. So Satoshi Nakamoto mentioned in his Bitcoin paper saying that he implemented peer-to-peer electronic cash. However, because of consensus protocol, blockchain payment requires many of the middlemen to mediate the payments. It requires lots of data sharing and networking. In MetaMu, we have implemented the true peer-to-peer digital cash payment system. Since data itself has become the money and the value of our asset, it doesn't require consensus nor the reference to the database in the centralized system. Therefore, we can perform the payment in a peer-to-peer way. And since it's a direct transaction between two counterparties, it is the fastest transaction theoretically possible. In the ideal scenario, we can achieve more than 1 million transactions per second. Also, since it is a peer-to-peer independent transaction, we can achieve unlimited scalability by adding more nodes to process the transaction. Awesome. That was very interesting. So if anyone in the chat has some technical curiosity about how this network can process so fast transactions, please don't hesitate to write them in the chat. And the phantom here is going to reply to all of them. So we are dealing now with the technology that seems to promise very high transaction speeds. So if anyone is interested in CBDCs, please just don't hesitate to write the question in the chat. We're going to ask our experts and they will answer for us. So let's see if we have some questions in the chat. No, not yet. So I guess we can move on with the following questions. So now we have been going through some technical issues of MetaMUI, but now our audience maybe is wondering what is the actual real problem that the MetaMUI blockchain is aiming to solve? So what are the main use cases of MetaMUI besides the CBDC one that you just mentioned? Sure, Giovanni. So cryptocurrencies and blockchains are originally designed by the cyberpunks and they choose the specific design choices to achieve a high degree of privacy. However, many of these design choices are directly against the regulatory framework of the conventional banking system. This hinders the wide adoption of blockchain to the financial system. By inventing identity-based blockchain, we are breaching this gap between the blockchain world and the traditional financial system. Since MetaMUI is an identity-based system, we can build a fully compliant financial application on top of it. We are targeting the state-of-the-art CBDC, a central bank digital currency, CBDC system that is blockchain-based. One positive side effect of having an identity-based blockchain is that we can bind the ownership of the asset to the identity of the user instead of the private key that most of the blockchain uses. In the financial system, we cannot let the user lose all his or her asset if they lost the private key or someone stole the private key. Please think about the scenario when your parents have so many digital assets and passed away without telling you the private key information. In the MetaMUI, you can inherit your parents' digital assets after proper identity verification and court order. That's a very curious system because everybody usually is concerned about the possibility of losing one's own private keys because that's pretty much the trade-off. Most of the time, it's the trade-off of owning your own money, your own cryptocurrency. You need to be careful of your private keys unless otherwise you're going to lose your Bitcoin, your cryptocurrencies. But apparently MetaMUI blockchain is offering a solution to that, which is great. Although it sounds that basically the MetaMUI blockchain seems to be quite different from a traditional blockchain. Do you think that there should be another name? Maybe it's not a blockchain anymore? This is my personal curiosity. Can we call the MetaMUI system still a blockchain even if it's so different from traditional blockchains? One of the terminology that we are using is a Meta blockchain. Instead of just a blockchain, we say that this is a Meta blockchain. They can generate another blockchain and then they can create virtual blockchain inside one blockchain. Another terminology that we are using is the first generation. Unlike first and second and third generation, we are listening about the basic problems in the blockchain, like this ownership of the asset and then the structure and scalability. In terms of the scalability, we are considering scalability in three different criteria. Data scalability and network scalability and computational scalability. To achieve real scalability, we need to have the scalability in three different areas. For example, in the data scalability, as you know, then in the blockchain, you have to store the information forever and then ever-growing amount of data. Everybody can expect that on some day, the data will be exploited. Then we need to do something about it. We have to manage the data like a traditional banking system and also the network scalability. If there is too many data and we need to submit too much data to be shared, then if there is too many consensus and the complex system, we can process things independently. We have this network scalability problem. More important one is computational scalability problem. This is not really much seen, because we didn't fully implement this programmable money feature of the blockchain yet. In the future, if you have an IoT device, we are going to have an enormous amount of small transactions. Then many of the smart contract codes and chain codes should be applied to many different data, individual personal data or very small data. Then we require enormous amount of computational power. Since the smart contract is run in the centralized virtual network, you can process everything in parallel independently. You have to have super computing power to really implement this programmable money feature. Personalize some taxation and all these things require enormous amount of power. One of the ways to solve this one is that we truly decentralized operation or distribute the operation so that we can run the smart contract on the edge of the system. That means on users' smartphone rather than on the network so that we can achieve truly high-list scalability. So we don't have a much name, but on the community, one of the supporters and then users then call us the Ethereum in the CVDC. But we are starting with the CVDC platform, but we're going to extend our platform to not only just the CVDC, but we have many stories to tell about NFT space and other tokenized assets. So we can tokenize a lot of assets and then we can build a digital stuff on top of it. So we are building many capabilities and then I hope someday someone will name us what we are actually doing later on. Awesome, that's fascinating. This concept of being the Ethereum of CVDCs. So an open platform where governments can build their own central bank digital currencies in the same way as many companies build their own projects on the Ethereum network. So that's quite fascinating and I like also this name, the meta blockchain. So guys, as we were explaining before, we are, our guests, are trying to solve some of the fundamentals problem affecting today's blockchain and build the meta multi blockchain, which is a meta blockchain. They have very interesting solutions. Please write down your questions and we're going to ask them. I already see some coming up in the chat. So someone is asking about a wallet. So I guess that you, we're going to talk about it later, but you also have a native token, right? So I guess that you also have a wallet where you can store it. Yes, we have the Metamui is a blockchain and technology name and also the token and then coin name. So we have a native token called Metamui and then so Metamui comes up with not only just Metamui mainnet, but also we provide Metamui wallet that people can use to store the not only just Metamui, but also many of the CVDCs that will be published on Metamui network will be stored on this wallet and then this will become an ultimate ownership proof and then ownership store of many different assets. So not only just CVDCs and digital currencies and tokenized securities like digital stuff, and in the future maybe some of the value of NFTs. So this will be the one of the universal wallet that ownership is actually binding to the user. So that just like in the banking system, if you forget about your password or if you lost your device, then you can identify yourself and verify your identity and then we can reset and restore your valuable assets. Awesome. So I guess that you also replied to one other question that I see in the chat, which is about other types of coins that are going to be added to that wallet. So maybe you want to just clarify that small point just very quickly about other coins. You mentioned stable coins will be added to the wallet too, right? Yes. So one of our main target market is the hybrid CVDC. So stable coin not published by the private entity. I mean we could add a stable coin published by the private entity like USD Tether or USD coins. But our main target for Metamui wallet is hybrid CVDC that stable coin published by the traditional financial entity like a bank, so that it could be the collateral asset. I mean so hybrid CVDC is the CVDC stable coin published by this commercial bank or even the central bank. Then what is difference between the stable coin published by private sector is that this hybrid CVDC will be fully 100 collateral light 100% backed by the rear fiat currency like dollar or euro or other sovereign currencies. So this could be one major difference and then our specific target for Metamui wallet is for hybrid CVDC. Awesome, that's very interesting. I think that CVDCs are for sure at the center of people's attention today and not only people but also governments around the world. So but I would like to our audience to understand that here we're not talking just about CVDCs. So now we're going to talk about also another important component of this technology which is NFTs. So you mentioned NFTs among the use cases of your Metamui platform. So why do you think we need to bind the NFT ownership of an asset to the identity of the person? Sure, so NFT is the one and only the unreplaceable asset that you own. Please imagine that you lost your private key and you lost the NFT that you bought at a very high price. This is a more miserable situation than losing your own money. In Metamui, since we bind the ownership of the asset to the identity of the user, not to the private key, we can reset the private key and you can gain control of your valuable NFTs even if you lost your private key. In my opinion, this identity-based ownership is a wonderful contribution to the blockchain and digital art space. Since Metamui NFT platform is identity-based, we can provide verifiable credentials of the original creator of the digital art. It prevents fraud-seller cases. Please note that since the Metamui identity mechanism is self-submarine identity, we don't reveal the user's identities. Each user is in control of their identity information and they can make a decision whether to present the private information or not. Metamui does not store any kind of user's information on blockchain either, so it is a GDPR compliance system. Thanks. I think that was a very important point because a lot of our audience care very much about privacy, so it's important to know that on your system, they will be given the possibility to keep their data private. Despite using the advantages of this identity-based system for NFTs. So that's very interesting. We have another question here from Joshua H. He's asking, I heard that Riksbank from Sweden is doing e-corona projects. What is the technical approach difference between, how is the technical approach different between Riksbank and your company? So Riksbank is the national bank of Sweden and this e-corona project. So maybe you are based in Sweden, so I guess you are qualified. Sweden was one of the leading countries when the CBDC debates started so back to 2018. Nowadays Sweden is mostly a cashless society with almost 85% of financial transaction are done by mobile phone and this is the plan for the Swedish government to drop the cash and only focus on digital and that was the main motivation behind the e-corona project. So the Swedish Central Bank or Riksbank has published their report for the first pilot on March this year and then there is some issues that are still unsolved. Those issues, among them there was offline payments, there was most of the safety and the security of the data of the users and also on the keep the centralization of the printing money or publishing money. So one of the many features of Meet and We blockchain are solving in fact those issues that the Riksbank report mentioned. Also other countries are following the same thing for Sweden because it is one oriented approach and in Meet and We are we are not like imposing people to use the technology because we are calling for debates for to find alternatives and increase awareness for policymakers to find alternatives for technology. So mainly for the Swedish e-corona project it was a technical issue that couldn't solve many of the CBDCs issues and here Meet and We is trying to position itself as a saver and solve those issues and to prevent following the same path that Swedish e-corona is doing we try to approach other governments and try to educate them of the possibility of Meet and We as an alternative to solve the CBDC issues. Awesome, thanks Cesar. So yeah I'm very curious to hear in a little bit what other partnership have you have secured if you have some projects going on with some governments about issuing CBDCs on the Meet and We blockchain. So stay tuned for that. We're gonna get there soon. So first I would like to ask you another question now. So it's about the consensus protocol that is established on the MetaMoe blockchain. So how does that consensus protocol work and how is MetaMoe's Metacoin differ from the Ethereum ERC20 token? Sure. First of all MetaMoe does not require complex smart contract programming to publish the digital tokens. You can use pre-built chain code libraries to publish the digital tokens instantly. This will reduce the cost and error in publishing the token. One of the major problems in current blockchain is that very valuable token data and test token data are stored in a single monosmic blockchain. This kind of garbage data creates lots of problems in other blockchain networks. In MetaMoe the publisher have to pay the MetaMoe network to publish the token. However, since it is a paid premium service, published tokens can have their own ledger. Since each token has its own ledger and Genesis block, we can selectively delete the ledger if we no longer need the token or the publisher didn't pay the usage fees. In my opinion, having a blockchain system that has to store the information forever with a tiny publication fee is not a good economic model. MetaMoe has redesigned the token economic model so that blockchain network is more sustainable for the future. Especially if you consider the blockchain system that requires an enormous amount of data storage in the case of NFTs, etc. We need a blockchain system that has a good token economic model that you can trust is a good distance in the future. Okay, cool. That was a very interesting explanation. Actually, it's very interesting for me this concept of being able to delete selectively some of the ledgers that you have registered on this system. I was just wondering how does the decisional process work in that case? How could you reassure a government that suddenly their own ledger is not available anymore on your blockchain? How would that work in terms of decision making in that case? MetaMoe network itself is a collectively service provider to this government to publish the CVDC. Once the government publishes their CVDC, they are in full control. But also having a full control, meaning they have to be responsible for providing paying to the service fee to the net operator of this MetaMoe network. And then if they guarantee this kind of service fees being paid, then the MetaMoe network operators they provide a guarantee of the existence of this blockchain ledger and the system. So this is a better token economic model. So if you think about other public systems that one day they have an enormous amount of data and then no one can handle this data and then just suddenly blow up. So instead of having not so correct economic model, we are specifically designed the economic model that guarantees the survivability of this valuable data. So not only just CVDC data, but if you think about NFT data and NFT data, not only the token is important, but actually the art data itself, the existence of art data itself is also very important. But if someone is receiving very tiny amount of money and then maintain this huge amount of data forever, then this does not make sense. I mean this person may not be responsible for maintaining this data because they cannot have money for maintaining this data forever. So I redesigned the token economic model so that the blockchain network and then the users of this network all be beneficial and then it will be much more fair economic model for everybody involved in. So in Metamwin network, we have specifically worked on designing the mobile nodes. So not only the big network operator is involved in running this network, but some of the average user with a very limited resources, they can participate in running the network and then they can benefit, get a proper share of this profit and then business that we are learning together. So this is a more decentralized economic model that I'm thinking of and then designing. Awesome. So I hope now it's more clear for the audience how this system would work, but in case you still have some doubts about how the Metamwin blockchain aims to revolutionize the world of CBDCs and NFTs and blockchain in general, just write down your question in the chat. I'm going to ask immediately our guests about it. So guys, I'm very excited now to get to the actual point where we talk about your next moves and the partnerships that you have been securing so far. So I'm very curious, what are the partnerships that have you secured so far? Cesar, you want to reply? Thank you so much, Giovanni. So always when it is about new technology, it's about educating people. It's about explaining your points of view in solving actual problems. So this is the main concept for sovereign wireless and for Metamwin. We are trying to build an ecosystem around the technology in order to educate people, show them the feasibility of the features of the technology and its capability of solving a CBDC problem. And building this ecosystem is at the heart of the philosophy of the company. Today, we can proudly say that we concluded so far very, very interesting partnership. I named a few of them. We are an official partner and member of the Office, the Official Monetary and Financial Institution Forum through the Digital Monetary Institute, DMI. And for people from policy making and from the financial sector, OMFIF is one of the leading points of contact that gather central banks around the world and more than 2,000 financial institutions around the world. So being a member of OMFIF allows us at sovereign wireless to promote and empower Metamwin technology and reach wider public. Another strategic partnership that sovereign wireless has concluded is with the Nordic Blockchain Association, one of the most vibrant blockchain network in Europe with more than 3,000 experts in the blockchain technology. And once again, those people are leverage for the company and they are the ones who can vehicle the message to policy makers and to bankers and to central banks around the world. Another strategic also partnership and membership is with the Digital Euro Association. It is one of the leading associations now that's working on the Digital Euro Initiative. This means that all the EU or the Eurozone country members are working now on a Digital Euro Initiative and the efforts led by the Euro Digital Association would help in clarifying the thoughts and the research toward this purpose. Other partnerships are to be announced soon and we are working in every country we are trying to target to support local people and experts in the field to be our partners and to drive pilot projects locally alongside with us. We can say that through the past four to six months we had increasingly reached several countries in order to start pilot projects. I name just the regions. For example, we have a very advanced talk with countries from Northern Europe, from the Middle East, from Central Asia, from Africa and CBDC pilot projects should be announced after summer at maximum. This is the way that we see that growing the awareness within the community and within policy makers regarding solving the issues of CBDCs. It is the main focus for Sovereign Wallet to educate and to show our technology as an alternative that could solve different CBDC issues and essentially the CBDC design to limit that Phantom was talking earlier about it. So we are excited about where we are now and what we are trying to reach. So our main philosophy is we are trying to build the internet of sovereign digital currencies and this is what about the subjects of today is to try to enable countries through the metam with technology to issue the CBDCs with the most advanced safety and security when it comes to issuing digital currencies for every country. Thanks Cesar. So that was a lot that there is a lot of meat here so we have a lot of partnerships going on and also yeah a lot of countries around the world very very much interested in the CBDC technology. Personally I heard about projects going on in Singapore, we got projects going on in China, US and many more countries. I guess and Metamui is doing projects also around the world on this technology. So just to clarify a little bit where do you stand in terms of roadmap and where what do you hope to achieve in the upcoming months if you can shortly summarize where are you in terms of like developing your technology is that technology is already available and in terms of technological advancement where do you hope to see this technology in a few months from now? I don't know maybe use Cesar one too. Okay. Thank you. Thank you Giovanni once again. So we are ready to deploy our technology and we are aiming that at the end of this year that the full features of Metamui technology will be ready through the CBDC platform that we are building now and every country that's willing to issue CBDC will just connect to the platform and engage all the process, test the technology, test the features and run pilot projects. So for this year we have three major target objectives regarding CBDCs. The first one is to build the CBDC platform that will include three main CBDC pillars. The first one is the cross border CBDC that will enable cross countries financial transfer and inside countries financial transfer. The second thing objective is the whole state CBDC and it will be launched at the second half of this year and so who say CBDC is the CBDC related to central banks and in the fourth quarter of this year we are aiming to launch the retail CBDC and this is the way how commercial banks are interacting together when it comes to issuing central bank digital currencies. So in the final round we see that our CBDC platform at the end of the year will be ready and we will celebrate on January 3rd exactly one year after the launch of the mainnet, the meetup we mainnet. It is January 3rd and this date is reflecting something on the blockchain sphere. It is the same day that Bitcoin launched in 2009 and then in 2020 first through Meetup we redesigned the blockchain and we are proclaiming our set the fourth generation of blockchain. So after one year anniversary we will see that our CBDC platform is up and running and many pilot projects across many countries are also ready to deploy and operational and in the other side as Fenton mentioned that Meetup with technology is not only a CBDC or FinTech oriented platform it is also an innovation platform and for next year we are planning to do more innovative and disruptive inputs into the crypto space. We are willing to host the immigration of many of the crypto tokens including stablecoins to the Metamuay platform so the users will enjoy a zero transaction fees feature on our Metamuay while also our project team will enjoy the easy way to secure and protect the publication of crypto tokens. On the blockchain and the crypto arena we are getting more and more attention and Cointelegraph is one of the leading crypto and Coim media. They are now recognizing our high tech technology and the products and they are together with them we are driving an important marketing campaign to promote our Metamuay technology. Thank you Cesar so I see that we have we have an answer we have a question from the from the from the audience so how do you compare to Ripple XRP so I'm not sure you can actually draw a comparison between your two technologies but maybe you can Fenton yeah one of them I mean Ripple is tiring for cross-border CBDC so one of the typical use case for Ripple is that they typical design is that they're using the settlement coin in this case Ripple has become a settlement coin so if you have about two countries sending the money to each other then one country's national currency have to convert to the Ripple XRP and then the receiving in the receiving country they have to convert back to the their own national currency so in this typical scenario we need two money transfer I mean two money exchange is required but in Metamuay CBDC we are innovating in this cross-border CBDC domain and then we are experimenting we have developed one of the first atomic swap between two different blockchains so we've been tested in the last year about convergence direct exchange between Bitcoin and Ethereum last year and then we implemented this system last year temporarily shortly but what we are really going to do is that direct sovereign currency to sovereign currency transfer so that in the future without going through this settlement coin or the intermediate three coins the people in two different countries can directly send and receive and exchange money each other so we can enable the direct sovereign currency to sovereign currency transfer so this is one of our main differences awesome I think this concept of interoperability between different CBDCs is something fascinating and something that probably will be central in how this technology will develop in the future so before we wrap things up I would like to ask you Phantom if you have anything to add regarding the future milestones do you have any additional information you would like our audience to know about what are the future milestones of your project will be? Yes so we launched the Metamuay mainnet on January 3rd this year and we successfully upgraded the mainnet version two last month so Metamuay is one of one of first upgradeable blockchain both in the blockchain mainnet point of view and also the chain code blockchain application programming code also can be upgraded so Metamuay will continuously upgrade its capability with its upgradability in both blockchain mainnet and various chain codes on Metamuay we plan to make Metamuay the best platform to publish CBDCs tokenized securities and NFTs lastly I'd like to thank every sovereign owner of Metamuay for their continued support and our partners worldwide for their partnership in this journey together thank you very much for watching this Metamuay AMA. Awesome thank you Phantom so I think that's by now our audience have a pretty good understanding of what Metamuay is trying to achieve so we're talking about we're talking about a meta blockchain that is aiming at solving some of the fundamental problems of the blockchain technology and this technology is a Metamuay technology is applicable to NFTs CBDCs and also other aspects of blockchain but if you want to know more information about this project don't hesitate to check the website which is sovereignwallets.network the link is in the description below so thank you Phantom and Cesar to join the conversation today it was awesome to talk to you thank you so much it's a pleasure to join you thank you Giovanni for animating this AMA and thank you also coming to Allegra for this support through promoting us thank you for sure and thank you thank you very much audience for following us I'm Giovanni