Metal Arts Company (MTRT)

[FrankF]

final edit: 2021-09-23 21:12 (thu) medium unleashes aggressive move to expand digital territory from high-speed blockchain-based mainnets to digital assets

http://www.tgdaily.co.kr/news/articleView.html?idxno=309464

final edit: 2021-09-23 21:12 (thu) input 2021.06.14 10:20 correction 2021.09.07 11:33

translated to English




MEDIUM (CEO KIM PAN-JONG), A HIGH-SPEED BLOCKCHAIN COMPANY, IS NOT KEEN TO EXPAND ITS DIGITAL TERRITORY. THE TABLE ABOVE SHOWS THE PROJECTS THAT MEDIUM HAS COMPLETED OR IS PURSUING. MEDIUM, WHICH IS SCHEDULED TO OPEN ITS MAINNET BETA VERSION AROUND JULY, IS AGGRESSIVELY WORKING ON LARGE-SCALE PROJECTS THAT INCLUDE RECENTLY ACQUIRED COCKPLAY, A NEW CONCEPT PLATFORM FOR SHARING, COMMUNICATING, AND CONSUMING PEOPLE, OBJECTS, AND SPACE AS INTERMEDIARIES, DIGITAL ASSET OPERATION SOLUTIONS BASED ON THE CRYPTOCURRENCY "MDM", AND KIOSKS THAT ARE SCHEDULED TO BE MASS-DISTRIBUTED TO RESTAURANTS IN GANGNAM.

after completing the sketch, medium is making concrete progress by proceeding with the plan according to its execution strategy. the foundation work to establish medium as a global project is expected to be completed within this year, and the total number of employees who maintained the line of 70 is currently expanding to about 120, and the building of a medium ecosystem based on blockchain and digital assets is in full swing.

competitiveness of medium mainnet projects

THE MAINNET'S BIGGEST COMPETITIVE ADVANTAGE IS BLOCKCHAIN PERFORMANCE. THE MEDIUM MAINNET BASED ON HYPERLEDGER FABRIC IS BUILT AT A SPEED OF AT LEAST 15,000 TPS AND IS UNMATCHED IN PERFORMANCE. BETWEEN 50,000 AND 100,000 TPS ARE ALSO IN SIGHT. GIVEN THAT ETHEREUM 2.0, WHICH IS IN FULL SWING, IS AIMING FOR 10,000 TPS, PERFORMANCE HAS ALREADY SURPASSED ETHEREUM.

based on this performance, medium mainnets can not only handle quick work/payments, but also significantly lower transfer fees. currently, ethereum's transfer fee ranges from at least krw 50,000 to krw 100,000, and medium is between krw 1 and krw 2,000. with its own technology, ethereum-based tokens are also compatible, making it easy to accommodate medium mainnets. in other words, platforms that hold ethereum-based tokens can also benefit from low fees by applying medium's technology.


medium's digital ecosystem

what content do you have?

No matter how high-performing the platform is, it's useless if you don't have content that can attract the public. From the mainnet preparation stage, we're getting some tangible results as we prepare killer content. First of all, it is noticeable that Medium Ltd. HK has acquired the service operation and development rights of Cockplay, which has a large number of domestic and foreign members. The acquisition of Cockplay, which includes games, webtoons, dramas, and other entertainment and shopping, is expected to be an important cornerstone for the successful medium mainnet.

medium is paying attention to game content as a condition of cockplay success. in order to create a diverse and high-quality game lineup, we established a game-related corporation to secure content. the goal is to actively expand the enterprise field and shopping content and turn cockplay into a comprehensive platform.

WE ALSO HAVE HIGH HOPES FOR THE UPCOMING 5G REALISTIC PLATFORM. AS A GATEWAY TO THE DIGITAL WORLD ON REAL-WORLD OBJECTS AND SPACES, AR SNS, AR COMMERCE, AR GAMES, AR 3D MESSAGING, ETC. WILL BE INTRODUCED AS NEW CONCEPT PLATFORMS FOR NEW EXPERIENCES. HE HAS GREAT AMBITIONS TO CREATE A NEW ECOSYSTEM THAT CONNECTS DIGITAL AND REALITY BY PRESENTING THE UNIQUE EXPERIENCE OF METAVERSES IN REALITY OBJECTS AND SPACES.

Kiosks scheduled to be distributed free of charge to Gangnam catering establishments will be an axis of the medium cryptocurrency ecosystem. It is expected that allowing consumers to use various DApp cryptocurrencies around mdm, which is a key currency, will help build a medium digital asset ecosystem, and is aiming to install 1,000 kiosks in a timely manner.

medium digital asset ecosystem

Currently, the cryptocurrency issued by Medium is MDM. It is traded on Probit and Bithumb Global. Medium aims to become a global digital asset platform by establishing a cryptocurrency "KOK" in Cockplay as a base currency for MDM, cryptocurrencies to be used on the Things SNS platform, and various DApp-issued cryptocurrency ecosystems that will be attracted to medium's mainnet in the future.

The strategy is to support the free trading of users using the medium ecosystem by establishing exchanges, while actively utilizing defi to raise the digital asset market. We expect the depay market to expand rapidly if we take advantage of the best blockchain performance. We are also considering ways to support the successful settlement of DApps using the medium mainnet, and if the volume increases with the success of these DApps, we believe that the expansion of the digital asset market pursued by Medium will naturally take place.

WITH THE ADVENT OF NFT FOLLOWING EXISTING CRYPTOCURRENCIES, THE DIGITAL ASSET MARKET IS EXPANDING AT A TREMENDOUS RATE. THE MEDIUM ECOSYSTEM IS ALSO FOCUSING ON THE NFT AND CREATING A MARKET STRATEGY. IF COCKPLAY AND 5G REALISTIC PLATFORMS ARE IN FULL SWING, MANY DIGITAL ASSETS USING NFT WILL BE CREATED AND TRADED. IN CASE THIS HAPPENS, WE ARE ACTIVELY CONSIDERING ESTABLISHING AN EXCHANGE FOR DIGITAL ASSET TRANSACTIONS RELATED TO MEDIUM. OF COURSE, YOU CAN ALSO TRADE USING EXISTING PLATFORMS.

beyond ethereum to worldvestro



ETHEREUM DOMINATES BLOCKCHAIN/CRYPTOCURRENCY PLATFORMS AROUND THE WORLD. IT MAY SOUND A LITTLE RECKLESS, BUT MEDIUM'S GOAL IS TO GO BEYOND ETHEREUM. IT IS IMPORTANT TO NOTE THE PERFORMANCE OF ETHEREUM 2.0, WHICH WILL BE ANNOUNCED IN THE SECOND HALF OF THIS YEAR BY SWITCHING FROM POW TO POS. CURRENTLY, IT IS ANNOUNCING THAT IT WILL RAISE TPS BY 23-26 TO 10,000 TPS. HOWEVER, IT IS ONLY A PLAN, NOT YET REALIZED, AND MUST BE VERIFIED.

SLOW, EXPENSIVE, BUT WITH NO CHOICE BUT ETHEREUM, MEDIUM'S MAINNET HAS AN AMBITIOUS GOAL TO CEMENT ITSELF AS A BETTER REPLACEMENT. MEDIUM'S HIGH-PERFORMANCE BLOCKCHAIN SOLUTION MDL HAS ALREADY BEEN CERTIFIED FOR 14,142 TRANSACTION PROCESSING PERFORMANCE PER SECOND IN BLOCKCHAIN PERFORMANCE TEST CERTIFICATIONS IMPLEMENTED BY THE KOREA TEST CERTIFICATION INSTITUTE (KOTCA). EVEN 50,000 TO 100,000 TPS CAN BE IMPLEMENTED, BUT THIS SPEED IS NOT REQUIRED YET, SO IT IS NOT ACTIVELY DEVELOPED.

medium's solution was successfully applied to the establishment of the korea expressway corporation's national highway mutual settlement system, and it was recognized for its technology in collaboration with leading large companies in korea. china's blockchain company piersafe has also signed a technical cooperation agreement, and has agreed to cooperate in the advancement of trade and financial systems in china and the establishment of a trade finance trading platform between china and china. once the china-china trade and financial trading platform is completed, the amount of money moving through the platform is expected to reach 260 trillion won per year, and the operating revenue is expected to be in trillions.

if the mainnet of medium is successfully settled based on the high-speed blockchain, it is expected that it will be able to quickly dominate the market as if it were a highway ride thereafter. it is not a story that is very absurd because various services such as payment payment that were not realized due to lack of performance can be implemented in real time.

future goals

Medium's past moves have been aimed at building a platform that will capture various services on the basis of blockchain and expanding the market related to digital assets. There are not many startups that can continue to invest in R&D in the blockchain market without sufficient customer experience. Medium's endurance, which has maintained the weight of high-performance core technology since its establishment and is constantly dedicated to R&D, is sufficient to be reliable in the blockchain industry.

medium is committed to making business opportunities and possibilities a reality for the world with robust blockchain-based technology. it is said that it builds a global platform so that customers who use blockchain services can use the service at minimal cost. this is a basic requirement for clustering global services and is consistent with the direction medium is pursuing. the establishment of a consortium network for various partner companies to participate in the completion of the big picture was also an important goal.

kim phan-jong said, "we will need a number of preparations to complete the goals we pursue, but we are gradually creating them, and we will not stop taking any steps until we reach our goals."


[[e-mail] the gamesdale high-status reporter]

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