What is Openverse?

Openverse is a Layer 0 hub network based on blockchain technology. Building upon existing blockchain frameworks, it introduces the concept of a “fully open protocol-based cross-chain” system. It aims to “make the transfer of value (tokens/NFTs/messages) between different blockchains and the traditional Internet as simple as sending an email. ”

The original concept of Openverse can be traced back to Dr. Bright’s 2014 publication, The Public Currency Issuance Mechanism. In this pioneering work, he introduced the ideas of the Bitcurrency VRC10 Protocol, the Privcurrency VRC11 Protocol, the Bitsecurity VRC12 Protocol, and the PCIM (Public Currency Issuance Mechanism for Competitive Markets). Empowered by these protocols, Openverse Network builds upon existing EVM-compatible blockchains by adding a crucial segment for “the issuance, trading, and payment of Bitcurrency.” As blockchain and Web3.0 technologies continue to evolve, these concepts and designs are being progressively realized within the Openverse Network mainnet and its growing ecosystem.