For the financial industry, DeFi is a very important direction. Because the decentralized operation mode can greatly reduce the cost of financial operation. And in the process of operation, it can eliminate the information asymmetry existing in the industry and make the whole financial industry open and transparent.

Phecda’s main innovation is to build a new generation of DeFi+NFT smart contract underlying protocol, which plays a revolutionary role for global digital financial investment, the way virtual game assets are bought, sold and created, and to create its own Phecda metaverse value world!

What is the Metaverse?

“The word “Metaverse” is composed of the prefix “meta” (meaning “beyond” “meta”) and the root word “verse” (from universe), which translates directly to “metaverse”. The root word comes from Neal Stephenson’s 1992 book “Snow Crash”.

The connotation of “metaverse” is to incorporate the achievements of the information revolution (5G/6G), the Internet revolution (web3.0), the artificial intelligence revolution, and the virtual reality technology revolution including VR, AR, MR, and especially game engines, and to show mankind the possibility of building a holographic digital world parallel to the traditional physical world.

Phecda meta-universe system starts from NFT games, connecting different technology applications together to build an open virtual world.

Phecda’s first metaverse NFT game: Phecda Magic Tower, an interesting NFT + traditional card (matchmaking) fusion game, is a way for gamers to create a community of gamers around PAC-NFT games and build an ecosystem of values about PAC visualization, to fuel the sustainable development of the game, while to meet the needs of all players from all over the world.

Estimated launch date of the game: May 2022.

As the Phecda ecosystem grows, it may make it necessary for Phecda to migrate in the future. We envision the creation of a Tengui chain powered by Tengui coins, which will be a newly designed public blockchain protocol that enables payment transactions globally at negligible cost and time. Because it is intended for a global audience, the Phecda chain will be open source and designed with scalability, security, storage and throughput efficiency, and future resilience as priorities.

Key features include：

• Secure: The RAFT fault-tolerant design makes the Phecda chain more resilient and secure.
• Instant and low cost: Provides instant transaction confirmation and the lowest cost.
• Fair and open source: We welcome any party to join the network and/or contribute to the code development.
• Value system: Build a new generation of metaverse NFT underlying open source protocol based on Phecda smart contracts.

The biggest difference between the Phecda public chain and current technology applications is that we have developed a new programming language for implementing custom transaction logic and the “NFT smart contract protocol” on the Phecda chain. We will use the standard Openzeppelin ERC721 contract as a tool for deploying smart contracts, with the highest priority on asset safety and security, reducing the risk of accidental vulnerabilities, homogenization and abuse.

Phecda’s NFT smart contract protocols include.

① They are unique: each irreplaceable token represents a digital or real-world object, and is unique even if a similar object exists. For example, even if someone “creates” 100 pieces of digital art identical to the NFT, each piece will be tracked separately on the Phecda public chain.

② They are verifiable: the historical ownership of these NFTs is recorded in the Phecda public chain ledger and is visible to everyone. This makes it difficult to “replicate” and relatively simple to prove authenticity.

③ They are tradable: Like other crypto assets, they are tradable, although usually on special exchanges.

We believe that a scalable, sufficiently decentralized, privacy-enabled, multi-ecological Phecda metaverse platform will revolutionize the industry and that Phecda will become the next windfall representing the blockchain industry in the DeFi space.