One-stop experience in the Metaverse, how does Vcity build a cross-chain social dream factory?

Author: Nancy, PANews

The popularization of Web3+ metaverse is accelerating the evolution of the digital economy towards personalization, openness, and high interactivity. This transformation is not just limited to the technical level, but deeply penetrates into diversified scenarios such as social interaction, finance, and gaming, promoting the integration and innovation in these fields. Especially for Generation Z, as “digital natives,” their natural proficiency with digital tools and sharp insights have led their expectations for the virtual world to go beyond simple functionality, instead pursuing a new experience that is immersive, experiential, and highly interactive.

In line with this trend, the cross-chain social finance metaverse Vcity uses the metaverse as a carrier, allowing for more freedom in individual identity expression and value propositions, while also enriching the interactive experience and sense of participation in the digital economy through a multi-module ecological application scenario strategy.

Breaking through user growth, parallel applications in multiple scenarios and incentive mechanisms.

At present, as the problems of data abuse, privacy leakage, and imbalance in the distribution of benefits brought about by the traditional centralized Internet model become increasingly prominent, users’ demand for autonomous, secure, and transparent digital experiences is increasing day by day. This trend provides a deep driving force for the rise of Web3 in the digital economy. With its core features such as decentralization, data privacy protection, incentive mechanism design, and cross-chain interoperability, Web3 has opened a comprehensive innovation from technical architecture to business model. As an ideal carrier of Web3, the metaverse further maps real-world economic activities to the virtual space, bringing users a better sense of immersion and participation. Whether it is financial transactions, social interactions, or entertainment activities, they are all endowed with stronger scenario-based and visual features in the metaverse, which not only enriches the user experience, but also expands more possibilities for the business model of the digital economy.

Despite the strong narrative power of Web3 and the Metaverse, there are significant challenges in attracting traditional internet users to migrate. For the vast majority of users who are accustomed to the convenience, low barriers, and high user experience of centralized platforms, the decentralized features, although appealing in theory, often come with steep learning curves, complex technical barriers, and unstable user experiences in practice. Issues such as wallet management, private key storage, and Gas fees can deter ordinary users. Additionally, the Web3 ecosystem is still in its early stages, and the richness and maturity of application scenarios are still lacking compared to traditional internet, making it difficult to achieve large-scale user conversion quickly. In the past, a large influx of capital once inflated the valuations of Metaverse projects, leading to a surge in market enthusiasm. However, as the hype has dramatically faded, many projects have gradually cooled down or even faced closure due to a lack of sustainable business models and a solid user base.

In order to meet these challenges and attract more users, City 5 has introduced a variety of application scenarios and economic incentives. In terms of application scenarios, Vcity integrates multi-field applications such as metaverse, streaming media, social networking, education, and NFT. For example, V-Meta can provide virtual social, virtual business, and cross-border integration scenarios to build immersive experiences for users. V-Shared supports enterprise live streaming, education and training, entertainment interaction and other scenarios, provides decentralized audio and video production and distribution services, and has the characteristics of no intermediaries, users can independently control content and revenue distribution, V-Coco realizes instant messaging and community interaction between users, and ensures data privacy and security. V-Academy provides Web3 knowledge training and skill improvement to help users integrate into the digital economy. V-Dmart is a decentralized trading platform for digital goods and services, allowing users to participate in virtual exhibitions and collections, and will support a variety of payment methods; The V-NFT Marketplace supports NFT minting, trading and display, and promotes the popularization of digital art and cultural assets, with more than 8.43 million NFT assets issued and worth more than $100 million. Vcity instant messaging and VoIP social platform that supports users to communicate through voicemail, video calls, text messaging, and multimedia.

In terms of financial incentives, City 5 plans to launch a multi-scenario X To Earn model, where players can earn earnings or rewards in participating products. For example, users can earn money by buying, building, and renting NFT virtual plots, and even landholders can vote on platform policies and developments. Earn tokens by visiting museums (such as exhibitions or large-scale cultural scene events) while gaining access to unique experiences and specific digital assets that are only available to token holders; Users are rewarded with tokens for completing specific learning tasks or courses, etc. In addition, V-DeFi will provide lending, staking, liquidity mining and other services, such as players can use NFT assets to make loans, and enhance asset liquidity, bringing a disintermediated financial experience; V-socialfi allows users to buy and sell social influence NFTs, unlock crypto messages and exclusive content, and earn rewards for posting content, comments, or interactions. Once these incentive models are officially activated, they will effectively build a traffic pool, which in turn will create a loyal community and form a flywheel effect. As of January 2025, City 5 has more than 1.5 million registered users and more than 100,000 daily active users, covering 233 regions around the world.

Of course, to ensure ecological sustainability, Fifth City has implemented a series of measures. For example, its credit system establishes credit profiles for users by recording data such as being muted and violations, promoting healthy ecological development. The credit value system connects users with the platform, enhancing stickiness through a reward mechanism while ensuring data privacy and security.

Strengthen the foundation of infrastructure and adopt a dual economic flywheel.

The importance of infrastructure is self-evident if the metaverse is to achieve diversified application scenarios and attract a broader user base. This not only requires meeting multiple demands such as high concurrency processing capability, low-cost operation, data security, and user autonomy, but also provides a solid foundation for the expansion of the ecosystem. Fifth City lays the groundwork for a sustainable metaverse narrative through technological innovation and the construction of a decentralized identity and wallet system.

Technically, the Fifth City is a modular blockchain framework designed specifically for developers - the Vanguard Protocol. Its modular design, high throughput, and decentralized features ensure the security and scalability of the ecosystem’s operation. In the vision of the metaverse, the primary task of the infrastructure is to support massive numbers of users for simultaneous online and real-time interaction. Imagine a virtual city where millions of users could socialize, trade, or participate in events at the same time, which places extremely high demands on the performance of the underlying blockchain: it must achieve high-concurrency interactions while ensuring low latency and high throughput. The Vanguard Protocol, with its outstanding scalability and low-latency design, can cope with such high-frequency and high-concurrency scenarios with ease. It supports multiple consensus mechanisms (such as PoS and IBFT), effectively optimizing network efficiency to ensure fast transaction confirmations while maintaining the security of decentralization. Whether it is instant trading of virtual goods in the metaverse or real-time updates of user statuses in virtual spaces, the Vanguard Protocol can provide stable and efficient technical support, clearing obstacles for large-scale applications.

At the same time, the infrastructure of the metaverse is not only about performance, but also about providing flexibility and autonomy for users and developers. Vanguard Protocol’s modular architecture allows developers to customize blockchain functions according to specific scenarios, including consensus mechanism, network layer, data storage, etc., and developers can choose the most suitable consensus algorithm according to project needs, making the construction of small virtual communities to large-scale metaverse platforms more efficient. Vanguard Protocol is also fully compatible with the Ethereum Virtual Machine (EVM), supporting the deployment and execution of smart contracts. This compatibility enables developers to easily migrate existing Ethereum projects while taking advantage of the Vanguard Protocol ecosystem. Of course, in order to lower the barrier to entry, Vanguard Protocol provides easy-to-use tools and documentation to help developers quickly launch a blockchain network, and the intuitive configuration options and user-friendly development environment significantly shorten the development cycle. In addition, Vanguard Protocol’s enterprise-level support further makes it a key part of digital infrastructure construction, whether it is a private chain, a consortium chain, or a public chain, Vanguard Protocol can provide customized solutions to meet the needs of diverse industries.

The prosperity of the metaverse economic system relies not only on the improvement of infrastructure but also on decentralized identities and wallets as one of its core pillars. The decentralized identity V-DID is the Web3 virtual digital passport for users of the Fifth City, granting users complete control over their digital identity and breaking the monopoly of traditional centralized platforms on user data. Whether it is cross-platform identity verification or the binding of virtual characters in the metaverse, V-DID ensures users’ identity consistency and security across different scenarios, avoiding the fragmented experience caused by data silos in the traditional internet. For example, in virtual live broadcasts, academies, or NFT transactions in the Fifth City, users do not need to register repeatedly or disclose sensitive information; they can achieve fast authentication simply through V-DID. This feature not only enhances user experience but also clears privacy barriers for the widespread adoption of the metaverse. Meanwhile, the wallet Vallet, a multi-chain asset management and payment tool, enables users to conveniently interact with assets in the metaverse—whether purchasing virtual land, paying service fees, or participating in social tipping, it allows for one-stop operations.

It is worth mentioning that Fifth City adopts a dual-track economic model, which realizes the spiral appreciation of tokens in governance and liquidity through the internal and external circulation mechanism. Among them, decibel (dB), as a utility token in the ecosystem, is a key medium for the circulation and use of various functional modules such as NFT and DeFi to ensure the efficient operation of internal operations. The Vcity token is the core value carrier in the ecosystem, with a total supply of 1 billion tokens, of which 60% is allocated to the incentive pool, 30% to the foundation reserve, and 10% to the market circulation, and the application scenarios include NFT marketplace, social finance, games, etc. In order to ensure transparency and traceability in the use of funds, Fifth City has also introduced a smart contract timelock mechanism. Holders can participate in community rewards, content creation incentives, and developer support through Vcity tokens, as well as participate in platform governance, product construction, and ecosystem expansion, or obtain income distribution and liquidity mining rewards by staking Vcity tokens. In addition, the Vcity token can also be used for NFT trading and metaverse asset interaction. In order to optimize the token economy, Fifth City has also designed to reduce the token supply through halving events and resilience mechanisms to maintain the long-term healthy development of the ecosystem.

Currently, the Fifth City has developed and launched the Alpha version of its mobile and web applications, introduced a testnet, and this year it will also promote the official launch of its public chain, launch a digital museum, enrich token usage scenarios, achieve multi-chain interaction, and expand its ecosystem partner network.

Overall, the one-stop metaverse ecosystem of Fifth City provides users with interactivity and rich digital experiences that surpass traditional internet through diversified application scenarios, innovative economic incentive mechanisms, and robust infrastructure construction, granting users more autonomy and a sense of participation, while further enhancing the liquidity and value creation of digital assets.