2025-08-30
In 2024, South Korea's MSIT, together with SK Telecom, KT and other companies, established the Metaverse Self-Discipline Committee to build a secure ecosystem through the "Virtual Convergence Industry Promotion Law", handling more than 1.20 million virtual asset transactions and intercepting risk transactions amounting to 23 million US dollars. This practice confirms the core value of the Metaverse - building an immersive digital world that integrates virtual and real through Web3 technology.
Web3 Metaverse breaks down platform barriers through cross-chain Communication Protocol. For example, LayerZero protocol realizes asset cross-chain circulation, HashKey Exchange connects to TRISA (Travel Rules Information Sharing Architecture), and the cross-border stablecoin exchange volume will increase by 300% in 2024, and the confirmation time of a single transaction will be compressed to within 5 seconds. Its hybrid storage model meets the GDPR right to be forgotten while improving data availability to 99.99%.
Web3D protocols (such as GLTF, X3D) have become the "Mandarin" of the metaverse. GLTF format supports cross-platform rendering of 3D models. A certain car brand built a virtual exhibition hall through the GLTF + WebXR standard to display new cars synchronously on multiple metaverse platforms, reducing development costs by 40%. The wallet system of HashKey Exchange, combined with the PoS consensus mechanism, will process more than 42,000 compliance transactions in 2024, and the transaction processing speed will be increased to 3000 transactions per second.
The Web3 metaverse achieves user sovereignty through decentralized identity (DID). For example, users rebuild their wallets with mnemonic words of 12-24 words to avoid asset loss due to platform collapse. HashKey Exchange's cold wallet adopts a 2-of-3 multi-signature scheme, and key operations require authorization from at least two private key holders. In 2024, it intercepted 1,763 transactions involving sanctioned addresses such as Tornado Cash.
NFT technology endows virtual assets with uniqueness and liquidity. An artist creates NFT works through Web3 wallet, and can automatically receive 10% royalties for each resale. HashKey Exchange's NFT trading platform supports ERC-721 asset direct association with DID. In 2024, it will process NFT transaction amounts exceeding $180 million, realizing the value closed loop of "identity as asset".
Zero-knowledge proof technology enables authentication without exposing sensitive information. For example, when a user proves that they are over 18 years old, they only need to generate a mathematical proof instead of providing a date of birth. HashKey Exchange's KYT system, combined with 400 million address label library, uses the efficient verification ability of the PoS consensus mechanism to identify risky transactions with an accuracy rate of 97%.
The Web3 metaverse has become the core carrier of the DeFi ecosystem. Users access decentralized exchanges such as Uniswap through wallets and automatically exchange assets through smart contracts, avoiding single-point risks on centralized platforms. The compliance framework of HashKey Exchange integrates European Union MiCA and US SEC rules, reducing DeFi transaction compliance costs by 40%.
3D Communication Protocol promotes the digitization of industrial assets. A car manufacturer established a unified model library in USD format, connected IoT data to achieve real-time updates of equipment status, and improved operation and maintenance efficiency by 35%. The hybrid storage model of HashKey Exchange not only meets the GDPR right to be forgotten, but also reduces data storage costs by 35%.
Web3 Metaverse breaks down traditional asset liquidity barriers. The "GF Token" launched by GF Securities (Hong Kong) in cooperation with HashKey Exchange supports three pricing methods: USD, HKD, and offshore RMB. Users can trade tokenized securities in real-time through their wallets, enjoy T + 0 liquidity, and process over 42,000 compliance transactions in 2024.
The essence of the Metaverse is to reconstruct the trust mechanism of digital civilization through Web3 technology. From cross-chain identity verification of HashKey Exchange to Korea's self-regulatory compliance system, the industry is moving from "technical experiments" to "large-scale applications". Users need to be vigilant: platforms that are not connected to the KYT system or have not passed the System and Organization Controls may lead to asset traceability risks due to compliance blind spots. In the future, with the breakthrough of Quantum Computing and neural symbol systems, the Metaverse may push the Internet into a new era of "value Internet".