“Chaos” hinders metaverse’s development of Oko cloud chain innovation technology and creates an industry safety base

In 2021, technological development expanded the imagination boundary and set off a wave of metaverse around the world. Whether foreign Facebook, Microsoft, NVIDIA, or domestic Tencent, Baidu and other Internet companies have announced to enter metaverse, and the metaverse industry is booming.

However, it is important to note that every emerging industry is prone to bubbles and chaos. The Metaverse industry is no exception. Illegal activities such as “Metaverse chain Tour” and “Metaverse currency” occur frequently. These acts are actually criminal activities involving the encrypt assets, and ordinary people need to be vigilant to avoid property losses.

As a company deeply engaged in technological innovation in the field of blockchain + big data, orco cloud chain is committed to data security protection. It has successively launched a series of products such as “SkyEye on the chain”, “SkyEye on the chain Pro” and “SkyEye on the chain pro2.0” to help the police crack down on criminal activities involving encrypted assets under the cloak of “metaverse”. In the future, orco cloud chain will continue to be committed to the improvement of science and technology and help the healthy and orderly development of metaverse industry.

The metaverse industry is booming

Since 2021, metaverse has become an innovation direction highly concerned by the society. Facebook changed its name to meta and defined “metaverse” as the company’s core strategy in the future; Microsoft, NVIDIA and other technology giants have joined the “metaverse” track; Tencent, Baidu, byte beating, Netease, etc. are also competing to enter relevant fields and layout “metaverse”.

At the same time, all localities also actively stated that they should layout and develop metaverse technology and related industries. As a domestic leader in the layout of metaverse related industries, Shanghai has repeatedly proposed to pay attention to and cultivate the development of metaverse related technologies and industries. Last December, the economic work conference of Shanghai municipal Party committee proposed to guide enterprises to step up the research on an important platform for the interaction between the virtual world and the real society in the future, so as to make a timely layout and cut in. This is also considered as “the first positive statement of China’s local government on the development of metaverse related industries”.

In addition, Beijing announced that it would promote the establishment of a new innovation consortium of metaverse and explore the construction of metaverse industrial agglomeration area; Zhejiang, Wuxi and other provinces and cities have also defined the development direction of metaverse in relevant industrial planning.

At this year’s two sessions, many deputies to the National People’s Congress and members of the Chinese people’s Political Consultative Conference also made suggestions for the development of metaverse industry. For example, according to the China Securities News, Zhang Ying, member of the CPPCC National Committee and deputy director of the Shanghai Municipal Commission of economy and information technology, suggested that by accelerating the tackling of key technologies, we should form the development orientation of metaverse to “strengthen reality with emptiness”, build an industrial innovation system that enables thousands of industries, build digital space governance rules with Chinese characteristics and conform to global trends, and promote the healthy development of metaverse related industries.

It is generally believed in the industry that although the metaverse industry is still in its infancy, thanks to policy support, the metaverse industry is expected to usher in a rapid development stage. In the future, metaverse will reshape the social mode, work, education, games and other fields, connect the virtual world with the real world, and change the existing work and life mode.

Metaverse industry “chaos” needs to be vigilant

It is noteworthy that while the industry is vigorous and moving towards the future, some “chaos” behaviors with “metaverse” as a gimmick breed and bring new risks.

According to CCTV’s previous report, metaverse has become a hot spot in the market, but at the same time, there are many blockchain games in the market under the banner of metaverse. It is advertised that you can make money while playing games, and the monthly revenue is even close to 100%.

CCTV pointed out that no matter what form of metaverse blockchain game, users need to convert RMB into virtual currency such as usdt, and then into the virtual currency used in the game. The so-called “virtual currency” is essentially an unapproved act of illegal public financing. It is suspected of illegal sales of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, MLM and other illegal and criminal activities. The “metaverse chain Tour” advocated on the Internet is just a scam to hype and promote the concept of metaverse. Many blockchain games are essentially small web games with low development cost. External publicity can make money. In fact, they just take the funds paid by those who enter the site to fill the hole.

In addition, there are also criminals who claim that the virtual currency issued is the future “metaverse prevailing currency” to induce the public to buy investment. Such “virtual currency” is often the spontaneous air currency of criminals, which makes illegal profits mainly through behind the scenes means such as manipulating prices and setting withdrawal thresholds.

In view of the chaos and risks in the metaverse industry, on February 18 this year, the CBRC issued a notice on preventing the risk of illegal fund-raising in the name of “metaverse”. The announcement pointed out that recently, some criminals have rubbed hot spots and are suspected of illegal fund-raising, fraud and other illegal and criminal activities, including fabricating false metaverse investment projects; Fraud under the banner of metaverse blockchain game; Maliciously hype metaverse real estate for money; Engage in illegal profit making of metaverse virtual currency in disguise. The announcement reminded the public to enhance their risk prevention awareness and identification ability, beware of being cheated, and actively report to the local relevant departments if you find clues of suspected violations and crimes.

Sun Yulin, senior researcher of Ouke cloud Chain Research Institute, believes that participating in such activities is easy to cause significant property losses. It is suggested that ordinary people learn to understand the essence of metaverse, polish their eyes and don’t be blinded by high-yield gimmicks. At the same time, ordinary people need to strictly abide by the requirements of laws and regulations and policy guidance, and refuse to participate in all illegal financial activities such as token issuance and financing and virtual currency speculation.

AUC cloud chain deeply cultivates blockchain technology to promote the healthy development of the industry

“Metaverse blockchain game” and “metaverse currency” are actually criminal activities involving encrypted assets. However, at present, such cases are not easy to investigate. Mainly because the operation mechanism of virtual currency has special characteristics such as decentralization, anonymity and real-time, the transaction can be completed without the participation of financial institutions.

It is worth mentioning that in China, the integrated application of blockchain and integrated technology is being applied to the investigation of such cases, and okcloud chain is one of the representative enterprises. Aiming at the anonymity of encrypted assets, orco cloud chain has launched a series of products such as “SkyEye on the chain”, “SkyEye on the chain Pro” and “SkyEye on the chain pro2.0”, which play a role in the financial supervision of encrypted assets by using blockchain technology.

Among them, “chain SkyEye pro2.0” is the latest product, which has achieved three breakthroughs in “technological innovation”, “functional innovation” and “investigation innovation”, with four new features. First, the more powerful and rich address label system has realized a wide range of coverage, which can help investigators quickly find the most useful clues in many addresses and transactions; Second, the 7 * 24h real-time monitoring system can realize the governance of early discovery, early monitoring and early traceability, and escort the safety of the chain; Third, intelligent analysis and judgment. For the address involved in the case, the specific conclusion and function of the address can be quickly obtained through address portrait and transaction feature recognition; Fourth, the one-stop verification service integrates the world’s mainstream virtual currency exchanges and wallet service providers, realizes the intelligent analysis of the verification materials of the exchange, avoids the disclosure of the case caused by manual intervention, and the analysis conclusion is rigorous and specific.

It is understood that the European cloud chain team had previously used the “chain eye Pro 2” to help Sichuan Meishan Public Security Bureau Pengshan branch cracked a virtual fraud money investment guise of “6.8 fraud”, the case involved more than 1700 yuan, 24 suspect arrested.

In this case, using the enhanced address tag system, 7 * 24-hour panoramic monitoring changes and intelligent analysis and judgment, orco cloud chain SkyEye Pro 2.0 formed an integrated service mode of data monitoring, analysis, penetration and Governance on the chain, realized “one key verification”, finally re listed the whole context of capital flow, and launched the total amount of funds involved to assist the police in successfully solving the case.

Zhang Chao, vice president of oukeyun chain and executive director of oukeyun chain (01499. HK), believes that the metaverse industry has always been developing towards a good trend. Some chaos and risks are only the “shadow” in the initial development process of the industry, and the whole industry should never be silent and resolutely resist in the face of chaos. Orco cloud chain will also continue to study technology for the good, and use SkyEye Pro 2.0 on the chain to help severely crack down on the crime of encrypted assets and help the healthy and stable development of metaverse industry.

Orco cloud chain is the world’s leading blockchain enterprise and one of the earliest blockchain enterprises in China. Since its establishment in 2013, it has been committed to the R & D and commercial use of blockchain technology, and has developed into a global large-scale blockchain technology and service provider. Headquartered in Beijing, China, it has branches or offices in more than 10 countries and regions such as the United States, Europe and Japan. Its business covers more than 180 countries and regions around the world and serves more than 50 million users around the world.

(editor in charge: Zhao Rong)

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