MetaPax To Challenge Live Streaming Industry’s Immersiveness

MetaPax is a live streaming platform that aims to take the next step in merging reality with the metaverse. The platform introduces the use of smart glasses and similar devices to produce a higher level of immersion and interactivity in the live streaming space.

The live streaming platform will involve two types of users in the ecosystem: Paxers and Beholders. MetaPax live streamers are referred to as ‘Paxers’; they are hired by the audience  – referred to as ‘Beholders’ – to perform specific tasks.

Beholders can assign menial errands such as buying a bouquet of flowers for a loved one, picking up groceries, or even ordering goods. On the other hand, they can also assign intricate tasks like hiring a Paxer as a tour guide, attending conferences, or remote guidance among other things. Furthermore, Beholders are able to comment and manage Paxers for tasks that require the control or management of other humans. 

The unique aspect of MetaPax, however, comes in the form of smart glasses and other wearable devices worn by Paxers. Through these devices, Beholders are able to hire Paxers and experience the tasks from a first-person perspective. As a result, the platform adds a unique level of immersion and interactivity to the live streaming experience.

Paxers can monetize their activity at their own discretion. They are able to set a price for specific tasks – whether fixed or hourly – and even pick different monetization models. These include subscription models, pay-per-stream, or free streams with a donation model. MetaPax automatically debits the funds from the Beholder’s account once the tasks are completed.

MetaPax requires the use of its utility token, known as MTP token, for every transaction made within the platform. Users pay a 20% fee for any transaction made on the platform such as hiring Paxers, sending donations, and paying for broadcasting fees.

In addition, the MetaPax platform will also eventually introduce auto staking. Each token stored in personal accounts will receive monthly rewards in MTP tokens. The more transactions carried out on the platform, the higher APR on staking will be. The developers built MetaPax on EVM/eBPF hybrid blockchain Velas, which can perform over 50,000 TPS.

By Q1 of 2022, the MetaPax team plans to assemble their team, carry out technology testing, patent applications, finish their website and white paper, and finally hold their token’s private sale.

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