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Indonesia Joins the Metaverse: Wayang, Litedex Protocol & RTGS Lead the Way!

Indonesia Joins the Metaverse

Indonesia Joins the Metaverse: Wayang is the mysterious and enchanting art of puppet shadows. It shows how life is, first through the puppets and then through the shadows of the puppets. It’s like an early version of the metaverse in many ways. 

Wayang is one of Indonesia’s national arts. Indonesia is the fourth most populous country in the world and is made up of more than 17,000 islands. From east to west, the country is about the same size as Europe. It has a lot of different kinds of people and cultures, but they all share a common identity. This is called Bhinneka Tunggal Ika, which means “Unity in Diversity.”

Indonesia Embraces the Metaverse

As a way to bring people together, the Republic has also embraced the metaverse. Governments are eager to harness the potential of the metaverse to increase the efficiency and quality of public services, as well as improve collaboration between local and national government agencies.

This digitally led plan makes sense, especially given that Indonesia’s Internet penetration is expected to hit 82.5 percent in the next five years; doing so might revitalise people-centric governance by means of a technology-mediated link between the government and its citizens. Indonesia Joins the Metaverse

There is a growing movement to adopt metaverse technology in Indonesia. Jakarta Governor Anies Baswedan and WIR Group, a leading Southeast Asian augmented reality technology firm, formed a strategic relationship earlier this year.

Through the use of a metaverse platform, the alliance hopes to speed up the realization of Jakarta’s Smart City ambition. The Jakarta Provincial Government hopes that this platform will make it easier for residents to access and acquire government services.

Also, this metaverse will be used to help the different parts of the country do better economically. Each of these places has its own agriculture, mining, handicrafts, foods, and culture, as well as its own way of making money.

Each region will have its own metaverse, which will be used to promote micro, small, and medium-sized businesses in the region, the country, and the world. After accepting the idea of the metaverse and finding these new ways to use it, the next question is how to make it work. 

Litedex Protocol

How do you make meta finance, which is a completely new digital money system that lets tokens move around in metaverses and money be traded between them? It won’t be able to reach its full potential until a sophisticated metafinance system is built. Indonesia Joins the Metaverse

Litedex Protocol is the first decentralized exchange (DEX) platform in Indonesia and the leader of the meta finance movement. Litedex lets its users create projects that investors like, such as staking, farming, swapping, pooling, lending, borrowing, NFT marketplaces, and bridge features.

Read More – A Brief Overview of Metaverse History and Legal Policies!

Litedex Protocol will use several popular blockchains, such as Binance, Ethereum, Solana, Avax, and a few others. This will turn on the bridge feature, which is the main part of the meta-finance concept.

Real Time Gross Settlement System in the Metaverse

The RTGS, or Real Time Gross Settlement System, is a concept used in the world of trade finance. This is fundamental to the world’s payment and trade systems, allowing for the instantaneous settlement of all transactions. The metaverse currently lacks such an item. Indonesia Joins the Metaverse

Litedex is rapidly replacing traditional RTGS systems as the backbone of the meta-financial system. Litedex is a one-stop exchange that makes navigating the metaverse easier by being blockchain-agnostic and serving both business-to-business and business-to-consumer enterprises.

The platform makes it possible to buy, sell, and trade digital assets without ever leaving the metaverse. To complement its work on the blockchain, Litedex Protocol is creating the LDX token as a cryptocurrency for use in the protocol’s many subsidiary projects and an expansive ecosystem.

Litedex Protocol is dedicated to increasing investor confidence by having all projects audited by CertiK. With passing grades, the LDX token has completed the Certik audit phase. Recently, the LDX Token was added to the global decentralized exchange PancakeSwap in addition to the global centralized exchange LBank.

Read More – DAO Builders Panel: Techniques for Establishing a Long-Lasting Autonomous Decentralized Structure

For the first time, Indonesian IT professionals have created a platform entirely on their own, without assistance from developers in other nations. Jerry Sambuaga, Indonesia’s deputy minister of commerce, has given it a lot of his backing on multiple occasions. One of the most important aspects of developing a sustainable metaverse ecology, in Indonesia and elsewhere, will be the idea of meta finance. Indonesia Joins the Metaverse

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