TRON will lead the development of Dominica Metaverse digital identity project
On March 6th, TRON announced the latest cooperation with Dominica to jointly open a new era of Web 3.0. TRON will develop the first digital identity plan in the Caribbean, including building the Dominica Metaverse, operating the Dominica Digital Identity (DDID) project and the Dominica National Coin (DMC) project.
This partnership opens a new chapter in Metaverse innovation, highlighting Dominica's potential to lead the development of related technologies. Pioneering Metaverse technologies will reshape everyday life and commerce for years to come. TRON understands the importance of digital identity as a core component of Web 3.0, and will actively supervise, implement and promote DDID and DMC projects.
Dominica Prime Minister Roosevelt Skerrit said: "The Dominica Digital Identity Project is the first project we have launched in the field of Web 3.0 since the enactment of the "Encryption Currency Act" last year. It is a major milestone. Blockchain innovation The prospect is very broad, and we look forward to maintaining cooperation with TRON to continue to promote the construction of Dominica's digital economy."
Dominica Official Media Contact: pssecpmoffice@dominica.gov.dm
About TRON DAO
TRON DAO is a community-governed decentralized autonomous organization (DAO), dedicated to accelerating the decentralization of the Internet through blockchain technology and distributed applications (DApp).
TRON was founded by Justin Sun in September 2017, and has made many outstanding achievements since its mainnet launch in May 2018. In July 2018, the TRON ecosystem completed the integration with BitTorrent, a pioneer in providing decentralized Web 3.0 services with more than 100 million monthly active users. In recent years, TRON Network has performed brilliantly. According to TRONSCAN data, as of March 2023, the total number of TRON public chain users has exceeded 145 million, the number of transactions has exceeded 5 billion, and the total lock-up volume (TVL) has exceeded 11 billion US dollars. In addition, since April 2021, the circulation of the TRON version of USDT stable currency has surpassed that of the Ethereum version of USDT, ranking first in the world. The TRON network will be fully decentralized in December 2021 and is now a decentralized autonomous organization (DAO) governed by the community. In May 2022, TRON announced the launch of the decentralized ultra-collateralized stablecoin USDD, backed by the industry's first cryptocurrency central bank, TRON, marking TRON's official entry into the era of decentralized stablecoins. In October 2022, Dominica announced TRON as its official national blockchain, making TRON the first large-scale public chain to cooperate with a sovereign state to develop blockchain infrastructure. TRON is authorized to issue Dominica fan tokens - Dominica Coin (DMC), in order to enhance the global popularity of Dominica's natural heritage and tourist attractions. At the same time, the seven major tokens of TRON (TRX, BTT, NFT, JST, USDD, USDT and TUSD) have been granted the status of legal digital currency and legal tender in Dominica.
