Matera Protocol v0.1 Release

Today is a big day for Matera Protocol. We’re excited to announce that we kicked off the release of Matera v0.1 which has been launched on Polygon Mumbai testnet along with the first application. This private testnet allows us to test the protocol logic with select users and partners, get their feedback, and improve Matera, getting us closer to finding a protocol-market-fit.

We’ve already successfully minted the first 3D content as Asset NFTs and tokenized it into the first Asset tokens, but the next step is to test the protocol with select Landvault clients and real use cases.

The private testnet comprises protocol and application testing on the protocol’s flow and logic which includes the verification, tokenization, asset token distribution, and fee capture features.

The protocol contains 10 smart contracts, one of which is Project Factory, that mints Asset NFTs and starts the verification process. You can view the contract and transactions here.

During this testing phase, our development team will collect feedback, perform quality assurance, make significant improvements to the protocol, and compile bug reports in preparation for the public testnet which is scheduled for early 2024.

Functionality

The select partners chosen for this private testnet have access to the following functionalities:

• Verification of 3D scenes (Assets) built in both Unity and Unreal

• Minting of 3D scenes as Asset NFTs

• Generating Asset certificates

• Minting Asset tokens for each Asset NFT

• Managing IP and commercial licensing of Assets

• Access to scene analytics via the Measurement and Analytics dashboard

All of the functionality mentioned is carried out using the first early-stage Matera UI developed by Landvault.

Assets

We mention ‘Assets’ a lot. Let’s explain what an Asset is. Matera Protocol introduces the concept of 3D Assets (or just Assets), that are essentially synonyms for 3D content. In the Matera ecosystem, Assets represent a piece of the 3D internet - from a simple 3D model to an entire 3D scene or experience. When using Matera, creators can decide if they want to break their experiences into multiple assets (sections of the experience) or keep them as one. This is entirely up to each individual creator. Breaking down the experience into more Assets gives the creator more flexibility to verify, tokenize, and monetize these assets independently. It does however incur more costs and complexity.

What’s next

This current phase of our roadmap (Q4 2023) is to test the protocol with clients and private projects to ensure we develop the most user-friendly flow, logic, and improve Matera modules before mainnet release. We’re also still raising funds this quarter to enable us to develop the protocol, build our own layer 2 infrastructure, and become the main infrastructure supporting millions of consumers and billions of transactions on the 3D Internet.

As we move forward into 2024, we’ll continue development and also release a beta version of the first Asset marketplace to trade tokens as well as run community development activities. Stay tuned as we release our full 2024/2025 roadmap soon.

If you’re a potential investor and would like to become a part of the Matera project, then visit here to learn more about the protocol. You can also join our community on Telegram to stay up to date with everything that’s going on.