Why ComingChat matched with ShangHai 14th Five-Year Plan

Recently, ShangHai officially released the “ShangHai Digital Economy Development ‘14th Five-Year Plan”, which clearly defines that ShangHai will focus on key areas such as new digital industries, new data elements, new digital bases and new intelligent terminals, strengthen the synergy of key elements such as data, technology, enterprises and space carriers, and accelerate the layout of digital economy development. It is worth noting that the policy repeatedly mentions NFT, blockchain, Web3 and Metaverse, which fits perfectly with ComingChat’s current positioning.

ComingChat, based on blockchain technology, is a Metaverse platform that integrates end-to-end privacy social, digital identity, NFT authoring platform, and web3 browser.

New Digital Base, goal 3:

In ComingChat, users have a unique digital identity — CID, a new type of decentralized identity for the web3 network world. In the web2 era, users who wanted to have digital identities for different platforms needed to fill in information repeatedly and create different accounts. Different Internet platforms established different account systems, which were independent of each other and easily formed silos. In ComingChat, each CID account is associated with at least one pair of public and private keys, and login to other DApps can be signed by using the private key associated with the cid for the login operation. cid returns data autonomy to the user completely.

Unlike the isolation of Web2’s social platforms, where a user’s behavior on one platform does not affect behavior on another, CID aggregates a user’s reputation on different chains, aggregates the reputation of all addresses of the same user on all public chains, and makes a quantitative assessment of a user’s reputation based on the past behavior of the user’s address, from which the level of service provided is determined.

In addition, we integrate Signal protocol to provide an end-to-end encrypted group chat communication function. Since each cid is associated with at least one pair of public and private keys, this naturally forms the basis for sending end-to-end encrypted messages. ComingChat’s encrypted group chat communicates through the KDF ratchet algorithm + public key signature. When a member sends a message, he first uses the algorithm to generate a message key to encrypt the message, then uses the private key to sign the message, and then sends the message to the server, which sends it to other members. When other members receive the encrypted message, they need to use the sender’s signature public key to verify it, and then use the message key to decrypt it after successful verification. It truly realizes the end-to-end communication encryption protocol, which is the most secure communication protocol in the world, and no third-party server can view the communication records.

Digital elements, goal 3: .

CIDs serve as digital identities for web3, each CID carries NFT attributes, each CID is an NFT, all can be traded, and c-cards can be remint. We have an original NFT platform — Comfuture. We welcome artists and creators from all fields to join Comfuture, where creative owners are able to list their works so that NFT enthusiasts can buy them. NFT creators can earn creative rights through trading on Comfuture, and gain visibility.

In addition, the ComingChat team notes that while the current NFT projects are growing like wildfire, it also comes with a high barrier to entry and low liquidity in the secondary market, and we are integrating a NFT group buying feature called the NFT Collect Group. Users can initiate a group purchase of NFTs on any chain, set the number of participants, the target amount, and raise enough funds before the end of the deadline to complete the purchase of NFT, and the participants of the group will receive the corresponding governance rights according to the proportion of the contribution.

ComingChat is a collection of web3 technology, as has always been defined, the portal to web3. As an international city, ShangHai strongly supports the development of the blockchain industry, providing a good opportunity for ComingChat to enter the Chinese market, and we believe that in the near future, ShangHai will become the center of web3.

About ComingChat

ComingChat’s mission is to build a metaverse for the entire ecosystem. With the economic structure of Bitcoin, it aims to reshape the digital economy system for billions of people around the world by building a simple, secure, and private global payment system and financial infrastructure. It further strengthens the interaction between the Internet and the real world by serving as a gateway for users to enter the Web3.0 world where a programmable identity system is established with CID as users’ digital identity, thus achieving unprecedented interoperability.

It will be a trustworthy, and user-centered metaverse platform that enhances user interaction services including:

  • Decentralized social system
  • Bitcoin wallet
  • GameFi
  • NFT ecosystem
  • DApp

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ComingChat is a SocialFi-based Web3 portal application with DeFi and GameFi functions, developing Dmens, Signal chat, mini game platform on Sui.