Caduceus’ Co-Founder Tim Bullman on How They are Shaping the Future of Metaverse
With all the hype surrounding the Metaverse, the NewsBTC team caught up with Tim Bullman, the co-founder of Caduceus Foundation to learn more about their initiative. Caduceus is a blockchain dedicated to metaverse development, supporting developers and creators to build their own metaverse, NFT, GameFi and DeFi projects. Here are excerpts from our interview.
Q: Can you please tell us more about your journey that led to Caduceus?
Tim: After successfully launching UK’s first corporate crypto brokerage business, I met my other co-founders. We shared the same vision that the blockchain sector needs a trustworthy, robust ecosystem so the global audience can make a meaningful connection with such a new technology. We analyzed all the other blockchain features, pros and cons, and we found a unique angle where we can make a difference and provide a truly robust infrastructure for Web 3 developers. The future of the metaverse in the Web3 era world will have multiple chains that coexist. A true metaverse would connect all other virtual worlds and transfer personal information and currency between different ecosystems through protocols that span time, platforms and devices. This is also what Caduceus pursues and actively implements. At the current stage, Caduceus will use the underlying architecture to support different independent applications in the metaverse field. In the later stage, these applications will be integrated and connected in series to realize a system consisting of various applications, different devices, and user experiences, which will be the prototype of the Caduceus Metaverse.
Q: What is Caduceus trying to solve?
Tim: Metaverse is a huge topic, and it will undoubtfully play an important role in our future digital life. However, metaverse development requires high rendering power and the current cost from various centralized providers is extremely high. With Caduceus’s unique decentralized edge rendering solutions, developers can deliver a more user-friendly, low-cost, highly efficient experience to the audience. Metaverse emphasizes the immersive interactive experience for the fusion of virtual and real. What the market really needs is an innovator who can not only achieve its own development but also lead the trend of the metaverse, and behind this innovation, be inseparable from the support of edge computing, global distributed heterogeneous computing power and efficient rendering services. As a new form of metaverse infrastructure, we believe metaverse protocol Caduceus is technically outstanding. The combination of edge computing and blockchain will lay a solid foundation for credible and efficient collaboration among multiple vertical industries. These computing and rendering resources derived from computing power will also meet the demand for computing power in Metaverse application scenarios, bringing a more extreme Metaverse interactive experience.
Q: So, what is your role at Caduceus?
Tim: I have spent the past 25 years building and managing businesses in the capital and digital markets, so I have experience in administrative and operational functionality. This linked with a strong drive to promote business development will be my focus in the short to middle term. We will place a long-term strategy on ensuring strong ties to the community and wider audiences so we are aligned with their vision as well as our own.
Q: How does Caduceus differ from other blockchain protocols out there?
Tim: Four different aspects:
- Super fast transaction speed
- Super low transaction cost
- Customized consensus mechanism
- Unique low-cost decentralized edge rendering solution
On top of that, we are building a set of tools to enhance our development environment to make future developers’ life a lot easier. Our goal is to lower the entry level so more talent can join this exciting space.
Q: What are the various applications and industry verticals you see Caduceus being adopted?
Tim: With an emphasis on enterprise-level products there is a requirement for real productivity tools that provide developers with a friendly and convenient development environment, this is the original intention of Caduceus. Therefore, Caduceus considers “performance, robustness, scalability, flexibility, and reliability” with great care in the architectural concept, and provides developers with a decentralized and fully modularized system according to the current market demand of the Metaverse. A blockchain with lower transaction costs, faster speed and a high emphasis on security and scalability. At present, Caduceus has released the main network. At the same time, it will carry out multi-stage network iteration, systematically organize internal and external advantageous resources, and create a truly easy-to-use software with technical advantages such as developer friendliness and complete development tools from the perspective of systems engineering.
We are expecting game developers, metaverse developers, Dex, and NFT creators to join caduceus.
Q: What is the current state of development? When can we expect Caduceus-based projects to start rolling out?
Tim: Our mainnet version 1.0 was launched on 28th April and currently, the development team is working on version 2.0 which will enhance the efficiency of our network even further. We have shared a lot of our current developer status on our official Twitter and Medium accounts, so please refer to those platforms for more thorough updates.
Our goal will be to carry out a large number of cross-industry cooperation with leading Web2 enterprises, fashion brands, film and television IP, sports/film and television stars, and artists, to create popular applications of the Metaverse, and to create the diversified development of the Caduceus Metaverse. Gaming is also a big part of the Caduceus ecosystem. We are seeing over 40 projects being deployed onto Caduceus. This is very encouraging considering our mainnet was only launched back in April this year.
Some exciting examples to share, Caduceus is working with the 3D NFT fashion brand Hape to create an NFT scene that integrates games, business, and entertainment, and jointly design a virtual image system to give consumers the opportunity to interact with culture and brands in a highly immersive experience. Interact. CMP token will also be the tokenomics solution to the Hape ecosystem
Caduceus has partnered with one of the Dubai Sovereign companies Bin Zayed Group, to bring the twin city experience to life using virtual reality technology, creating an authentic urban experience in the Metaverse;
Light Cycle, the first metaverse platform incubated by Caduceus, Light Cycle a 3D metaverse platform built for fashion, entertainment, games, movies, music, sports, real estate, retail, NFT, and will cooperate with Lord Botham to bring cricket to the metaverse. This will be the first of many projects bringing sport and the metaverse together for a wider audience to experience
Q: Can you please explain the features of Caduceus?
Tim: As the first Metaverse protocol for decentralised edge rendering, Caduceus is committed to providing services such as decentralised rendering, edge computing, 3D technology, and XR extended reality technology for Metaverse developers and creators. As you can see from the introduction, the underlying technologies provided by the Metaverse Protocol Caduceus for the Metaverse include blockchain technology, edge computing technology, computing power resources, and rendering resources derived from computing power. Furthermore, the high transaction speed with low transaction costs has given our developer a head start.
Q: How is the community’s interest towards Caduceus?
Tim: Communities are formed because people come together with a shared common bond and vision. In the caduceus community, everyone has a valuable consensus, agrees with the development concept of the project, and is willing to participate in the construction of the community. At the same time, they can also enjoy the economic returns brought by the growth of caduceus. To this end, we have specially launched a community-exclusive badge NFT “NOVA”. Community users who hold NOVA can enjoy CMP token airdrops, whitelists of projects within the ecosystem, and airdrops of projects within the ecosystem. As an indispensable part of the Caduceus metaverse, the Caduceus community welcomes all like-minded partners, and our community will give each member the opportunity and right to participate in community building. Our combined community across all channels and platforms has exceeded 800,000 members
Q: Any significant partnerships or collaborations you wish to share?
Tim: We have recently partnered with Lord Botham, one of the most successful cricket legends to bring Cricket into the metaverse.
We also started our journey with Hape Prime, a London and New York based NFT fashion brand to take NFT to the next level. We have some exciting news to announce shortly regarding this project, can not wait to tell everyone a bit more about it, but for now, had to keep it a secret.
We also have some exciting news to announce with inspirational partnerships in the Music, sports and filming industries.
August is going to be busy for us, with a strong emphasis on adoption and business development into year-end and beyond.
Q: How does one get started on Caduceus?
Tim: We have a very thorough tutorial and guidance on our website, under the ‘Developer section’. It gives very clear guidance regarding wallet integration, smart contract deployment and other aspects to get your journey started with Caduceus.
Our tech team is always here to help. We welcome global talent to join Caduceus.
Q: Nowadays metaverse is one of the hottest topics and everyone wants to have their presence in it. How do you think the metaverses will add value to individuals and businesses beyond those of what web2 can currently offer?
Tim: In many countries, governments and enterprises attach great importance to emerging technologies. It is also very friendly to relevant policies. With the blessing of emerging technologies, it can quickly promote the digital transformation of local traditional enterprises and promote the economic development of various countries. With current economic environment in mind, the Metaverse is undoubtedly a huge emerging market with huge opportunities for growth. Many early game companies are also actively exploring the Metaverse, seeking entry strategies, and some projects are even actively led by the local government.
Caduceus has been working hard to build a Metaverse Protocol that provides technical support services for Metaverse developers and creators. With the characteristics of massive computing and flexible use, enterprises can efficiently complete deployment at the lowest cost, and it will also create a convenient and easy-to-use Metaverse underlying infrastructure for more Web2 enterprises, which is very suitable for countries that are in their infancy and their local areas.
Q: Tell us more about your team
Tim: Caduceus has a team of seasoned professionals with deep experience in blockchain, DeFi, software development, finance, retail, music, art, media, and entertainment. We brought together all of these professionals from many fields to provide you with a deep passion for the emerging Metaverse.
Q: Anything else you would like to add?
Tim: The most exciting news I would like to share is that our native governance token $CMP has just been launched on Bybit, MEXC and Bitget on July 25, 2022. Users who are optimistic about the value of Caduceus, please do not miss it!
$CMP is the native Token in the Caduceus Metaverse Protocol, and it is also a crucial part of the Caduceus Metaverse ecology. We can regard CMP as a value bridge connecting the real world and the virtual world. The relevant mechanism of the token will also be announced in Q3 in 2022, including the introduction of the pledge function of decentralized computing power nodes, the pledge of CMP to obtain ecological application tokens and NFT, etc., to better enrich the use value and scenarios of CMP, and form the ecological and economic closed loop of the project.
In the future, our goal will be to carry out a large number of cross-industry cooperation with leading Web2 enterprises, fashion brands, film and television IP, sports/film and television stars, and artists to create popular applications of the Metaverse and create the diversified development of the Caduceus Metaverse.