TRON takes the lead in developing the digital identification program for the Dominica Metaverse

by Arthur · March 6, 2023

Roseau, Dominica –News Live– TRON

TRON is pleased to announce its latest partnership with the Commonwealth of Dominica to usher in a new era of Web 3.0. TRON will develop the first Caribbean digital identity initiative, which includes the creation of the Dominica Metaverse, as well as the operation of the Dominica Digital Identity (DDID) and Dominica Coin (DMC) programs.

As a pioneer in Metaverse innovation, this partnership recognizes the potential for Dominica to lead the way in this cutting-edge technology that will transform everyday life and revolutionize businesses for years to come. With digital identity as a key component of Web 3.0, TRON is proud to monitor, execute and facilitate the issuance of DDID and DMC.

“This digital identity project is a significant milestone for us as it marks the first Web 3 initiative since the adoption of our crypto regulation last year. We are excited about the prospects of blockchain innovation and look forward to continued collaboration with Tron to advance the digital economy for Dominica,” said Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica.

Commonwealth of Dominica Official Media Contact

[email protected]

About TRON DAO

TRON DAO is a community-run DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by HE Justin Sun, the TRON network has continued to deliver impressive performance since its MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users. The TRON network has gained an incredibly good hold in recent years. As of March 2023, it has over 145 million total user accounts on the blockchain, more than 5 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins worldwide, surpassing USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-secured decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. As recently as October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s approval to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, has received statutory status as an authorized digital currency and medium of exchange in the country.