Colony

Mission

Identity System

Colony’s ownership of dome is one kind of identity system, where credentials are the parcels of one’s dome. Economic incentives are also necessary to ensure that the creators of avatars, items, and continue building and distributing them. Since content can be arbitrarily copied, we must rely in social agreements to enforce retribution to the creator.

Security

Colony Verse is not controlled by a centralized organization. There is no single agent with the power to modify the rules of the software, contents of land, economics of the currency, or prevent others from
accessing the world.

A Traversable World

This discovery by adjacency is at odds with having infinite Dome: in that scenario, users would have a hard time finding relevant content by traveling through it. With scarce Dome , Brands can acquire users by purchasing Dome in high-traffic areas. This will allow secondary markets to develop around land ownership and rentals, as is already happening on Colony.

Dome Ownership

Dome is a non-fungible, transferrable, limited digital asset stored in an Ethereum smart contract. It can be acquired by spending an ERC-20 token called CLNY. CLNY can also be used to make in-world purchases of digital collectables and services.

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See what has been done and take a glimpse of our future.