Xeta Reality

Xeta Reality (XETA) is a platform that uses blockchain technology to develop gaming and NFT applications. The goal of the platform is to develop unique solutions applicable in the metaverse and use the same in real life. Metaverse is a term used to define a digital universe created with the help of virtual reality.  XETA is the coin offering of the platform, which operates on a lightweight and modular blockchain.

To elaborate, a blockless ledger is used to validate XETA nodes and transactions. Nodes are individual servers or computers connected to the network. So, instead of adding multiple transactions to one block, each transaction is added as one single block. 

Furthermore, as mentioned in the whitepaper, the platform uses proof of audit as a consensus mechanism. Proof of audit (PoA) is a blockchain consensus mechanism designed to enhance the privacy and security of blockchains. The transactions are powered on the platform by XETA tokens. The platform aims to use the XETA tokens for maintaining the network of nodes. XETA tokens, as per the website, allow the creators to register the NFTs and other assets. 

With the use of XETA tokens, the platform aims to bring several users onboard and develop innovative applications on the metaverse in the future. The whitepaper further elaborates that the platform aims to see advancement in metaverse and NFT adoptions at interface levels.

Xeta Reality (XETA) and its blockchain came into existence in the year 2021, including the release of a whitepaper in September 2021. The XETA team consists of nine members, including XED, who is responsible for software architecture design. Others include Synth, responsible for AI and Capital F, a Javascript developer. As mentioned in the whitepaper, the development stages include the release of the wallet app and mobile app in late 2021.