Metaverse ETP operates through a combination of digital assets, digital identities, and value intermediaries. Digital assets on the Metaverse platform, known as Metaverse Smart Tokens (MST) and Metaverse Identifiable Tokens (MIT), are trust-free, traceable, and decentralized properties that can be freely registered, transferred, issued, deposited, used as collateral, or burnt. Digital identities, or Avatars, are self-sovereign identity ledgers on the Metaverse blockchain, allowing users to securely manage personal data and credentials. The platform uses a Proof of Work (PoW) system to dictate block authoring and Grandpa finality, ensuring a uniform distribution of mining rewards and mitigating the risk of a 51% attack.