Cointime

Download App
iOS & Android

Garan: Do you want to recite the sutras of Web3?

Cointime Official

Garan is a global platform for Buddhist practitioners and magicians to engage in meditation together. It allows devotees to build their personalized meditation chain using blockchain-based Decentralized Identifiers (DID). As the global Buddhist market continues to expand, the application of Web3 technology is also widening. Garan, being the world's first Web3 meditation platform, exemplifies this trend. Serving as a global platform that connects magicians and devotees, Garan facilitates magicians in establishing positive connections while empowering devotees to accumulate blessings. Users can engage in daily spiritual practices such as meditation, worship, recitation, and prayer through the platform's built-in on-chain sacred body NFTs. They can also experience vibrant virtual Buddhist scenes within the metaverse. Garan can help alleviate anxiety, reduce mental strain, and create a realm of inner peace.

Meditation: A Necessity for Modern Individuals?

Buddhism and meditation have become essential spiritual practices to fill the void in the materialistic world, and this trend is on the rise globally. The global meditation market is projected to grow at a compound annual growth rate (CAGR) of 18.5% from 2022 to 2029, increasing from $5.295 billion in 2022 to $20.532 billion in 2029. Garan, formerly known as "Intelligent Buddhism," is a mature Buddhist application. Since 2016, the platform has been dedicated to spreading Buddhism through technology, making Buddhist culture more integrated into everyday life, technologically advanced, appealing to the younger generation, and global in scope. By the end of 2022, the "Intelligent Buddhism" platform had accumulated over 80,000 active users, with over 500 certified online monks from different countries, covering 29 countries in total. Over the years, the team and the products have served more than 10,000 temples, monks, and over 5 million followers.

Innovation

Garan has achieved concrete innovations in business models, economic systems, product experiences, and community organizational forms, bringing new development opportunities to the field of Buddhist meditation. By deeply integrating with Web 3.0 technology, Garan will continue to drive innovation and development in the Buddhist meditation industry, allowing more people to enjoy the benefits of meditation. Garan leverages Web 3 technology to integrate and innovate in the fields of Buddhism and meditation, providing users with a unique meditation experience. Users can engage in daily spiritual practices such as chanting and blessings through the platform's built-in on-chain Dharma-body NFTs, and experience a vivid metaverse virtual Buddhist community. This helps alleviate anxiety, reduce mental stress, and create a sanctuary for the mind. By combining artificial intelligence and blockchain technology, the platform redefines the landscape of Buddhist meditation. Garan platform brings together a global community of master teachers, offering high-quality Buddhist and meditation content. It provides personalized recommendations and intelligent question-and-answer features for users, delivering a personalized learning experience. With a diverse range of products and services, it caters to the various needs of practitioners. The platform's stable economic system encourages active user participation and contribution.

Products and services

Garan platform is committed to providing users with high-quality Buddhist and meditation services, including practice, teachings, Q&A, and courses. With the wisdom of Buddhist masters from around the world and advanced technological means, Garan empowers countless followers to deepen their understanding of Buddhism and improve their meditation practice. Garan's Buddhist and meditation platform has a comprehensive economic system that combines three major categories of digital assets—DID, NFT, and Token—with online meditation business models, creating a complete virtual world for meditation. Detailed explanations are provided regarding the design concepts, usage scenarios, economic models (such as generation, circulation, etc.), as well as the significance and value to users of these three asset types. The platform offers a variety of products and services, such as online blessings, group chanting, and meditation sessions. Additionally, users can engage in meditation through virtual meditation halls, experiencing a serene and peaceful environment. Buddhist masters employ multimedia methods, including videos, images, and live streaming, to propagate the Dharma, offering real-time giving and connecting merit-making activities both online and offline.

Virtual Meditation Community

The design of Garan's virtual meditation community draws inspiration from gamification principles. By incorporating NFTs and token-based incentives, along with social elements, it attracts users to join the community and actively participate in meditation activities. This allows users to experience the joy of meditation and a sense of belonging to the community, providing them with a comprehensive meditation experience.

Economic System

Garan's economic system is based on blockchain technology, enabling the digitization of meditation practices through the issuance of its own tokens and NFTs. Users can acquire tokens and NFTs by participating in meditation activities. These tokens and NFTs can be traded within the Garan platform and also utilized for liquidity mining, lending, and trading on other DeFi platforms, providing tangible economic benefits to users.

Community Governance

Garan employs a decentralized autonomous organization (DAO) for community governance, allowing all community members to participate in decision-making by holding tokens. This approach promotes a truly decentralized governance model, fostering community engagement and enhancing a sense of belonging among its members, ultimately strengthening community cohesion.

Conclusion

With the development of Web3 technology and the expanding meditation market, Garan holds immense growth potential. Garan will continue to deepen its integration with Web3.0 technology, introducing more innovative products and services to enhance the meditation experience for users. Additionally, Garan aims to actively compete in the global meditation market, striving to establish its own brand influence worldwide.

In summary, Garan is an innovative platform that combines Buddhist meditation with Web3 technology, offering users a fresh meditation experience while presenting new development opportunities for the Buddhist meditation industry.

Nevertheless, we should approach with skepticism whether Garan's unique concept might have a negative impact on Web3 users or individuals interested in Buddhist studies.

Comments

All Comments

Recommended for you

  • BTC Surpasses $82,000

    Market data shows that BTC has surpassed $82,000, currently priced at $82,038.65, with a 24-hour increase of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2400

    Market data shows that ETH has surpassed $2400, currently priced at $2400.26, with a 24-hour decline of 1.33%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $81,000

    Market data shows that BTC has surpassed $81,000, currently priced at $81,016.34, with a 24-hour decline of 1.53%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,940.09, with a 24-hour decline of 3.44%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Philadelphia Semiconductor Index Set to Lose Over $2 Trillion in Market Value in Seven Trading Days

    The Philadelphia Semiconductor Index is poised to evaporate over $2 trillion in market value within seven trading days.

  • Philadelphia Semiconductor Index Drops 4% to Lowest Level in Nearly a Month

    The Philadelphia Semiconductor Index fell by 4.01% during the day, currently reported at 11,215.37 points. Nvidia dropped by 3.25%, Broadcom fell by 2.87%, Micron decreased by 5.79%, Intel declined by 5.81%, AMD dropped by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML decreased by 3.34%.

  • Philadelphia Semiconductor Index Falls 4% to Lowest Level in Nearly a Month

    The Philadelphia Semiconductor Index dropped 4.01% during the day, currently reported at 11,215.37 points. Nvidia fell by 3.25%, Broadcom by 2.87%, Micron by 5.79%, Intel by 5.81%, AMD by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML dropped by 3.34%.

  • Ripple Prime Launches Perpetual Contract Trading Services for Institutional Clients

    According to Bloomberg, Ripple's main brokerage division, Ripple Prime, is launching perpetual contracts for real-world assets (RWA) aimed at institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. This product is offered through Trade.xyz on Hyperliquid, continuing Ripple Prime's previous initiative to provide clients with access to cryptocurrency perpetual contract trading.

  • NYC Comptroller Urges Anthropic to Pause IPO Plans

    On October 15, New York City Comptroller Mark Levine stated in an interview that he has written to Anthropic CEO Dario Amodei, urging the company to suspend its planned initial public offering (IPO). In the letter, he called for Anthropic to pause its IPO plans until it can fully and transparently address concerns related to AI safety, governance, and development that the company itself has raised. Levine wrote that the company should focus on mitigating these risks rather than advancing the IPO. Currently, New York City has an investment exposure of less than $10 million in Anthropic through the private market.

  • US September PPI Rises 6.3% Year-on-Year, Exceeding Market Expectations

    The US Producer Price Index (PPI) for September recorded a year-on-year increase of 6.3%, the highest since May 2026, surpassing market expectations of 5.3%. The month-on-month PPI for September was reported at 1.3%, significantly higher than the market forecast of 0.5%. Additionally, US retail sales for September showed a month-on-month increase of 0.8%, also exceeding market expectations.