1. What is MEFA?

Introduction to MEFA Cryptocurrency

MEFA (Metaverse Face) is a cryptocurrency aimed at providing unique face NFTs for the Metaverse. It is the world's first decentralised virtual face marketplace, allowing users to utilise unique face NFTs within the Metaverse.

Key Features:

1. Virtual Face Marketplace: MEFA offers a decentralised virtual face marketplace where users can purchase, hold, transfer, and stake tokens.
2. NFT: MEFA employs NFT (Non-Fungible Token) technology, ensuring that each virtual face is unique.
3. Metaverse Application: MEFA aims to provide unique face NFTs for the Metaverse, enhancing users' experiences in the virtual world.

More Information:

• MEXC Platform: MEFA is now live on the MEXC platform, allowing users to directly purchase, hold, transfer, and stake tokens on the platform.
• User Friendly: MEXC provides a user-friendly interface and various tools to help users manage their investments effectively.
• Community Support: The MEFA community offers a range of resources and support to help users understand and utilise the tokens.

2. Who Founded MEFA?

Based on the information provided, it is not directly ascertainable who founded the cryptocurrency MEFA (Metaverse Face). The links provided mainly pertain to MEFA's price information and exchange tools, without mentioning its founders. Therefore, a specific answer cannot be given.

3. Which Venture Capitals Invested in MEFA?

According to the information provided, it is not possible to directly answer which venture capitals have invested in the cryptocurrency “MEFA.” The information available mainly concerns the content of the movie “All In,” without mentioning any investment information related to the cryptocurrency “MEFA.”

If you seek specific investment information regarding certain cryptocurrencies, it is advisable to refer to relevant financial news or cryptocurrency market analysis reports. The “MEFA” mentioned may refer to “KeTaiCoin” referenced in the film, but it is not a real cryptocurrency, only a part of the movie's plot.

4. How Does MEFA Work?

Cryptocurrency is a type of digital currency that uses cryptographic technology to secure transactions and control the creation of new units. Here is an overview of how it works:

1. Decentralisation: Cryptocurrencies do not rely on a central authority to issue new money or maintain transactions, but rather record and verify transactions through a decentralised network.

2. Blockchain Technology: Cryptocurrencies use blockchain technology to record all transactions. A blockchain is a distributed public ledger maintained by a network of computers rather than a central authority, making it difficult to alter or tamper with.

3. Proof of Work Mechanism: In cryptocurrencies like Bitcoin, transactions are verified and new blocks generated by solving complex computational problems. This process is known as "mining" and requires substantial computing power and time.

4. Transaction Verification: The validity of each transaction must be confirmed by the blockchain. All nodes in the network automatically verify the validity of transactions and blocks, disregarding any that violate rules.

5. Encryption and Security: Cryptocurrencies use advanced encryption techniques to secure transactions and prevent fraud and hacking. Transactions require a two-factor authentication process to ensure security.

6. Wallets and Storage: Cryptocurrencies are stored in digital wallets. Users can transact using wallets and need to ensure the safety of their wallets to guard against hacking or theft.

7. Trading and Exchange: Cryptocurrencies can be bought, sold, and exchanged through exchanges. Users can purchase cryptocurrencies using fiat currency and trade them via exchanges or other platforms.

In summary, cryptocurrencies ensure the security and transparency of transactions through decentralised networks, blockchain technology, and cryptographic algorithms.