Today the Arweave ecosystem is launching 6 new services and protocols which unlock an entirely new angle of the permaweb:
The web of value.
WTF is it? Let's jump down the rabbithole π§΅
The web of value.
WTF is it? Let's jump down the rabbithole π§΅
The web of value starts with a single unit: the atomic asset.
Every piece of data stored on Arweave can have arbitrary metadata and a token contract _embedded_ inside it.
Transmit the ID => transmit the data, ownership information, license, authorship and provenance records...
Every piece of data stored on Arweave can have arbitrary metadata and a token contract _embedded_ inside it.
Transmit the ID => transmit the data, ownership information, license, authorship and provenance records...
Turning an upload on Arweave into an atomic asset comes with literally zero additional cost.
This turns 'plain' media on the web into something much more vibrant: Tradable micro-businesses that yield revenue. A web of value.
What might this look like? Some examples π
This turns 'plain' media on the web into something much more vibrant: Tradable micro-businesses that yield revenue. A web of value.
What might this look like? Some examples π
Take @permapages:
A site generator, note taker, and blogging platform with built-in support for Stamp Protocol.
Users can browse pages on the platform and 'stamp' those that they like.
A site generator, note taker, and blogging platform with built-in support for Stamp Protocol.
Users can browse pages on the platform and 'stamp' those that they like.
Stamps generate a revenue stream for creators, which can be distributed proportionately to ownership of a token (a PST).
This revenue stream can be traded by users or bots who see it as a source of yield -- allowing the creator to unlock the value of their productions early.
This revenue stream can be traded by users or bots who see it as a source of yield -- allowing the creator to unlock the value of their productions early.
The new @permapages and Stamp Protocol go live right now.
Check them out below -- tokens start minting next week in a fair launch π.
Check them out below -- tokens start minting next week in a fair launch π.
https://twitter.com/permapages/status/1555749319625564160
Example: ArTube
A video platform where revenue is distributed via @KoiiNetwork attention rewards to creators.
Fans and automated trading bots can buy and sell interests in the future revenue from videos. Creators can use this financialization to invest in better equipment, etc.
A video platform where revenue is distributed via @KoiiNetwork attention rewards to creators.
Fans and automated trading bots can buy and sell interests in the future revenue from videos. Creators can use this financialization to invest in better equipment, etc.
Creators could even be allowed to specify their own custom contracts for their videos.
Like NFTs not PSTs? Cool.
Want Verto Flex's enforced buyer lock-up on your videos' tokens? Can do.
The same UI, same userbase, any monetization strategy the creator chooses.
Like NFTs not PSTs? Cool.
Want Verto Flex's enforced buyer lock-up on your videos' tokens? Can do.
The same UI, same userbase, any monetization strategy the creator chooses.
Example: PST Funds
Think that a particular topic is going to grow in prominence on the web?
Setup an @AftrMarket vehicle with a bot that accumulates ownership in videos/posts/etc on these issues.
Let others buy and sell stakes in your new vehicle, riding on its value.
Think that a particular topic is going to grow in prominence on the web?
Setup an @AftrMarket vehicle with a bot that accumulates ownership in videos/posts/etc on these issues.
Let others buy and sell stakes in your new vehicle, riding on its value.
Every app. Every value stream. Composably financialized.
This smart contract ecosystem will not look like any other that presently exists.
It will likely be dominated by millions (within years, billions) of lower value contracts, traded by bots to provide liquidity for creators and produce high value indexes.
It will likely be dominated by millions (within years, billions) of lower value contracts, traded by bots to provide liquidity for creators and produce high value indexes.
The 6 new tools our ecosystem shipped today create a minimal viable ecosystem for the web of value.
Today, it is scrappy. There will be glass eating as the ecosystem matures. But everything you need in order to experiment and build in this new greenfield is now available.
Today, it is scrappy. There will be glass eating as the ecosystem matures. But everything you need in order to experiment and build in this new greenfield is now available.
To create this new bedrock took a huge amount of effort from many different builders in the Arweave ecosystem.
Building in this ecosystem is an honor because the people are just so awesome.
Relentless, hardworking, and fun -- even at 5am.
Thank you, everyone. You rock.
Building in this ecosystem is an honor because the people are just so awesome.
Relentless, hardworking, and fun -- even at 5am.
Thank you, everyone. You rock.
Curious to learn more?
Check out @ArweaveTeam's round-up thread below and stamps.live to start hacking with the first revenue stream in the web of value!
We can't wait to see what you build.
Check out @ArweaveTeam's round-up thread below and stamps.live to start hacking with the first revenue stream in the web of value!
We can't wait to see what you build.
https://twitter.com/ArweaveTeam/status/1555755500225957889
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