Transcription of InvArch’s 1st Twitter Space
Community AMA — March 10th, 2022
InvArch speeds up future technology & Innovation bringing ideas to life with utilities not possible today. The Protocol leverages the potential of NFTs and combines it with the security and interoperability of Polkadot to create the world’s first IP (Intellectual Property) Ownership, Utility & Cross-Chain Authentication Protocol for Web3. This article is a transcription of InvArch’s first Twitter Space that was held as Community AMA.
INTRODUCTION
AJ, Social Media Manager:
Welcome, everybody, to the first inaugural InvArch Twitter space. And this is known as our community AMA for tonight. My name is AJ, the Social Media Manager for InvArch. And today, in this space, we have our very own Dakota Barnett, also known as the founder and project Architect of InvArch. We also have Casey Richardson, our community manager. We have Elektrovenik, but his name is also Mikhail. He is our newly hired Strategic Growth coordinator. We also have Kresna, one of our lead engineers, and Mindaugas, our head of ecosystem development. And we also have Matheus, who is a recent hire as well. One of our engineers and I don’t see Gabe yet, but I’m sure he will be on here very soon. But yeah, I would say let’s get started.
And start off with a more of an introduction about the recent events of the project and letting the community know what’s been going on.
Dakota Barnett, Founder:
So one thing I want to do is just kinda diving in. There is a lot, a lot going on behind the scenes. Really exciting! Everything’s coming together. Really. It feels like it’s kind of like meant to be. It’s kind of beautiful way. So what we’re doing behind the scenes, we’ve been working on expanding. Day one, we add IP sets, IP files, the basic idea of having just ownership or representative ownership over these non-fungible assets and having non-fungible assets being able to own one another and all this stuff.
And it’s expanded so much! The composability now; it’s totally a different beast of its own. We have now it’s just again, providing the same functionality just as familiar as you are with your desktop: You create a folder; you create a file; you put the file in the folder; you put that folder with files and another folder, etc. You upload; you organize a repository for developers out there and a GitHub repository. You can organize your code; you’re versioning; you are able to store and use everything.
But behind the scenes, we also have this authentication going on that’s able to help protect and provide copyright protection over IP and provide this really expansive, really strong system we’re going to be introducing what we call sub-assets.
So revamping powered assets into pallet IPT. Having IP tokens, having sub-assets. That’s really exciting what can happen there: Having an asset pegged to an IP set that, let’s say, serves as a token of representing the ownership over the copyrights of an IP, you can have sub-assets linked to the same IP set that represents the functionality of utility tokens. You could have linked to that very same IP but separated tokens from the others. You can have a series of tokens representing different and customizable access or edit rights. And other again, other customizable use cases that I haven’t thought of; the team hasn’t thought of; things that we’re really excited to see come about.
It’s really fascinating when you think about all of the different mechanisms at play here: We have the ability for sub-assets to optionally kind of link to other assets to where you can have a proper proof of participation protocol showcasing a lot of that functionality as well, to where individuals of a sub-asset could be earned upon contributions to a project.
For example, let’s say for every five lines of code that someone pushed and that was accepted and committed to a project, they got one of those sub-assets, one of those tokens. They were able to earn those tokens. Obviously, those tokens represented not just their ability to participate in the edit; maybe those tokens serve as a bump to their staking rewards. Maybe those tokens can liquidate those utility tokens, which are common, like ERC20 tokens people are familiar with.
So that’s there’s a lot of stuff coming. I could talk about that for a while, actually. There will be IPL, so IP licensing will be very exciting. We aim to build a modular approach to different licensing agreements, having again like a modular library available for individuals to choose license in different licensing agreements and exploring the ability for individuals to upload their own licensing agreements. Even more excitingly, this is just an idea, figuring a way to incentivize or to reward those who create licensing agreements that are popular that are heavily used, so incentivizing again all participants the entire process everywhere across the chain so fixing all of that. It’s really cool.
I got a lot of exciting stuff going on. A lot of things are coming full circle, especially regarding the INV4 protocol. It is really expanded quite a lot.
So I’m looking forward soon to diving into what we call OCIF: On-chain innovation funding. As many of you know, there are three different mechanisms for on-chain funding for innovation for developments: IP staking, IP farming, IP donations.
We are looking at our flagship dApp to showcase the protocol, which we have been we’ve been calling GitArch. It’s a play, obviously, on gits. So GitArch is a decentralized git repository. We’re all very familiar with GitHub. We want to provide just as sleek, such as a smooth experience, just as intuitive, such as feature-full, if not more. That’s exactly what we’re going to be doing, aiming to provide not just another application, not just another dApp, not just an app or a dApp that showcases previous existing technology in a new ecosystem, we’re talking about absolutely new to the entire world, completely revolutionary technology. So it’s exciting.
But um yeah, let me stop now ’cause I’ll keep going forever. But if Casey or anyone wants to go and chime in before we move on to things.
TEAM:
Casey Richardson, Community Manager:
Yeah, absolutely. I just wanted to thank everybody for showing up. We do have a lot of exciting things to talk about. Some of the community stuff that we have to discuss and talk about the rest of you all coming up is very exciting. A lot of changes there. I think everyone’s gonna be very excited about it. Very pleased. We’re pretty excited to get into it with you all. So without a doubt, we can continue on.
Dakota Barnett, Founder:
We want to go ahead with Mikhail. I guess introducing yourself as a member of the team. As many of you know, he is a former global ambassador. He’s been around this since nearly day one. One of the very first among the very first, if not the very first Round of ambassadors to join the program, amazingly strong asset for the community, very passionate about InvArch. And just the amount of respect and admiration I’ve had for the passion that he has shown since day one of joining the team. I was impressed with him as an ambassador with a passion and fire brought to the table has been incredible. So it is really exciting. I don’t know if you want to just share any words or say hello to any former ambassadors or anything like that. [He does later].
QUESTIONS:
Dakota Barnett, Founder:
Let’s see what we have next on the menu. AJ., We have some questions. So we’ll just dive in and ask them directly, right?
AJ, Social Media Manager:
Yes, sir. So just from some previous questions directed to our Twitter, a most recent. I assume for clarification, but I think it’d be great to just clarify that here on our Twitter space.
Question: Will InvArch network be doing a seed round or a strategic round?
Dakota Barnett, Founder:
We’ve already completed our seed round. Actually, at the very beginning of last month, we shared featured on Cointelegraph press release, talking about the raise of our seed round. It’s $1.75 million, the amount raised. In doing so, we secured a $25 million valuation for the protocol. That’s because the $1.75 million raised was in exchange for 7% of our token supply so everyone can do the math.
Yes, we will be doing one strategic Round. However, it will be exactly that, very strategic. So we want to welcome strong, especially community assets. However, we do have a very strong, heavily thought-out game plan and intention going into the strategic Round. All that in the future look, always looking forward to sharing news when the time comes.
Questions about the discussions of the Testnet Tinker being launched as Kusama parachain?
Dakota Barnett, Founder:
Instead of launching Tinker as just a non-incentivized testnet is the discussion to instead launch on Kusama. However, It wouldn’t be a testnet. It would be an entire Canary network.
I’m gonna be honest, so right now, I’m brain farting between Westend and Rococo in my head. But the point is launching on Kusama is a bit different than just having a testnet. It’s a kind of a beast of its own.
How would the launch on Kusama affect the Roadmap?
Dakota Barnett, Founder:
I’ll be honest, the poll was very overwhelming, and I didn’t anticipate strong community support for it. Kusama has a lot of fun and excitement, and I truly love so many projects there. I’ve noticed many founders have built successful pair teams in the Kusama ecosystem. Big fan. Like Bruno, one of our advisors, he lives and breathes Kusama, and I could never convince him otherwise. It’s an amazingly strong community.
But I do mean from a raw like efficiency and practicality point backed by recent news of the ability for XCM over bridges. So, was this mean? It means that InvArch will be able to be deployed as a Parachain on Polkadot. The reason for revaluing the question was Polkadot’s security over the speed you’ll see with Kusama. Security is essential, actually working in the realm of IP and IP authentication. But the beauty of it is that we’re able to deploy on Polkadot, and in the future, we’ll be able to tap in and extend this functionality seamlessly to the Kusama ecosystem via XCM over bridges, so extending cross-chain authentication over bridges to the ecosystem. So providing extending that Polkadot level security and extending that to the speed of the Kusama ecosystems for developers and teams and projects in that ecosystem as well. So there will be no, I guess, features or utilization lost.
However, keeping all that in mind, it would be very expansive. It’s not something we would want to rush, Absolutely. It would become a very major task maintaining a second parachain. It’d be a lot more stressful on the dev team, as I’ve heard from a lot of actual devs who have built and been axle and the backbone taking part in this process.
We love it; it is very rewarding; however, it is kind of impressive and expansive as it is, and it does require a lot of our dedication, of our resources and attention and focus, and it’s excellent.
Staying on track like that is the most resourceful way for us to go. So we utilize the resources of our team, just focusing on building in providing class security on Polkadot and extending outward that way.
We will be launching the Tinker testnet on the 25th and running for a week. It’s going to be on incentivized testnet. I really like the idea of an incentivized testnet. Why? Some people love that, some people like incentivized, but in the midst of testing one thing, I understand there’s chaos, and it’s fun, but it’s also scary. So I don’t want to test with real assets or risk anything like that for individuals. And I just want to provide a nice, fun, safe environment where people can go nuts and just and really try to break it go nuts and really try to break it.
That’s it regarding Kusama. I apologize; it was like a tease bringing it up at first, and then we turned back on it. We thought about it. We did want to keep an open mind. We feel really good about where things are going.
Would the launch on Kusama attract more supporters for the project?
Dakota Barnett, Founder:
Hypothetically speaking, I would assume it would bring on more supporters. I’m a big supporter of a lot of Kusama projects. So I’m pretty active in the ecosystem. It doesn’t mean I know the larger communities, but I do have some good networking behind the scene there. So in that scenario, I would imagine we would tap in and expand more. Still, the beauty of Web3 and interoperability is that we’ll be able to do all this regardless of where we originally start in the Polkadot ecosystem.
Will Tinker have its native token or use VARCH like the Mainnet?
Dakota Barnett, Founder:
And it would have been a test token, the $TNKR token. We hadn’t decided yet how we would call it. It would have been separated as to not affect the total price prior to the Polkadot slot auction. And moving into one final question regarding Kusama.
Are two Nets with real assets suitable for the protocol; what will be the difference in minting someone’s IP on Tinker or InvArch?
Dakota Barnett, Founder:
So as far as to answer that, there’s actually a good question. I had seen this question earlier, I’m going to be honest. This actually did affect my thinking. This question did.
In order to achieve the objectives of InvArch, what is needed? Does this make sense? Not trying to cut corners, but could that time be spent, you know, realizing the vision, the broader role in better ways? And it is kind of a quick “yes.” Yes, just because in order to achieve what we are and because of the way that Substrate, Polkadot, and Kusama have been designed and are being developed. The beauty is that we can have that one main protocol and extend this protection and IP minting functionality throughout the entire ecosystem, all Web3, eventually one day all Web3. That would be cool.
The other thing was: what will be the difference in minting someone’s IP on Tinker or InvArch? That would just be it’d be XCA over bridges at work; we would be able to implement that. However, it also made me realize that more immediately, it would kind of rush development in some aspects. Because we wouldn’t be able. It wouldn’t be wise for us to go on and fully deploy InvArch until we had everything with XCA over bridges ready to go, which would be a big push back. So that was actually a really good question that raised a good point.
Question: Is there going to be usage and benefits to having one or more InvArch NFTs. Can 2 NFTs create a 3rd?
Dakota Barnett, Founder:
If you’re talking about the community in NFT. It’s good if you have multiples of the same kind because there are four different kinds. So if you have multiple the same type, then truthfully, it would be redundant in terms of the rewards. However, suppose you got the community NFT and the one for ambassadors; in that case, the one for Ambassadors will have slightly higher rewards when that time comes.
Regarding having multiple IPs on InvArch, that’s a whole other thing. An individual can authorize duplicates of their own IP that they own; they can IP replicate. As far as going to natively mint the same file a second time, you’ll probably run into a problem.
Question: Will InvArch be able to connect to other NFTs marketplaces?
Dakota Barnett, Founder:
Ideally, InvArch will be able to connect with other protocols, so others built in the Polkadot ecosystem. But one day, you will see Ethereum, Ethereum very soon, and one day extending to Cosmos and Binance. The tech is being developed; this is the future to extend and reach out to multiple protocols. That’s why tech exists. Those marketplaces are just giving you a UI to visualize, to interact with a UI covering the smart contract, covering those NFTs. Whereas InvArch embarks deeper than integrating and spreading all across Web3, across the future of the Internet to establish that lower layer, very similar to Polkadot. We’re one L1 blockchain but seeking to provide a layer zero cross-chain-authentication protection. Tapping into, as a result, multiple marketplaces that benefit.
AJ, Social Media Manager:
Amazing, awesome. I believe now Gabe’s mic and Mikhail’s mic is working. So we can start off with Mikhail and have him introduce himself to the broader InvArch community.
Mikhail Nikitenko a.k.a Elektrovenik, Strategic Growth Coordinator
Yeah, thank you. I’m sorry. I had problems with my headset, but no, it’s great. Okay. Yeah, my name is Mikhail. I’m working now as a strategic growth coordinator in InvArch. I came from the Ambassadors. I think a lot know me. I was from the very beginning with InvArch trying to help the protocol since it started. Now I’m helping them to develop in the correct way. So, my main purpose is to reach the communities that will be interested in using the protocol itself. And we have some significant things to share with you; maybe a little later, but my main focus is to find those use cases. And I would say there are a lot of them which could be implemented to InvArch. And we have some proposals already. And I think like with the help of our community, we will do just a fantastic job. All this technical stuff is really interesting, but you will be surprised how InvArch will change the world when it comes to real-world usage. I’m happy to be here, and I’m glad to all the team for inviting me to work with them. Thank you!
AJ, Social Media Manager:
Yes, absolutely. And personally, I would just like to say as the project Social Media Manager and someone who was hired as well. Working alongside somebody like Mikhail, who, just like our UI, UX designer Yaroslav, came from the ambassador community. It’s amazing to just really experience and witness the different talents and skill sets that people bring to the table, and Mikhail is really awesome to work with. And I think he’s a great asset to the team as everybody on here as well.
So, I would like to open up the floor and see if anybody has a question you’d like to ask the team members live. [But first, Gabe says a few words]
Gabriel Facco de Arruda, Co-Founder and Sr. Rust Engineer
Hey, everyone. I’m Gabriel. I’m one of the project’s co-founders and head of technical technology development. And right now, we’ve been working really hard to get Tinker ready. And I don’t have much to share regarding the tech because most of it has already been discussed. But you guys should be able to test it soon. And we’ll be looking into documenting everything, every kind of use case that can be tested for the Tinker testnet because we would like to see people actually try real use cases on it. So that’s why we’ve been taking some time to get it done. Because we don’t want to have just basic functionality, we want to have it so that you can properly test how you would use its full functionality of the main net. So, we will have everything, from minting IPs to running Smart IP, and that’s why we wanted to get this polish for the first Testnet.
Question: Can you tell us exactly how the RMRK founder (Bruno Škvorc) became a part of InvArch’s team?
Dakota Barnett, Founder:
Oh, yeah, I’ll be honest at that. I mean, so many great things happened between now and then; it’s been incredible. That day, it was that morning when I woke up; it was like one of the best feelings ever.
Bruno Škvorc is the founder of RMKR. I have had great admiration for him. By for reasons, a key reason beyond what one would initially think. He’s successful in all Web3 and in the Polkadot and Kusama ecosystem. It goes way deeper than that. And it’s a really raw admiration for the way he goes about problem-solving and thinking outside of the box to come up with more intuitive, better solutions.
How did he come to join the project? Honestly, what happened was I had messaged him on LinkedIn. I may have worked in politics, but in the Web3, I was nobody, and I knew that. So I sent him a message about InvArch, how powerful it is, and I gave him a lot of my confidence. But still, I was a very fresh fish in the sea of Web3. So to build up my LinkedIn, I added some requests starting with people from Parity and Web3 Foundation, these surrounding communities, and Bruno. I eventually sent him a request, and it’s funny. I don’t know if I ever told him this, but it was actually a kind of strategic plan, like a little bit in the making, and it shouldn’t. Really glad it worked out. It’s built all up because I’ve been watching his videos, learning through his YouTube videos talking about ecosystem studying, launching the first relay building, and all that. So I was a big fan who really fell in love with the tech side, especially learning about RMKR and everything.
So one day, I sent a message. I apologized for bothering him and told him about InvArch, which was obviously a bit different from today’s, and I got his attention. I didn’t think he would answer, but I got his attention. He answered me within the next few hours that he was interested in. So start talking about more. He has a few questions, there was a little casual conversation, and after a little, I asked him if he would like to join the project as an advisor. And he said “no.”
He said, not that he wouldn’t like it. He mentioned that he was very busy with everything with RMRK. He was just in the midst of his transition from leaving the Web3 Foundation and taking on RMKR full time. So to leave one responsibility to fully take on another one in tandem with agreeing to another one, yeah, it made sense.
I was a bit upset, a little heartbroken, but I understood, so I kept talking. I asked; if not him, then I imagine he would know someone who would hopefully be a great resource because that’s what I was after. So I sent him a message if he possibly knew a peer or someone who’d be interested in advising over the project. And very blunt, he told me, to be honest with you, he said, it’s a new project. Well, there isn’t really much on it. He said, Why should they? And I replied, I was very honest, talked a little bit about my background, I guess just my drive, so to speak, past accomplishments, and I don’t know, I just doubted me. I love it. It’s those things that are relevant to me. When I have a passion, I believe I’ll make it happen, but it’s beyond that, and I just wanted to share a few things and send the message. It was that. I fell asleep, and I woke up to my phone going notification. And this is a message from Bruno. He said, count me in! And I literally just woke up, and I was so ecstatic and happy and trying to process it. Still, yeah, that’s the story of how Bruno agreed to join InvArch. I convinced him first with the technology and then with also myself. Eventually, he agreed to join. I guess he wanted to make sure that, uh, he’s a match. He’s a popular guy, so he must get asked that a lot. He wanted to make sure I was serious, but I am. I love this stuff, I love InvArch, and I love the Web3 and everything that can happen. It’s a purpose that makes you feel more complete than a nice bowl of American cheese. But yeah, that’s my answer to that.
Twitter-User (Bob):
Question — What would music look like on InvArch? And if you think it would be possible to launch or establish a sort of a decentralized record label leveraging the InvArch tech. Thank you.
Dakota Barnett, Founder:
Nice, I love that question. I usually don’t go into it cuz music is a really hot topic. So like, I don’t want people to think I’m like trying to ride that wave, but it’s actually really exciting. Two ways we could go down. So you mentioned a decentralized record label and think like a decentralized GarageBand. So in one aspect, I’ll be honest, I never solely thought about just a decentralized record label. I’m a big fan of decentralized ownership over most centralized entities. So that would usually do well. That’d be fair. It is something that could be done today. Still, it’d be a bit messy when it comes to the actual streamlining of allocation. You put in smart contracts and all that, but um, there is a fiat equation that obviously makes like receiving payments, all that stuff, so it’d be a bit interesting. With InvArch, things are a bit different and get really exciting. Especially touching on, like I said, like a decentralized GarageBand, decentral Band. I don’t know; you can take whatever name. So imagine, for example, WAV files, something as simple as WAW can be individual sounds, which are used to comprise beats or tracks. If you’ve ever used GarageBand, those are those files. So having the ability for individuals to upload their files, but to make upload in full mp3 files, of course, providing a studio experience, not just for themselves, now it’s just decentralized, and it’s all stored decentralized, and that is good. That is fantastic. But what makes it more powerful. The point of technology is to make life easier to make life better; what helps achieve that is the social collaboration aspect. That is cool, so imagine that we set a decentralized band where someone has made a beat. It’s a really nice beat, and they have different licensing agreements in place. They’re able to allow other artists to sample. They could have it to where it’s just one artist; that could be the agreement. Or they could have it, where they allow 100 artists. They could have an open for anyone to use it. Just free to go at it with streamlined agreements in place. They could have it free, you know, some people just like upload stuff for free. But the point is, they can put their music out there, where they can be openly ironically exposed and protected at the same time. Where it’s safe but open to being utilized by other artists. Something normally to be careful against, but you want that exposure in this application. You want more individuals that use your beats, assuming that there’s an agreement in place where you’re getting a slice of that pie, whether it’s a little bit or 5% or whatever the agreement is of their royalties, which should be streamlined to you through your agreements. You could have 100 individuals sample the beat you’ve made, and 97 of them could be horrible. They tried just horrible. They’re not the hit. But three of them are really good. Two of them really really good. And that that’s enough to drastically impact someone’s life. Now they have multiple streams of recurring revenue generated off of the agreement that they’ve made from other artists sampling the tracks. An artist could then sample that track and make a remix. Now they’re getting an even smaller percentage, but still another, you know, percentage of income stream off of their original IP. So the collaboration aspect. I’m not an expert in music-making. So I’m not sure how collaborative you’d want to be working. Let’s say like I imagine you having typically just one individual besides you. If you have multiple, you could have a sort of like a proof of participation protocol put in there using sub-assets where contributions equate to a certain sub-asset. The sub-asset is representative of a scale to reflect your amount of participation in developing a track that at the end, when everything is set and done and there’re sales to be made, that could just be used. Obviously, if you produce a track, you don’t need to produce a cryptocurrency for your album. Sometimes it’s just nice to have the sub-assets there, not as utility tokens, but just as simple representatives for the percentage allocations of royalties. Yeah. So music is quite expansive. There are a few different takes on it.
Maybe even things out outside of whatever I even discussed now. But yeah, having decentralized ownership over IP of music, the beauty is music. Having copyright to copy over it is very, very easy. It’s very easy to streamline everything using InvArch, but taking advantage of that, where there is a collaboration or just making the music industry more lucrative and secure for independent artists, either one I see happening. So I’m really excited to see where things go. It’s actually one project I hint I would be interested in funding when we start the InvArch builders program.
Mikhail Nikitenko a.k.a Elektrovenik, Strategic Growth Coordinator
Can I add a few things? Imagine, there are some things like you’re a musician, you have a magical beat and need a baseline under the beat. You can usually just say, like, okay guys, just produce me some baseline under the beat, and they will record something and mint it as an IP File
and send it to you. You listen in and see if you want to include their music and collaborate. You have everything recorded on-chain, so you won’t have any issues about the rights and everything after because everything is recorded, all your relationships with it, so it’s quite convenient. So InvArch Will provide this, and this is very useful for musicians. I, as a musician myself, see a big opportunity in this.
Dakota Barnett, Founder:
Hopefully, it’s a smooth process, but again addressing the aspects of trust. Another good thing is that in this realm, when you have the agreements in place if someone else utilizes something, you don’t have to worry about whether the individuals are going to pay. It’s out of their hands when those agreements are in place, so you can kind of that sense of security the income streams produce from alphas royalty claim. You know, that’s being taken care of by computer logic code. I love people, but I also love some code.
Twitter-User (Bob):
Awesome, yeah. I’m glad to hear that you’re already kind of thinking down those lines. It’s something that it’s an idea I’ve been kicking around for a long time, and the more I learn about InvArch, the more I think it might be the best fit that I’ve seen so far.
Dakota Barnett, Founder:
Well, thank you, Bob. That means a lot. Those statements always mean a lot because InvArch is an idea I’ve had for a long time, and there is a lot of incubation in it. But, still, it adapts for it. It’s always a constantly evolving process. As I said, everything coming to light in the team has really been amazing. Someone can have an idea, but it takes a team to help bring it to life. I can’t stress that enough. That’s why we want to help extend all that to the globe as much as possible. Still, I’m tapping in and trying to revolutionize industries and just make collaboration and innovation simpler and easier. We’re not trying to reinvent the wheel, but we are putting some rubber on it or a hover wheel. Maybe that’s a more Web3 better analogy, but I appreciate that question, Bob. It is a really good question, thank you.
AJ, Social Media Manager:
Thank you, Bob, for asking your question and participating in our Twitter space. I have a question from our discord community, and this is obviously one for Casey. How will the work of an ambassador change?
Casey Richardson, Community Manager:
So the works of the ambassadors are going to be changing pretty drastically this month. We don’t want to release all the details yet, ’cause we’re still finalizing some pretty exciting things. However, they can expect some pretty key changes. We do anticipate that everyone will be pretty pleased with this.
We think that it’s going to be a lot more organized and flow a lot easier. Tasks will be able to flow faster. New challenges will be brought about this way. Ambassadors can anticipate a lot of exciting things in the near future because we have a lot planned for this month and the coming.
Dakota Barnett, Founder:
We don’t have finalized details yet, so I don’t want to say things inaccurately. As mentioned in the past InvArch weeklies. What we will do it’s not about the Ambassador program. The entire InvArch Discord as a whole may change, knocking down the borders, making a borderless community focused around what really matters, and that is the technology that is InvArch. So instead of having channels that as people come in, they have gathered by regions. That’s not really what we wanted. We want to get individuals gathered around regardless of where they’re from, regardless of what extent you know, native language. We want them to get it in a place where they can collaborate, share their excitement, share and express new ideas, brainstorm, talk about the project. We will be identifying several different community lounges, a general lounge, of course, and some focus around specific use cases and kind of like industries, so to speak, that InvArch can heavily disrupt.
So individuals know when they join the community and everyone who’s already there. When they want to talk about something, they’ll better know where to go. If they’re looking to learn more about the project, they’ll have an idea of how to go about things or where to look. We’ll be uploading a lot of educational material too; you know, publishing many articles. We have vertical videos planned, we have educational content that we’ll be adding to the Discord. There is a lot of educational content around the tech coming out.
We will really be revamping the Discord. There will be a major, a huge focus on the tech and generating excitement over the technology because anyone who has taken the time to learn about InvArch or anyone who I’ve had enough time to adequately explain the protocol to; I haven’t found someone who wasn’t at least interested, at least pretty really interested. It doesn’t guarantee anything. But it does show we’re all on the right path. There is a lot of powerful stuff coming. A lot of cool stuff will like focusing on revamping the Discord and all that with the ambassador program focusing on just having a more efficient program focused on tapping into the best of our ambassadors. Having the most effective program, mobilizing our ambassadors, and helping them spread the InvArch message to new communities as well as possible. So we do have a lot of pretty significant changes coming up. They will go into effect at the start of Round six. We’re currently in Round five. However, we’re going to make sure to get that information out prior, like, you know, get some feedback, let you guys digest it, so we’re not gonna just drop it on you at the last minute. We’re just finalizing a few last things. That’s all.
AJ, Social Media Manager:
Beautiful! Thank you. I would like to take this time to reintroduce another recent hire, Matheus, who is a Rust developer. If you could introduce yourself to our InvArch community, please.
Matheus Braña Iannuzzi Baliones, Rust Developer
I’m Matheus, you can also call me SOra, ’cause it’s my nickname in Discord, GitHub, here, and whatever.
I am one of the Rust developers of the team, and I’m also the main guy of the GitArch project. I’m now developing the GitArch for the project and helping the project grow on-chain. So yeah. That’s me.
Question: Will there be AMA in VR in the future?
Dakota Barnett, Founder:
We could. If we could host it, individuals could join in any. If they have a headset, they could join in. That’d be awesome, but away if they don’t have a headset, they could still join in because we wouldn’t want it to be restrictive or exclusive or anything like that. I think that’s actually a really cool idea. It’s not the metaverse. It’s just VR; it is centralized, which is a shame. This is cool. I’m really looking forward to the future, honestly. It’s actually quite impressionable just taking the technology and our efficiency. Our team is remote all around the globe, and in a moment, we can all be in the same room. It’s really awesome that. And like we said, we can have individuals from their computers join in. They can project on a TV screen. They see us while we’re in there. We can communicate with them just like speaking to someone on a Google meet or a zoom chat. Um, so it’s really cool the efficiency, the communication strengthening, and decreasing the communication gap. It’s really effective in it, so it’s pretty cool. It would be cool to have an AMA in VR, but only as long as we could get people in there, of course.
Gabriel Facco de Arruda, Co-Founder and Sr. Rust Engineer
There is a way to bridge Discord. We could get our video showing in a discord call. People could watch us through Discord and send messages through Discord.
Dakota Barnett, Founder:
Open discussion. I kind of imagining it now. Would we also be able to display another separate monitor screen? It would be cool if we could share it with them to have a like live demo. It would be something to be kind of a powerful tool to help communicate. Side note.
Gabriel Facco de Arruda, Co-Founder and Sr. Rust Engineer
We can have our VR itself showing in Discord for everyone, Discord chat showing on the screen as the other side of that transmission. Then on top of that, we can also have the normal monitor showing up in VR as we do on the board.
Question: Do you already have applications to buy tokens in the strategic Round?
Dakota Barnett, Founder:
I will be honest and completely transparent. I get a lot of messages about fundraising. It’s just we’re doing strategic; um, I’ve also been really busy the past month. So I just need to get used to it. There are many notifications on my phone across social media, emails; genuine like networking, connections, and the most spam I’ve ever seen in my entire life. So there’s been a lot going on, and I haven’t had a chance to necessarily sift through everything, but it’s been a lot of offers. We have a plan that we’re looking to execute soon and all of that. But yeah, just.
Just four folks, We’re now on building. We’re really excited about delivering some of the alphas that we got coming up. That’s really cool once; once released, it’ll be awesome.
Question: When it comes to the intellectual stuff that is talking about non-fungible, it’s going to be part of NFT, and is there going to be anything like maybe DEX for exchanges of any other stuff?
Dakota Barnett, Founder:
First and foremost, I just tap on the DEX real quick. So we actually have some plans in place for DEX, specifically regarding IPT’s IPT assets, sub-assets. So yeah, a DEX like an IP Dex, so to speak. So an IP Dex, decentralized exchange, a swap. I need to personally reach out to a really awesome project in the ecosystem regarding liquidity. So kind of bringing more beautiful DEFI features, having all that infrastructure in place, because we realize it’s going to be one expansive aspect, but for many even potentially just kind of a new little playground, a new field of DEFI that will be interesting when it comes about.
Regarding the architecture design, so to speak of an IP file or an IP set. It’s very similar to an NFT; imagine an IP file. Very similar. Key differences: technically, you can exchange a copyright agreement via purchasing an NFT. That does happen. However, most people in the world, including myself, buy them; it’s just similar to buying art. And that’s what NFTs are mostly right now. There are verifying your ownership over this, but there is no streamlined or copyright declaration. There’s copyright which is assumed. There is this very global, basic, globally respected, and I want to say the protected base of IP copyright law protection. However, when there are certain processes like IP ownership transfers, that isn’t an assumed thing. It’s not as simple as the transfer of an NFT. In most places, legally, there has to boil you, as we all know that that’s not the case.
I saw something. It was like 500,000 or $5 million that someone spent in an auction on a book, and they were going to bring the movie back to life and all this stuff. But they didn’t have the copyright. I would say misunderstanding, but you should know better to do something like that. NFTs are lacking that native clarity of copyright ownership. Not that they need to. There are certain use cases; not all artwork needs to have that. If I go in and buy something like a Da Vinci. I buy that and I don’t necessarily need to get the copyrights. So I can go make a Da Vinci. Not all things always make sense like that. However, we’re focused on the full composability of these files and the composability of their utility as well. So not just the composability of their ownership or you fit them into place or how you structure them, but the ability to tap into them, which is why we will be having a pallet license or IP license, so IPL, which will link different licensing agreements. You don’t have to always choose. There’s the default, just an NFT license standard, which is just the common NFT standard to the world today.
There’s that default. However, you can have a different license in place, something like restriction things. Still, it helps to clearly define and make the terms of ownership known these terms. If there was ever a transfer or the temporary granting like rights, I own the IP; still, I’m allowing someone to use it for a book or this way. I’m giving them the right to do that on those terms and conditions that would also be clearly linked to an IPF or IPS. And whenever a transfer or any type of interaction that sense. It’s, it wouldn’t just be like, okay, put in my password, enter. It’s asking I want to do this, and it’ll actually provide the terms.
We’d like to provide it through the UI of a wallet as a browser extension. It’d be nice to actually have the terms and agreements dropped through the wallet browser, and then you agree. It might sound like a small little thing, but globally, it’s a huge massive difference. Little things like that will help make InvArch very powerful and sound for protecting IP. Yeah, long answer, but that’s the gist of IPS, IP files. Yes, and not sure you can think of NFTs, but just think of all the complaints people have had about NFTs. Some people just misunderstand the technology, but some of them are valid. For example, there’s been a huge rise and plagiarism. I’ve seen an entire original marketplace that sold the first NFTs and stopped the sale because of plagiarism. So, there’s this legitimate problem rising. InvArch is the solution to it.
Conclusion:
Dakota Barnett, Founder:
That’s a good question too. Thanks. I’ll say that is getting a little late for me. I would like to thank everyone for coming out to our Twitter space. Really cool to have this going. We’ll also have some more AMAs coming up in the future. So stay tuned to our Twitter. We got a lot of stuff going on. I really always love having AMAs. But it’s been so busy since we had our last one. But you’ll be noticing a lot more engagement and activities. We’ll actually be more involved with the community helping everyone just to understand the technology as well as possible because we’re extraordinary, firmly convinced that that is the objective. So if we succeed in informing people and just letting people be aware and understand InvArch, it’ll take off. So that’s the big focus, looking forward to getting all the content out there in the education, sharing and talking about it more, and all the fun stuff. So I don’t know, Casey, if you wanted to, like chime in, maybe say words or Elektrovenik or anyone else.
Casey Richardson, Community Manager:
I wanted to thank everybody for tuning in. I don’t know where everybody else is located in the world. For some of you, it’s probably pretty early, and for some of us, it’s a little bit later in the evening. So no matter what time it is for you, I just wanted to thank you for tuning in and staying up to date with our AMA in our community. We do have a lot of exciting things planned. So I hope you stay up to date. Keep your eyes on our Twitter as well as our Discord. Yeah, thanks!
Dakota Barnett, Founder:
Yes, that’s alright. Run well with that, I guess. Just stay tuned. We will be releasing or starting off our education or article series here soon. So we will be releasing those regularly, focusing on those.
A lot of tech stuff comes exciting. We have Tinker. Don’t forget Tinker testnet, 25th, mark calendar. Looking forward to launching it from the 25th through the 31st. We have a lot of stuff that we were waiting to say. I’m just gonna shut up, and then when everything happens, it happens. But really, really excited for the future. Thank you to everyone who came out. I appreciate everyone and the questions as well. I always love talking about InvArch and just going into it all a bit.
But yeah, I’m looking forward to talking with everyone a bit more. So again, you’re gonna be seeing be just a lot more information, but more active in the coming days. But I gotta go, so thank you again, and I’ll talk to everyone later. Bye.
AJ, Social Media Manager:
Thank you so much to everyone that has come out tonight or this morning, depending on where you are in the world. Your presence and participation are always appreciated by the InvArch team. You know we are an amazing project, to say the least, but it makes it more phenomenal when we have our community behind us. We truly value all of you so much. But just again. Quick recap.
The InvArch Embassy initiative: March 22nd, looking to initiate the overhaul of the Ambassador program, very, very exciting stuff with that. So, look out for the careers and opportunities page on the website Invarch.network, where we will have been posting and opening up some positions for you know all to apply to and check out, so yeah, that’s pretty much it.
Again, thank you so much, thank you. We are truly grateful for all of you coming out to this AMA.
Visit InvArch’s official channels:
[Website][Twitter][Discord] [Subsocial] [Medium] [Telegram][Github] [LinkedIn] [Youtube]
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