DEIP launches mainnet on Octopus Network with special event announced

Alexandra Serykh
DEIP
Published in
2 min readApr 18, 2022

DEIP mainnet allows for tokenization and governance of high-value intangible assets for the creator economy.

DEIP launched its mainnet on Octopus Network to give the Web3-meets-creator-economy firm a bridge to the NEAR ecosystem for fungible token transactions and provides an initial set of validators. DEIP-NEAR-Octopus collaboration brings tokenization of intangible assets and increased liquidity to the economy of creators.

The problem with the current model is that the market is focused on capturing value and hoarding it via centralized platforms. Web3 technologies like DEIP create a new set of rules which democratize access to resources for creators, shifting the creator economy towards a new model where the focus moves to value creation to unlock the full potential of intellectual assets.

DEIP’s mainnet is able to register fungible and non-fungible tokens, transfer the tokens, and perform atomic swaps (exchange tokens from different blockchains). Using the mainnet, we can create DAOs, add/remove members and change thresholds within the DAO without re-generating the multisig key, and govern tokens by DAO.

Inspect the DEIP mainnet

The key features and benefits of DEIP mainnet include multi-account transactions (proposals) that allow you atomically execute a batch transaction that involves different signatories (participants). This builds on the default of this for Substrate batch transactions, which can be executed only by a single signatory.

The release of the mainnet is just the beginning with plans for it to be developed further. Future releases include plans to add F-NFT (fractionalized non-fungible tokens), some models for token exchange (i.e. auctions, donations, etc.), and support the most popular standards for NFTs such as ERC-721. Later, DEIP plans to migrate to a native blockchain.

To celebrate the launch of the mainnet, DEIP is holding a special event in the metaverse. Along with special guests and partners, DEIP will provide a unique opportunity and allocate some tickets to the community as part of a giveaway. This will allow community participants to meet the key members of DEIP leadership team and have a say in the discussions about the development of the mainnet.

Stay tuned for updates; more information about the consent and the prizes is coming.

Stay tuned for further updates by following DEIP:

Website | Twitter | Telegram | Github | Discord | LinkedIn | YouTube

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