DEIP wins grant from NEAR Foundation to build infrastructure for decentralized creator economy
The $50,000 grant will be used to develop infrastructure for the decentralized creator economy.
DEIP has announced that it will receive a $50,000 grant from NEAR Foundation to develop Web3 infrastructure for the creator economy. The funds will be used to complete several milestones including launching the DEIP app-chain on Octopus Network’s mainnet and developing a solution in its Web3 Constructor to enable the smooth transfer of NFTs from DEIP to NEAR. In receiving the grant, DEIP becomes one of the first projects to provide liquidity from Web3 Creator Economy to top NEAR projects.
Distributed ledger technologies like blockchain have been lagging behind expectations for several years and this has slowed the adoption of Web3. The problem has been that blockchain networks have been unable to perform at a level high enough to foster their application across a broad spectrum of business activities. This has been compounded by lack of interoperability between chains and the skill level needed to build functioning and worthwhile applications in Web3 environments.
NEAR is a high-performance blockchain that enables people to re-imagine finance, creativity and community. Created in 2018, NEAR is a next-generation proof-of-stake (PoS) blockchain protocol that can handle 100,000 transactions per second and with transaction costs based on system usage to make them predictable. DEIP’s technology aims to bring the global creator economy into the Web3 age. DEIP is creating a constructor which will allow you to create Web3 programs as easily as creating a website with WordPress. Moreover, DEIP is creating a novel technology which allows for the decentralized appraisal of assets and the fractionalization of NFT assets so that all creators can fund their work independently of centralized publishing platforms.
DEIP will be an Octopus Network app-chain, allowing it to be deeply integrated with the entire NEAR ecosystem. Octopus Network, the NEAR-based relay chain for Substrate-built networks, is built for launching and running Web3.0 application-specific blockchains — appchains. Octopus gives DEIP the opportunity to integrate with one of the best smart-contract chains available: NEAR protocol. Integrating with NEAR allows DEIP to provide functionality for DEIP protocol participants to experiment with assets created on the protocol.
“The support from the NEAR Foundation grant will open great possibilities for us to unite the Creator Economy Network ecosystem with NEAR’s ecosystem,” Alex Shkor, CEO and Co-founder of DEIP, noted.
DEIP is working on the creator economy and developing the most advanced decentralized protocol for it. DEIP aspires to establish it as a core infrastructure for realizing the full potential of creators all across the world. The DEIP creator economy protocol allows intangible assets to be discovered, evaluated, licensed, and traded. It was created with intangible asset tokenization (F-NFT), governance (through DAO), and liquidity in mind (via DeFi instruments and derivatives).
About NEAR
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to re-imagine finance, creativity and community in new and inclusive ways.
NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Join NEAR’s community:
Telegram: https://t.me/cryptonear
Discord: https://discord.com/invite/UY9Xf2k
Twitter: @NEAR_Blockchain & @NEARProtocol
About DEIP
The DEIP Creator Economy Protocol is the first Web3 protocol for high-value asset tokenization and governance. The DEIP Constructor is an open-source constructor that allows you to create Web3 apps in no-code or low-code mode.
DEIP is a Web3 tech company that is reinventing how intangibles are assessed. DEIP has developed a unique technology for this purpose: a mechanism for obtaining expert consensus on the quality of intangible assets and formalizing this knowledge into quantitative indicators. These metrics give a precise assessment of any intangible asset’s quality and potential (like patents, research, movie scripts, human capital, etc.).
