HK Ecosystem | IOST & DBX Global Strategic Partnership to Drive Integrated Development of DID Products & Services in Web3

Joining Forces to Shape the Future of Web3 with Advanced Blockchain-based Social Platform and Core Digital Infrastructure

IOST is happy to announce the official strategic partnership with DBX Global, a Web3 social platform based on blockchain DID. This collaboration aims to jointly drive the integrated development of DID-related products and services on the blockchain. In the future, both parties shall comprehensively plan and strategize their cooperation in various aspects, including expanding the on-chain ecosystem, organizing user activities, and community operations. Together, we will explore new paradigms and possibilities for the future development of Web3.

Integrated DID Products and Services in Web3

The widespread adoption of DID within Web3 is of utmost importance. Currently, the application of Web3 DID remains in its early exploration stage within the industry. Although some teams are dipping their toes and building applications, challenges like high user participation costs and fragmented technological frameworks still prevail. As a core component of Web3 decentralized digital identity and Public Key Infrastructure (PKI), DID significantly influences global network security and data privacy protection.

Additionally, decentralized social platforms are of great importance for Web3 users. They represent one of the most prominent subcategories within the realm of SocialFi. However, SocialFi remains in its early development stage, with numerous challenges demanding resolutions. Most Web3 social platforms available in the market are not user-friendly.

Considering these factors, IOST inked this strategic partnership with DBX Global, a Web3 social platform founded on blockchain-based DID. Together, we aim to drive the integrated development of DID products and services on the blockchain. Moreover, both parties shall collaborate extensively to strategically implement plans for various areas, including expanding the on-chain ecosystem, organizing user activities, and community operations. The overarching objective is to establish a stable, highly scalable, and secure Web3 social platform with low entry barriers, exceptional usability, and reliable security. This collaboration seeks to provide a shared and collaborative Web3 social platform for a diverse user base.

DID — Core Digital Infrastructure of Web3

Decentralized Identity (DID) stands as a pivotal component within Web3, encompassing the mapping and extension of the Web2 concept of “user profiles” into the realm of Web3. Currently, DID has emerged as a prominent concept within the Web3 domain. Discussions revolving around DID, often referred to as “Sharing Time,” have become a regular occurrence on social media platforms like Twitter. Moreover, DID remains a key and enduring theme during various Web3 sharing events.

Functioning as one of the cornerstone elements for user (individual, organizational, and community) participation in co-creating Web3, DID addresses various practical issues encountered within the Web3 landscape, such as fraud and piracy. It serves as a core digital infrastructure that is globally emphasized for the construction and enhancement of Web3. DID offers novel solutions for the ownership and governance of data and information, endowing users with rightful ownership of their digital identities. This empowers Web3’s continuous innovation and development towards a dynamic, enriched, and diversified direction.

About DBX Global — Web3 Social Platform based on Blockchain DID

DBX Global, a Web3 social platform built on blockchain-based DID, is dedicated to resolving challenges related to social information authenticity and the governance of fraudulent environments. It aims to provide decentralized social functions and services to the Web3 community, including features like coin-based chat, an open platform for DAO tools, and multidimensional social graphs.

Presently, DBX Global has successfully completed a seed funding round of $2 million, led by ABCDE Capital, Bitrise Capital, and TokenPocket.

Key Advantages of the Project

• In comparison to traditional Web2 social platforms, DBX Global not only offers superior privacy protection and decentralization but also boasts a more precise and centralized user base. DBX Global’s community group chats cater to specific player segments, making it easier for users to find topics and communities that align with their interests.
• Diverging from other Web3 social platforms, DBX Global incorporates a token mechanism where users are rewarded with tokens based on their behavioral data. This enhances user engagement and loyalty, while also providing an opportunity for users to derive economic benefits from the social platform. Moreover, as a decentralized Web3 social platform, all users within DBX Global possess specific DID identities, enabling them to retain complete control over their personal data.

Product and Technological Advantages

DBX Gobol app: A Dapp available for both iOS and Android.

Built upon blockchain DID technology, Debox has developed the DBX Gobol app, which encompasses six critical application scenarios: DAO, NFT, Club, Event, Group, and Moment. It encompasses various practical utilities such as voting, funding, lottery, transfer, airdrop, whitelist, multisig, and fundraising.

NFT Series:

• DeBox Guardians Penguin | 2E floor price | 2048 supply | free mint
• DeBox Guardians Eagle | 1.1E floor price | 2048 supply | free mint
• DeBox Guardians Cobra | 1.1E floor price | 2048 supply | mint price: 0.08ETH
• DeBox Guardians Rabbit | 1E floor price | 2048 supply | mint price: 0.08ETH
• DGS | Coming soon

The overall design of the DeBox app is characterized by its simplicity, and the process of creating an account is straightforward. Users who have TokenPocket and Metamask wallets installed can conveniently connect their wallets for seamless authorization and login.

Resources:

• 340,000+ Registered Users
• 10,000+ Daily Active Users
• 50,000+ Monthly Active Users
• 10,000+ Community Groups
• 20,000% NFT Growth
  …

IOST: Web3 Blockchain Operating System

IOST serves as a Web3 blockchain operating system featuring a full-stack technology service architecture that spans the entire ecosystem of Web3, including the network layer, middleware layer, application layer, and access layer. Developers can leverage JavaScript, the most widely adopted programming language globally, to author smart contracts on the IOST blockchain. This has fostered a substantial community of developers contributing to the IOST mainnet ecosystem. Their expertise within various domains continuously bolsters the popularity of decentralized products, as well as the provision of practical and user-friendly developer tools.

Since its establishment in 2017, IOST has been deeply immersed in blockchain, utilizing the V8 JavaScript engine, identical to Google Chrome, as the core for executing smart contracts. Building upon this foundation, IOST has made significant blockchain-specific enhancements, ensuring performance, correctness, and security within the mainnet.

Following the mainnet upgrade in 2023, IOST 2.0 will feature higher throughput and usability, becoming a truly Web3.0 blockchain operating system. IOST 2.0 — The Merge. IOST will adopt the Beacon Chain + Smart Chain EVM compatible architecture, and both will communicate using the standard Engine API. Furthermore, IOST 2.0 will continue to evolve and upgrade multiple sub-chains, including general-purpose EVM smart contract chains and specialized sub-chains such as NFT chains, gaming chains, and AI Native chains.

In the pursuit of innovation, IOST 2.0 will continue its evolution, bringing numerous enhancements to side chains. These include both general-purpose EVM smart contract chains and special-purpose side chains, such as those dedicated to NFTs, gaming, and AI Native chains.

As a pioneer of Web3, IOST is commited in its mission to drive the innovative development of the on-chain ecosystem. Its commitment is deeply rooted in its involvement in a handful of fields. We shall further drive communication and cooperation with exemplary strategic partners such as DBX Global, combining diverse innovations within the on-chain ecosystem with a high-dimensional openness. These efforts will foster collaboration among global communities, driving the iterative research, development, and innovation of core technologies such as blockchain, AI, data storage certification, cross-chain interoperability protocols (CCIP), privacy computing, XR, and more. Collectively, these initiatives will reshape the new ecosystem of on-chain DID, providing multidimensional and profound empowerment through the “IOST Data Innovation Engine.” This will standardize, regulate, and perpetually innovate the development of Web3 social interactions.

If you possess any resources or collaboration intentions related to the intersection of Web3 and AI, please don’t hesitate to reach out to us at any time.

• IOST Hong Kong Office Email: hk@iost.io
• DBX Global Hong Kong Office Email: deboxhongkong@gmail.com