InvArch Weekly Wednesday: July 27th, 2022
Watch the InvArch Weekly Update on YouTube: https://www.youtube.com/watch?v=70VNoXqyl7k
Hello to you all in the InvArch and broader Dotsama and Web3 communities!
We hope you have been enjoying your week so far! As always, we have exciting updates and news to share with you on the project and, therefore lots to unpack in today’s InvArch Weekly Wednesday.
Let’s get to it!
Tinkernet Parachain on Kusama
On August 8th (according to block time), Tinkernet will be onboarded and deployed to the Kusama Relay!
Tinkernet joining Kusama will primarily realize the INV4 protocol–the most, in tandem with the RMRK NFT standard, composable NFT standard in Web3 today. Why will INV4 be the leading composable standard for NFT assets? It is unlimited, it is unmatched composability. It’s just like files and folders on your computer right now, but with InvArch, your NFTs (known as IP Files on InvArch) are multi-resource; you have your NFT consisting of other NFTs that are attached to it, and other NFTs attached to those NFTs, etc.
In Web3 today, the NFTs everyone is familiar with are known as “NFT 1.0” — JPEGs, PNG files, or even PFPs (profile pictures); with the RMRK standard, you can, for example, have a pfp with a changing background that plays your favorite music, or upload a video to the background, etc. With InvArch’s IP Sets, they allow true tree-like structure for NFT assets; you have your files and folders like on your computer, and you can have a folder, in that, various files within folders, and with those folders, more files and folders, and so on (which can be hypothetically endless) — now take this same concept but with NFTs!
What InvArch is doing is realizing what gives files and folders power in the world of composability; such files and folders calling on and depending on one another. The INV4 protocol (with RMRK and INV4-GIT), it’s more than just unlocking a new level of composability, this is the” end all, be all” because of, like the git protocol, it allows for file management and version control but now on-chain; we have on-chain repositories as NFT assets and hold other NFT assets inside of them. Such on-chain repositories can be connected to IP Tokens, for not just refungible ownership, but multi-layer fungible classes for tokens. Such IPTs could give certain developers specified access rights to work on the repository or to be part of a DAO. IPTs (IP Tokens) could also provide a form of experience tracking for contributors within a repository, and thus can unlock bonuses and rewards for their contributions.
In less than two weeks, Tinkernet as a parachain, the INV4 protocol, and all the amazing things about and connected to it, (i.e., Tinkernet being the first to showcase pallet implementation of RMRK NFTs (for Substrate)) will exist on Kusama.
This will be the most advanced bleeding edge NFT solution primitive network in all of Dotsama, if not, in all of Web3.
The OCIF Protocol — First on Tinkernet
In approximately two months after the deployment of the Tinkernet Parachain, the OCIF or On-chain Innovation Funding protocol will go live!
If you haven’t read it yet, the last InvArch Eduseries article explores the OCIF protocol much more in detail:
InvArch EduSeries 5: Supercharging Developers & Empowering Innovation With OCIF.
Welcome to the InvArch EduSeries: a series of articles introducing the significance of the InvArch network, explaining…
The OCIF protocol will also be first realized on the Tinkernet parachain on Kusama; shoutouts to Astar Network for inventing dApp staking for smart contracts, as OCIF protocol was influenced and inspired by Astar’s discovery of and work on dApp staking.
With the OCIF protocol, InvArch realizes IP staking or NFT primitive staking, which realizes a model for decentralized crowdfunding through this staking protocol, towards the funding/kickstarting for projects and other IP asset initiatives.
dApp staking is essential for providing incentives for the next wave of dApp developers building the new internet, on the other hand, there are so many other kinds of initiatives, types of projects that are to be and should be realized to help the world further. With the OCIF protocol, it opens up users to an immediate, immutable, and transparent platform for exposure, community feedback, and receiving funds allocations based on the feedback obtained to kickstart their ideas.
Website Update and Branding Update
If you have been on our Twitter profile, you may have noticed some new branding!
This is foreshadowing upcoming changes that we will be applying to the rest of our social media accounts, and our website (https://invarch.network) as well.
Last week, we did report on the latest update in regards to the “InvArchitects Assemble” — InvArch Builders Program. Along with the website and branding changes, we want to ensure that these are finalized and polished so that we can also have the InvArch Builders Program up on the website for easy and seamless onboarding and processing for registration, for example. It is also to ensure that the website is abundant with content and resources for the developers who will be participating in the InvArch Builders Program! About seven days from now, all of this should be ready to go!
Tinkernet Crowdloan Rewards Allocations
The calculations for the TNKR rewards allocations have been finalized for all those who contributed to the Tinkernet Kusama crowdloan!
The Tinkernet Crowdloan saw over 10,000 KSM contributed, and in return for contributors, over 880,000 TNKR rewards + 468,000 in bonus TNKR unlocked (Inducement Bonus Allocations).
The bonus TNKR is being distributed amongst individuals who contributed between the very start of the crowdloan up until the 8000th KSM. Such individuals achieved ‘thresholds’ that unlock ‘weight’ for them; there is a weight pool, so the amount of weight you have determines your share of that pool, which determines one’s share of the inducement bonus.
With this announcement, we highlighted last week that Pedro, a new member, will be joining the InvArch team. He is our Lead Front-end Web3 Developer, a phenomenal individual who has killer UI and UX experience with blockchain.com, Uniswap, and our friends from Talisman (thank you for sending him our way!) With Pedro’s talents and overall help, you can expect a nice user interface for contributors to be able to check their wallets and their TNKR crowdloan rewards.
Keep your eyes on the @TinkerParachain account as all Tinkernet and Tinkernet Crowdloan updates are announced through there!
The InvArch Ambassador Program
If you’ve been liking what you have been hearing from today’s Weekly Wednesday, or if you have been keeping up with us in the last few project updates and on social media…
If you want to be a part of this amazing journey and help realize the IP Meta Protocol and Digital Rights Management Network of Web3, built to accommodate, integrate, enhance, and to one day replace the archaic system that does not further innovation, nor help propel and protect inventors and innovators alike and the creations that they generate, we encourage you to apply to the InvArch Ambassador Program!
To apply — go to https://invarch.network/community > scroll down > click on “Go to the application form.”
In conclusion, it’s almost Tinker Time with Tinkernet onboarding and deploying on Kusama on August 8th, the INV4 protocol + RMRK NFTs pallet implementation first being realized with Tinkernet, the OCIF protocol going live two months after, new branding and website changes, Tinkernet Crowdloan contributors receiving their rewards allocations, and our Ambassador Program welcoming new, driven, and passionate ambassadors!
Thank you for keeping up with us, and we’ll see you next week! 🚀