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        <title><![CDATA[Stories by Dapplets Project on Medium]]></title>
        <description><![CDATA[Stories by Dapplets Project on Medium]]></description>
        <link>https://medium.com/@dapplets?source=rss-52ce42215eb8------2</link>
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            <title>Stories by Dapplets Project on Medium</title>
            <link>https://medium.com/@dapplets?source=rss-52ce42215eb8------2</link>
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            <title><![CDATA[Dapplets Platform-explained]]></title>
            <link>https://medium.com/@dapplets/dapplets-platform-explained-f048bc48112e?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/f048bc48112e</guid>
            <category><![CDATA[development]]></category>
            <category><![CDATA[startup]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[web3]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Thu, 21 Jul 2022 11:00:07 GMT</pubDate>
            <atom:updated>2022-07-21T11:00:07.611Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*WKughbH69IGxLpLEdV3AbQ.png" /></figure><p>Below you will find a technical overview of the Dapplets Platform.</p><p>This information will be especially useful for developers, or anyone else who wants to create a dapplet using our technology.</p><p>However, it is unlikely to provide the average (slightly less tech-savvy) user with the sort of information they need to build a solid picture of what the Dapplets Project is.</p><p>For this kind of information please refer to <a href="https://dapplets.org"><strong>our website</strong></a></p><p>and <strong>these articles:</strong></p><p><a href="https://blog.dapplets.org/why-do-we-need-an-augmented-web-part-2-85a110620b13">Why we need an augmented web (part 2)</a></p><p><a href="https://blog.dapplets.org/why-do-we-need-an-augmented-web-part-3-58d25de2d965">Why we need an augmented web (part 3)</a></p><p>Dapplets is a platform for decentralized applications that augment websites.</p><p>To use the platform you have to download the <a href="https://github.com/dapplets/dapplet-extension/releases">extension</a> and add it to your browser. We recommend using Google Chrome.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*xfLxBulgYMxbRHeCklzrQQ.jpeg" /></figure><p>These applications, which we call dapplets, can get information from web pages, analyze this information and insert widgets.</p><h3>Widgets:</h3><p>Widgets can be very simple: a button, an icon, or a badge. You can also create more complex widgets, such as different forms or informational blocks.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Fdm1EZS3KyTFPnWInFUd0g.png" /></figure><p>For more information about widgets please refer to these exercises:</p><p><a href="https://docs.dapplets.org/docs/extra-button">Extra button</a>, <a href="https://docs.dapplets.org/docs/widgets-interaction/">Widgets interaction</a>, <a href="https://docs.dapplets.org/docs/widgets-iterator">Widgets iterator</a>, <a href="https://docs.dapplets.org/docs/web-components">Web components</a></p><h3>The overlay:</h3><p>In addition to widgets, we also provide an extension overlay that can increase dapplets’ possibilities. An overlay is a single-page application (SPA). Through the overlay, you are able to interact with widgets, connect wallets, get data, and save it.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ap4SlgMpjZEn08zXTktQGA.png" /></figure><p>For more information on the overlay please refer to this exercise:</p><p><a href="https://docs.dapplets.org/docs/overlays">Overlays</a></p><p>You can use multiple dapplets at the same time, turn them on when you need them and turn them off when you don’t require their functionality. Most of the dapplets only work on certain websites. If a dapplet doesn’t work on the current website it will not be shown in the extension’s dapplets list while you are on that website. For example, you will only see the GitHub Dapplet in the list of dapplets if you are on <a href="http://github.com">GitHub</a>. My Nifty Collection is a dapplet that only works on <a href="http://twitter.com">Twitter</a> so you will not see it while you are on GitHub.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*qaOHsmHlk7sGdtOokv69WA.png" /></figure><p>We do, however, also have possibilities to create dapplets for different websites: virtual adapters, viewport adapters, and adapters for dynamic contexts (currently it’s only the video adapter). Information about the viewport and virtual adapters can be found in our documentation.</p><p>To try the video adapter you can turn on the Video Comments dapplet that works on YouTube, Twitter, and other websites that have video content.</p><p>Dapplets Project is decentralized, open-source, unstoppable, and permission-less, to achieve this we use blockchain technology extensively in our ecosystem. We use Ethereum and NEAR blockchains. The registry of all the dapplets is an Ethereum contract. To store dapplets users’ data we write contracts on both of the chains.</p><p>Currently, we use Goerli Testnet of Ethereum, NEAR testnet, and mainnet.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*moXAxlUBrrf7W57cg2MuFw.png" /></figure><p>We also use decentralized storage such as Swarm, SIA, and IPFS to store dapplets’ data.</p><p>You can store modules, overlays, and images for manifests there.</p><h3>Where can I find help?</h3><p>If you need information about how to create a dapplet, an adapter, or how to run and deploy them, first look at our <a href="https://docs.dapplets.org/docs/installation">documentation</a>. There you can find some common information and exercises that describe different features the dapplets platform provides.<br>If you’ve not found the answer to your question you can always contact the Dapplets team here:</p><p><a href="https://discord.com/channels/569770026412933140/819967684431183922"><strong>Dapplets Discord channel</strong></a></p><p><a href="https://t.me/dapplets"><strong>Dapplets Telegram channel</strong></a></p><p>Become a contributor to our growing community of developers</p><p>Feel free to visit &amp; subscribe to our social media:</p><p><a href="https://github.com/dapplets"><strong>GitHub</strong></a>/ <a href="https://twitter.com/dappletsproject"><strong>Twitter</strong></a><strong> / </strong><a href="https://www.instagram.com/dapplets.official/"><strong>Instagram</strong></a><strong> / </strong><a href="https://discord.gg/YcxbkcyjMV"><strong>Discord</strong></a><strong> / </strong><a href="https://t.me/dapplets"><strong>Telegram</strong></a><strong> / </strong><a href="https://bit.ly/3zTm4lY"><strong>YouTube</strong></a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=f048bc48112e" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[Community Manager Hiring]]></title>
            <link>https://medium.com/@dapplets/community-manager-hiring-b7391902aef5?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/b7391902aef5</guid>
            <category><![CDATA[hunting]]></category>
            <category><![CDATA[jobs]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[web3]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Tue, 12 Jul 2022 08:34:58 GMT</pubDate>
            <atom:updated>2022-07-12T08:34:58.921Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*dIpUZMJBUQeONzmjaz-eIg.jpeg" /></figure><h3>About Dapplets</h3><p>We are building an open Augmented Web Infrastructure for decentralized Apps (dapplets), all powered by crypto technologies.</p><p>Our system is open-source and available to developers anywhere in the world.</p><p>Dapplets Project is an open and self-governed Public Good entity. The platform is publicly available to anyone and enables a lot of new augmenting applications, both public good and commercial. Anyone who shares our values can join the project and share our common success. We strive to create an environment that appeals to the very best people in the WEB3 world.</p><p>Read more about Dapplets on our <a href="https://dapplets.org/">website</a>, <a href="https://docs.dapplets.org/docs/">docs</a>, <a href="https://twitter.com/dappletsproject">Twitter</a>, or <a href="https://medium.com/@dapplets">Medium</a>; chat with us on <a href="https://discord.gg/3QMEdYf5">Discord</a> and check out our code on <a href="https://github.com/dapplets">Github</a>.</p><h3>About the Role</h3><p>The Dapplets Community Manager will be responsible for helping build and support our growing base of users, business partners and investors, focused on global markets. The community manager will take ownership over a wide variety of both strategic and day-to-day aspects of the Dapplets community.</p><h3>Responsibilities</h3><ul><li>Participate in creating community strategies, brand and content</li><li>Build, maintain and promote a vibrant community culture on Discord, Telegram, Twitter and other social media channels;</li><li>Expected to learn WEB3 cryptocurrency space and build brand awareness of our capabilities within the community;</li><li>Drive community adoption and track progress, compile regular digests of Dapplets updates and relevant news and communicate these to our community via social media channels;</li><li>Work closely with Product, Engineering, Marketing and Communications teams to write and share critical information</li><li>Create and host events on our Discord server and Twitter regularly</li><li>Organize and participate in on &amp; off-line events to promote Dapplets project and support steadily community growth</li><li>Answer both technical and non-technical user questions and troubleshoot. When necessary use support of the Engineering group</li><li>Recruit and manage a team of part-time moderators\ambassadors based around the world</li><li>Leverage data and insights from the community to surface issues to our product team and leadership</li></ul><h3>Qualifications</h3><ul><li>Native English speaker</li><li>Rich experience in community management of cryptocurrency/WEB3 projects</li><li>Clear communication, attention to detail and strong work ethic</li><li>Strong familiarity with WEB3 technologies of today, passionate about crypto and decentralization, and are eager to up-skill and hone knowledge in the crypto space</li><li>Previous crypto community management experience</li><li>Advanced knowledge and experience working with project management tools like Jira, Confluence, Google Office Applications, and others</li><li>Multilingual is preferred (Russian/Spanish/Chinese and or other languages), but not required</li></ul><h3>Benefits</h3><ul><li>Flexible and remote working with an international team in a dynamic environment</li><li>Manage a position of significant impact and autonomy</li><li>Become a WEB3 expert, bringing open and fair decentralized web services to users all over the world</li></ul><p>An exciting opportunity has become available for an experienced North America Community Manager NOW!</p><p>So you are interested? Email us: work (at) dapplets.org</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=b7391902aef5" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[How to launch a successful crypto project]]></title>
            <link>https://medium.com/@dapplets/how-to-launch-a-successful-crypto-project-312e845eb52f?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/312e845eb52f</guid>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[sec]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[startup]]></category>
            <category><![CDATA[regulation]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Wed, 18 May 2022 07:30:50 GMT</pubDate>
            <atom:updated>2022-05-19T14:00:28.413Z</atom:updated>
            <content:encoded><![CDATA[<p>The pitfalls</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*UJcdpBO7V_EnAef56h9OHA.jpeg" /></figure><p>As a crypto/Web3 project ourselves we are constantly thinking about what the right step is for us, how we should go about it, and what is essentail at this moment in time. When do you start forming a community? When do you look for partners? When do you launch your token?</p><p>Pinpointing these things can be difficult without the right information and resources. We’ve put together some thoughts and findings, for all of you who might be having similar questions.</p><p>It is important to note that this article is focusing mainly on crypto startups like us, and was conducted specifically with our project in mind. Dapplets are a platform for building small decentralized application on top of traditional websites, this means that blockchain platform projects are likely to have a different approach and structure. We would thus like to underline the importance taking into account the specifics of your own project as what might be relevant to us will not be relevant to everyone.</p><h3>The Three-step system</h3><p>Decentralization is essential to crypto projects, but achieving it too early or too late can lead to a whole range of problems. Jesse Walden of Andreessen Horowitz outlines the following steps as guidelines for achieving the right amount of decentralization at the right time.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*au7-CEp9l7OO9ou8S6alNA.jpeg" /></figure><ul><li>The product must be something that people need and consider valuable, otherwise there will be no users and no business.</li><li>Projects which belong to the users, can succeed due to a cooperative economic model, which helps guarantee that cryptocurrency services remain user-oriented even as they expand and grow. Community-operation and ownership make projects sustainable and self-sufficient.</li><li>To achieve a decentralized control of the community it is important to follow the regulatory requirements.</li></ul><p><strong>1.Product/market fit.</strong></p><p>At this point the project does not need to be decentralized. The project team makes all of their decisions based on the market fit criteria.</p><p>Launching a token at this stage is also not recommended as this can lead to a breach of the regulations. According to the Howey test, a dependency on the main project team is one of the reasons for a token to be considered a security. Thinking about a token launch at this point is also a bad idea as it distracts the team from product development.</p><p><strong>2. Community participation</strong></p><p>At this stage you can do several things: invest in good documentation, develop openly, offer rewards, grants and other stimulation for outside developers. Another good idea is hiring community leaders to help govern open-source development, and establish a harsh consensus when making any decisions.</p><p>Consider rewards that will not only attract community members but will also stimulate them to stay and actively participate regularly. The team might consider testnet programs, or test airdrops with a group of community members, as well as an allocation of test tokens for validators — these are all methods of decentralization. However, it is important to be precize with your calculations, these decisions must be made after an analysis of the community members’ behaviour and their suggestions.</p><p><strong>3. Sufficient decentralization (community ownership)</strong></p><p>After the first two steps have been achieved the 3rd step can begin.</p><p>This part is seen as a cumulative “community release”. This would usually be done in the form of an airdrop to community members and partners, that is planned beforehand during the second step. At this point the project’s team can safely say that their project is sustainable, community-owned and operated. A lawyer should usually be consulted with here to ensure smooth sailing.</p><p><strong><em>It is vital that each of the steps is achieved consecutively, in the right order. If the steps are carried out in the wrong order the following problems may arise:</em></strong></p><ul><li>If you start giving out tokens too widely or too early it is likely to result in a community of speculators and profiteers.</li><li>Without a working product the ownership is meaningless and the community is unlikely to stay.</li><li>Missing step 2 will result in “fake decentralization”. You will have an inactive community who depend on the project team and are not self-sufficient.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*O34ABZ7D3Bk3LK8bd-6dNA.png" /><figcaption>Source: <a href="https://a16z.com/2020/01/09/progressive-decentralization-crypto-product-management/">Progressive Decentralization: A Playbook for Building Crypto Applications | Andreessen Horowitz</a></figcaption></figure><h3>Regulations</h3><p>The most common problem for decentralized projects is funding. There is no centralized entity (such as Google or Microsoft) so where do you get the money for creating, governing, supporting, and developing the project? This is where blockchain and tokens come in. The former provides a decentralized form of control over resources while the latter is a way of financing the development of the project.</p><p>Tokens however, bring a whole new set of regulations and responsibilities that many projects fail to acknowledge. Crypto is infamous for scams and is thus heavily regulated. To ensure the success of your project and honest, fair communication with your partners and community members, certain regulations must be followed.</p><h4>What is the Securities and Exchange Commission’s job and what is it protecting us from?</h4><p>If the creators of a project lie about what they’re producing or sell tokens with the promise of their fututre growth, the buyer has the option to sue them, in accordance with the Securities Act of 1933 and the Securities Exchange Act of 1934, because what they have received is in fact a security. The buyer’s expectations about revenue are directly linked to the project creators’ promises. And if these promises aren’t kept, those expectations can’t be met. At the moment of the project’s launch a partner’s investment depends completely on the information provided by the founders and the guarantees made by them which incentivise the investor’s decision.</p><p>For an asset to be considered a security and to fall under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) it must undergo the Howey test and have all of the following four criteria:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*EoNOEkAjG2PVm-B2j8GnQQ.jpeg" /></figure><p>The main principle behind this is the fact that the nature of the investment contract can differ from the nature of its object.</p><p>When we are discussing tokens their nature as an investment contract is not an inherent quality. In fact it depends on the conditions and can change over time.</p><p>Let’s look at each one of these points closely and see what they entail.</p><p>Please note that <strong>all four</strong> criteria need to be met to pass the Howey test and for the project to be considered a security.</p><ol><li>A financial investment</li></ol><p>It’s important to be aware that according to the SEC a payment with assets or services is still considered an investment and will also pass the first criteria of the Howey test. This is why mining and node-validators can still be considered a security according to the Howey test.</p><p>2. In a common enterprise</p><p>The main idea here is that when several different people are giving money to one project, it becomes a common enterprise.</p><p>3. With the expectation of profits</p><p>It’s possible to try and present the project as a product or a service, which is offered on the basis of the token, so the project looks like it’s crowdfunded. But this will be hard to argue.</p><p>4. From the efforts of a promoter or a third party</p><p>The first three criteria will most likely be met by most crypto projects as they are very hard to argue against. The fourth critera however, is one where you need to be the most careful to save your project from passing the Howey test and being considered a security. What we must pay attention to here is the “efforts of others“. If the project is functional and decentralized its success and revenue doesn’t depends on the creator. It depends on the project’s functional value and the market demand. This means there is no longer a need for these “efforts of others“.</p><p>Writing a code can be an endless task, this is why a “functional“ project is one that does what is promised. Since the code and data are publicly available and can thus be forked, the project can develop in different directions. Different versions of the project can work under different rules (with different governance models and voting systems). Of course the project’s creator can still take part in working on the network, updating the software and correcting mistakes, but according to Howey the tokens used in functinoal networks should not be an investment contract.</p><h3>Conclusions:</h3><p><strong><em>If the token isn’t necessary for the functioning of the project, and the project is not decentralized this will result in regulation.</em></strong></p><p>Tokenomics should be planned beforehand. Tokens should enter the market out only after the project has been launched, they should be directly linked to the functionality of the project, and their utility must be defined by some aspects of the project.</p><p><strong><em>Seeking capital prior to the launch of the project will result in regulation.</em></strong></p><p>You can collect investments after the project is already functioning. if the participants of a sale knew beforehand that the tokens will be released only after the project is functioning, this lessens the regulatory pressure.</p><p><strong><em>If an early investor can argue that the deal was made on the basis of a guarantee of a token’s future growth this will result in regulation.</em></strong></p><p>The team should not publish any “business plans for the upcoming year“, which can be converted into a Token Bonding Curve and used to predict the growth of the project’s token price.</p><p><strong><em>It seems that when analyzing the “Expectation of profits derived from the efforts of others” part the SEC focuses on whether the leader of the project is taking an active part in the promotion of the project.</em></strong></p><p>It is a good idea to create a separate foundation that deals with grants and marketing, without the involvement of the project’s lead.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=312e845eb52f" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Dapplets extension — 0.48.0]]></title>
            <link>https://medium.com/@dapplets/dapplets-extension-0-48-0-8e9e6d5270b0?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/8e9e6d5270b0</guid>
            <category><![CDATA[developer-tools]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[documentation]]></category>
            <category><![CDATA[developer]]></category>
            <category><![CDATA[web3]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Wed, 13 Apr 2022 08:15:36 GMT</pubDate>
            <atom:updated>2022-04-13T08:15:36.443Z</atom:updated>
            <content:encoded><![CDATA[<h3>Dapplets extension — 0.48.0</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*LbKdBkTsaWxSm7O6FZxdyg.jpeg" /></figure><p>The Dapplets extension update has two new features:</p><ul><li>Shared State interface</li><li>Two-way binding</li></ul><p>Simple and intuitive data structures will be available to use when accessing state information from your code. This is realized in the dynamic adapter and the extension.</p><p><strong>Shared State interface</strong></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*QeMqLGg_bhYKzE9XiPOFmQ.jpeg" /></figure><p>The Shared State interface allows you to exchange information between the overlay, the dapplet, and the server.</p><p>Basically, it is a storage of the dapp’s state — the attributes of widget instances, labels, selected context (e.g. tweets), etc.</p><p>Previously, when any of these structures were changed, the developer had to manually send messages to and from the overlay, and manually collect them on the other side.</p><p>Now, this is done automatically and is provisioned by the platform for the developer’s convenience.</p><p>When you alter the state of the dapplet it’s automatically updated in the shared state and therefore changed in the overlay. They are synchronized. However, here, the binding is only one-sided, and to change the data on the server it’s necessary to send special requests from the dapplet.</p><p>This is an example of Shared State from our MyNiftyCollection dapplet:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*MbmfYKmRkF3OtT7iF5GvWg.png" /></figure><p><strong>Username</strong> — the username that was interacted with. The interaction is initiated by clicking on the avatar or the badge. The attribute is accessible from the dapplet and the overlay but not from the widget context.</p><p><strong>Current </strong>— a calculated attribute that shows whether the username belongs to the user that’s currently logged into Twitter.</p><p><strong>Theme</strong> — Twitter design theme. Can only be ‘DARK’ or ‘LIGHT’. It is received from the Twitter adapter and is stored here for the developer’s convenience.</p><p>These parameters are static in the dapplet’s context, and can be retrieved using the all key.</p><p>avatarNft, avatarNftBadge, accounts - The following parameter group is stored under the authorUsername key. These usernames represent the individual Twitter users&#39; data, each one of them contains the following parameters: avatarNft, avatarBadgeNft и accounts. The first two parameters (avatarNft, avatarBadgeNft) are complex structures and are created using data from Paras/Mintabase/Dapplets smart contracts. accounts is a list of testnet and mainnet NEAR accounts that are linked to the Twitter profile.</p><p><strong>Two-way binding feature</strong></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*KFk4EDGbOmNGfBVGR87ByQ.jpeg" /></figure><p>The Two-way binding feature is directed toward dapplet widgets.</p><p>The feature allows you to compare the state variable with the widget variable. This allows the widget (e.g. a Twitter button) to be updated automatically when the state is altered.</p><p>The Two-way aspect of the feature is the fact that widgets are also able to alter state if they are aware of how this can be done (e.g. if there is an input field)</p><p>The Shared State interface can be used in the overlay by connecting the @dapplets/dapplet-overlay-bridge library, starting from the 0.1.2version.</p><p>The library contains HOC (Higher-Order Components) classes, which can be used to work with the state. The Higher-Order Components are updated automatically when the state is changed by the dapplet.</p><p>Read the documentation for these updates here: <a href="https://docs.dapplets.org/docs/shared-state">https://docs.dapplets.org/docs/shared-state</a></p><p>All these features are currently being tested and will be available in the 0.48.0 version of the Dapplets extension.</p><p><strong>Dapplets Project</strong> | <a href="https://dapplets.org/">https://dapplets.org</a>| <a href="mailto:contact@dapplets.org">contact@dapplets.org</a></p><p>Become a contributor to our community of developers: <a href="https://github.com/dapplets">https://github.com/dapplets</a></p><p>Feel free to visit &amp; subscribe to our social media:</p><p><a href="https://t.co/4HBqF5JEbh">t.me/dapplets</a> | <a href="https://t.co/H5QXfK9AY9">http://discord.gg/YcxbkcyjMV</a> | <a href="https://twitter.com/dappletsproject">https://twitter.com/dappletsproject</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=8e9e6d5270b0" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Web3 in practice: Dapplets Project connects Ethereum Swarm to YouTube.]]></title>
            <link>https://medium.com/@dapplets/web3-in-practice-dapplets-project-connects-ethereum-swarm-to-youtube-410b465d7e5f?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/410b465d7e5f</guid>
            <category><![CDATA[ethereum-swarm]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[cancel-culture]]></category>
            <category><![CDATA[web3]]></category>
            <category><![CDATA[blockchain]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Sat, 09 Apr 2022 16:40:26 GMT</pubDate>
            <atom:updated>2022-04-09T16:40:26.906Z</atom:updated>
            <content:encoded><![CDATA[<p>The development of this project and the associated research were done with the support of the Swarm <a href="https://www.ethswarm.org/ecosystem.html.">grant program</a>.</p><p>The internet now is not the internet it was even 10 years ago. It evolves, grows, and develops new lifestyles and patterns. Communities play a vital role in this evolution. These new behavior patterns affect our lives enormously. Like any change, it is both good and bad at the same time. Unfortunately, it’s not always possible to distinguish between the good and bad when you are inside of the move.</p><p>One recent paradigm brought to the forefront by the rising power of communities is CANCEL CULTURE.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Ld-Ae4YxuS0PH94QU1LcDA.png" /></figure><p>There is no single accepted definition of this term, but at its worst, it is about unaccountable groups successfully applying pressure to punish someone for opinions that are perceived as wrong. The victim ends up losing their job or is significantly harmed in some way, well beyond the discomfort of merely being disagreed with. The main lever of pressure that’s utilized by communities is cutting off the victim from the internet and the possibility to express their opinion in public. For others (probably neutral or even supportive) it looks like the person simply disappears…</p><p>Starting as an attempt at free speech the concept developed itself into a form of harassment, intended to silence anyone who sets their foot out of line under the nebulous tenets of “woke” politics.</p><p>Luckily, the cure for such ill behavior is known and is quite popular. The WEB3 concept brings us to a third era of the internet and is defined by decentralization, declining trust in institutions, and a new way of looking at value creation and value capture. We can look at Web 3.0 as an inclusive set of protocols to provide building blocks for internet application makers. These building blocks take the place of traditional web technologies such as HTTP, AJAX, and MySQL, but present a whole new way of creating applications. These technologies give the users strong and verifiable guarantees about the information they are receiving, the information they are giving away, what they are paying, and what they are receiving in return. By empowering users to act for themselves within low-barrier markets, we can ensure censorship and monopolization have fewer places to hide. That Cancel culture can go back to its root definition of supporting free speech instead of erasing the uncomfortable from the conversation.</p><p>When we look at the early concept of the WEB3 architecture we can easily see that most of the decentralization effect has been applied to the server-side of the stack, leaving the front-end part untouched.</p><p>At the same time, we know that the client, as always, uses a URL to access desired content and (thanks to WEB2) publishes his content which is accessed by his audience using his URL address.</p><p>The majority of this user-created content is published using various forms of Social media: Facebook, Youtube, Twitter, Telegram, Google Drive, various Blog platforms, etc….</p><p>There is a variety of service providers here, but the concept stays the same: <strong>the content is mine, but the storage and access I have no real control upon.</strong> It’s Facebook and Google (or some other media giant) that really own MY DATA and MY USERBASE. Therefore, as we have already learned through changed user agreements, we do not have control or any right over it.</p><p>In practice, this means that your content, your access, and your visibility to your userbase can be taken away easily and you will not have any right to object.</p><p>Most likely you will not even know until it’s been done and there’s nothing you can do.</p><p>This understanding and the desire to solve this issue and recover the users’ right to not only to speak freely but (in some cases even more importantly) to be free to choose what to see and listen to is what motivated the Dapplets Project.</p><p>The goal was to create a Protocol and a Platform that would allow users to augment on an L4 layer.</p><p>(You can read more about the platform <a href="https://blog.dapplets.org/why-do-we-need-an-augmented-web-part-3-58d25de2d965">here</a>)</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*BvM0U36s44C9NIWHlzN6vw.png" /></figure><p>In simple words, with the help of the Dapplets Extension, we are able to manipulate, or as we call it augment, HTML that’s already been received by the end-user.</p><h3><strong>Swarm Search</strong></h3><p>The idea to prevent YouTube from blocking and deleting channels is a perfect example of how the WEB3 paradigm can be applied to the currently monopolized internet.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*W78tH1WRW2f4dsaRX0K4kg.png" /></figure><p>The Swarm Search dapplet was created using the Dapplets Protocol. The dapplet aims to protect Youtube videos from deletion by placing them in the decentralized SWARM storage and providing the possibility to find and see them on standard YouTube and Google Video search pages.</p><p>The application is a set of modules that augment YouTube and Google search pages with data from the decentralized SWARM storage.</p><p>We’ve looked at two user roles:</p><ul><li><strong>Uploader</strong> — a user uploading files to SWARM.</li><li><strong>Searcher</strong> — a user searching for something with an activated Search Dapplet.</li></ul><p>We have thus created a number of modules to make the application work:</p><ul><li><a href="https://github.com/dapplets/swarm-search/tree/main/packages/swarm-indexer-dapplet"><strong>Indexer Dapplet</strong></a> — augments Swarm Gateway to collect metadata from Uploader.</li><li><a href="https://github.com/dapplets/swarm-search/tree/main/packages/search-dapplet"><strong>Search Dapplet</strong></a> — injects search results to third-party websites.</li><li><a href="https://github.com/dapplets/swarm-search/tree/main/packages/search-server"><strong>Search API</strong></a> — a server that proxies the Elasticsearch engine and transforms data to OpenSearch compatible format.</li><li><strong>Elasticsearch</strong> — an engine implementing a full-text search.</li></ul><p>“Third-party” components are used to enable the decentralized storage of the files that are saved:</p><ul><li><a href="https://gateway.ethswarm.org/"><strong>Swarm Gateway</strong></a> — a website for free file uploading to SWARM.</li><li><strong>Bee Nodes</strong> — Swarm network that stores data in a decentralized way.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Vw0aIXUbWlxQk4Qn3AMKzw.png" /></figure><p>You can easily download the platform and Swarm Search <a href="https://github.com/dapplets/swarm-search">here</a></p><p>The Swarm Search dapplet demonstrates the power of Web3 and a decentralized front-end design. It protects the content owner from the monopolistic outrage of site/URL/social media owners. At the same time, it adds an important search capability to the decentralized search platform (SWARM) respecting its permissioning setup and monetization principles.</p><p>As a next logical step, the creators of the dapplet are planning to re-implement the back-end indexing part, strengthening its decentralization aspect, and like any true crypto project, adding motivation/monetization capabilities offered by the Dapplets platform’s possibilities.</p><p>Another possible development for the Swarm Search dapplet we’d like to implement is to enable access to Swarm Searching using other websites. Currently, the dapplet can only be used on YouTube and Google search pages, but by creating adapters for more websites it can be enabled for e.g. Facebook or any other social media page.</p><p><strong>Dapplets Project</strong> | <a href="https://dapplets.org/">https://dapplets.org</a>| <a href="mailto:contact@dapplets.org">contact@dapplets.org</a></p><p>Become a contributor to our community of developers: <a href="https://github.com/dapplets">https://github.com/dapplets</a></p><p>Feel free to visit &amp; subscribe to our social media:</p><p><a href="https://t.co/4HBqF5JEbh">t.me/dapplets</a> | <a href="https://t.co/H5QXfK9AY9">http://discord.gg/YcxbkcyjMV</a> | <a href="https://twitter.com/dappletsproject">https://twitter.com/dappletsproject</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=410b465d7e5f" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[The Lootbox dapplet]]></title>
            <link>https://medium.com/@dapplets/the-lootbox-dapplet-16b18633011e?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/16b18633011e</guid>
            <category><![CDATA[web3]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[decentralization]]></category>
            <category><![CDATA[nft]]></category>
            <category><![CDATA[blockchain]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Thu, 31 Mar 2022 14:30:36 GMT</pubDate>
            <atom:updated>2022-03-31T14:30:36.315Z</atom:updated>
            <content:encoded><![CDATA[<p>by Dapplets Project</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*6WaLRXLLWRP43zqjDDCdMw.png" /></figure><p><strong>About</strong></p><p>The Lootbox dapplet allows you to host airdrops and giveaways directly on your social media page, where all of your followers can participate.</p><p>The airdrop is presented as a clickable image of a special box. When the Lootbox is made, the creator loads it with tokens or NFTs and selects the number of possible winners. Once the Lootbox has been posted anyone who can view your social media page is able to participate in the lottery.</p><p>The Lootbox dapp is a great tool that helps facilitate airdrops and giveaways, making them more fun and convenient. No more complicated mechanisms, and randomizers, your followers simply need to click on the Lootbox once to receive their prize.</p><p>The dapplet can be used by community managers, companies, or just really generous individuals.</p><p><strong>How to</strong></p><p>To create the airdrop all you need to do is:</p><ol><li>select a Lootbox design (currently there are 5 available)</li></ol><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Ve25KdEp6tnSibnEtu1eKw.png" /></figure><p>2. set the parameters</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*EQ5-WELrWoJCr4L-eSvR3w.png" /></figure><p>3. fill it with tokens or even NFTs.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*W9KaqwB3detZFFwBwShxYw.png" /></figure><p>You then need to post a small code in the form of a link on your social media page.</p><p>Users who have the dapplet installed will see a clickable Lootbox image instead of the code.</p><p>To start the lottery process the user simply needs to click on the Lootbox.</p><p>If the user wins, the prize is sent directly to their crypto-wallet.</p><p>Every user is only able to play the lottery once.</p><p>The dapplet prevents malpractice by users with multiple accounts. The dapp links your social media account to your crypto-wallet, thereby making it impossible to use different accounts to play more than once.</p><p>If the user doesn’t have the dapplets extension installed, he will see a link instead of the Lootbox.</p><p>The link will redirect him to the airdrop webpage, where a set of instructions will explain how to join the lottery.</p><p><strong>Future development</strong></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*YsfwYYbS5G44O6LuZbNaiw.png" /></figure><p>The dapplet is a useful tool for community managers and can also be used as a loyalty-building mechanism. Right now the dapplet is in the final stages of development. After testing and releasing the dapp on the mainnet, we’d primarily like to see mass adoption by different communities and platforms.</p><p>We believe it significantly facilitates the airdrop process and makes it much more entertaining for the community. In the future we see the dapp being used by crypto investment communities, enterprises (for internal HR needs), and NFT marketplaces.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=16b18633011e" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[What is Web 3 and what does Dapplets Project have to do with it?]]></title>
            <link>https://medium.com/cryptostars/what-is-web-3-and-what-does-dapplets-project-have-to-do-with-it-aac81e45bd62?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/aac81e45bd62</guid>
            <category><![CDATA[web3]]></category>
            <category><![CDATA[dapplets]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[decentralization]]></category>
            <category><![CDATA[internet]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Mon, 21 Feb 2022 04:28:28 GMT</pubDate>
            <atom:updated>2022-03-17T11:54:44.196Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*GTlLLbhmdKWgKtrBSZt1SQ.jpeg" /></figure><p>Web3 is a concept that was invented in 2014 and is still being shaped today. It is a complex idea with no clear definition. In this article, we will discuss what we believe Web3 means and how it’s been realized.</p><p>We will then talk about our contribution to Web3 and where we believe it should be heading.</p><h3>A brief history of the web</h3><p><strong>Web1</strong></p><p>In 1991 Web1 was born. It was a read-only internet. People were not able to interact or contribute to the content that was presented to them. Users were simply consumers of information. This internet was not profitable in any way.</p><p><strong>Web2</strong></p><p>In 2004 this changed as the world began its transition to Web2. You were now able to interact with the content on the internet. You could communicate with people, and provide information yourself.</p><p>The users became actively involved in content creation. This began with website personalization and then swiftly moved on to become the norm with the rise of social media.</p><p>So while Web1 had a client-server model, Web2- what we have now, is formed and shaped by its users. The information the users provide however does not exactly belong to them. It is kept on servers that are not under the users’ control and thus they do not have much power over it.</p><p>Websites often collect this data to serve their users better content, but also to make profits and sell this data to advertisers and other organizations. This didn’t seem fair not only because of a lack of privacy, but also because it felt unjust that corporations should be the ones to profit from this user-generated content.</p><p><strong>Web3</strong></p><p>The driving force behind Web3 was decentralization. The main purpose of this was to create a shift, to make users not the products, but the owners of their content. To decentralize the internet and create a space where there would be no controlling authorities.</p><p>The idea was, that if you are able to personally create content, you should also be able to collect all the benefits from it. Followers, attention, money.</p><p>In a Web2 world, you create the content but the ones who gain followers are the people who control the servers. They are also the ones collecting all the profits from advertising.</p><p>In a Web3 world, however, consumers would become prosumers. They would be able to consume content, create content, and be the ones fully in control of providing this content.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*IEkNVhivgh6HQgPoeanIsg.jpeg" /></figure><p>This would of course also affect censorship and privacy. As you are the only person in charge of your content you would be the one to decide if it should stay up, or be taken down. You would be the one to decide if you want companies to use your data for advertising purposes, and you would also be the one to collect the money for it.</p><p>Web3 wanted to take out the middlemen, to form true peer-to-peer transactions, which would have us controlling our own data.</p><p>It wanted to take back what belonged to the users. It felt right that users should own their own data, and also profit from it. This is a question not only of money but also of justice. For a long time, it has been impossible for newcomers to succeed on the internet due to it being controlled by a small number of large corporations such as Google, Amazon, Microsoft, Apple, and Meta (Facebook). These few companies have dominated the market, controlled all user data, and reaped all the profits. One of the main benefits of Web3 was the opportunity to change this. With the possibility to create apps that are open source and profitable, startups would have a chance of success and open up new business models, which would include economic incentives that would make sure that everyone performs and behaves correctly.</p><p>Web3 was also supposed to not only be decentralized but also democratic. This would mean no centralized legal entity and no employment contracts. All participants would be motivated financially by network tokens. With the possibility to buy shares of projects, people would also get to have a say in their future. Communities would get to vote on decisions and this would create a sort of community governance.</p><p><strong>Blockchain — from an idea to reality</strong></p><p>Originally Web3 was just a utopian idea. It was about data democracy, and about a censorship-free, decentralized, democratic future.</p><p>In 2014 this idea was realized by Vitalik Buterin who established Ethereum — a decentralized, open-source blockchain with smart contract functionality.</p><p>While the creation of a user-controlled decentralized internet was happening, the financial industry was not standing still. A democratic financial system was being developed, which was evolving according to the same principle as the internet. It went from big banks that controlled everything to payment systems that provided democratic payments that connected countries and continents, to the realization of cryptocurrency.</p><p>What cryptocurrency gave was democratization, and a lower entry fee, it allowed cheap and safe transactions between any users. This was exactly what Web3 needed to realize its ideas and motivate its followers and users financially.</p><p>This changed everything. Crypto-currency was all anyone was talking about, it blew everyone’s minds and became the biggest hype of the century.</p><p>Web3 became inseparable from the idea of new possibilities such as Crypto-currency, NFTs, Metaverses, etc. It became a synonym for all things futuristic, new, and unconventional. To an outsider Web3 was not about a democratic, decentralized, user-controlled internet, it was about digital money, gifs being sold for millions of dollars, and 3D worlds.</p><p>Naturally, this led to many bystanders not fully grasping the concept, and perceiving Web3 as something over-hyped, confusing, and overall not trustworthy.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ciyJCRDsT9kH_QgKo0OCww.jpeg" /></figure><h3>How we see Web3:</h3><p>What Dapplets Project aims to do, is to go back and take from the original Web3 concept.</p><p>Our goal is to support and further develop the idea of Web3 — an idea that supports free, independent, and thoughtful participation in the creation of a public, communal internet.</p><p>In order to do that, we first had to analyze the current Web2 model and see how it could be improved. There are two main flaws- the tight monopoly that the website owners have over the users’ attention, and the fact that until recently, all decentralization efforts focused on the servers rather than the users. This means that the front end has remained centralized and continues to be controlled and monopolized by the website owners.</p><p>In Web2 large companies profit off of data that we provide ourselves. Not to mention the fact that most social platforms are usually politically or socially biased, which leads to a clear propagation of a certain point of view to the users. We do not have a say in our news feeds or advertisements, and often, the information presented to us is not necessarily beneficial.</p><p><strong>With all this in mind, we began to develop our own, slightly evolved, concept of Web3.</strong></p><p><em>Web3 is first of all — decentralized. Not just for website owners, but mainly for the users.</em></p><p><em>Web3 is also communal.</em> It consists of DAOs (Decentralized autonomous organizations), but instead of being run by a few individuals, they are governed by the community. This community buys shares to support these organizations and therefore gets to vote (no matter how small your input is) and have a say in decisions made by the DAOs which Web3 consists of. This way we ensure democratic governance.</p><p><em>Web 3 is anonymous, but also transparent.</em></p><p>In Web3 you would use one login for all your websites and social media. This login would be linked to your crypto-wallet which would represent your activities on the internet. This means that all your transactions would be public, and would remain on the internet forever, however, Web3 does not require you to provide any sensitive or personal data. Your wallet can be anonymous and is identified only by an address. You are, of course, allowed to add your personal details but there is no such requirement.</p><p>Web 3 is the next-generation internet. <em>It is customizable, innovative, and available to everyone.</em></p><p>The main problem with Web3 right now is that it’s centered only around the crypto community. Around people who understand what smart contracts and nodes are, who know how to use hardware wallets, and are basically all IT specialists.</p><p>We think Web3 should be available to the average user, it should not only be intuitive and easy to use, but also interesting for them. Web3 should be customizable. It should give its users not only freedom from the website owners’ control but also the tools to shape their own internet.</p><p><em>To let the users control their own UX, and shape it according to their needs and desires.</em></p><h3>So how is Dapplets Project realizing Web3? (a bit about the technological aspect)</h3><p>Dapplets Project is an Augmented Web platform that establishes connections between traditional websites and crypto-protocols. The platform’s main function is the creation of an additional layer of information on top of traditional websites.</p><p>To achieve decentralization the platform implements several crypto technologies.</p><p>Blockchains such as Ethereum and Near are used in order to save dapplets’ registries. Decentralized storages like Swarm, IPFS, and Arweave are used for hosting dapplets’ code and multimedia.</p><p>All these factors make dapplets decentralized, permissionless, and unstoppable.</p><p>Now let’s talk about how this affects the users.</p><p>Dapplets Project’s platform consists of several adapters. These adapters work with the content, the overlay panel, the core, and the dapplets themselves.</p><p>These adapters are able to embed elements like buttons, badges, and other controls, into site pages. Meaning new functionalities and endless possibilities.</p><p>The Content Adapter embeds widgets on websites. The ViewPort Adapter handles widgets that are attached to application windows (e.g. floating buttons). The Virtual Adapter works with specific sites or site categories. We can have an adapter for Twitter, or a single adapter for a social networking site. You can create an overlay — a panel that displays any additional information or functionality required. A wallet or any other management services can also be added by using the core.</p><p>In most of the dapplets we’ve created so far you are represented through your crypto-wallet. This functionality makes sure all your transactions are transparent, yet completely anonymous.</p><p>Our technology makes decentralized application creation quick, easy, and accessible.</p><p>By providing a wide variety of development opportunities Dapplets focus on the users and their well-being. They are given control of their UX, and are able to easily control what they see and decide what they want to use, freely, without any 3-rd party intervention.</p><p>An aspect of Web3 many find challenging is finding a way to present browsers, websites, and social media in a way that’s familiar to the users. Dapplets Project has not only found a solution to this issue but has already successfully implemented it in several projects.</p><h3>To sum things up</h3><p>We strongly believe that Web 3 should be:</p><ul><li>decentralized, permission-less</li><li>communal, democratic</li><li>anonymous but transparent</li><li>customizable, innovative, and available to anyone</li></ul><p>Dapplets Project takes all of these points and realizes them all in one small browser extension.</p><p>By only adding an additional layer of information on top of an already existing website we keep the UX disturbance as minimal as possible. This allows us to add new functionalities without scaring the users and completely changing the interface they are already so used to.</p><p>Our project creates a bridge between Web3 and the general user, making it truly accessible to the public.</p><p>Web3 is a complex idea that has evolved to mean many different things. We have presented our view on the concept and where we believe we should be heading.</p><p>Dapplets Project — Web3 as it should be.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=aac81e45bd62" width="1" height="1" alt=""><hr><p><a href="https://medium.com/cryptostars/what-is-web-3-and-what-does-dapplets-project-have-to-do-with-it-aac81e45bd62">What is Web 3 and what does Dapplets Project have to do with it?</a> was originally published in <a href="https://medium.com/cryptostars">CryptoStars</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[What makes an NFT valuable?]]></title>
            <link>https://medium.com/@dapplets/what-makes-an-nft-valuable-a87b1aa13237?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/a87b1aa13237</guid>
            <category><![CDATA[nft]]></category>
            <category><![CDATA[nft-marketplace]]></category>
            <category><![CDATA[nft-collectibles]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[investing]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Mon, 20 Dec 2021 17:20:38 GMT</pubDate>
            <atom:updated>2021-12-20T17:20:38.001Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Yzsh20_9D-NDYeMtm_OE8g.gif" /></figure><p>NFTs (Non-fungible tokens) are undoubtedly art. Some are good art, some are bad art, some are pop art, some are more traditional, some are conceptual, and some aren’t.</p><p>However, not only are they art, to many, they are a financial investment.</p><p>Anton Bogdanov one of the top NFT collectors on Paras.id (<a href="https://paras.id/antoniybogdanov.near/collectibles">https://paras.id/antoniybogdanov.near/collectibles</a> ) explains that unlike investing in crypto, which can at times be very unpredictable as the market fluctuates a lot, investing in NFTs is safer and seems to even be more profitable, as you don’t only earn from the growth of crypto, but also from the growth of the NFT itself. If you find a truly good NFT, provided you are patient, you can later sell it for double the price and sometimes even more.</p><p>But how do you know you have that “truly good“ NFT?</p><p>You’ve definitely seen news articles about NFTs selling for millions of dollars and, if you’re anything like us, wondered why this specific NFT is so special and so valuable?</p><p>Like any good and important question, this one has no definitive answer, but rather, several complex ideas that sort of give you an understanding of the situation.</p><p>It is important to underline that in this discussion “valuable” will point specifically to financial value.</p><p>There are many different kinds of values: emotional, personal, historical, social, and of course, they can all influence the price of an NFT and how much an individual is willing to spend. However, we will focus solely on financial value, and see which factors may influence it.</p><p>We’ve outlined 5 criteria that can increase the value of an NFT:</p><ul><li>author’s status</li><li>historical significance</li><li>collectability</li><li>amount of time/effort spent</li><li>adherence to NFT trends: digital (glitches, pixels, etc.), cyberpunk, avatars, and innovation</li></ul><p><strong>Author’s status</strong></p><p>There’s one thing we can say for sure: if Picasso was alive now, and he so much as sneezed on a piece of paper, that paper could be sold for unfathomable amounts of money. Because he is Picasso. This also works for renowned artists who are still alive. If you’ve earned a name for yourself, this name means something, specifically that any art you make will likely sell for a lot of money. This, of course, applies to NFTs as well, famous artists such as Damien Hirst are dipping their foot in this new space, and with their established reputation their works are very highly valued.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*LsypFG8c3sIeGBLt-eDqpA.png" /></figure><p>“The Currency” by Damien Hirst</p><p><a href="https://nftartwork.co.uk/nft-artwork/damien-hirst-the-currency/">Damien Hirst | The Currency | NFT Artwork</a></p><p>This gets more interesting when we take into account that NFTs don’t have to just be a painting, it can be pretty much anything, which means that anyone famous in any way can sell pretty much anything for a good price because chances are, their fans will be willing to spend that money.</p><p>Of course, this also works if you’re not a fan but just a trader, Anton tells us that if you see an NFT with a famous author for a good price it is always a good idea to purchase it, you can be sure to resell it with minimum 15–20% profit the next week. This is a tactic pursued by many, which itself increases the NFT’s price by a lot.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*qW0FMCuhp3KC7kPiHnHGng.png" /></figure><p>Lebron James “Dunk From the Top (Series 1)“ESL</p><p><a href="https://nbatopshot.com/listings/p2p/a494c64e-9e93-418c-8934-f331ee47a39b+768166e3-f4bb-4395-9b48-4c545aebc95c">Get a LeBron James Moment™ NFT for USD $105,264.00</a></p><p>Another point to note is the level of fame. You don’t need to be someone world-famous to sell your NFT, but you need some sort of following. When asked how newbie NFT artists start out, Anton explains that many dive into the new space with a pre-existing base of followers from other channels (social media and such). Simply put, if you have no established fan base it is somewhat unlikely (though not impossible) you are going to sell your NFT for a good price.</p><p><strong>Historical value</strong></p><p>Now, remember when you’d go to a museum and you’d see dull portraits of dukes, and duchesses, and you’d have no idea who they were. If you were young you’d maybe ask your mum something like «why is this interesting? What’s so special about this?» and your mum would say something like «this is very important because it is part of our history ». Can’t argue with that.</p><p>If an NFT manages to capture or is itself an important moment in politics or history, it is probably very valuable. Political themes are always valued by audiences because they are emotionally connected to them, these moments are what they care about, what is happening to them right now, a mirror to society. Perhaps this is why Beeple’s or Edward Snowden’s NFTs were sold for such large sums.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*bIkx5NRJkcxmZxScfFO7Xg.png" /></figure><p><a href="https://nftartwork.co.uk/nft-artwork/decayed-faith/">DECAYED FAITH — NFT Artwork</a></p><p>If we think about what is historical to us today though, it’s not just political scandals, wars, and riots. We have another type of history, pop culture history. Memes, vines, tweets, viral things, these are all part of our society and thus its history today. When you hear about gifs, or first tweets, or original memes being sold for millions, it makes sense, because this is what we today consider a truly historical moment.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/976/1*7X8AoQpzroX8BwXLMHjtRg.png" /></figure><p><strong>Collectibles</strong></p><p>Most people will have something they like, and it’s so human and natural to start wanting A LOT of something when you truly like it. For some it’s post stamps, for some, it’s cars, for some old vintage dolls, whatever. The point is humans love to collect and hoard things. And we all know how much a single super rare stamp or a coin can cost. This has no logic, this only has value added by us because we love these things and will pay anything for them. NFT creators are no strangers to human psychology and understand that collections of cute funny cats and monkeys are bound to have people wanting to buy them all, or get that “one really special, rare one” as an investment.</p><p>This way, an NFT you own can actually say a lot about you as a person. If you have a super rare and expensive NFT it becomes a sort of marker, a signifier of your social status and your belonging to a certain elite group of people. This kind of significance is likely to increase the price of an NFT collectible by a lot.</p><p>Another psychological factor that plays into the success of collectibles is adventurousness and chance.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*hvickxJPXDBmg4Q-IO8Zew.png" /></figure><p>According to Anton what’s becoming more and more popular are randomized NFTs. This means that, like in the example above, you are not actually aware of what you are buying, you know it will be a picture of a dragon, but you don’t know what he will look like what class he will be, or anything. The adventurous spirit inside all of us is instantly intrigued by the mysteriousness and the chance to win something truly amazing. Anton underlines that actually, things like this are almost always a win, because, you will get something that’s part of a collection, which, is in itself already pretty valuable, because once the whole collection is sold out, these items will be sought after and the price will automatically go up, but if it’s something rare it’s a double win.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*vqirn3ZqSslYWAmHT0bQjA.png" /></figure><p>NEAR Misfits collection by <strong>misfits.tenk.near</strong></p><p><strong>Amount of time/effort spent</strong></p><p>But of course, when you are not an art expert there is only one criterion about a work of art that you can try and judge. Did the artist try? Did he put effort and time into this? It’s important to remember that when we talk about effort and time it’s of course always taken into account globally, someone can spend a week on a painting but if they put no time into learning painting before, it’s not actually that much time spent. If someone studied visual art for 7 years, then worked as an apprentice and is pretty much painting every second of his life, AND THEN he spent a week on a painting, that’s a lot of time and effort! This mostly applies to less conceptual works (conceptual ones also require a lot of time, but sometimes it’s only thinking time, which sadly isn’t visible). If something looks like a person had to learn something to do it and he spent a good amount of time on it, you’re going to think it’s valuable. Beeple’s 5000 day NFT is the perfect example, you know it’s a valuable work of art because not only does every picture look like it’s done by a professional, but he did it every day for 5000 days. Here are less extreme examples:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*zZV6ne67QvwaJl-R2OkzZQ.png" /></figure><p><a href="https://superrare.com/artwork-v2/they-talked--talked-about,-30271">SuperRare | Authentic Digital Art Market</a></p><p>all sold for fair amounts because, even though the styles are very different, when you look at these works you really can’t doubt that they were made by professionals.</p><p><strong>Trends</strong></p><p>However, it’s not as simple as «if this NFT has some historical value then I can sell it for millions». Most people want their art to look good. But what is good? People have their subjective definitions, but we are also influenced by public opinions and trends. Our idea of what is considered good or fashionable changes over time, and is shaped by society, whether we like it or not.</p><p>Like any market, the NFT space has its trends.</p><p>Anton also says that for newcomer NFT buyers and traders it’s a good idea to explore the platform and monitor these trends, this will help you understand what’s popular and what sells best.</p><p>What we see across the most popular platforms such as Super Rare, Paras, Nifty Gateway, and Foundation all looks very different, there are all kinds of crazy, amazing works. But we also see some patterns.</p><p>There’s a definite trend for <em>digital art. </em>Of course, all NFTs are digital, but we’re talking about digital as a style.<em> </em>This means anything that you associate with computer art: glitches, pixels, video games, old-school graphics. Here is the perfect example:</p><p><a href="https://superrare.com/artwork-v2/window-shopping-14990">SuperRare | Authentic Digital Art Market</a></p><p>Anton confirms this and says that indeed pixel art was and still is very popular, but adds that the hype is slowly fading and giving way to newer trends like cyberpunk.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*gE1V4orlg0bhFyNv7lTERw.png" /></figure><p><a href="https://superrare.com/artwork-v2/anon-30013">SuperRare | Authentic Digital Art Market</a></p><p>Whatever you imagine the future looks like there’s probably already an NFT that has portrayed that flawlessly. Of course, artistic styles are hard to categorize, what we classify as cyberpunk others may call futuristic, some may say it’s fantasy-like or video game inspired which is all true. This makes sense, as some of the first NFT creators are digital artists, who are inspired by things like video games. These images usually contain some sort of dystopian or utopian element, some strange creatures, and very smooth video-game-like graphics. You can think of it as an alternative visualization of Blade runner or the Matrix.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/800/1*Oia1lbcjWlv7LsVuuDk9PQ.gif" /></figure><p><a href="https://paras.id/token/x.paras.near::61817/61817:1">Paras City #1 — Paras</a></p><p>Right now, the top trend according to Anton is avatars. While our point about time and effort spent applies to the cyberpunk trend, it has absolutely no relevance when we talk about avatars. There seems to be no correlation between the price of an avatar and its quality/complexity. In fact, it seems that oftentimes, the simpler the avatar, the better. These are NFTs people often purchase to use themselves rather than to resell. This is where something called personal value plays a role, it’s hard to judge what makes a good avatar because it’s so subjective. A person would be willing to pay a lot more if he feels the avatar really represents them, they form an emotional attachment.</p><blockquote><em>“Well, obviously, the day before I said ‘I’m not selling it for any price,’ so if I sell it for that price, I’d be going against my integrity,” Richerd told me over a Zoom call. “On top of that, I’ve used this CryptoPunk as my profile pic, as my brand. Everyone knows that’s me.”</em></blockquote><p>This is what a Canadian software developer who bought a CryptoPunk #6046 for $86,000 said, when he was offered a higher price for it later. (<a href="https://www.cnet.com/news/nfts-explained-why-people-are-spending-millions-of-dollars-on-jpegs/">NFTs explained: Why people are spending millions of dollars on JPEGs</a> ).</p><p>The avatar trend goes hand in hand with the idea of collections, NFT creators usually make big collections of avatars rather than just one or two. There are also sellers who offer to create your own personalized avatar! This is something really special (and more expensive) as it is unique and made just for you.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*0Pusz-0aHEefBbhThfAksw.png" /></figure><p>NFTs futurism isn’t only represented through visual style, it is also visible in the execution of many artworks. Creators want to show that NFTs are the equivalent of progress, this is why most works scream INNOVATION.</p><p>There are augmented reality works:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/600/1*n9jfpCDskv32ScfuHQxqYQ.gif" /></figure><p><a href="https://superrare.com/artwork-v2/russian-automobile-industry-28374">SuperRare | Authentic Digital Art Market</a></p><p>And then there are works that change in real-time according to some outside factors. Like this example which underlines the effects of climate change: <a href="https://superrare.com/artwork-v2/longyearbyen-warming-%E2%80%93-cop26-30600">SuperRare | Authentic Digital Art Market</a> the higher the current temperate is in contrast to the historical averages in Longyearbyen, Norway, the more gold appears in the artwork.</p><p>Another great example of a truly innovative, interactive NFT is “Mars Miners”</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*dM5P9oqRMsfev-M2fsJ2UA.png" /></figure><p><a href="https://www.instagram.com/p/CRbwWgkjyLY/">A post shared by 404.zero (@404.zero)</a> this NFT was created at the moment of its release, and changed its appearance every time someone made a bid. Thereby making the audience active participants in the creation process.</p><p>The NFT space is new and fresh. The pace at which it’s moving and evolving, however, is not like any other art market. According to Anton, the next step is metaverses, where all the NFTs one owns can be presented and sold in meta galleries, this will enhance the whole process as well as facilitate it. The criteria above are good markers of a successful NFT, bear in mind however that they don’t necessarily guarantee success. Sometimes you need the symbiosis of 3 or more of these criteria to sell an NFT, and sometimes making something unique, that doesn’t fit into any trend is the way to go. It’s worth underlining that the success of your NFT also depends on the platform. It’s good to first look and analyze different platforms, to see what sells and what does not. Some artworks are considered very valuable in one space and are completely disregarded in another.</p><p>What’s truly amazing about NFTs though is that they managed to do what so many contemporary artists wished to, but never really, fully, succeeded in doing. NFTs open up and democratize the art world to the masses, to normal people like us. Now you don’t have to be an art expert or critic to decide what price is most fitting for a work of art, the market decides that. Intermediaries still exist, but their influence is minimal, and on some platforms, non-existent. This means that what is considered “good” and valuable is now often decided by people with little to no artistic background (it’s silly pretending the NFT space isn’t full of people who are just there to make money and have no deep interest in art itself). Whether this is good or bad, we don’t know, but it’s certainly very interesting. We’re just waiting to see what happens next.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*OXqccXc4bAFWbEQLfBmQQQ.gif" /></figure><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=a87b1aa13237" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[How to help endangered animals and earn on crypto investments.]]></title>
            <link>https://medium.com/@dapplets/how-to-help-endangered-animals-and-earn-on-crypto-investments-9f789c635edd?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/9f789c635edd</guid>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Tue, 05 Oct 2021 13:13:29 GMT</pubDate>
            <atom:updated>2021-10-05T13:13:29.685Z</atom:updated>
            <content:encoded><![CDATA[<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*zFmuZIXJU_AuJ2pV4wPdOA.png" /></figure><p><strong>Public good and the free-rider problem.</strong></p><blockquote>There are tasks in this world, which in order to be solved, require the efforts of many people. Whilst the benefits of these solutions can’t simply be measured by money.</blockquote><p>Global problems such as decreasing CO2 emissions and reducing plastic waste require team effort, the team being mankind. There are also smaller, more local problems, which don’t require as many people to reach a solution. Nevertheless, if the end result is something that makes everyone’s life better, a benefit that can be reaped and used by anyone, then you can safely categorize the task’s solution as a public good.</p><p>However, even though the solution to this problem will make the lives of multiple people better, public good work is much like volunteer work, in the sense that you very rarely partake for financial benefits, and are usually doing it out of the goodness of your heart. It is usually the case that the people who help public good projects are later very generously rewarded, but this only happens after all of their work has been done. Which means that very few people can rely on any reward at the beginning of their public good involvement.</p><p>Working on global issues is very important and highly esteemed socially, but it’s good to remember that people still need to afford their rent, groceries, medical insurance and their kids’ education. For public good projects like these financing is very important, and crucial for their survival. In today’s economic model there are several ways of collecting funds for such projects — government financing, which is usually restricted by the budget, grants from large organisations, which are controlled by the board of directors, or donations from individuals who are personally empathetic to the cause, but even their means have an end. Businesses don’t usually expect any returns from global issues projects, and consider it much like charity, thus minimising these expenses.</p><p>Global issues projects are also cursed with the free-rider problem, when the people who benefit from the end result are the ones unwilling to help financially in the process. If 10 largest countries on earth get together and solve the climate change issue, then the other 180 countries will be delighted, but won’t necessarily play their part financially. In smaller issues you have the same free rider problem — most people who benefit from the end results, are unwilling to pitch in, but still want to receive the good for free, as it is public.</p><blockquote>The majority of the people interested in the problem’s solution are usually patiently waiting for a small group of enthusiasts to find the answer for free.</blockquote><h3>Public good and the bonding curve.</h3><p>But what if global issues financing was rewarded? Not with applause at a help endangered animals banquet filled with famous philanthropists, and not with awards and thank you notes, but financially? Just imagine that you are investing, not in an unpredictable business, but in a public good cause, or in the solution of a global issue. Yet the income you receive from your investment is as usual — just in the form of “help endangered animals” shares.</p><p>In the contemporary economic model this seems impossible, but blockchain and programmed money have made this possible with one interesting model.</p><p>Let’s imagine that the team working on the public good issue has their own project shares. In the crypto community the role of these shares is played by the project token. The price of these shares (tokens) is tied to a formula and is automatically calculated, depending on the amount of tokens that are released in total. The more tokens are released, the more expensive every next token is for the buyer.</p><p>We can conclude that the relationship between the price of the token and the total amount of tokens released can be depicted as a curve. This curve has a name — a Bonding Curve.</p><p>It usually looks like this:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*zQYjSnBAKfuKvhzF" /></figure><p>In this example, the x axis represents the total amount of tokens released, and the y axis represents the current price of the token. The relationship between the amount and the price can be shown as a formula, and in this specific graph is depicted as the “BC” curve.</p><p>Technically, the bonding curve is a form of a smart-contract, i.e. a blockchain program that buys and sells project tokens, based on the price formula that’s been introduced.</p><h3>The non-stop financing model.</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*XPgZMsQ9IB6UJ_ih" /></figure><p>Let’s imagine that you want to help a project, which is dealing with the conservation of rare animals. You break your piggy bank and give this project all of your savings. In normal life this gesture would be an act of kindness, a charity donation, which would give you nothing but endless praises and thank yous.</p><p>Now imagine that the project you chose to help has its own token, which is linked to a bonding curve formula. For your generous donation you get a proportionate amount of tokens, which also give you the right to participate in running the project. You literally become a shareholder who owns a share of the enterprise, and can make decisions in the project with his votes, expressed in tokens.</p><p>If the right decisions are being made, and the project is functioning well (in our case saving the animals). It attracts new participants wanting to join. They invest in the project and also get tokens, the amount of which is also calculated based on the current position of the bonding curve. More investments — more animals saved — more publicity for the project — more investments, and so on.</p><p>The public contract of the bonding curve facilitates the search for new project investors. When money is collected through promises, it’s quite difficult to convince the investor in the future success of the project, unless he is personally acquainted with the team members. In the case of the bonding curve however, the belief in the project supports itself. The amount of participants in the project can easily be checked, if many people have already seen it and believed in it means the project can be trusted.</p><p>The public notion is that a part of the donations these projects receive is spent on things other than the well being of the animals. The project needs to rent an office, hire accountants and lawyers and do typical corporate things. Let’s not forget, the project also needs to thank its beneficiaries. Usually this is done in the form of a banquet, an event or some other type of celebration, usually quite expensive. The bigger the donation — the more elaborate the event. But why would a donor who truly cares about the animals want their money to be spent on performers and canapes? If we want to thank an individual for their donation, and we admit we can utilize some part of the budget for this, why not just let them sell their tokens, fully or partly. In this case we can expect him to use the profits to invest in many more good projects, as they have already established their good reputation.</p><p>The first investors receive project tokens for a P1 price (on the graph above). In the future, when new participants join the project. Their donations increase the price of the token to P2. Donors which join the project earlier receive a proportionate wallet growth. First participants, for the same amount of donations, receive more votes to use for guiding the project, which in the case of a project’s success, is right.</p><blockquote>The earlier you join the project, the more valuable your donation is to the project, the higher the price of your tokens. This is fair!</blockquote><p>When the first participants see that the project is doing well, and is attracting new members, they can decide to leave the project. In the simplest case, they can sell the tokens back into the bonding curve contract. During this procedure the tokens are destroyed, and the beneficiaries receive a proportionate amount of money in accordance to the price of the token at that specific time.</p><p>Let’s remember that the point of the project is to reach a specific goal — to find a solution to the global issue. This is why a bonding curve contract can have a commission — a part of the donations made by the beneficiaries is automatically sent to the project budget and is used solely to reach the main goal. The leftover part of the donations is left in the bonding curve deposit and is used to establish the liquidity of the token. Some commission can also be collected when the participants leave the project.</p><p>In the end, regardless of one person’s or a group’s motivation, we are able to collect enough donations to reach our public good goal, by using economic and social mechanisms at the same time. The people who believe in the project and help it from the very beginning benefit from a higher capitalization of their investment in comparison to the second, third and fourth wave participants. To succeed, we combine a good cause with people’s desire to make money. Regardless of whether new participants join, or old ones leave, the project budget remains financed. This model is called the non-stop financing model.</p><blockquote>Crypto-economics — is not only maths and smart-contracts, but also a marketing idea. You can build a public good concept as well as a ponzi scheme around the same bonding curves.</blockquote><p>Parallel to this, blockchain helps resolve one big major issue that all collective financial instruments have — the trust problem. As all of the bonding curve functionality is open, automated and launched as an unstoppable mechanism, based on crypto-protocols, it really makes no difference if you trust the people involved in the project or not. You can be sure that you are going to receive your investments on the exact conditions that were presented to you from the beginning.</p><blockquote>You could say that combining the mathematical algorithm from the crypto world and a real task from the normal, non-digital life. gives us a perfect example of a successful collaboration.</blockquote><h3>Public good and Augmented Web</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*sphZ_N_CJlv47HfE" /></figure><p>This is exactly what the Dapplets Project is doing. We take tried and tested mechanisms from the crypto world and apply them to traditional internet websites. Our main goal is to give users the tools to form their own image of the world, independent from any third party influence.</p><p>What are we doing? We make it possible to create and launch small programs (applets) on any website. These applets are made with crypto technologies and are unstoppable and decentralized (decentralized applets = dapplets). Launched once, they will work forever.</p><p>Why are we doing this? As usual — to make the world (allright, the internet) a little bit better. Nowadays website owners control all of the user’s attention and show him only what they deem necessary. The user is left with the information provided one on one and unable to to understand what he can and cannot trust. However, with a connected dapplet, the user can receive the much needed information as a form of collective knowledge, at the exact moment and at the exact time when it is needed.</p><p>The second reason for our work is our desire to give a freedom not only of speech but, a freedom of hearing what the user wants to hear. In the modern world of collective media, it is usually not only one specific person’s freedom of speech that’s being denied. Even more frequently we are denied our “freedom of hearing” when the user cannot receive the information he is interested in. If only one person is denied their voice, this only harms him (we’re not saying this is good). But when this person is unavailable for thousands (or millions) of their followers, then the number of people whose right to hear is being denied becomes too big.</p><p>Our dapplets allow the user to form his own news feed from the news sources the user himself finds worthy. The user is able to do this at the exact time and place when and where is convenient for him. If the user feels he wants Youtube videos in his Twitter feed, it is possible to make a dapplet which is able to provide this. If the user wants his posts to never be deleted by the platform’s moderators, it is possible to create a dapplet that would automatically save all of his posts to a decentralized storage, and later — display them to all of the user’s followers. Regardless of the platform’s administrators.</p><p>There are countless ways to implement our technology. We call it augmented web, because we form an additional layer of information on top of the regular, traditional internet. Our technology works like VR glasses, which show the person who wears them an altered image on top of a real one. Right now we are at the beginning of our path, but we can already see that this is the new “blue ocean” for the internet.</p><p>The Dapplets project platform is created as a permissionless open source project, which is available at any time to its users all over the world. Anyone interested can join the project and become an active participant — a user, or even an app developer on our platform. The project’s strength is in its community. The more people join the platform, the more dapplets are made, the more different applications of this technology can be thought of.</p><p>This is why, if the project is to use tokens, this will be done in accordance with the bonding curve model, which would allow the community to combine public good work with the opportunity to increase the projects, and their own capital, whilst helping finance important future developments.</p><p><strong>Dapplets Project</strong> | <a href="https://dapplets.org/">https://dapplets.org</a> | contact@dapplets.org</p><p>October 2021</p><p>Become a contributor in our developers community: <a href="https://github.com/dapplets">https://github.com/dapplets</a></p><p>Feel free to visit &amp; subscribe to our media:</p><p><a href="https://t.me/dapplets_project">https://t.me/dapplets_project</a></p><p><a href="https://twitter.com/dappletsproject">https://twitter.com/dappletsproject</a></p><p><a href="https://www.instagram.com/dapplets.official/">https://www.instagram.com/dapplets.official/</a></p><p><a href="https://discord.gg/YcxbkcyjMV">Dapplets Discord</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=9f789c635edd" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[Why Do We Need an Augmented Web? (part 3)]]></title>
            <link>https://medium.com/@dapplets/why-do-we-need-an-augmented-web-part-3-58d25de2d965?source=rss-52ce42215eb8------2</link>
            <guid isPermaLink="false">https://medium.com/p/58d25de2d965</guid>
            <category><![CDATA[augmented]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[decentralization]]></category>
            <category><![CDATA[web3]]></category>
            <category><![CDATA[dapplets]]></category>
            <dc:creator><![CDATA[Dapplets Project]]></dc:creator>
            <pubDate>Thu, 30 Sep 2021 12:39:29 GMT</pubDate>
            <atom:updated>2021-10-11T13:26:39.662Z</atom:updated>
            <content:encoded><![CDATA[<p>Beginning: <a href="https://blog.dapplets.org/why-do-we-need-an-augmented-web-part-1-9d95d00bebc8">Part 1</a> and <a href="https://blog.dapplets.org/why-do-we-need-an-augmented-web-part-2-85a110620b13">Part 2</a></p><h3>Levels of UX Augmenting</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*ql16WV_n3zNmZM9T.png" /></figure><p>What is the Dapplets Project made of?</p><p>Our platform consists of three levels of applications.</p><p>The first level is the core of the platform, a browser plugin responsible for the basic functionality, loading and operation of subsequent modules.</p><p>The second level is the adapter for the site or content type. This is a fairly large module responsible for working with a particular site.</p><p>The adapter defines the set of available augmentations and inserts them into the website at predefined places at the dapplet’s request.</p><blockquote><em>Adapter is like the video card driver for the hardware on your computer.</em></blockquote><p>The third level is the dapplet level.</p><p>A dapplet is a small application that performs one business task.</p><p>Since all the complex and low-level work is done in the adapter, we can keep the dapplet code as simple as possible. A dapplet usually contains no more than 100 lines of code. This makes its audit much easier and ensures its safety for the user.</p><blockquote><em>When working with the site, the adapter determines the ways and types of possible augmentations, while dapplet determines the augmentation type and functionality.</em></blockquote><h3>Fractal Augmentations</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*LmU6UAxem-r6QlnR.png" /></figure><p>The idea of a fractal lies in recursive self-similarity. Zoom-in gives a picture that is different in detail but follows the same principles.</p><p>The idea of Fractal Augmentation follows a similar principle. Augmentation becomes a target for further augmentations of higher order.</p><p>For example, one augmentation adds an entire block of content, a tweet, or a post to a page (1).</p><p>A second augmentation might add to that block a button that performs some kind of action (2).</p><p>The third augmentation can add some kind of indicator or label to the button, which shows that the status of a task has changed or that there are new notifications (3).</p><blockquote><em>One dapplet can add to the currency ticker a button, responsible for buying or selling on one of the exchanges. And the other is to display on this button the corresponding exchange rate of that currency or data about its dynamics.</em></blockquote><p>And so on…</p><p>It turns out to be a kind of fractal. That’s why we call such a structure fractal.</p><h3>What can we augment?</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*cxL5PEsO8p7jYeIv.png" /></figure><p>What are the types of augmentations and what can we do?</p><p>We divide each site into different elements and can work with each of the elements separately.</p><p>What elements does a site consist of?</p><ul><li>The entire site, individual page, content block, menu, text, link, button, and multimedia.</li><li>Different types of text (headings, links, numbers, and addresses).</li><li>Different types of media — for example, profile pictures, videos or images..</li></ul><p>To all this, we can add statuses, ratings, badges, graphics, comments, and so on. We can add buttons and controls with new functionality.</p><p>We also know how to link social network sites and crypto accounts with each other and manage them together.</p><blockquote><em>We would like to say that augmentation possibilities depend only on developers’ imagination and availability of data to be displayed. We provide all the infrastructure to implement these fantasies.</em></blockquote><h3>Dapplet Infrastructure</h3><p>It is important for a Dapplet to be a small-size application because of necessary security audit. It implies a powerful infrastructure providing basic functionality.</p><p>Dapplets Platform already implemented some parts of it and others are planned:</p><ul><li>Wallet Connection allows Dapplet to access multiple Crypto Wallets.</li><li>Linked Account Subsystem allows to track accounts and resources belonging to the same user.</li><li>Structured DataSource allows linking backend to the augmenting elements.</li><li>Tagging Subsystem allows easy to create open categories for augmented content (TBD)</li></ul><h3>Role Model &amp; Economics</h3><p>Our community is built on the principles of self-organization and assumes several roles within it.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*mj9p2DG0sgkwr9ad.png" /></figure><p>Each of the roles is economically motivated to participate.</p><p>We see the following roles within the platform: users, owners, developers, listers, and auditors.</p><p>Users install and use dapplets since these dapplets solve their own problems and provide the functionality they need.</p><p>Developers write and publish apps because they help drive their business processes or can be monetized through user acquisition.</p><p>Auditors review the app’s code and are responsible for making sure it’s safe for the end user. They can be rewarded by both developers and end users.</p><p>Listers are a special role unknown in the classical web.</p><p>Because our apps are published in decentralized repositories, they are all available to any user: unfiltered and uncensored. But how will the user know which apps are useful for him and which are not?</p><p>Therefore, you get a lister of your choice, whose job is to select the most interesting apps and make a list of them. Popular listers can be rewarded by developers for listing their apps.</p><blockquote><em>The internal token and other cryptocurrencies can be used to make mutual financial settlements within the system. The economy of the system is self-regulating and is built on popular crypto economic patterns, like TCRs, Bonding Curve, etc.</em></blockquote><h3>Summary</h3><p>We would like to summarize all that above:</p><p>Decentralization of user UX is one of the key steps in the transition to the next-generation Internet — Web3.</p><p>Augmented Web gives the user a concentration of knowledge and experience of the entire community right in the place and at the moment of taking decision.</p><p>Our platform is built as an unstoppable, permissionless and decentralized system based on a flexible economic model.</p><p>Our platform can give the economy and users new business models that are currently unattainable.</p><p><strong>Dapplets Project</strong> | <a href="https://dapplets.org/">https://dapplets.org</a> | <a href="mailto:contact@dapplets.org">contact@dapplets.org</a></p><p>Sep’2021</p><p>Become a contributor in our developers community: <a href="https://github.com/dapplets">https://github.com/dapplets</a></p><p>Feel free to visit &amp; subscribe to our media:</p><p><a href="https://t.me/dapplets_project">https://t.me/dapplets_project</a></p><p><a href="https://twitter.com/dappletsproject">https://twitter.com/dappletsproject</a></p><p><a href="https://www.instagram.com/dapplets.official/">https://www.instagram.com/dapplets.official/</a></p><p><a href="https://discord.gg/YcxbkcyjMV">Dapplets Discord</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=58d25de2d965" width="1" height="1" alt="">]]></content:encoded>
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