Web3

Buzzword: A trustless, permissionless, and decentralized internet that leverages blockchain technology. Highly scaling. Scaling trust.

Web3’s defining feature is ownership. Whereas the first iteration of the commercial internet (Web1) was read-only for most users, and Web2 allowed users to both read & write on centralized platforms (Twitter, Facebook, YouTube, etc), Web3 gives users full ownership over their content, data, and assets via blockchains. It empowers users to read-write-own.

Where a third party like Facebook owns your identity and data in Web2, your identity in Web3 can move fluidly between platforms without your data being captured and monetized by service providers. While Web2 apps are centrally controlled, tokens in Web3 grant users the right to help govern the services they use, representing a form of ownership in the platforms themselves.

open reference

Web3 apps that relate to the OVN model and to NRP-CAS

Karma.GAP

Provides Visibility and accountability for projects / ventures. Designed for DAOs and web3 funding mechanisms that are proposal based.

Problem Grant programs in the crypto ecosystem lack a standardized method for grantees to publish progress updates and milestones, leading to several issues:

• Limited Accessibility: easily access and track project progress and milestones, as information is scattered across forums and external links.
• Reputation Portability: grantees who apply for grants from multiple organizations struggle to establish and carry their reputation consistently across the ecosystem.
• Inadequate Data Structure: absence of structured data that can be accessed in a permissionless manner hampers the development of applications and analytical tools for evaluating grant impact and builder reputation.

Solution GAP (Grantee Accountability Protocol) where grant teams can post information about the grant and grantees can post milestones and progress updates onchain.

• Onchain Reporting: self-report progress and milestones directly on the blockchain through EAS (Ethereum Attestation Service). Leveraging the existing support for EAS schemas, tailored to various reporting needs.
• Universal data access: data onchain, interface to interact with the protocol, present information in interesting ways.
• Enhanced Reputation Building: linking of team member profiles to specific projects, empowers team members to build and showcase their reputation for their contributions, reputation can be carried over to other DAOs, opening opportunities for involvement in various areas of DAO governance or similar initiatives.
• Grant Farming: better visibility helpS community and grant admins evaluate teams before issuing grants.

Few applications that can be built on top of this protocol are:

• Grantee reputation systems
• Project impact analysis tools
• Signaling for future grants
• Auto monitor milestones and progress updates and alert the community
• Endorsing teams and team members working on projects

Critique: Relies more on planning than on stigmergy, since this is designed with a proposal-based funding process in mind, for which there is a budget / allocation and milestones already in the plan. Less room for stigmergy.

Link to NRP-CAS: This has NRP-CAS functionality such as contribution logging, contribution valuation, reputation or credentials.

Coordinape

Coordinape is reimagining collaboration and helping teams build connections, ownership, and reputation in the digital economy.

• Reward what matters: Empower contributors to amplify the people and projects that are making an impact in your organization.
• Foster Ownership and Belonging: Reinforce a culture of appreciation and accountability with GIVE. Promote stronger relationships built on mutual respect and feedback.
• Attract and Engage Contributors: Newcomers and part-timers demonstrate skills and build trust. Full-timers stay motivated and engaged through fine-tuned rewards.
• Build Reputation: Take your GIVE on a chain to build a reputation inside your organization and beyond.

Process: Create and Fund a Circle -> GIVE -> Provide Feedback -> Pay Members -> See the Flow

• Create and fund a Circle of contributors with a set budget and timeframe.
• GIVE to your team members for their contributions.
• Easily give feedback and comment on contributions of your team mates.
• Distribute Gift Circle and Fixed Payments through Vaults or export them as CSV.
• See how rewards flow across your team.

Critique: currency-centric. Relies on planning, not stigmergy. Us vs them language, as in those who create a circle and their members. Doesn't speak about how contributions are evaluated and a mechanism for benefit redistribution.

Link to NRP-CAS: GIVE can be seen as a token of appreciation, can be seen as the OVN's currency, and can be distributed through a benefit redistribution algorithm. There is also the function of feedback system.

Hypercents

- crowdsourced, verrifiable and immutable impact assessment

Scalable and sustainable financing models for public goods that reward contributors for the positive impact they create. Hypercerts are a new token standard for tracking and rewarding positive impact. Each hypercert represents a unique impact claim capturing the following information:

• scope of work and its corresponding scope of impact
• set of time frames for both the work and its impact
• set of contributors – the organization or people behind the work
• set of rights you get by owning a hypercert

The hypercert itself is an ERC-1155 semi-fungible token with the information above stored as metadata on IPFS. A single hypercert is a semi-fungible token that accounts for work that is supposed to be impactful and whose ownership is fractionizable and transferable (under specific conditions). Hypercerts do not impose any specific funding mechanisms but provide baseline invariant guarantees such that claims will not be forgotten as different mechanisms come into and out of fashion. This is also why hypercerts are especially useful for any retrospective funding mechanisms – funding can be applied to claims of the past.

TogetherCrew

TogetherCrew offers feedback mechanisms (related to feedback system), i.e. analytics that combine data from multiple sources and help actors make sense of the bigger picture. Partner with multiple DAO tooling projects to bridge silos and empower Web3 communities with the best insights. Feeds from data left behind by participants through their activities within digital environments.

Covers from individuals, cliques, community and ecosystem, with the ability to bridge different networks.

Based on the following paper by RnDAO: What is a Web3 Community and when is it healthy: a working paper by RnDAO

Critique: RnDAO leans towards extractive economic systems and organizations.

More...

digest / curate more from CER

Web3 primitives

See Web3 primitives page.