Weekly Review
Accurate vantage is a fleeting mirage in a decentralized system. It can be one of the most difficult aspects of wading into web3, similar to facing an unknown territory for the first time. The difference in such a space, however, is that the core impetus itself, is to diffuse organization, to split/halve/fractalize, to distribute function widely, to circulate energy, to actually frustrate the attempt to organize, corral, reduce, concentrate, “get a handle on” etc. One may master an unknown territory through exploration, study, even conquest, but a system built upon the principle of decentralization is purposely designed to prevent such endeavors, especially when the aim is control or extortion. The sense of not being able to see the whole from any one angle, however, can create FOMO (Fear Of Missing Out), the feeling of being overwhelmed by an immensity of seemingly chaotic human interactivity. The lack of an accurate map or one overarching point of view is disconsoling for many.
But decentralization and lack of a commanding vantage can also be liberating. No one is in charge. There is freedom to self-actuate in multiple directions. Working along most any path, especially trailblazing new ones, can be fruitful and full of rewarding new discoveries. Perhaps the best tools we can utilize for navigation are curiosity and a capacity to track a world in constant flux, without needing to possess it. Efforts to map this territory can be extremely useful, especially for those just learning and wanting to join, but they almost always have to be undertaken in a spirit of generosity, by talented individuals content just to be members of the new Community, desirous of shedding light into sectors not well understood by a majority of people, rather than exploitative profit-seekers looking to take advantage of others.
Cryptocurrency represents a massive shift in our economic capacities through the digital tokenization of real world assets across a distributed ledger, the blockchain, cutting out, for the first time in human history, the need for a mediating third party. The existence of the blockchain is the core reality inspiring the decentralized movement. It was developed for a simple reason, to annihilate central banking and control worldwide, to put power back into the hands of the actual owners wanting to do business with one another. This is a total revolution reorienting our ability to trade internationally beyond the confines of borders and nation states, allowing YOU to retain control of your assets and wealth and to trade freely with whomever you please, whenever, you please, maintaining privacy and the integrity of personal choice.
Web3 is the new rising incarnation of the internet, driven by peer-to-peer blockchain technology. It is part of a socioeconomic movement towards across-the-board decentralization, away from traditional hierarchical governments and corporations and in the direction of Community and local sovereignty, ownership and control of resources.
At CommDAO, we are working to integrate with multiple partnering ecosystems, which themselves are sprawling, decentralized behemoths. Each week we can develop more relationships and work to integrate our efforts in these new directions. Currently, I can identify 3 primary categories for research and development in our organization: DAOs, Ravencoin, and Alterverse. By focusing in these 3 directions, we can design an organization that will survive into the future.
In undertaking to map out the Ravencoin ecosystem, we fortunately have access to a vibrant community of intelligent and friendly developers who have already created many protocols and tools for those wishing to understand how to implement Ravencoin…
One task for Commlink is to create a more comprehensive directory for networking within the Ravencoin community. Even in decentralized systems, communities are centers for gathering and networking with like minds. The ecosystem of protocols emerging from the Ravencoin blockchain, mapped out by the Humble Miner is an excellent starting point. The Ravencoin Wiki also contains an overall index. Each week we will try to focus on a different category. Let’s start with NFT exchanges…
Currently, there are 8 NFT exchange systems in place online that are minting NFTs on the Ravencoin blockchain. Some of them are intentionally blunt and without description. You are expected to DYOR. However, several have descriptions and have laid out steps for listing/buying/selling nfts within their exchange. These can be useful for newcomers…(The article continues in the section called Ravencoin at the end of this newsletter.)
Stats
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Discord Members: 415
Alina’s Alignment
Web 2.5 and Web3: What's the difference?
Blockchains are blurring the line between centralized and decentralized applications. This creates confusion for users of the next generation of blockchain products and the stark contrast between those who use Web2 products and those who use Web3 ones. So, what exactly is the difference between all these terms?
Web 2.0: Information-Centric, Interactive, and Collaborative
Web 2.0 was the term first coined to describe the shift in web technology from static web pages to sites with which users could interact in new ways. Web 2.0, released in 2004, was the second stage of development for the internet.
Web 2.0 conceptually encapsulated the ongoing transition from static HTML documents to a more dynamic web. It ushered in user-generated content on social media, blogs, and wikis, aiming to facilitate collaboration and sharing among users.
Web 3.0: User-Centric, Decentralized, Private, and Secure
Web 3.0 or Web3, released in 2015, is considered the next step in web development and is sometimes referred to as the Semantic Web or the Knowledge Graph. The promise of Web3 is greater efficiency and functionality while always keeping the end-user at its center by allowing personal choice and privacy.
Web3 is an upcoming decentralized internet. Decentralized and transparent platforms have been made possible with the rise of new technologies, such as blockchain.
Blockchain has allowed for more influence on the data held about us, preventing companies from having total control over our data. With blockchain, users are able to give explicit consent over how their data can be used, allowing individuals to sell their data or choose not to share it at all.
Why Web 2.5?
In the last two years, we have seen a surge in the number of blockchain applications and platforms. However, the legal ambiguity, user experience, and an attempt at true decentralization have hindered mass adoption.
On a positive note, many companies have been able to combine the best of Web3 - such as novel technologies, digital IP, composability, and strong communities - with the proven Web2 models of development, growth, and promotion.
Some are starting to refer to the combination of two technologies as Web 2.5. The term was coined by several leading companies that were looking for ways to bring the best of both worlds together.
Web 2.5 is a set of solutions that allows companies to navigate the Web2 infrastructure using their Web3 assets. Examples of Web 2.5 are centralized exchanges and front-end NFT marketplaces.
Some of the popular blockchain companies (ex., Coinbase, Gemini) have adopted a Web 2.5 approach. They rely on elements of Web2 centralization to accelerate growth, ensure compliance, and enable user experience, which is not technically native to Web3 in its purest form.
If you are trying to understand the difference between Web 2.5 and Web 3 in a simple manner, then you can say that the former is just a transitional phase, and the latter is a new technological advancement.
Danoskie’s Developments
What is a DAO?
A decentralized autonomous organization (DAO) is an organization that is based on transparent known rules and written in code(s) defined by a smart contract. As a decentralized organization, it is governed by its members and independent of any central authority.
For a DAO to be decentralized, it must not have any affiliation with any specific nation-state or central bank and it must not be programmed to favor any specific member over the other, like the traditional bureaucracy, having members placed in form of a hierarchy or preferences.
A DAO can stand the test of time if only its pillars are built on smart contracts that clearly specify the organization’s rules and hold the group’s treasury. In getting it done, the community members make contributions consistently to make or improve the protocol which includes the technical aspect, funding, marketing, and voting on methods of operation under review or consideration.
To fasten a DAO, the members are expected to mint a governance token (native token) that can be used to exercise their influence in voting for proposals, idea adoption, property acquisition, and own equity in the DAO which should aid in shaping the future of the DAO. This implies that greater influence will require a greater quantity of tokens.
The blockchain powers DAO by simply providing a secure, trusted, and distributed ledger to strictly monitor and track digital transactions.
The Purpose of Decentralizing Autonomous Organization
A DAO has voting rights simply by purchasing or earning its community tokens allowing its intended investors to automatically and anonymously send, receive and store value or assets globally.
The strength of DAO
A DAO is believed to end the frustrating damping effects of hierarchical management of organizations thereby, allowing the organization to have different angles of contributions and applications of ideas adopted by the members. Aside from that, a DAO can be helpful to incentivize and reward independent freelancers with the community’s funds for the contracted jobs based on the members’ votes and adoption of the said job or proposed plan. Another great pro of a DAO is its ability to securely raise funds for charities and/or fund private businesses for returns or profits which return to the community’s treasury.
For this purpose, many DAOs have been established and run on different blockchains which work perfectly on Web3, rewarding members of the organization based on their efforts in the development and improvements of its arms through the use of the project’s set aims and objectives.
DAO in Tokenization of Real Estate Business
There is no argument that a house is a long-term asset, but its utilization speaks louder than how long it stands in the biosphere.
Real estate is truly a good asset, but bringing it up to Web3 is just the best marketplace for it. To have such a feature just right at your fingertips (Web3) gives you access to its utilization at all times, meaning that you neither need a physical key to your apartment nor a suitable location to house your assets.
Let us make a simple comparison. A physical real estate business is controlled by land registries and the government which confines your abilities in owing more assets, placing a limitation or restriction on who may own real estate and to what degree it will be funded. Web3 DAO real estate business gives every man access to owing a portion or part of a very large and known real estate business. Which would you prefer?
This is where The Community DAO steps in. It will bridge the gap between the physical asset owners and investors operating in Web3.
Web3 tokenization greatly offers two known fundamentals advancements over the landscape of already digital dematerialized assets built with historic tech stacks. These two known fundamentals are:
The known capacity to bake full lifecycle automation onto the tokenized asset itself, including the rights and obligations of each of the ecosystem of participants across the market throughout the life of the asset.
The second is the opportunity to wire traceability and provenance into the asset.
The Community DAO
Community DAO is a Decentralized Autonomous Organization committed to connecting Web3 to the real world and developing a variety of marketable protocols now possible through the network effects of a new paradigm.
The Community DAO is built on the Ravencoin blockchain, and it is the first and only DAO operating on the Ravencoin blockchain.
In a bid to connect Web3 to the real world, its first asset, a CommTower located at Sky City plaza is under construction which would accommodate members of the community, a place for your smooth events, programs, and pleasure. CommDAO, with its best knowledge in tokenizing real estate, from physical to metaverse colonization and lots in between, is a portal to a digital frontier.
As a green project (new project), we need more hands on deck and members who would be rewarded with its native tokens known as C0MM for their contributions in the building and the development of the project, same as in the marketing of posts and bills.
CommDAO is currently utilizing three major media as channels of spreading information and reaching out to its audience on a daily, weekly, and monthly basis. They are:
Commdao.org is the core website where you can lay your hands on our products and services.
@thecommunitydao that serves as its voice speaking vividly to users on Twitter.
A Discord server that houses its members and is the powerhouse of the project where all who believe in CommDAO and its prospects.
To wrap it up, CommDAO COMMbank, a treasury for the project is founded on the non-reusable C0MM base Regular Asset Token, minted to the Ravencoin Blockchain using the triumvirate method.
The door is wide open to all who have found favor in Web3 in one way or the other and also to those who wish to explore a new universe from planet earth through the help of their desktop or mobile devices.
Non-Fungible Fungi 🍄🍄🍄
NFT Music: What is it? The good and the bad.
NFT music has begun picking up steam in the space over the last couple of months with Coopah literally memeing it into existence.
We’ve seen artists as big as Snoop go this route, and it begs the question: what is NFT music, and does it make sense?
NFT Music has had its fair share of criticism even from the NFT faithful.
This article isn’t meant to help you decide if NFT Music makes sense or not, just to explore both sides of the argument and let you conclude.
What is NFT Music?
If you already know what NFTs are then it’s basically replacing the image with an audio file.
NFT Music allows fans to own original copies of their favorite songs from their favorite artists. Anyone can still stream the songs but you buy the original copy.
Artists such as Grimes, Shawn Mendes, The Weeknd, and many more have launched their versions of NFTs. Most recently, Snoop Dogg announced that Death Row Records, his former label — which he acquired in February — will be an NFT label.
NFT Music: The Good
We will divide this into 2 categories: the Good for the Musician and the Good for the Fans (same thing for the bad).
The Good for the Musician
Musicians get to make more money from their music. In the traditional music game, the musician gets the tail end of the profits, and the labels, promoters, etc. take first dibs. But with NFT Music, the musician is connected directly to the audience, cutting off the middlemen and getting paid more.
You don’t have to be massive to make a living as a musician. In the same way, NFTs allowed any artist who is good enough to afford necessities, NFTs offer the same perks to musicians, removing the pressure to “blow up.” An NFT artist with 2,000 true fans can now make a living.
Avoid legal trouble and burnout. In traditional music, musicians have to release a certain number of songs a year and meet sales metrics. This can lead to burnout and legal trouble if the targets are not met. With NFT music, there’s less pressure because the musician has no contractual agreement to worry about and can have more fun focusing on the music.
The Good for the Fans
Fans are directly connected to their favorite musicians. With NFT Music fans have a deeper and more personal connection with their favorite musicians.
Fans get to enjoy better, more ‘in the flow’ music. YouTubers make videos on their schedule and pump out content at the rate they want, leading to better videos. The same applies to the NFT musicians. There’s less pressure to hit the numbers.
Fans get to benefit from the upside of their favorite artist blowing up. Fans who support a talented artist early will benefit when the artist goes mainstream from the NFTs bought.
The Bad for Musicians
Pressure to keep the floor price up. If an artist has a community filled with people trying to get a flip, it’ll be bad if the floor price drops which can lead to some people exiting the community.
Copyright laws. This is bad for both sides. Whilst NFTs have the potential to hand power back to artists, there are also no clear boundaries set up at the moment on who owns the intellectual property of a song if it were issued as an NFT. Should the NFT owner take royalties? Are we going to sign off the master rights as well as the master file? It’s not clear how this is all going to work. But you can be sure that record labels will want to continue to monetize their artists to the fullest extent, leading to potential legal battles that could generally slow down the development of NFTs. It remains to be seen how much power can be restored to an artist who’s already signed.
The Bad for the Fans
Copyright laws. Read above.
Market crashes. What happens when the market crashes and no one is buying your NFT music? This is always something to consider when buying NFT music. Also what happens if the artist never blows up or hits the mainstream?
Where do we stand? To be honest, we are still a bit skeptical about the viability of Music NFTs and would advise everyone to think it through before going all-in.
Ambassador Report
The mission of the Community DAO Ambassador Program has been updated. Click here for details.
Leaderboard/Ranking
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Industry News
Metaverse Land: What Makes Digital Real Estate Valuable
Gaming And Media Company To Invest In Web3
Ravencoin
Ravencoin NFT Exchanges
The Ravenist - https://www.ravenist.com/ - Custodial NFT marketplace
“Ravenist, is an up and coming premium NFT marketplace on the $RVN Blockchain. You can create/sell/buy/store assets on Ravenist. Ravenist is a custodial service and doesn't require the installation of any extra applications or wallets to be used.”
Just NFTs - https://justnfts.io/ - Non-Custodial NFT marketplace - links up with The Ravenist
“Our website is for you to use, not for us to tell you how to use. It’s for the community, the RVN Community.”
1- Create an ‘Asset Aware’ (RVN) wallet.
2- Register an ‘Artist/Vendor’ account.
3- List a product/Upload work (data/image/clip etc)
4- Promote your product
Stats: https://justnfts.io/justnfts-stats/
Mellori Markets - https://mellori.market/
“Mellori Markets is a community-driven website that acts as a middle man between artists and collectors. Once a collector has made a payment, the digital artwork will be automatically delivered to his said crypto address. The payment will be automatically sent to the artists, which means Mellori will not hold any payments from the collectors…The simplest and fastest way to buy NFTs on Ravencoin…Made by the Community for the Community…In pursuit of synergy between artists and the community, we are driven by teamwork, blockchain solutions, and the people that use them. We nurture a close relationship with artists and the community to help them in their creative journey. Our developers are committed to making NFTs available to everyone anytime and anywhere by fully automating the process of acquiring NFTs in the Ravencoin blockchain.”
The Asset Marketplace - https://theassetmarketplace.com/
“The Asset Marketplace is a premium marketplace for tangible and intangible assets that feature blockchain based representations and provenance (“Digital assets”, “Non-Fungible Tokens”, “Digital Certificates of Authenticity” etc.). Store Vendors can sell products at a fixed price or auction them. Vendors also have the option to take cryptocurrency as payment directly. For cryptocurrency, no fees are taken at this time and all cryptocurrency and digital asset transactions are the sole responsibility of the Store Vendor and respective Buyer. All transactions are considered “peer-to-peer” and The Asset Marketplace does not facilitate the transfer of digital assets or cryptocurrency between Buyers and Sellers. The Asset Marketplace and its parent company do not vet the legitimacy of Store Vendors or the products they sell. All Buyers and Sellers on The Asset Marketplace take full responsibility for the transactions they are party to and should always do their own research.”
Ravenmint - https://www.ravenmint.com/
Ravenmint is an exchange with art and games minted onto the Ravencoin blockchain. Sign up, buy, post, trade etc.
RVNFT - https://rvnft.art/
“RVNFT works for you as your NFT Art Agent. Have your work exposed through RVNFT social media, our mailing list as well as other various promotions and marketing avenues. RVNFT can help you get your work added to NFT Marketplaces, Virtual NFT Auctions, Virtual NFT Gallery Events and Virtual NFT Art Fairs over on Ravencoin Campus. Need an idea for your next NFT work of art? RVNFT can also provide NFT design curation and consultation services. Check out our website’s NFT Marketplace Page where your NFT can be posted for sale as well as sold through our Virtual Expo Hall Booth inside Ravencoin Campus. RVNFT frees up time for an artist to focus on creating their art.”
RVNbay - https://rvnbay.com/
Sign up, mint, buy, trade, network within the Ravencoin community.
NFTRVN - https://nftrvn.net/
Browse listings…Buy or Sell NFTs with USD or RVN…
Buy: “Looking for a specific NFT Owned by NFTRVN? Look no further! BUY with $USD and SELL for RVN or Just buy with RVN and sell for RVN.”
PAY WITH RVN or $USD! (Can choose to repost and sell for RVN)
- If paying with RVN (Method 1)…
Find an NFT that you want. Copy the Ravencoin Address in NFT Description.
Send RVN to address specified
Fill out form
Method 2…
Sell: NFTRVN is an asset on the Ravencoin Blockchain, selling your NFT couldn't be easier. Start earning today. Ravencoin deposited directly to your wallet.
Fill out form to submit an nft for approval
Once approved, we will send you a randomly Generated Ravencore Asset Aware wallet address to transfer your Unique Asset to.
Once Asset has been transferred, you will receive a confirmation email with Transaction ID and a verification image UNIQUE TO YOU. This is to withdraw your NFT. When you decide to withdraw NFT you will be asked to upload Verification image, NFTRVN will HOST your NFT/COLLECTIONS on our site. When it sells, you can receive payment in Ravencoin transferred to your wallet…