DEIP: Web3 + Creator Economy

DEIP is a tech firm that creates Web3 protocols, instruments, and purposes for the creator financial system. As a producer of knowledge-based belongings, artistic industries will change into the most important drivers of financial progress on this planet. DEIP is on a mission to facilitate the worldwide market shift from a “worth seize” financial system to a “worth creation” by creating a brand new algorithm which democratize entry to sources for creators and unlock the complete potential of creators around the globe.

Web3 for creators

Based in 2018 by Alex Shkor, Alexey Kulik, and Yahor Tsaryk, the DEIP’s main aim is to offer an atmosphere for serving to creators and innovators from varied widespread fields to monetize their work and collaborate with others.

DEIP gives an atmosphere for creators, which allows them to earn a fairer share for his or her work. It does so by facilitating the transition to Web3 by way of the DEIP protocol; shifting the storage of digital content material from centralized entities (publishers) to decentralized platforms the place creators retain better management and possession of their work. DEIP brings collectively creators and financial gamers worldwide to a decentralized platform the place all concerned individuals can discover the mandatory instruments to create companies and management their ownerships and monetization approaches.

As a way to enhance its operational energy, applicability and visibility to the worldwide creators’ communities, DEIP lately established interchain interoperability by cooperating with NEAR Protocol and Octopus Community. DEIP will launch its mainnet on April 12, 2022, as an appchain on Octopus Network on NEAR Protocol.

Fractionalization of belongings

With DEIP, creators are capable of tokenize any mental asset after which fractionalize the ensuing NFT into F-NFTs. The method of fractionalization boosts liquidity of the asset issued an NFT token on DEIP Protocol.

Since tokenizing mental work as fractional NFTs (F-NFTs) permits creators to promote full works in proportionate shares, possession of the fabric is offered to a broader viewers. As such, the worth of any NFT could be damaged right into a specified variety of fractional tokens and provided at the marketplace for promoting or buying and selling. NFTs could be cut up into an infinite variety of fractions, providing the possession of the asset to a lot of individuals. That approach, an underlying digital asset could be ruled by a gaggle of customers within the particular work.

Furthermore, DEIP’s interoperability characteristic permits creators to take an asset out of the DEIP atmosphere and transfer it to different protocols and markets inside Octopus and NEAR ecosystems. Interoperability will allow totally different chains to make the most of NFTs from different platforms and acknowledge their precise worth. Every use case enhances different use circumstances, elevating asset liquidity and product worth to deliver extra advantages to content material creators.

Beforehand, each creator who wished to be part of the NFT world had to decide on an unbiased ecosystem to create NFTs, promote them and promote printed works. The goal group of shoppers the creator may attain was slender and restricted in response to the platform’s recognition and public visibility.

Who backs DEIP

DEIP has been funded by Enterprise Capitalists and key enterprise angels since 2018 with investments totaling $4,300,000 at an approximate valuation of $40M.

DEIP’s VC buyers backing the challenge:

As well as, the challenge is supported by enterprise angels:

Amongst its key advisors, DEIP counts:

Though the challenge has been lively since 2018, its first public fundraise will happen quickly, with the deposit interval starting Apr 15, 2022, on Skyward Finance. All of the individuals will obtain an Octopus airdrop as a bonus for collaborating.