What makes DEIP such a great project?

DEIP represents the future for the creator economy, a Web3 project for creators everywhere to monetize their work more effectively and reach huge new audiences. 

According to a United Nations report, the creative economy is worth over $2.2 trillion, with that set to increase at least 40% in the next 10 years. 

New Global Economic Trends: Web3 & Creators 

The global economy is moving from a “value capture” economy to a “value creation” economy, and this needs a new set of rules, frameworks, and platforms. Web3 is at the vanguard of these major social and economic changes. 

In 2021 alone, $30 billion was invested in Web3 platforms, startups, and technology providers. We are witnessing the rise of the blockchain-based Metaverse, and NFTs (Non-Fungible Tokens) created by artists, musicians, and creative entrepreneurs are at the heart of this new economy. 

DEIP sits at the intersection of these two exciting and growing trends. Both are going to accelerate in 2022 and beyond. We seek to make it easier for creators and Web3 founders to grow, reach new audiences, and monetize what they’re working so hard to create. 

What Is DEIP? 

DEIP is a decentralized infrastructure, a Web3-based protocol, for the creator economy. 

At the heart of DEIP is a protocol that enables the discovery, evaluation, licensing and exchange of intangible assets. It’s designed specifically for intangible asset tokenization (in the form of F-NFTs), governance (via DAO), and liquidity (via DeFi instruments and derivatives).

Alongside this is a Web3 constructor, a blockchain-based solution for Web3 founders to launch and grow Web3 startups. 

Supporting and driving all of this forward is the DEIP Network, a Web3-based Substrate Blockchain,  responsible for implementing the creator economy protocol. At the same time, we are going to launch a DEIP Token, a native token to facilitate the solutions on the platform, including DeFi applications and DAO-based governance. 

What’s the DEIP Token Designed For? 

When the DEIP Token is launched, through an Initial Coin Offering (ICO), it will have three core functions: 

  • Governance: as a governance token, it provides holders with voting rights for the election of validators and council members, and for the adjustment of the key network parameters through referendums. 
  • Utility: the DEIP token is a native currency designed for payments on the platform, and will be integrated with F-NFTs, NFTs, and DeFi instruments, and yield farming. 
  • Staking and yield farming: network participants can stake DEIP tokens on a specific F-NFT segment (or on specific portals) in order to farm the yield of the underlying intangible assets. 

So, What Makes DEIP Such A Great Project? 

DEIP is an exciting project sitting at the intersection of the Web3 and creator economy. 

Creatives and Web3 founders can use DEIP to launch and accelerate the growth of their projects and startups. It comes with all of the tools founders and creatives are going to need to capture value (in the form of F-NFTs) and grow. 

Supporting DEIP, either as a global ambassador, or an investor (and member) of the DEIP community, once the token sale launches is a way of getting in on the ground floor of these exciting trends. 

As a member of the community, no matter how much you stake, you will have a say in the governance of the platform. You will be supporting its growth, ensuring DEIP reaches the audience that will benefit most from our innovative features, protocol, and solutions. 

One of the most recent steps DEIP has taken as part of our roadmap is to launch a Testnet on the Octopus Network. The Octopus Network is one of the most cost-effective interoperable chains out there and the best way to connect with other networks, such as the Ethereum mainnet. This is the first step towards auditing and assessing both protocols, auditing the code, and integrating the relevant features. 

As part of this, the DEIP Event Proxy module is being tested and integrated, a Web3 innovation for tracking events happening on the DEIP Network. This should boost network throughput, lower the volume of transaction logs, and ensure the protocol only validates business processes. 

And the amazing thing is, this is just one innovation of many we are working on at DEIP. Everything the team and community are doing is designed to support the rise of the new creative economy, founded on Web3 and blockchain-based decentralized principles. When you invest in the DEIP Token offering (ICO), you will be playing a role in the rise of the new creative economy. 

Soon as we are ready to launch the DEIP Token, through a DEIP ICO, you will be amongst the first to know. Subscribe to our updates to stay aware of the progress on our Roadmap! 

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