Day 2
80 min

1 task
Agenda
1. CIL history
2. Accountability value
3. Remote work culture
4. Vacation policy
5. Creator economy basics
6. Vocabulary of the day
CIL history
How did it begin?
Pre-history
Alexey, Alex, and Egor were working on distributed systems in IT company (outsourcing). They were part of the team behind https://www.paralect.com.

The three of them began working with blockchain and started to understand power of blockchain. As such, they began trying to generate projects (work) for the Paralect that was related to blockchain.

Then they began expanding the idea of rewarding researchers and doubled this idea up with blockchain after realising that it was a perfect match.
Autumn 2017 — Q4 of 2017
Blockchain for scientific research: reviewing and reputational rewards, secured by blockchain.

At first the belief was that activities within the product should be scientific.

When they started building the project, they began to realise that they are not just a blockchain, but also a platform for activities related to rewarding those for creating intellectual assets; with this came the realisation that the work was a lot for just the small group.

While the trio thought about launching a token during the hype of 2018, they weren't able to work out an adequate business model (tokenomics) that would ensure value for token holders and longevity of the project, so they decided to delay.
Q3/Q4 2018 — Q2 2019 - Q2 2020
No tokens — not viable; research platform

Although they believed that pairing scientific research and tokens together was a good match it wasn't clear from a business perspective whether it would work and so this became a hard sell. Moreover, they began to understand that the platform isn't just for scientific research, but could be for any high-value intangible assets (IP in general: e.g. patents).

This realization made them shift to more traditional industries. They began to approach businesses, publishing houses, scientific communities, grant agencies — trying to sell them a solution. The idea was not about just launching a chain and growing the price of the token; but trying to get clients and business.

When they started, they started with their own blockchain: Graphene-based — developed by BitShares (fairly well-known in the blockchain sphere).

They wanted the project to be more user-friendly for people outside of blockchain (i.e. no Metamask, no transaction fees).

Grants
  • Blockchers 2020 (it was Blockchers program, they were funded within Horizon 2020 program and we were kind of subawardees) - built a system for grant management. summer-winter 2020
  • Web3 Foundation Grant (Polkadot) — winter 2020 (still ongoing, one milestone delivered)
  • EOSC Co-creation pilot - summer-autumn 2020
IP ledger

Timestamping of docs/files/IP assets on a blockchain. Show prior art (before time to file, etc.).

Market for this was not ready. This product was wound up (1-2 years ago), but the technical findings from this project are now used in the existing system: Timestamping, Proof-of-Share (important for secure communication)
Present
Now transitioning to a token system since they now understand how the governance will work.

So now they are somewhere in between: blockchain and DeFi + legacy business focus (constructor) for businesses to build Web 3 applications simply and quickly.

Now started the transition to Polkadot and received a grant from Web3 foundation to move protocol there. A lot of work ongoing to shift to Polkadot (support for pilots that have been conducted).
Q2 2021; 2022
Raised investment

Token generation event — September 2021 could be pushed to October (Ethereum — then bridge transfer to Polkadot)

Constructor release — October 2021

Polkadot testnet — October/November 2021

Vedai launched (MVP ready in September 2021)

Launch of Polkadot MainNet

Migration of creator economy protocol

tbd
Value of the day:
accountability
Peer-to-peer accountability is the responsibility of every employee. Lack of accountability leads to confusion and mistakes, while responsibility and ownership leads to progress. This is why every team member has responsibilities for which they are held accountable.

Our company is remote first.
Remote work culture
The main idea of being successful in this working process is to become visible for others. We kindly ask you to share your results, even the smallest ones, usion Notion and Slack.
Did you find and read the materials?
Task 1
To find out more about remote culture, please visit Notion page following the direction:

DEIP Main → Onboarding Checklist → Required reading → Remote first
Not
You are doing great! :)
It's ok, Notion needs some time, we prepared the link for you
Read it and then come back to continue.
Watch and read the materials to dive deep into creator economy basics
Creator economy
and watch:
Before the vacation, you have to pause for slack. Please, read the instruction
Vacation policy
Think over the correct answers.
Vocabulary of the day
What projects are most likely to be funded by CIL?

— Web3 projects
— Blockchain-based projects
— DeFi projects
What is the main principle of the creator economy?

Allow creators to monetize their content
— Ensure the authenticity of creators' content
— Allow traders to invest in creators' content
What doesn't refer to the creative economy?

Traditional resources of land, labor, and capital
— Ownership rights
— Royalty payouts
What are intangible assets?

— Assets that have no physical presence
— Assets that have a physical presence
— Assets that are stored on the blockchain
What is the primary goal of an F-NFT?

— Drive the adoption of Web 3.0 — Decrease the price of an NFT
— Make NFTs more affordable for investors
Today's terms to onboard at your best
Collective Intelligence Labs (CIL) is a decentralized incubator for Web3 projects with a mission to build infrastructure for global collective intelligence. Recently, they have launched a funding program to fund R&D projects. And DEIP has become one of the projects incubated by CIL.
The main idea of CIL is to gather individuals from all over the world whose ideas can accelerate the development of web3 and collective intelligence infrastructure. The projects looking for a chance to be funded should include collective intelligence technologies, tools, and protocols and/or cover the applications of collective intelligence in the creative economy space, including:

— Peer review and open science
— Art
— Student grade assessment
— Assessment of architecture
— Assessment of source code and software applications
What projects are most likely to be funded by CIL?

— Web3 projects
— Blockchain-based projects
— DeFi projects
It's an economy where the central entity is the creator, and all the incentives and economic models should be aligned to make the creator more productive and facilitate the rise of creators in the economy. When creators publish content their audiences love, they're rewarded with tokens issued by their followers, which can be transferred into other forms of value the creator can use.
Examples of creator economy software platforms include P2E games, Twitch, Substack, Lightricks, YouTube, Instagram, Collaction, Spotify, TikTok, and Patreon.

What is the main principle of the creator economy?

— Allow creators to monetize their content
— Ensure the authenticity of creators' content
— Allow traders to invest in creators' content
The creative economy is still an evolving notion that has no single definition yet. It's used to describe everything that sits at the crossroads of culture, art, business, and technology. Generally, the concept of the creative economy can be defined as people's use of their creative imagination to increase an idea's value.
Regardless of the definition of the creative economy, experts agree that it's growing at a record-setting pace. The creative economy encompasses careers in design, architecture, art, photography, literature, and more.

What doesn't refer to the creative economy?

— Traditional resources of land, labor, and capital
— Ownership rights
— Royalty payouts
    Collective Intelligence Labs
    Creator Economy
    Creative economy
    An intangible asset is a non-monetary asset that has no physical substance. Patents, copyright, franchises, goodwill, trademarks, trade names, and software are all intangible assets. They exist in opposition to tangible assets like land, equipment, inventory, and vehicles.
    On the DEIP network, rights to intangible assets are expressed in F-NFTs.

    What are intangible assets?

    — Assets that have no physical presence
    — Assets that have a physical presence
    — Assets that are stored on the blockchain
      F-NFT is a fractionalized non-fungible token — a part of a unique digital asset whose ownership and authenticity are tracked on a blockchain. It's a way of selling and owning a smaller piece of a digital asset.
      When it comes to fractionalized NFTs, their ownership history is divided among the masses. Now the liquidity of the assets is higher since instead of one asset, there are many little bits and pieces. NFTs are growing in price which makes them too pricey for many to buy. With fractionalization, more people can own a part of the NFT without emptying out their bank accounts.

      What is the primary goal of an F-NFT?

      — Drive the adoption of Web 3.0
      — Decrease the price of an NFT
      — Make NFTs more affordable for investors
        Intangible Assets
        F-NFT
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