The Huddln Protocol aims to provide monetization features for social networks/games/marketplaces.
A unique feature that is being developed is Content Staking. This features allows people to purchase temporary stakes in content which provides partial ownership of funds. This provides patrons with a vehicle to invest into content without the owner needing to auction/sell of their content.
This feature is unique and has an obvious route to success, it provides gamification and allows people to invest in content on marketplaces, currently the only way a creator can make money on these marketplaces is to sell their creations.
Huddln Social Network - The first NFT Powered Social Network - https://apps.apple.com/us/app/huddln/id1503825604
Problem / Opportunity
The problem currently is there are not many financial instruments for creators of content. There are many instruments in defi for investors and curators. The Huddln protocol aims to change this and empower creators on all platforms including gaming/social/marketplaces.
Funding Milestones and Payments
Milestones & payments:
Phase 1: Convert staking feature into RARI compatible system (primitives) & create payout logic and calculations. -25k July/Aug
Phase 2: Introduce NFT logic, stakes will be NFTs themselves so that the ownership of a stake can be moved to different owners. This also allows other financial instruments to be introduced that incorporate this stake object. Contracts will be highly reliant on a partner fee system, that will incentive other marketplaces to use the feature and showcase cross platform staking. - 25k Oct/Nov
Total payment: $50k USD, Nov 2021
Payments will be made to the following Ethereum address:
We consider ourselves independent contractors of the Rarible DAO and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to our team.
Use of funds
Funds will be used to hire contractors and to pay the current team.
What is your business model? This is important if Rarible or the Rarible ecosystem will need to pay for your services after funding.
The business model is to extract fees from profits made. Feels will go to Huddln directly as a protocol provider as well as the owner of the content & any partners providing the feature.
- Joe Gonzalez Engineer. Engineer & Founder of Huddln Protocol & Network. Extensive experience with developing tech. https://www.linkedin.com/in/jge-2a7937115/
- 2 Contractors
Our project will attend weekly community calls, and provide updates on our milestones as we make progress. In the event that we can’t fulfil our commitment, any available funds will be returned to Rarible DAO. We will also work with community members to ensure updates are distributed through the Rarible communication channels.
Why should Rarible DAO fund this?
We are providing more utility in the RARI ecosystem, and utility that is focused very specifically on creators.
Huddln is already creating the protocol to empower creators on social networks. We will proceed in our vision to create a sustainable web3 creator ecosystem. If we can move toward that journey with RARI holders it will only benefit the future of web3.
Useful Links & Media
App: The social network we are building -> Huddln Social Network - The first NFT Powered Social Network - https://apps.apple.com/us/app/huddln/id1503825604
This is the first network of its kind focused on content ownership for mobile creators, powered by the Huddln Protocol.