metadata: {"type": "project", "title": "Denota", "logoImg": "bafkreia2p3d4grc3e6nrshxkrx3anjbmmvaxywb4qxrumqmloft5fxmqw4", "website": "https://denota.xyz", "bannerImg": "bafkreid5tyrgaiw4meatpk3sdje5fcefr3rau44oh54jaalox5dxrm6vk4", "createdAt": 1682091123970, "userGithub": "almaraz97", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..KGv_mBTsJth17Ah4DKdkkq0XWlHC4wHXL1vtSmO_LRiV31RoI3Wd0b-HcODCEck5jlecGhCb--fDqBzwQs8SBw", "type": "Ed25519Signature2018", "created": "2023-04-21T15:28:01.041Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-04-21T15:28:01.041Z", "expirationDate": "2023-07-20T15:28:01.041Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xd20E342dB297646a500A980088723C9E8af9810d", "hash": "v0.0.0:Sg13wrA3ixYaw5iazQISPiW7DVs6irAtBpCwx1fDaSQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#denotalabs#54364825"}}}, "description": "The Denota Protocol project is an innovative, **NFT-centric protocol** designed to revolutionize the way data and value are transferred on the blockchain. By combining the ownership aspects of data (ERC721) with the value-transfer capabilities of fungible tokens (ERC20), Denota creates powerful and programmable NFTs called \"**Notas**\" that **can store arbitrary data and logic**.\n\nEach Nota is powered by a **Payment Agreement** that specifies the conditions in which ownership and value can be altered. The payment agreement **design space is huge** and we are still exploring it\u2019s most interesting use-cases. The three currently supported Payment Agreements (Direct, Reversible, and Milestone Pay) **cater to various transactional needs**, ensuring flexibility and adaptability in the Denota Protocol. Additional agreements are in development and will be open to the broader community\u2019s contribution.\n\nThrough these novel and powerful features, Denota protocol aims to bring crypto payments into the mainstream. Throughout our time in web3, our team was struck by how little crypto\u2019s original use-case, payments, was actually being used. Even by the most web3 native users and companies in the space. Our revelation was that **payments are more than just the incrementing and decrementing of balances**- there is critical context attached like the settlement conditions, purchase details, compliance information, and more, that current crypto infrastructure attempts to band-aid over with a patchwork of web3 and web2 systems. Denota is built from the ground up to **maximize trustlessness, sovereignty, transparency, and optionality** for all users.\n\nThe impact of the Denota Protocol is multifaceted, but at this time we are most interested in how we can:\n\n1. **Simplify and streamline** payment processes between parties by offering clear and flexible payment terms embedded within each Nota.\n2. **Promote greater user protections** for their crypto payments by offering DID verification, disputation, and reputation enabled by our primitive.\n3. **Accelerate the adoption** of decentralized finance (DeFi) by providing a powerful and easy to integrate protocol that can be used by both crypto native and web2 users alike.\n\nPotential use-cases:\n\n1. Allowing **reversals of payments** for e-commerce stores and platforms. Users can feel safe sending crypto, increasing merchant sales, while merchants can sell those payments for upfront capital. No longer will merchants be kicked off their payment network for excessive chargebacks since merchants can choose to hold unsettled payments at their own risk or offload them to insurance/liquidity providers at a discount. \n2. **New protocols** can be designed to efficiently handle and bundle these payments, opening up a whole new design space for users and developers to take advantage of.\n3. Sending **ZK proof-gated money** only claimable with a valid proof of on-chain token ownership or off-chain membership.\n4. Sending time-gated tokens for your children\u2019s **allowance** or gated years into the future for their crypto **inheritance**. Even better, swap the token into it\u2019s yield bearing form so they receive more than you sent! Diamond hands + capital efficiency ftw\n5. Sending digital **greeting cards** to friends and family with encrypted messages and tokens attached. This eliminates paper waste and consolidates all your messages into one place- your wallet!\n6. And many, many more.", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "denotalabs", "projectTwitter": "DenotaLabs"}
name: Denota