metadata: {"signature": "0x3839b39faf4d9dae6e4ad237ac37b04b4c0345ce3dc2d733db1aa1e81e23e66802ae036d454f0b362ea09606629a81c2067acba7598597adb32c9fe1971b7f3d1b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "LUXBOFYn+aV19MBV+QCWyHYFgwAfKeg1DWxqrGtFmxc=", "encryptedSymmetricKey": "1f148739b9875daeb0d800049ca69b28102e1aa9a266aebdc6342f432f51901616e5e396c2cf924405507394eb48ed050d4c8fe4522505ff2028e14e5e027809b9e9190ea9d442734bce6796ddc3b9c1580a26dc269fad49c4a8dd38195774b076f02876e54425758c0d7efb821d5aa7eb12f033c7818d2384980d7d471f20fa000000000000002068d02242b45ba6e4d374f69cda995b98f31eacc2eff06071a1c1a190512e5dd2c8aa7b1019e2a2c3815782ccc8b268b6"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "20000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Our project addresses two critical issues in the Real-World Asset (RWA) space: enhancing liquidity and bolstering the security of domain management.\n\nProblems Solved:\nLiquidity Enhancement:\nCurrent Challenge: The domain sales process is currently plagued by lengthy 2-4 week escrow periods, causing significant delays in transactions.\n\nOur Solution: By eliminating the need for these escrow periods, we streamline the sales process, allowing for instant transfers. This provides sellers and buyers with access to accurate and immediate price discovery data, thereby enhancing market efficiency.\n\nSecurity Improvement:\nCurrent Challenge: The security of domain ownership is often compromised due to inadequate protection measures, leading to risks such as domain hijacking.\nOur Solution: We implement a system where domains are safeguarded with private keys, significantly reducing the risk of unauthorized access. This ensures that only authorized users can make changes, thereby enhancing both the safety and efficiency of domain management.\n\nKey Benefits:\nInstant Transactions: By removing escrow periods, transactions are completed instantly, which increases liquidity and market dynamism.\n\nAccurate Price Discovery: Instant transfers allow for real-time market data, giving buyers and sellers a clearer picture of domain values.\n\nEnhanced Security: The use of private keys to secure domain ownership significantly reduces the risk of hijacking and unauthorized changes, providing a robust layer of protection.\n\nBy addressing these issues, our project not only improves the efficiency and security of domain management but also contributes to the overall stability and growth of the RWA ecosystem.\n", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Our project offers a unique approach that distinguishes us from others in the domain tokenization space and brings significant value to the RWA ecosystem on Arbitrum.\n\nDistinctive Features:\n\n1. Not Another Namespace:\nUnlike Web3 domain name services (e.g., Ethereum Name Services, Unstoppable Domains, SpaceID, .bit, Freename AG), we are not creating a new namespace. We recognize that while creating a namespace is relatively simple, achieving widespread adoption is exceedingly difficult. Our focus is on leveraging existing namespaces.\n\n2. Integration with Traditional Systems:\nWe build on top of traditional domain registrars and registries, enhancing them with blockchain technology. This integration allows us to offer tokenized programmable ownership, enabling faster settlements, eliminating the need for escrow, and facilitating easy collateralization for loans.\n\nInnovative Features and Firsts:\nWe are pioneers in the field, being the first on Ethereum mainnet and Base.\n\nOur platform is currently the only one where users can leverage their domains to take out loans, connecting seamlessly with DeFi.\n\nWe utilize Generative AI (LLM) for domain advertising, ensuring privacy by not requiring owners to provide personal information.\n\nSeveral of our technologies are protected by pending patents, underscoring our commitment to innovation.\n\nCompetitive Landscape:\nCompetitors: Our main competitors in the domain tokenization market are 3DNS, Web United, and VM.com. While the market is vast, we strive to expand it further through our unique offerings and continuous innovation.\n\nValue to the Arbitrum RWA Ecosystem:\nIntroducing Digital Assets:\nWe are bringing the first digital asset \u2013 tokenized domains \u2013 into Arbitrum\u2019s DeFi ecosystem. This includes NFT lending and integration with RWA marketplaces like Ostium Labs.\n\nOur solution enhances the Arbitrum ecosystem by introducing new opportunities for lending, borrowing, and trading, all while leveraging the security and efficiency of blockchain technology.\n\nBy combining traditional domain registry systems with cutting-edge blockchain solutions, we are uniquely positioned to provide significant value and drive innovation within the Arbitrum RWA ecosystem.\n", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "Our project is currently in an advanced stage of development, with significant milestones achieved and live deployment on both Ethereum and Base networks.\nCurrent Stage of Development:\n\nLive Deployments:\nEthereum Mainnet: Our services and products are live on the Ethereum mainnet.\n\nBase Network: Additionally, we are operational on Base, a leading Ethereum Layer 2 network.\n\nAvailable Services and Products:\nNamefi Service Credits ($NFSC):\nEthereum Contract: https://etherscan.io/token/0x0000000000c39a0f674c12a5e63eb8031b550b6f\n\nBase Contract: https://basescan.org/address/0x0000000000c39a0f674c12a5e63eb8031b550b6f\n\nNamefi NFTs:\nEthereum Contract: https://etherscan.io/address/0x0000000000cf80e7cf8fa4480907f692177f8e06\n\nBase Contract: https://basescan.org/token/0x0000000000cf80e7cf8fa4480907f692177f8e06\n\nInnovative Technologies:\nWe have pioneered several innovative technologies, including:\nNamefi NFT\nNamefi Service Credit\nAutoPark\u2122\ufe0f with NamefiAI\u2122\ufe0f (patent pending)\nAutoENS\u2122\ufe0f\nPrivacyMax\u2122\ufe0f (patent pending)\n\nMarket Adoption and Support:\nOur tokenized domains and Namefi NFTs enjoy robust support and interoperability.\n\nMarketplace Integration: Supported by over 17 NFT marketplaces including OpenSea, MagicEden, Coinbase, LooksRare, OKX, and X2Y2.\n\nLending Platform Integration: Supported by two leading NFT lending platforms, NFTfi and Teller.\n\nBy achieving live status on major blockchain networks and securing wide-ranging support and integration, our project is well-positioned at the forefront of the domain tokenization space.\n", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "Target Audience for Our Project Our project primarily targets domain traders and other individuals involved in the domain industry. Here\u2019s a detailed breakdown of our target audience: Domain Traders: Pain Points: Domain traders are frustrated with paying hefty commissions due to centralized trading platforms. They face slow settlement processes and are at risk of fraud because of centralized ownership systems. Solution Offered: Our platform eliminates these issues by offering decentralized, commission-free trading, instant settlements, and enhanced security through blockchain technology. Investors and Speculators: Pain Points: These users are looking for new and innovative ways to invest in digital assets, including domain names, but are often limited by the lack of liquidity and borrowing options. Solution Offered: We provide the ability to tokenize domains, enabling users to take out loans against their assets, thus introducing new financial opportunities and liquidity to the market. NFT Enthusiasts: Pain Points: Enthusiasts often seek new and unique digital assets to add to their collections, but face limitations in terms of asset variety and utility. Solution Offered: Our platform integrates with over 17 NFT marketplaces and supports NFT lending platforms, allowing enthusiasts to trade and leverage tokenized domains as NFTs. Early Adopters of Blockchain Technology: Pain Points: This group is constantly looking for innovative applications of blockchain technology that offer practical and groundbreaking use cases. Solution Offered: By pioneering technologies like Namefi NFTs, AutoPark\u2122\ufe0f with NamefiAI\u2122\ufe0f, AutoENS\u2122\ufe0f, and PrivacyMax\u2122\ufe0f, we cater to their desire for cutting-edge solutions in the blockchain space. DeFi Users: Pain Points: DeFi users seek new collateral options and ways to maximize their digital asset portfolios, but often find themselves restricted to traditional assets. Solution Offered: Our project introduces tokenized domains into the DeFi ecosystem, providing new collateral options for lending and borrowing on platforms like NFTfi and Teller.", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "Namefi was founded by Victor Zhou, one of the 7 EIP/ERC Editors of Ethereum, and was leading smart contract architect at Google Labs. Namefi consists of a team with 30 years of ICANN experience. The team also includes alumni of MIT Media Labs, NASA, Imperial College, etc. The project is advised by William Entriken, the lead author of ERC-721. The platform has already tokenized over 600 domain names and has a thriving community of domain traders.\n", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "Namefi has raised ~$2.7M USD. Investors include Orange DAO, Bloccerate VC, SNZ Holdings, Alchemy Ventures, Mask Network, Rebase D. Ventures, Foothill Ventures, TSVC, Aleph Crypto, Avant Blockchain Capital, Sivol Angel Fund, and also angels who are founders of BIT Mining Ltd (Nasdaq: BTCM), Polymath Network, IoTeX, SendingLabs, and Dolphin Browser. Google Startup Program for $250K. ", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "Orange DAO and Google Cloud Startup Program. ", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0xee6ee0b0803cd0262d6cd2766742507206aeb8db778b158424f02ecb8f434d79", "title": "Namefi", "logoImg": "bafkreibirvnmgafbfjgaksvp24zeauezellpyd7xomij7tt3mkkppu5hwu", "metaPtr": {"pointer": "bafkreidfr2zx4pj7wjwx7f6tzj443acnt4b3ypezolc5g5ilytjux7gl6y", "protocol": "undefined"}, "website": "https://namefi.io/", "bannerImg": "bafkreieaiga33hhflgs5tj3reml2czvjcmab7matf5qjlww45ur2tj26ay", "createdAt": 1719410306928, "userGithub": "xinbenlv", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..T7zeAyfN627krmGBcyj8Q6BsHxrAvV-82aDXmqlyQNsxBcsdNk3kFoJ2a_mXGMmYdemj1P_orrdym5LQqOtiAA", "type": "Ed25519Signature2018", "created": "2024-06-26T13:57:50.773Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-06-26T13:57:50.773Z", "expirationDate": "2024-09-24T13:57:50.773Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1d154b32E44C2Ed908412ac9078a15EC63e6Fc4D", "hash": "v0.0.0:wPPP6srICAvhq5RwOxe3XwlR7O/HB1Y8BLmupMGiDuk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#namefi_io"}}}, "description": "Namefi is developing the next-generation identity layer of the internet by building domain name assets that offer speed, programmability, and security through the integration of blockchain technology and traditional network protocols.\n\n- First to launch on Ethereum Mainnet and Base, a leading Ethereum Layer 2 network.\n\n- Pioneered innovative technologies like Namefi NFT, NamefiService Credit, AutoPark\u2122\ufe0f with NamefiAI\u2122\ufe0f (patent pending), AutoENS\u2122\ufe0f, and PrivacyMax\u2122\ufe0f (patent pending)\n\n- Namefi tokenized domains enjoy a leading position in interoperability and partnership support. Namefi NFT is currently supported by more than 17 NFT marketplaces (OpenSea, MagicEden, Coinbase, LooksRare, OKX, X2Y2) and two leading NFT Lending platforms (NFTfi and Teller)\n\nNamefi was founded by Victor Zhou, one of the 7 EIP/ERC Editors of Ethereum, and was leading smart contract architect at Google Labs. Namefi consists of a team with 30 years of ICANN experience. The team also includes alumni of MIT Media Labs, NASA etc. The platform has already tokenized over 600 domain names and has a thriving community of domain traders.\n\nTo date, we have raised approximately $2.7 million from Alchemy Ventures, Orange DAO, SNZ, Bloccelerate, and the Google Startup Program. \n\nWebsite https://namefi.io\nDApp: https://app.namefi.io\nGithub: https://github.com/d3servelabs", "lastUpdated": 0, "projectTwitter": "namefi_io"}, "recipient": "0x01Bf7f00540988622a32de1089B7DeA09a867188"}}