Rare Protocol Weekly Update: Expanding the Vision of RareDAO
A new curation and discovery layer for the entire internet
Last week, we posted a Request For Comment (RFC) to expand the vision of RareDAO, through Rare Protocol, to have a much bigger impact on the NFT space. By focusing on the problem of fragmented data in the web3 creator economy, we can radically improve cross-platform discovery and authentication, unlocking the true potential of this ecosystem.
Why is Decentralized, Aggregated Data From the NFT Market So Important?
The web3 creator economy has exploded from a small, experimental niche, into a vibrant ecosystem of creators releasing work across countless different platforms, smart contracts, and blockchains. As it stands, we lack a comprehensive way to tie this activity back to each creator – a source of truth that provides data, insights, and asset verification, and invites further exploration by new users.
This data fragmentation hampers discoverability and makes authentication and curation reliant on centralized third parties. In order for the nascent web3 creator economy to scale to its full potential as a $100B+ market, we, as a community, need an autonomous decentralized registry of web3 creators, collectors, assets, and historical provenance.
With this dataset, one would be able ask and answer:
What is Osinachi’s total artwork supply across all platforms and blockchains?
What artists are on the MoMa’s digital photographer list?
What collectors and curators have provided attestations for this artist?
Which creators have the most community support and connections?
Is this NFT by a RareDAO verified artist?
Is this artist in the RareDAO top 100 list?
This data can enrich the experience of apps across the web3 ecosystem, enabling developers to build marketplaces, social apps, AI-based art advisors, and much more.
Together, by establishing an open, decentralized discovery and authenticity system, we can, for the first time in history, make the internet truly work for creators. Thus, the vision for RareDAO is much bigger than a single platform.
At the end of it all, we believe Rare Protocol could serve as a new curation and discovery layer for the entire internet.
Read the RFC on the RareDAO forum and let us know your thoughts!
Emerging Pools
Gutty Kreum, opened by an anonymous address – 400k RARE was staked in the pool shortly thereafter 👀
Lewis Osborne, opened by Adrian Pocobelli, a fellow artist 🎨
Ligaratus, opened by themselves 💗 because your best supporter should always be within
Community Callouts
Zack is gifting RARE to the best RARE inspired GIFs
Founders John Crain and Jonathan Perkins joined us on Rare Radio to discuss the RFC for the expansion of the RareDAO vision
Hisartwork shared the artwork from their pool page
Zack shared his discovery of $RARE listed on Coinbase
Tomato airdropped everyone who has staked more than 1,000 RARE in their pool - dive in now to be eligible for their December release
Bard Ionson earned RARE from staking on Pindar Van Arman and Eko33