DEIP is a tech firm that creates Web3 protocols, instruments, and functions for the creator economic system. As a producer of knowledge-based property, artistic industries will grow to be the foremost drivers of financial progress on the planet. DEIP is on a mission to facilitate the worldwide market shift from a “worth seize” economic system to a “worth creation” by creating a brand new algorithm which democratize entry to sources for creators and unlock the complete potential of creators all over the world.
Web3 for creators
Based in 2018 by Alex Shkor, Alexey Kulik, and Yahor Tsaryk, the DEIP’s main aim is to supply an surroundings for serving to creators and innovators from numerous fashionable fields to monetize their work and collaborate with others.
DEIP offers an surroundings for creators, which permits them to earn a fairer share for his or her work. It does so by facilitating the transition to Web3 through the DEIP protocol; shifting the storage of digital content material from centralized entities (publishers) to decentralized platforms the place creators retain better management and possession of their work. DEIP brings collectively creators and financial gamers worldwide to a decentralized platform the place all concerned individuals can discover the required instruments to create companies and management their ownerships and monetization approaches.
To be able to enhance its operational energy, applicability and visibility to the worldwide creators’ communities, DEIP just lately established interchain interoperability by cooperating with NEAR Protocol and Octopus Community. DEIP will launch its mainnet on April 12, 2022, as an appchain on Octopus Community on NEAR Protocol.
Fractionalization of property
With DEIP, creators are in a position to tokenize any mental asset after which fractionalize the ensuing NFT into F-NFTs. The method of fractionalization boosts liquidity of the asset issued an NFT token on DEIP Protocol.
Since tokenizing mental work as fractional NFTs (F-NFTs) permits creators to promote full works in proportionate shares, possession of the fabric is accessible to a broader viewers. As such, the worth of any NFT will be damaged right into a specified variety of fractional tokens and provided at the marketplace for promoting or buying and selling. NFTs will be break up into a vast variety of fractions, providing the possession of the asset to numerous individuals. That means, an underlying digital asset will be ruled by a bunch of customers within the particular work.
Furthermore, DEIP’s interoperability function permits creators to take an asset out of the DEIP surroundings and transfer it to different protocols and markets inside Octopus and NEAR ecosystems. Interoperability will allow completely different chains to make the most of NFTs from different platforms and acknowledge their precise worth. Every use case enhances different use circumstances, elevating asset liquidity and product worth to deliver extra advantages to content material creators.
Beforehand, each creator who needed to be part of the NFT world had to decide on an unbiased ecosystem to create NFTs, promote them and promote revealed works. The goal group of shoppers the creator may attain was slender and restricted in accordance with the platform’s reputation and public visibility.
Who backs DEIP
DEIP has been funded by Enterprise Capitalists and key enterprise angels since 2018 with investments totaling $4,300,000 at an approximate valuation of $40M.
DEIP’s VC buyers backing the undertaking:
As well as, the undertaking is supported by enterprise angels:
Amongst its key advisors, DEIP counts:
Though the undertaking has been lively since 2018, its first public fundraise will happen quickly, with the deposit interval starting Apr 15, 2022, on Skyward Finance. All of the individuals will obtain an Octopus airdrop as a bonus for collaborating.