Near Space brings together leaders & technology experts to join Near Ecosystem to educate the community all information on Near and Aurora
Day 2: Aurora Day
The evolution of the Aurora ecosystem and infrastructure
Overview about Aurora+
A user dashboard that delivers next-gen UX working with blockchains, and implements familiar web2 concepts about Freemium and Subscriptions. It allows 3rd parties to pay for the user transactions. Based on the at least x20 more efficient RPC architecture than the rest of the market that is at least 1y ahead of the others. And the best product rollout with Tim Cook supporting it.
Here is some community achievement of Aurora
The future of decentralized finance
Decentralized Finance in the future will be had some benefits such as: Instead to create a derivative and listing it you need a lot of money. It’s easily accessible: the literacy people in the world, can access crypto derivatives and defi, and easily created: Instead of creating a derivative and listing it, you need a lot of money. In DeFi, It’s can be done by one person very cheap and fast. The leverage trading in defi should also be totally decentralized
Aurigami’s Aurora story
Aurigami is a decentralized, non-custodial, native money market on Aurora. Their main product offering is Deposit and over-collateralized lending for the 9 largest assets on Aurora ecosystem. Augirami reached some community achievements since launch such as $280M average liquidity, $3M total liquidation, 8K total active users, and 9 assets listed.
When the product is launched, it has a problem “How can we seize the first mover advantage and be the first money market on Aurora?”. The solution is contributed directly to Aurora Engine 2.4.0 Release where we improved gas efficiency by 2x. Aurora Engine is a smart contract written in Rust on the NEAR blockchain and contains a full EVM interpreter to execute transactions the same as Ethereum. Transaction sent to an Aurora RPC endpoint wraps a signed Ethereum transaction into a NEAR transaction. Therefore, each transaction must follow the rules of the Near Protocol. This is where the NEAR gas issue arises as they need to do more EVM work within the same amount of NEAR gas. Improvements made include Caching values read from the NEAR state by the Engine contract, short-circuiting the empty account check, and using a little-endian representation of numbers on the EVM stack.
Enabling Next-Gen Interoperability in Aurora
The future of Interoperability:
- Age verification above 18+
- Better LTV ratios
- Institutional investments
- Democratic voting and airdrops
- Connecting accounts cross-chain
- Citizenship verification
- Blacklisting users
- Privacy-preserving user insight
Day 3: Web3 Communities
The Evolving Ecosystem Governance
The vision of Near Protocol becomes a world where all people can control their assets, data, and power of governance. Protocols have not yet figured out ecosystem-scale governance in a decentralized way. Moreover, Near believed that building better self-governing systems at a global level has to start with our own communities. Near Protocol needs meta-governance so the structure can evolve itself as the ecosystem evolves
The reason why we need the governance:
- Ecosystems, like companies, get bogged down in bureaucracy and politics as they scale
- Lack of clear decision-makers or processes leads to missing big opportunities, slower progress
- Public goods must be funded in an open source ecosystem: protocol development, funding, and maintaining tooling
- Decentralization is difficult but increases resilience and antifragility for the long term
The Rise, Fall, and Dramatic Rebirth of Social Media
With the era of technology, Facebook, Instagram, and youtube now live on forever. This is the biggest reason for the rise of Social Media.
However, It was too all to drive ad dollars because producing content needs a lot of dollar revenue. There is some poorly thought out and when people were building the social platform, you must let an app get your name, your friend’s name, and the email addresses of everyone, you’ve ever interacted w people thought that into liked some pretty cool games they didn’t know they would be harvested and used against them.
The drama of social media is Facebook is losing users for the first time in history. Failures, lawsuits, companies getting regulated, chopped up, and sold. Besides, former media company competitors merged together just to survive
To rebirth, social media try to make web3 communities successful and try to do that by migrating everyone over from exploited web2 media to the new world
Niche makes a healthier social content app – one of the things that we believe in very much is a community because we feel like ultimately humans have this need to find a community to share experiences to share memories with other people
We got a sentence that is mentioned by the speakers:
“Web2 social was all about the individual
Web3 social is all about the community” – Dani Osoria, Partner at MetaWeb
Decentralized Discourse for Writers and Content Creators on Web3
What is blogchain?
Essentially, we are looking at nearly a very promising and engineer-friendly web3 platform to build what I can basically describe as a sort of combination between substance and Twitter. It’s a place for publishing. It’s a place for the discourse it’s a web application Guiding principles. It is decentralization that we’ve accomplished building on top of Near as well as IPFS for content:
- Censorship-resistant that comes not at the expense of responsible and governance-based content moderation, we do believe that content moderation has its place and is very important
- Community-based governance that is facilitated by web3. Engineering design principles as well as the way that smart contracts and token-based governance can work in general for a platform
The architecture that we use to build the platform:
They allow users to be remunerated via fiat or cryptocurrency, which is unique. In the field, we provide a lot of very accessible features to individuals coming from both web3 and web2. If you’re coming from web2, you can actually use Blogchain’s web3 auth bridge in order to create an account and log into Blogchain just using your Google account or your discord account. You don’t have to connect your wallet which can be limiting for individuals unfamiliar with the fact that connecting your wallet replaces the login button or the create account button on web3 platforms.
GameFi vs. Gaming: how to build your community
She talked about community building within web3 gaming, it’s kind of split into two main audience sectors when it comes to the gameplay users so you have played to earn games or P2E players, and then you’re more traditional games. What you would do if you were trying to bring a web 2 audience into the web3 space it’s the same in gaming. Therefore, if you’re trying to target those play-to-earn players how you would approach them is very different. The early adopters of people bringing gaming into the web3 space came out and branded themselves as a project. Therefore the traditional gaming community came to a kind of see what these triple projects were and when they arrived they were very much not triple projects. With the gamers in particular there is a real stigma around web3 so if you mention anything like NFT or IDO or crypto, you will kind of immediately alienate that traditional gaming audience, and the reason that has come around is that how many people are from a gaming background at all.
An approach to mass adoption:
There are the triple games that are true. They’ve you know been in the pipeline for a few years.
They’re starting to come out to the market they’ve really kind of lifted the viewpoint of what web3 game is and gamers are now realizing that web3 technology isn’t about necessarily what you can earn but it’s about what you can own so the ownership of in-game assets is a real benefit.
Information about NEAR UA
50+ people in UA already contribute to the ecosystem. NearUA is a regional hub, a community, a fund, a project accelerator, a venture lab, and a job aggregator for developers in the Near Ecosystem
Projects they’ve started right now. The background and expertise of our team are mostly working with P2P and traditional businesses:
The Next Billion: Who are they?
SweatCoin tends to be a younger audience from the developing markets such as Brazil,… we’re seeing lots of appetites. There you guys aware of how crypto is popular in the places like Philippines, Vietnam
- Sweatcoin is designed to get the world moving more
- 100M users earning rewards through their steps
- People walk 20% more after they download Sweatcoin
- The top downloaded Health and Fitness app globally in 2022
- Wallet users are 10-50x more valuable than web2 app users
How and why this will work:
It’s free to use with low risk, no initial investment required – literally “minted by steps”
It’s easy to grasp: The simplest UX for users new to web3
Rewarded experience: An established business model and monetization from day
The experience of developing the Gaming ecosystem on NEAR
Game on Near:
~88 or so games are in development per AwesomeNEAR.com and few are on mainnet (5), with 1 being in the top 10 most active contracts in the last 14 days (ZomLard). If you want to check out gameplay, search for *PixelDapps” on Google
Check out the Crypto Hero title as Chain Team Tactics is still in limited release
- 10,000 gamers were the biggest success so far (Crypto Hero)
- Retention is lacking for the time being, but founders are learning from each other’s launches
Human Guild’s Role:
The community of creators and founders on Near will:
- Focus on founders teaching founders which means emphasizing the Whiteboard series & collaboration required to speed up innovation early on.
- Emphasis on independent game developers started with several game jams in 2021 and doubled down on this market in 2022
- Emphasis on user-generated content can increase the number of earners, moderation can be done via NEARCrowd-style gigs. It can be a solution to retention problems
Start with grants, but mostly help non-monetarily
About Orange DAO
Orange Dao is primarily a venture. They are working in a lot of different areas. Partnership with Near and they are partners layer 1.
Orange fund is a venture fund and we back early-stage companies and provides Near with everything that an early-stage founder needs to get from 0 to 1. They have been investing very actively in the venue space in web3 and they haven’t slowed down. They are excited about everyone who’s building right now and they’re really excited to support companies and teams that are building on top of Near. They have a pretty fast investment process and really support people by helping you with partnerships within their portfolio companies.
How long does it take when someone gets excited about learning about Orange DAO to apply and actually get that check?
Their process is down to a little over two weeks. They are down so a little bit slower than other organizations but the great thing is every time someone applies to them. People know that you’re getting the best expert eyes on their product and the best people to be evaluating your product possible.
Through the presentation of experts who represent each project, we got an overview of the Near and Aurora systems on day 1, day 2, and day 3