DAO Approved Metrics
What is Numbers Protocol (NUM)?
Numbers Protocol builds the new decentralized photo network for Web 3.0.
With trust in digital media at an all-time low, Numbers Protocol aims to bring integrity and authenticity to the digital content space by creating a decentralized photo network where assets are both traceable and verifiable through its innovative Capture, Seal, Trace process.
NUM, is the native protocol token of NUMbers Protocol. It is primarily a utility token designed to incentivize users to create, archive and verify content with good integrity. The vision of Numbers Protocol is to create an ecosystem where photos (encompassing both images and videos) matter by leveraging proofs, integrity records and data provenance to increase the credibility and legitimacy of registered photos in the network. Participants, such as verifiers and other network operators can get rewards by providing services to increase the credibility and legitimacy of registered photos. NUM tokens can also be used to pay for services running in the decentralized photo network.
What makes Numbers Protocol (NUM) unique?
Since they are the only project in the Web3.0 space developing a decentralized photo network with added emphasis on authenticity, there are not any competitors yet. They envision their photo network as the Web3.0 versions of Instagram and Pinterest with emphasis on community and decentralization.
Since the Capture App was launched, it has been used by users from more than 90 countries. The Seal API also passed 1M access recently and more than 3M assets have been registered to the network.
What are the features of Numbers Protocol (NUM)?
Capture App: The first blockchain camera. Users can use it to take photos with on-chain provenance.
Seal API: Tools for developers to seal and retrieve photos in the network
Verify website: Users can see the certificate and history of photos.
NFT search engine: Help users find the NFT history associated with the photo asset and help NFT marketplaces perform theft detection
CaptureClub: Native NFT marketplace for photos created via Numbers Protocol. Users can choose to list their NFT here or other marketplaces in the ecosystem
What is Numbers Protocol (NUM) roadmap?
Numbers Protocol (NUM) revenue streams
If users access network applications via Capture App, there is a 2% fee to the service providers. Additional revenue sources will come from native applications such as CaptureClub (NFT marketplace) and NFT search engine. The revenue will be used for network operations.
What technologies Numbers Protocol (NUM) created and used?
The decentralized photo network is built with Web3.0 storage and ledger technologies. In this network, every photo is one-of-a-kind as it has its own Web3.0 identity and can only be registered once. Registered photos in the network have associated integrity records capturing context, ownership and creator signature. Post-creation records, including any modification and change in ownership, will be appended to existing integrity records ensuring content provenance and the traceability and verifiability of all photos in the network.
Data library, including Web3.0 storage and on-chain history, is the main technology used by Numbers Protocol. There are four key technologies used for creating the data library of the network:
- IPFS/Filecoin for content and metadata storage. The content file and the metadata file are retrieved from here.
- Integrity blockchain for saving integrity records. The full recorded content history is retrieved from here.
- Non-fungible token for recording ownership. If any ownership transfer happens, the history can be retrieved from here.
- Coalition for Content Provenance and Authenticity (C2PA) metadata standard for certifying the source and history of media content. This is particularly useful when the media file was not created by the network tools but other C2PA-compliant services. In that case, the provenance can be retrieved from the injections.
What is Numbers Protocol (NUM) marketing strategy?
Capture App is the first blockchain camera available on both Android and iOS platforms and is now used by users from over 90 countries. It is free for all users, and they collaborate with service providers such as news media, storage and NFT marketplaces to allow users to access Web3.0 photo ecosystem via this App. Users can use the app to take photos, archive photos to the decentralized web, mint NFTs or access other network applications.
Besides the Capture App, there is also the Seal API for professional users to archive and retrieve photos to the network. They acquire users by creating vertical use cases such as 78days project (https://www.starlinglab.org/78days/) or NFT theft monitoring.
What are Numbers Protocol (NUM) tokenomics?
The main incentive mechanisms of the network are "Verity to earn", "Prove to earn" and "Create (photos with good integrity) to earn".
- Creators and photo asset owners participate by paying to register their photos to the network. Registered photos have their raw content archived with Web3.0 storage solutions and accompanying contextual and integrity data is stored to the blockchain. Additional contributions can come from the use of network tools such as Capture App, which automatically collects metadata, generates integrity records and creator signatures. Users who chose not to create photos with network tools can digitally sign their photos with a valid Ethereum wallet. Blockchain storage ensures the immutability and transparency of the photo content. It is important to note that Numbers Protocol values users' privacy and data rights. To that end, they take extra care to ensure that metadata that contains sensitive personal information be stored separately from non-sensitive information. Metadata that does NOT contain sensitive personal information is saved to the blockchain while the sensitive metadata is sent to decentralized storage with proper permission control.
- Asset retrievers can retrieve photo content and its history from the network. Since all photo assets are traceable and verifiable, it is possible to retrieve the full history and different versions of the media files. All media files can only be registered once, this helps raise the level of transparency value and credibility of photos.
- Retrievers can acquire a unique copy of the photo or license to use by providing payment.
- Payments made to the network (from acquiring copy or license) will be used to compensate the original creator of the photo and network operators. A small portion will be used to cover the operation costs of the data library. There are various network operator roles. These include storage providers, individuals who contribute to the accessibility and object permanence of registered photos in the network, and verifiers who contribute to the network by performing integrity checks and providing additional context via a professional and social trust to ensure the authenticity of photos.