InvArch Weekly News Digest
The InvArch weekly Updates contains important messages, advances, latest ideas and information concerning the protocol at large. This weekly Updates serve as a medium through with the entire blockchain community is aware of the important changes related to the InvArch protocol in one way or the other.
As the name implies, ‘InvArch Weekly Updates’ keeps users Updated on;
- What is happening In the InvArch ecosystem
- • Changes that might affect the previous protocol operations
- • Upcoming community activities
- • Breakdown of previous financial endeavours
- • Partnership and collaborations
InvArch is an IP management protocol designed for the Polkadot ecosystem. InvArch will be seeking a slot on the Polkadot relay as a Parachain; however, InvArch will also be introducing a cross-chain IP Pallet Module in order to expand the functionality of IP minting directly and throughout the entire Paraverse.
Now, also as we discussed last week’ on the technical announcements around cross-chain IP ownership & authentication, which was critically explained, the team has been working hard to bring to reality a mechanism for SmartIP Contracts. which would come very handy To authenticate files (such as smart contracts) as tokenized IP and an IP Virtual Machine for running these smart contracts.
However, More information will be released in the future. But, for now, it’s important to know that individuals around the world will be able to protect and make real the ownership of a smart contract but also make use of fractional ownership over it as well. Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. So This is just the beginning of what is sure to be a wave of revolutionary use-cases.
In addition, there would soon be more technical announcements around cross-chain IP ownership & authentication, the team has been working hard to implement a mechanism for Smart IP Contracts. To authenticate files as tokenized IP and an IP Virtual Machine for running these smart contracts.
As announced last week, The team is happy to welcome the newest member of the team, AJ Tobias. AJ will be joining InvArch as its Social Media Manager. Over the coming days and weeks, AJ will be leading the strategic expansion of InvArch’s social presence across a multitude of platforms. We’d like to give him a warm welcome to the project and to the community. This is being repeated so as to get familiar with our new team member
Keep your eyes peeled to the InvArch Network (@InvArchNetwork) Twitter account, as an AMA announcement is expected to drop soon. Lastly, The ambassador form is currently out and anyone can fill. Every successful person would get the chance to work hand in hand with the team to improve the InvArch protocol.
After these announcements have concluded, the community can anticipate that the “Finance” section will be temporarily removed from the InvArch weekly. Whether this section will be replaced with a new topic highlight is yet to be determined.
The team is awaiting a response from the last two funds that were negotiated. After that, the final decisions will be made and the funding round will officially be closed with press releases and an update to the community. Also, there are several big names behind the InvArch project … but the team has not disclosed these names yet.
The most interesting thing is that InvArch, a protocol designed to change the world approach to Intellectual Property, received funding proposals in a $25 million seed round! The team is waiting for the final decision on who they will work with.