INVARCH WEEKLY UPDATES 05/11/2021

InvArch network drops updates weekly to keep the community informed. The InvArch weekly community updates contains information on all happenings and steps taken by the team during the period of 7 days since the last update was dropped. This InvArch Weekly is particularly special, as we will be announcing and sharing the details behind the redesign of the InvArch protocol.

Other Information contained in the InvArch weekly update are;

• Notable changes for the focus of the protocol

• News concerning seed funding

• New partnerships and collaboration.

The InvArch community update is sent out at the end of every week.

Technological Updates

InvArch Technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. In fact, the larger the network grows and becomes increasingly decentralized, the more secure it becomes.

Initially, InvArch was built to serve as an intellectual property & decentralized development network for web 3.0. But now InvArch is changing it’s aim as the entire InvArch team is excited to re-introduce InvArch as an Intellectual Property management & development protocol for Polkadot. This is InvArch’s biggest update currently.

With the new InvArch Update, InvArch would now focus on more purely on the tokenization and utility of intellectual Property, and empower these capabilities through smart contract functionality. The new updates are exciting and one is that Intellectual property Ownership tokens will not be minted using the custom substrate Intellectual property ownership Pallet that was developed by the team. While this Pallet will still remain available for other developers to reference and utilize, the team is instead opting to implement Parity’s pallet_assets.

The changes for these changes are exciting and some others are;

• We’re implementing IP & dApp staking mechanisms in order to supercharge adoption

• An updated whitepaper will be released later this upcoming week.

Community Updates

There is currently an NFT giveaway going to community members and there is just one week left to participate or enter to win 1 of 5 exclusive InvArch: The Power of Ideas NFTs! These NFTs were all custom made with great care and attention, and are truly beautiful pieces of digital art.

To stand a chance of winning of the NFTs;

• Make sure you enter, follow the official InvArch Twitter account (@InvArchNetwork)

These NFTs can be seen at https://singular.rmrk.app/collections/d04063c17a6327d37f-IDEAS

Another good news for the community. InvArch would be in need of more ambassador. We are excited to add more individuals who are able to earn points and earn with InvArch.

Once the discord community reaches 10k members another opportunity would be open for everyone to apply to be an InvArch ambassador.

Financial Updates

As announced previously we have almost reached the target of the current fundraising round. But for now, the team is reducing the target if the current round and is now focusing on the upcoming strategic round. Although the date and time of this round is yet to be announced.

This is good news because it shows that InvArch is advancing with fundraising and is nearly finished with raising. Wait for more updates coming next week

Conclusion

With all the new updates contained here, it only proves that InvArch is growing fast and steadily. The technological Updates show that InvArch is changing it’s aim and is now focusing on something bigger and more realistic. This would draw more people to the InvArch protocol at large.

In conclusion, you have an opportunity to join the InvArch Ambassadors once the discord community reaches 10k members. Do not miss the opportunity to be part of this exciting community.

website; invarch.io

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Crypto enthusiast, blockchain lover, article writer

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