INTRODUCTION TO INVARCH NETWORK, AN IP MANAGEMENT AND DEVELOPMENT PROTOCOL FOR POLKADOT
AN OVER-VIEW
As we all know that the use of technology in financial services is not now, facts are always their to prove it. as clock ticks, so as crypto in general move from one level to another. Before InvArch, some evidence indicates that there isn’t a true platform where intellectual property and individual skills can securely connects. without this medium, ideas have no blanket protection while being shared, work provides no guarantee after being contributed and start-ups have limited exposure.
Currently, blockchain technology only provides security for tangible assets. DeFi is also commonly placed in the domain of blockchain and cryptocurrencies, but it’s scope is much wider.
Decentralized finance uses technology to disintermediate centralized models and enable the provisioning of financial services anywhere for anyone. DeFi services and apps are mostly built on public blockchain’s and they either replicate existing offerings built on the rails of common technology standards or they offer innovative services custom-designed for the DeFi ecosystem.
InvArch is an Intuitive and cutting edge blockchain protocol that bridges the gap between ideas and creation; connecting a world of thinkers, creators and finance under one ecosystem, allowing innovation to flourish.
SUMMARY
InvArch is an intellectual property and decentralized development Network for web 3.0 . It is a novel project throughout the entire blockchain community. InvArch aims to tokenize ideas and concepts and store them in an immutable blockchain, essentially bringing them to life, in form of non-fungible tokens.
InvArch allow users to tokenize ideas and simplifies categorization as well as differentiation and development of ideas on the blockchain, and it aims to achieve that by using IP SETS and IP TOKENS.
InvArch Network | Turn Your Ideas Into Digital Assets
▫️IP SETS
IP SETS are used to represent ideas and can be seen as a collection of file or components one would use to describe and explain their ideas.
▫️IP TOKENS
IP TOKENS can be documents, images, videos, diagrams or any other file one would use to portray an idea-stored as NFTs.
▫️ IP OWNERSHIP
IP Ownership tokens are programmable and fungible multi-utility assets that serve a plethora of use-cases.
PROTOCOL
The protocol is categorize into three major parts:
1️⃣ The main relay chain
2️⃣ Order Parachains
3️⃣ The DEV Parachain
Note that the combination of the relay chain with the subsequent Parachains is what gives the InvArch blockchain utility.
PARACHAIN DESIGN
InvArch will be joining the Polkadot Ecosystem, pursuing a Parachain slot and connecting to the Polkadot relay chain.
Note that, the InvArch Parachain is an application-specific data structure focused on intellectual property and development progress storage, which is globally systematic and validatable by the validators of the Polkadot relay chain.
INVARCH NETWORK NATIVE AND GOVERNANCE TOKEN, THE $VARCH
The InArch token is the native token of the InvArch network. It is required for many necessary functions
on the chain such as paying gas fees, participating in on-chain governance, minting intellectual property
sets, and forming decentralized ventures, among many others.
At genesis, 1 billion VARCH tokens will be minted. InvArch has a target annual inflation rate of 5%. As
would be required, VARCH has an uncapped token supply.
According to InvArch weekly News - 11/26/2021, the VARCH token generation event (TGE) has been pushed back to December, 2021.
Since the VARCH TGE will be conducted using the Statemint chain, the team is dependent on the development updates and status of this chain.
The Statemint chain appears ready to upgrade from its current shell and begin on boarding as a Polkadot common-good Parachain during December.
INVARCH NETWORK TEAM
InvArch network team are made of well educated and talented individuals. the team behind the project is a blend of professionals and engineers, and together they provide for an amazing team full of spectacular individuals.
The Project’s Founder, Dakota Barnett, brings experience from a mix of both private and public sector roles with focuses on cross-team management and support services.
Gabriel Facco de Arruda, CTO & Co-founder of InvArch, brings proven and tested experience as a skilled and agile developer from within the Polkadot ecosystem.
Kresna Sucandra, CDO & Co-founder of InvArch, deploys extensive and nurtured knowledge of the Substrate framework and showcases this knowledge through his work.
Mindaugas Savickas is the CMO and final Co-founder of the project. He is a laser-focused individual who brings strategy and foresight to InvArch.
Casey Richardson serves as the community manager for the fast-growing InvArch Ambassador Program.
Lastly, Bruno Škvorc (Founder, RMRK) and Sonja Prstec (Former Advisor: The Web3 Foundation) serve as the project’s technical advisor and legal advisor, respectively.
ABOUT INVARCH NETWORK
InvArch is an intuitive and cutting-edge blockchain protocol that bridges the gap between ideas and creation; connecting a world of thinkers, creators, and finance under one ecosystem, allowing innovation to flourish. this is achieved through the tokenization of ideas, fractionalizing their ownership, and providing a secure and transparent ecosystem where users can connect, collaborate, and form partnerships.
Website
https://invarch.io/
Discord
https://discord.gg/VjtyvR32Br
Twitter: https://twitter.com/InvArchNetwork
