Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Johann Steffens
Amount Asked: $300
Status: Rejected

Decentralized identity & credentialing – LinkedIn equivalent

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Empowernet:

your body, your rules, your network

As of today (March 2023), the market for the digital exchange of adult-oriented content contains three main problems: the dependance caused by absence of competition, the uncertainty related to often policy changes and the financial exploitation of the content creators. Problems arise from the structure of centralized payment systems (CPS) and centralized social networks (CSN).

The absence of competition and the exploiting structure of the CNS conjure up a situation in which fees for creators are abusive (15-20%), censorship might happen unjustified and transparency and privacy concerns are not being addressed. It is notorious that CSNs sell users’ data to advertisers in an obscure and potentially illegitimate way, ignoring not only the privacy ordinances, but mostly ignoring the users’ desire for privacy.

Furthermore, the implementation of CPSs, dominated by a credit card’s duopoly, leaves the platform susceptible to morally-oriented sanctions and threats, spreading uncertainty and fear amongst creators. Empowernet is a transparent, privacy and user-centric, decentralized, trustless and verifiable social network built on top of Desmos network with the specific scope of intermediating the diffusion, monetization and consumption of adult-oriented content. It gives a response to the above-mentioned problems by implementing the decentralization of the blockchain technology in both structures of the social network and of the payment system.

Moreover, Empowernet has the embracement of diversity and the equal treatment to all sexual orientations as a core value. The main mission of Empowernet is to provide an environment for content exchange empowered by the values of the web3.0 in which:users are the only owners of their data and they are aware of that (privacy)content creators feel financial stability, respect and trustcorporate transparency is a structural value embodied in the blockchain structurethe sexual diversity is embraced and all sexual orientations are equally treatedA built-in payment system allows peer-to-peer payments between content creators and consumers in cryptocurrencies, completely independent from financial intermediaries and their reprisal attempts.

The implementation of a social network will boost the network effect of Cosmos by increasing the number of users of the Cosmos inter blockchain ecosystem, benefiting its users, content creators, application developers and its initiatives in the Cosmos. The user (either content creator or consumer) will be encouraged to sign up and sign in the platform by a triangle of factors:1. the functionality, attractiveness and practicality of the platform (software factor)2. the financial convenience and the exchanges (tokenomics factor)3. the moral incentive: the popularity of the product, the abundant supply/demand, the presence of other important actors in the platform (network-effect factor)Given the above-mentioned triangle, Empowernet creators are aware that the success of the platform goes beyond the adequate implementation of the software solution and for this reason a meticulous tokenomics system and ingenious digital marketing strategies are being designed. The time has come to decentralize and democratize social media!

Team: Johann Steffens
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: R&D

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $300

Date Applied: Apr 03, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Apr 17, 2023 (2 weeks)

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