Weco Land: ALL-IN-ONE DESO Platform
Original title: "Weco Land: ALL-IN-ONE DESO Platform"
Original source: Coinspeaker
According to Coinspeaker reports, WECO LAND, a metaverse infrastructure platform that provides one-stop management capabilities for DAOs, is undergoing internal testing. It is reported that this platform is an innovative product of DAO+NFT and has already Various DAO organizations and communities started to apply for internal testing in August, and it is hard to find internal testing qualifications on the shortlist.
The one-stop dedicated DAO service DESO platform that detonated FOMO" Weco Land”
The DESO platform "Weco Land" of the metaverse infrastructure company WECO, which focuses on DAO services, is undergoing targeted internal testing. At present, a number of high-quality DAO communities have successfully settled in, and the public can apply for the internal testing first. product experience.
It is reported that during the closed beta period, Weco Land will open the encrypted asset identification function, DAO group creation function, DAO group IM chat, DAO group meeting, DAO group creation and other functions for free during the internal test period. The WECO team will collect internal test feedback and gradually open the public test. At that time, users can experience immersive group conferences and voice chat functions in encrypted groups. In the future, the community content precipitation function and openness will be opened, and the full platform scene will be gradually created and realized. In Huayuan Universe, users will have the opportunity to get NFT rewards after completing the community experience, and experience the new Chat to Earn gameplay. The one-stop service Weco Land Beta version quickly triggered FOMO on the entire network after it was launched, and immediately aroused fierce repercussions in major DAOs. The social media attention of its NFT project matrix Weco Genes surged, and it became a hot and popular project for a while. How did Land detonate the FOMO sentiment of the entire network?
「Before the emergence of Weco Land, each DAO switched between different Web2 application platforms—Twitter to obtain traffic, Discord to manage the community, and Telegram to communicate; now with the emergence of Weco Land, DAO can enjoy a one-stop low-threshold solution to various basic needs in the way of Web3." A senior Web3 builder gave feedback during the internal test.
The governance pain point of DAO - the scale of the community and Scene
Compared with the Web2 era when the application layer was popular, the development of the encryption industry has been extremely slow since the development of the application layer. DAO is a brand-new derivative, especially for the DAO community, there are few integrated, one-stop platforms dedicated to serving the DAO community. It is still too early to talk about DAO infrastructure, and Weco Land is an application that focuses on helping DAO to manage efficiently. The industry is looking forward to the DAO+NFT governance structure to have a landing scenario, and encryption professionals are also paying attention This innovative product of DAO+NFT.
The full name of DAO is Decentralized Autonomous Organization, translated into Chinese as "Decentralized Autonomous Organization". It is an organizational structure developed based on blockchain technology and a brand-new way of human organization collaboration. Although the DAO of decentralized organization has changed the way of organizational collaboration, its concept is still too broad. There are differences in their respective organizational goals, group identities, community characteristics, and working methods, but the governance logic is similar. We can also find a common underlying structure and consensus from these organizations. All DAO organizations need a social space or messaging tool for members to communicate. Essentially, they lack a complete set of governance mechanisms. Through this set of complete governance mechanisms, group members can make collective decisions and vote on how to operate the DAO. Using treasury funds, how to carry out the division of labor and the distribution of member rights and interests in a single project. Especially with the gradual expansion of DAO organizations, the difficulty of governance has increased exponentially, and efficient and interconnected decentralized governance has become a governance problem.
Weco Land's first ALL-IN-ONE DESO product
Weco Land is the first ALL-IN-ONE The DESO product, which focuses on serving the DAO community, intends to realize the social scene of the multimedia metaverse, including instant messaging, content accumulation, public domain traffic, metaverse land, NFT consensus and other elements. Through the self-built Privite DID chain database (SBT&NFT) to realize the confirmation of information assets, create a co-construction open ecology, and share the platform results with all DAO communities.
DID - Soulbound Token (SBT) and Digital Ownership< /h3>
Picture Proof (PFP) The emergence of NFT has created an unprecedented form of digital identity. PFP exists as a totem of community organization, just like collectibles such as Bored Ape Yacht Club and CryptoPunk. NFT holders will It creates emotional attachment. Holders of these NFTs are quite proud to use the NFTs as Twitter and NFT profile pictures, and while many holders purely financialize the NFTs, others see these NFTs as a representation of their identity, and the holders and these NFTs An emotional connection is established. Weco Land will also use the unique NFT "Soulbound Token" as the basic certificate of digital ownership to create an exclusive DID identity system.
In the specific application scenario of Weco Land, first of all, users must log in through the encrypted wallet MetaMask, and user hiding is more secure. After logging in, the user's personal center page can display their own NFT collections, which brings trust based on the common interest in encrypted assets to social relationships, thereby promoting the connection between users. The DID-based decentralized identity system is a function that Weco Land is planning. All social behaviors of users in WECO will form a social graph and be searchable on the chain. This will make the user's social behavior on the Weco Land platform more transparent, and allow the scene application and project parties that will later connect with Weco Land to better obtain the user's social behavior graph and give credit to valuable users. Users can set NFT collections as business card avatars, and socialize by exchanging business cards, and reproduce real social scenes in the form of virtual twins. The operation is simple, easy for users to spread, and it also links Web3 users. Users can bind multiple encrypted wallet addresses, associate user assets in a one-to-many manner, and give users NFT assets landing application scenarios.
Identity System
Display of Encrypted Assets
NFT——Tokenized Fair Management Incentive Mechanism
Fair management incentives for Web3 applications Crucially, the DAO model makes this possible, and the SocialFi app goes a step further by using the concept of non-fungible tokens (NFTs). In the world of DeFi and even GameFi, we often see utility tokens used to power in-app economies. With SocialFi, we have the social token that marks the third layer economy. These tokens can be created not only at the application level but also at the user level. Creators can now manage their communities through social tokens, and each user group with meaningful brand equity can have their own token. For example, a single DAO community could have its own token and a mini-economy operating around it. The value of tokens will be directly proportional to the social influence of users, therefore, the value of non-fungible tokens (NFT) owned by DAO organizations and organization members will be higher than the value of social media profiles created by ordinary users.
Non-fungible tokens (NFT) in WECO LAND have some basic design principles, such as:
1. Community Token NFT: Only the DAO community has its own For its own NFT system, if you want to participate in community governance, you must purchase the corresponding NFT and put it in your wallet;
2. NFTization of content creation: Help authors cast an article into NFT and initiate crowdfunding within Starship. Each article NFT can be understood as a fund, everyone can hold a certain share, and the main income of the holder is the dividend of the NFT transfer fee and the appreciation space of the share;
3. NFTization of social relations : Cast user social relationships into NFTs, and these NFTs will increase in value with the value-added of content NFTs, forming a subtle symbiotic relationship between creators, users, and content: this provides a good soil for the community, through NFTs will The community is connected, and users can discuss, trade and jointly govern in the NFT community;
4. NFTization of active interaction: NFT on the WECO platform has a pledge function, and active interaction that is deemed beneficial to the DAO community means The higher the contribution, the higher the pledge income will be doubled;
DAO——Achieving Value Capture Autonomous Organization
An extremely important part of a DAO organization is the social part where community members interact. The value implied by SocialFi is hidden in each interaction, and we need to demonstrate the personal value of content creators to capture the value from SocialFi. SocialFi hopes to form a self-consistent economic system by tokenizing its own social influence to help more people with different levels of social influence obtain benefits corresponding to their social influence. The ability of SocialFi to capture value depends on the presentation of personal value demonstrated by SocialFi. Only by empowering the creative content and social influence produced by a single individual can more individuals gain benefits in the creator economic system, and its value ecology can be realized. develop, expand. WECO takes a different approach, further empowering personal value through organizational value, and the value coordinates need to be positioned and presented in social scenes.
DAO is a new way for Web 3.0 to reach people, and it is a next-generation cultural phenomenon after NFT provides creative talents with tools to capture economic value. From the original economic capital to social capital, it opened the 3.0 era of social interaction. The DAO era of social 3.0 has been re-launched. A person can be not only an audience, but also an administrator, or a creator, or a user. The identity of a person is no longer fixed, but fluid and changing. The structural base of the WECO platform is decentralized DAO. Each DAO needs its special NFT token for verification and digital confirmation. The governance of a single DAO organization is voted and empowered by the non-homogeneous token NFT token, that is, identity Governance and digital ownership are driven by non-fungible tokens (NFTs), and community members collectively determine community governance. All members work together to create a Web3 social ecology. Compared with the Web2 community, which is "created by enterprises and joined by members", WECO's value orientation is that the Web3 community should be "owned by members and contributed by people." Members should be attracted by the same virtues based on on-chain data, everyone can contribute to the community, to the group to get rewards, and to govern the community and the group according to their own ownership.
WECO LAND Hongmeng is divided into the upper realm (Upper Realm) and the lower realm (Lower Realm) that will be realized in the future. The upper bound is the starship community, which is equivalent to a semi-closed community. Communities are only open to certain Starship PassCard holders. The lower bound is the public domain. Although there is a long-term plan in the roadmap, it is also an active attempt and exploration of the establishment of a full ecological connection in the future. In the future, all users can freely enter and exit, including entertainment theme parks and commercial streets, enriching the entertainment consumption experience of Metaverse. The flow of the upper and lower bounds is realized by randomly landing high-level starships (Starship-DAO) Halo in the lower bounds. Users can freely visit and experience Starship-DAO, and even become one of them.
· Upper Realm
The upper world is full of starship (Starship-DAO) main bodies, the starships are shining and pleated, forming a bright starry sky, each starship is only held by a specific starship PassCard are open.
· Starship
Starship Starship is the collective activity base of DAO organization. The starship is spherical in shape and composed of many hexagonal space capsules. Starships below reputation level 10 are spheres, and starships above reputation level 10 spawn a Halo.
· Capsule
The starship is composed of many hexagonal space capsules. Each space capsule is an independent space and a more subdivided activity space for community members. In the actual application scenario of WECO LAND, there are six forms of activity spaces in the unit community organization, namely chat (Chitchat Capsule), video (Vioce Capsule), meeting (Meeting Capsule), text (INK Capsule), picture (Artwork Capsule), Music (Music Capsule) and the undefined Open Capsule (Open Capsule). Different types of space capsules mean the realization of a variety of interactive functions, not only instant chat, in terms of community precipitation, content precipitation is realized through decentralized storage, relationship precipitation is realized through NFT tokens, and 20+ metaverse scenes realize the real meaning Metaverse Social on the Internet.
* Chitchat Capsule
*Meeting Capsule< /blockquote>
WECO LAND——a future-oriented Web3 metaverse product
Although Web3 is still in its early stages, SocialFi and DAO are not yet as good as DeFi. It has become the leading track to lead the new bull market, but the WECO team chose to enter the market in a bear market, accumulating potential energy, and will continue to be on the road in the future. At present, there are too few Web3 projects and tools that fully and comprehensively serve DAO organizations. DAO organizations usually need to adopt some of the functions across multiple platforms and use fragmented organizational methods for organization.
WECO LAND is one of the rare metaverse projects in Web3 that has finished products and provides one-stop service for DAO organizations. Based on the DID ecosystem, realize off-chain identity authentication, on-chain identity aggregation, on-chain credit scoring, on-chain behavior authentication... Let users realize the one-stop service of "One Pass" on Web3. Innovating the DAO+NFT community incentive organization model, its product integrity and highly immersive product design are undoubtedly extremely scarce high-quality projects in the current Web3. Let us stay tuned for WECO to gradually fulfill its roadmap and provide DAO The organization designs a more suitable solution. I believe that in the near future, WECO will eventually find the most suitable way to connect with the world.
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