Sorting out Port3 Network: becoming a Web3 social data gateway, accelerating the comprehensive on-chain migration of Web2 users
Original title: "An article dismantling Port3 Network grand plan: becoming a Web3 social data gateway, accelerating the comprehensive migration of Web2 users on the chain"
Original source: Ygritte, Winkrypto
With the emergence and in-depth exploration of the concept of SBT "Soulbound Token - Soulbound Token", many people place their hopes on the future of "the sum of countless SBTs to form a Web3 world identity" high hopes.
In January 2022, Ethereum founder Vitalik Buterin The author proposes the idea of SBT: If we understand SBT as a Token with a label nature, on the one hand, SBT is deeply bound to the user account (wallet), on the other hand, SBT’s Non-transferability also weakens the speculative attribute. With the blessing of the two characteristics, as a wallet accumulates more and more SBT, the identity on the chain represented by this wallet becomes richer and more trustworthy.
Looking back at Web2, the application layer is all about data value capture around "user identity", and the narrative appeal of Web3 It lies in the return of data sovereignty + data value mining. Therefore, the data mining and social extension around the identity on the decentralized chain is of course the only way to promote Web2 users to accelerate their progress towards Web3.
As a feasible solution to build a decentralized reputation system, the SBT concept quickly focuses on the community. The project Port3 Network (hereinafter referred to as Port3) with the goal of "realizing Social Data Oracle" is emerging as the latest batch of incubation projects of BNB Chain MVB V .
This project is based on the consideration that the project development idea is highly compatible with the SBT concept. Recently launched the first ever SBT design contest (click View event details). From August 17th to September 13th, Web3 enthusiasts can unleash their imaginations and design unique SBTs in various application scenarios. So far, 379 creators have actively participated in designing images for Port3's SBTs. The SBT will represent the user's Pass in the Port3 system to realize identity identification and verification. The project will officially launch its SBT Mint factory in the fourth quarter of 2022.
< h3>Port3's Social Gateway Grand Picture
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The goal of the Web3 social platform is close to: outline the relationship map on the chain based on open data and provide richer and more efficient information matching services. The key to efficient matching lies in extensive data acquisition and accurate data analysis capabilities. To become a social data gateway in the Web3 world, Port3 has come up with quite specific implementation ideas and presented a "two-step" trend:
Step 1: Multi-dimensional aggregation of on-chain and off-chain data, analysis and processing, and construction of a mechanism for extracting standardized data from Raw Data.
The basis of user identity is data, without enough data, the user's Web3 identity cannot be formed. In the early days, Port3 expanded as many effective data sets as possible and looked for application scenarios. With the data, Port3 will be able to label users' identities, preferences, social connections, etc., and realize the Web3 identity system in a safe and private manner.
People are increasingly aware that it is unrealistic to leave the existing Web2 platform to develop an independent social virginity. The behavior still occurs in Web2, and there is no data directly available on the chain for scenarios such as NFT Mint, smart airdrops, and DAO governance. It is currently the most reasonable choice to aggregate the data of Web2 and Web3, and then selectively provide the data needed for some scenarios.
Social behavior in a broad sense is not just the tweets you send on the SNS platform, but also includes all aspects of your on-chain and off-chain . Due to the huge volume of Social Data, the value contained in each piece of source data is small. It needs to be cleaned, analyzed, and extracted from the massive Raw Data to obtain standard data with a higher concentration of value in order to effectively serve third-party applications. In addition, Social Data is different from data such as prices. Its source is relatively centralized, and it is difficult to determine the authenticity of data submitted by third parties. Therefore, in the early days, Port3 obtained data with application potential through self-built DAO Tool matrix and SoQuest and other products, thus exploring a standardized mechanism.
Step 2: Create a decentralized Social Data Oracle based on data aggregation, providing open access for various Web3 identities and asset applications The data layer service is integrated into the Incentive Layer (incentive layer) to completely realize that data rights are owned by users.
In terms of opening up the off-chain and on-chain data channels, Oracle can be said to have contributed a lot. From the contribution of Chainlink and other Price Oracles to DeFi It can be seen. Without reliable price data, scenarios such as lending and trading on the chain cannot be carried out. In the big wave of Web3 in the future, social scenarios and data on-chain are inseparable. However, the problems to be solved by Social Data and Price Data are very different. What they want to achieve is the exchange of massive data. Therefore, Port3 specially builds a Social Data Oracle to solve this problem and realize the bridging of off-chain and on-chain data.
Social Data Oracle aims to solve three core problems:
· How data is organized and connected;
· How data rights belong to users;
· How to protect user privacy.
Port3 has done in-depth thinking in these three aspects, and designed a set of decentralization mechanism to realize it. First of all, various source data are collected to Port3 through multiple channels (reporting, crawling, indexing). Developers can define their own data models, that is, define input, output, and processing algorithms, and publish them to Data Markets. The Aggregator node in Oracle will run the algorithm defined by the data model and output the result to the Oracle contract, which can be directly read and used by third-party applications. The data models in Data Markets can be combined with each other and indexed by Readers nodes in the network to form secondary aggregated data for use by third parties.
< p>In this process, Oracle also incorporates the Incentive Layer. To read data, you need to pay a fee to the Oracle network. The paid fee will be distributed to the Aggregator and Readers nodes of the network, and part of it will be distributed to the contributors of the data. A single user is the smallest contribution unit. Before receiving contributions, one needs to own Port3’s SoulBound NFT as the identity authentication of the Port3 ecosystem, which is also an effective isolation of user privacy. The only final output to Oracle is the user's Web3 identity and aggregated target data. In this way, even if the user only participates in an off-chain activity that is read by the Oracle, he will still get the benefits of sharing the data, which is never before in Web2. At the same time, users will be able to index all their associated data through Social Data Oracle's Readers for unified management.
SoQuest product interface
SoQuest has performed well after its launch
< p>As the first data scenario focused by Port3, SoQuest is positioned to become a traffic aggregation platform in the Web3 world. Its goal is to open the data collected in the Quest scenario to NFT Mint and Airdrop and other scenarios. SoQuest has been launched in July recently and has achieved good data performance.
SoQuest's Market Performance
SoQuest has been online for two weeks, 70+ partners have opened SoQuest Space, and 48 Campaign activities have been held, with a total of 16,600+ Users participated and completed 261,650+ Action operations, a total of 26,370 users connected their wallets to log in, and SoGraph daily activity reached 1800+.
Any project party, opinion leader and DAO in the Web3 world can pass Application Page Build an exclusive Space and easily launch brand activities that include various on-chain and off-chain tasks. After data exchange with SoQuest, all participants complete Rewards can be obtained immediately after SoQuest tasks, without cumbersome processes such as snapshots, address uploads, and whitelists.
As more and more project parties launch various activities to attract users to participate, they will continue to enrich the chain, Off-chain data promotes more diverse tags and more precise identities of Port3, and accelerates Port3 to become a real social data gateway and traffic portal in the Web3 world.
Three major modules of Port3 Network
Why does Port3 show a strong growth momentum in the short term? What is so special about its design? From the design system of the project, Port3 has three core modules, corresponding to data collection, data viewing, and data application.
The three cores of Port3 The modules correspond to data collection, data viewing, and data application
· Social data aggregation channel: data collection
Through DAO Tools, the data aggregated by Port3 covers community dynamics of instant messaging platforms such as Telegram/Discord, Twitter (and YouTube/Instagram, etc. will be supported in the future) social media Content trends, as well as real-time prices and transaction interactions on the chain. In addition, through the Contribute to Earn method, more people are encouraged to contribute data to obtain platform Token income and governance rights, providing a wider data source for Port3 data aggregation.
Currently, Port3 covers 3.3 million+ users through the DAO Tools matrix of Discord and Telegram, and supports 340 of 10 popular public chains + Projects, including Ethereum, BNB Chain, Solana, Avalanche, and Fantom, etc., project parties can easily realize on-chain interaction and community analysis through DAO Tools.
· SoGraph.xyz: Data View
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As a Port3 terminal page, SoGraph.xyz is the result of data aggregation, visually displaying key information such as community trends, project activities, and market trends.
For individuals, SoGraph.xyz is an entrance to associate Web2 and Web3 identities, participate in various activities, and view Web3 development trends , the integration of on-chain and off-chain simplifies the process of individual participation in project activities, frees you from tedious page jumps, and easily completes tasks such as airdrops and whitelists;
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The Dashboard version of SoGraph provides more data insights for project parties and communities. ML-based analysis algorithms can analyze various data indicators, such as community user composition and market sentiment. Data Kanban can better help project parties understand their own communities, and can keenly capture user trends and needs, and correctly motivate users.
Port3 protocol: data Application
The Port3 protocol is the basis for Port3 to build an open and collaborative data network, and it is also the core to achieve data service matching.
First, after the data is aggregated and the privacy protection processing is completed, the data results are uploaded to the Port3 data trading market; when someone wants to read from Port3 When fetching data content, the reader needs to pay Oracle Token to the platform; when the data is used, the data provider can get Token rewards.
During the entire process, the data provider has full control over its data and is subject to strict privacy protection, and has obtained Data usage benefits and platform governance rights; at the same time, the Port3 protocol eliminates centralized data intermediaries, and third-party data users also obtain valid data at a lower cost and in a more accurate manner.
RoadMap and core competitiveness of Port3 Network
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On July 28, Port3 has released the SoQuest solution and provided API support. In the coming September, Port3 will build the BNB Chain Action Parser to achieve larger-scale on-chain data aggregation.
In the fourth quarter of 2022, the team will officially launch the Social Data Oracle v1 version to share data through the oracle contract and release the SDK For the convenience of partners, it is expected that in the fourth quarter, Port3 partners will increase to 200+.
Port3 will expand the on-chain Parser to Ethereum and other EVM compatible chains in the first quarter of 2023, and issue Soulbound NFT Mark users; by the second quarter, the team will upgrade the data analysis dashboard to display more data analysis results; in the third quarter, Port3 Network will explore more data application scenarios such as transactions, IDO, DAO management, and social platforms.
The Web3 world is changing rapidly and new narratives are emerging. However, everything remains the same, and data rights confirmation, data analysis, data services, and data revenue exploration around identities on the decentralized chain are still key exploration directions across cycles.
Whether it is Gleam in the Web2 world or the Quest platform in the Web3 world, there are many products similar to SoQuest in the market, so Port3 What advantages do you have in the face of fierce competition?
Compared with Gleam, the task system giant in the Web2 world, first of all, Port3 realizes the seamless connection between Web2 and Web3; Secondly, Port3 truly returns the ownership of data to users, allowing users not only to enjoy privacy protection, but also to obtain benefits.
Compared with many Quest platforms in the Web3 world, Port3 only regards Quest as the most active scene at present, as Social The initial fuel for the Data Oracle. In addition, Port3 has a user base of millions of DAO Tools that other projects do not have, which also means a wider range of data sources.
< p>Based on these continuous data, Port3 is able to explore the realization of social gateway and SBT, and is committed to realizing safe and efficient social data aggregation in a true sense, and promoting the acceleration of Web2 users and data into Web3. Whether Port3 can really become a social data gateway in the Web3 world, I believe time is the best way to prove it.
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