Hey all! Hope your doing well, a quick update as theres a number of progressions happening our side, most insights will be released shortly as part of the weekly technical update @ElastosInfo. If what we are building interests you too, check out https://t.co/WXPqBFuBpm.
One thing i wanted to share was this Elacity chat app being demo'd on for World computer, where its running p2p encrypted from a Personal cloud hardware box, hosted by one of our new DePin engineers in China at home - it has an auto-translate AI-feature enabled, all processed on the hardware for language types and everything is encrypted.
Here is a showcase of us talking inside. We can begin to see how everything is possible to move into edge computing, where millions of devices owned by people globally all interconnect to make the Elastos World Computer, a new internet without corporate clouds.
Its not just about privacy, but also owership and unlocking real capital markets, like when you sell your home to someone else you both exchange and respect ownership, online everything is rented out to corporate landlords, no-one truly owns value but the few.
We are currently embedding decentralised identity and IPFS storage into ElastOS via @HeyPuter extensions. So you login and connect to your personal devices cloud, and run nodes inside like decentralised storage and use apps like chat and elacity market.
In this context, when you buy a video, game or dapp, you could download and own it on your personal cloud, and if your a creator, you can upload to your cloud, process it and broadcast it to the world for others to buy, your identity, finance and rights are all onchain, and data is protected and p2p offchain - you own your digital self completely.
Elacity has also completed its universal system, which means everyone who logs in, will get a smart account. This smart account is a special smart contract wallet working with @ParticleNtwrk which is embedded in Elacity (think CEX like experience but decentralised).
Supporting over 14+ networks, you can deposit USDT, USDC, SOL, ETH and BSC into your smart wallet and buy $ priced digital goods on Elacity, paying the gas price with the same currency. Revenue will be distributed to creators in USDC. eg. a video is $10 and you can deposit SOL from Solana and pay and its all settled in seconds, ready for you to enjoy.
This is very exciting for Elacity, as for the first time, its going to become very accessible, imo 0 to 100, meeting creators needs for earning money they pay bills in and being tapped into the global liquidity pool. Card payments will follow.
I will share more about the architecture of the ElastOS World Computer soon as an article, and how it orchestrates itself similary to Plantir networking logic, but for global collaboration and enterprise. There are some great conversations happening not public yet, don't doubt what we are doing behind the scenes.
For everyone who has followed and be on this journey, i'm excited that some amazing opportunties will arise soon, on the engineering side we see the target, and step by step working our way there, arrogant or ignorant? 😅 Capital injection and go-to-market goal in sight.
Content isn't just media, it's an asset. Elastos is changing the game for creators.
Elastos lets creators:
✅ Sell and resell content (earn forever).
✅ Receive instant payments on every sale.
✅ Fundraise and trade royalties down to 0.1%.
These and much, much more. Find out more about the new Elacity here: https://t.co/nNDYwvQfip
Elacity is here! Changing how creators earn and fans own content forever.
✅Creators: Tokenize your content, control it, and earn on your terms.
✅Fans: Watch exclusive content and own it.
Built on Elastos SmartWeb🚀
🔗 https://t.co/4rqeUHZK2p
1/2 @Elacityofficial Audio Markets now enabled in Testnet - Music, Podcasts, Audiobooks coming (Video already ready). In 2025, let's make digital goods markets, let's deliver @ElastosInfo vision, $ELA. How can you not be bullish? We have great understanding and engineering talent. If interested to get early access, pls let me know.
What's so cool is whilst you can buy and trade content independently, Elacity 'Channels' introduce subscription models allowing you to bundle a library of diverse assets together for time-based access and individual trading, today audio and video, tomorrow likely documents and art, big picture games, AI and software. Channels will also have Governance and Social baked in, so its more than just content, its community.
Tech side - Elacity dDRM is all built by our team from the ground up and is under blockchain governance. This means decentralised identities (you) can encrypt assets, upload onto decentralized storage (IPFS) and licence access through tradable NFTs (eg. 1 or 1billion) with the embedded rights (eg Buy Now or timed-based subscription), defining scarcity and business models for your data. This whole process can be done on our platform.
Buying the Content (NFT) allows you to fetch a licence from the smart contract and decrypt the asset in a runtime player (on your device). It's the worlds first full end-to-end monetization and playback system for Web3 (see 2/2 for architecture).
Also, when you purchase NFTs from the owners smartcontract, controlled by their decentralized wallet, the payment is distributed to all royalty NFT holders of the asset immediately (eg creators, investors, distributors, publishers etc). Royalty holders are defined and sent their tokens when publishing the asset, and all in the same transaction.
Royalties are NFTs too, meaning they are tradable, which opens new inclusive markets should the owners want to open up, and you could even set aside royalties in a dedicated tax wallet efficiency accounting efficiency.
This is the automation system the world increasingly needs, and im hopeful the value for society will be realised over time. The whole licencing agreement process is tokenised, transparent, inclusive, fair, blah blah blah, it opens up a digital economy for digital goods which you own, no gatekeepers.
This is all being wrapped up in account and chain abstraction, headed towards hiding blockchain completely so you log in with eg X, pay with card like the normal internet with easy cash in and out options with all the efficiency. The goal isn't Web3, it's evolving the internet towards the Elastos SmartWeb.
We come from the Elastos ecosystem, we are proud of the Elastos ecosystem, hold an $ELA treasury as our reserve asset, Elastos is punk and its merged-mined with Bitcoin with 50% of its miners security, 28.22mill total and only $1.92 a coin aka $42mill marketcap, easy unicorn, until we do release this tech, follow @ElastosInfo and join our community by getting some $ELA - links here: https://t.co/QnrIRwMMZC
We did a lot of interviews during @TheBitcoinConf for both BeL2 and Elacity, expect to start seeing them rolling out!
Here, I sat down with Rob Nelson to speak about Elacity and how we let you own and monetise your own narrative online the @ElastosInfo SmartWeb.
Watch and share your thoughts! $ELA
@ElastosInfo@chen2rong2@Elacityofficial Soon enough if the crypto/web3 industry doesn’t wake up and start asking the hard questions, we will be exposed as a fraud and a big heeping pile of 💩.
I’m honestly tired. Tired of people not seeing what is right in front of their eyes. Perhaps, giving them the benefit of the doubt, it's not blindness but a lack of initiative to dig deeper, to look beyond the surface at what's truly transformative.
@ElastosInfo@chen2rong2@Elacityofficial The broader crypto/web3 industry, with its incessant focus on speculative gains, often misses the forest for the trees. The truth is that with the SmartWeb that Elastos has built the future is already here! It just hasn’t reached everyone yet.