InvArch / RESULTS OF THE OUTCOMING YEAR
By: Inna Pavlova
Tags: Web3, Polkadot, Parachain, Ideas, Invarch

Hello friends, I continue to introduce you to InvArch. And today I want to tell you about the highlights of the development of the project, which were covered at the last InvArch AMA held on Discord at DeltaHub Capital on December 29, 2021, at 02:00 AM MSC.

And I want to start by saying that InvArch is a protocol that allows people to tokenize their intellectual property by creating intellectual property files, which in turn can be aggregated into collections, sets of intellectual property. And these sets can have interchangeable and programmable intellectual property tokens attached to them, with no specific use cases defined, opening up a host of possibilities for application developers.

And the intellectual property sets can be collections of different audio files, such as .WAV files, MP4 files, XML files, code libraries, picture galleries, smart contracts, or entire applications.

As for the programmable utility intellectual property tokens tied to intellectual property sets, they confirm ownership of the sets, facilitate access to the linked intellectual property files in the sets, allow claims of royalty payments on the intellectual property set, are used as a voting weight and much more. That is, the creators of intellectual property sets will be able to determine the utility and use case of the intellectual property tokens. The number of intellectual property tokens for each set will be determined by its creator, and it can be subsequently changed by the holders of the intellectual property tokens through voting.

In addition, InvArch introduces IP Pallet modules to integrate with other Parachains, allowing Parachains to tokenize and manage intellectual property and create next-generation decentralized intellectual property applications, but more importantly, it will establish a cross-chain authentication mechanism.

Furthermore, whenever intellectual property files are minted in the Polkadot ecosystem, a record of those files will be sent via Polkadot Relay to InvArch, where they will be indexed and matched against other intellectual property files. This is possible thanks to Polkadot Cross-Consensus Message, designed to transmit ideas sent between chains, smart contracts, and across bridges. And if no matches are found as a result of these comparisons, that intellectual property will be given a checked status; if matches are found, it will be given a flagged status.

There was also a topic at the AMA related to the $VARCH token, which is needed not only to process network charges, but also to create intellectual property files throughout the Polkadot ecosystem, as well as for stacking.

InvArch plans to mint its token through Statemint, Parachain on Polkadot Relay, making $VARCH compatible with the entire Polkadot ecosystem. The maximum volume of tokens will be 1 billion $VARCH.

And it’s important to understand here that no member of the InvArch team will own more than 1% of the total $VARCH token volume, the same restriction applies to early investors in InvArch.

So the community is paramount to InvArch, both in terms of the distribution of $VARCH tokens and in terms of governance.

And I do believe that InvArch has great potential to become a very powerful and influential protocol, setting the web3 standard for intellectual property tokenization.

ОФИЦИАЛЬНЫЕ РЕСУРСЫ:

Website: https://invarch.io/

Telegram: https://t.me/InvArch

Twitter: https://twitter.com/InvArchNetwork

Medium: https://invarch.medium.com/

Linkedin: https://www.linkedin.com/company/invarch/

Discord: https://discord.com/invite/VjtyvR32Br

АВТОРСТВО:

My Discord: Inna#1462

My Telegram username: @Inna439