Kravchenko Anzhelika

InvArch is an intuitive and cutting-edge blockchain protocol that bridges the gap between ideas and creation; connecting a world of thinkers, creators, and finance under one ecosystem, allowing innovation to flourish. This is achieved through the tokenization of ideas, fractionalizing their ownership, and providing a secure and transparent ecosystem where users can connect, collaborate, and form partnerships.

Protocol, Implementation, and Network. The network is constructed using the Substrate framework. The node is made of FRAME Pallets that serve as building blocks for the protocol’s runtime, implementation, and networking structure.

InvArch is a network for intellectual property tokenization and decentralized development. Unlike past blockchains that have focused primarily on investment finance services and the tokenization of physical asset classes, InvArch provides security and utility for abstract datasets.

Briefly stated, InvArch may be compared to a hybrid between a professional networking platform and a variation of an intellectual property authenticator — rather than individuals leveraging skills and employers offering a salary in a job application, users can leverage skills and offer equity in a venture opportunity.

Philosophy. By connecting great ideas with skills and resources from around the globe, InvArch provides the foundation for new decentralized marketplaces and businesses to emerge, extending access and opportunity through a variety of startups, apps, and services. InvArch allows all actors and resources of the product/business development process to connect, grow, and operate on one blockchain.

Innovation shouldn’t be limited to instances where skills, ingenuity, and capital are all present. Access shouldn’t be discriminatory, great ideas don’t originate based on prejudice.

Vision. While it is broadly anticipated that the blockchain will evolve far beyond its initial inception, it is expected to transform the landscape of the startup ecosystem. Great ideas will arise in abundance, and new opportunities will emerge in tandem. Revolutionary innovations will not be able to be shut out or censored, and the world will have a foundation for combating its problems.

Novelty. InvArch approaches ideas (intellectual property) as a set of non-fungible components. Intellectual Property Sets (IP Sets) represent the idea. Intellectual Property Tokens (IP Tokens) represent the non-fungible components of an idea. Lastly, Intellectual Property Ownership (IP Ownership) tokens are ways of representing fractional (i.e. percentage-based) ownership over an idea.

Intellectual Property Files (IP Files, IPFs) - Non-fungible tokens (NFTs) are used to represent an immutable record & proof of ownership of unique items such as digital art, real estate, and physical goods 16. InvArch builds on this technology in several key ways using new & enhanced NFTs called Intellectual Property Files, also known as IP Files or IPFs. IP Files are non-fungible assets used to certify the existence & authenticity (compared to ownership) of a digital file, protect the uniqueness of an asset, and streamline its management rights. IP File metadata includes unique & automatically assigned on-chain IDs, interchangeable Set IDs, optional classification tags, a copyright license agreement, links to a hosted file, and a cross-chain authentication (XCA) status.

InvArch and Polkadot. The InvArch blockchain and platform will be built utilizing the Substrate development framework, and the underlying Rust programming language. The intention behind these decisions is to have the InvArch blockchain be deployed to the Polkadot network’s multi-chain ecosystem and parachain relay.

Parachains. A parachain is an application-specific data structure that is globally coherent and validatable by the validators of the Relay Chain. Most commonly a parachain will take the form of a blockchain, but there is no specific need for them to be actual blockchains.The InvArch blockchain will be seeking this development path to utilize the benefits of shared security, fast transaction speeds, and interoperability.

Intellectual property Sets. In context, an IP Set is viewed as an idea, which consists of one or more components (IP Tokens) that help to strengthen and describe that idea.

The InvArch whitepaper also goes on to introduce not just one single method for IP Staking, but three individual mechanisms for funding & incentivizing innovation on-chain. InvArch will feature 1) IP Bootstrapping, which allows for staked IP Sets to receive a portion of network fees. These allocations are democratically decided by the community via staking their $VARCH token. 2) IP Farming is a way for users to redirect some or all of their staking rewards towards an IP Set in exchange for a proportionate yield of its IP Tokens. Minimum thresholds & timelines are able to be set in order to better protect the community from any scams or unpopular projects. 3) IP Donations are a potentially revolutionary way for funding innovation. Users can choose an IP Set to support, donate their staking rewards to the InvArch Foundation (treasury), and then those funds can be gifted to an IP Set owner(s) as a grant from the InvArch Foundation.

Community The InvArch Discord saw a surge in growth this past week, climbing from around 10,000 members to over 16,000 members in just a few days! This followed the news of the InvArch NFT banner airdrop, featuring 4 exclusive NFT profile banners for RMRK's Singular platform. Everything is set and ready to go with the NFT banners set to drop any day. The mass mint event is being conducted in coordination with the RMRK team. Earlier today, the InvArch Ambassador Sync took place, covering everything from the recent tech updates, program restructuring, future plans for the program, and the InvArch TGE. If you missed out on the monthly sync, a video recording of the call will be shared in the InvArch Discord shortly.

Polkadot, Parachains, & the Paraverse - Fast forward several years past the launch of Ethereum, and the blockchain landscape consists of more than several different layer-1 protocols. Unlike layer-1 chains & their own respective layer-2 chains, there is no native functionality in place that streamlines the seamless communication between layer-1 chains & allows their data to be interoperable between each other. The solution to this, as proposed by Ethereum Co-founder, Dr. Gavin Wood, is a heterogeneous multi-chain system of interoperable & yet unique protocols. The identifiably differing use-cases featured throughout this system would not just be interoperable with each other through a unifying relay chain, named Polkadot, but would also help the network scale in speed in tandem with exponentially strengthening its security 3. These interoperable chains, called Parachains, are designed using a blockchain development framework known as Substrate. Substrate is the foundation of the Polkadot relay & its ecosystem; which allows developers to quickly build and launch a blockchain with a variety of feature options available for a wide range of project needs 4. Nominated Proof of Stake (NPoS) is the process of selecting validators to be allowed to participate in the consensus protocol 5. NPoS is a variation of Proof-of-Stake and used in Substrate-based Blockchains such as Polkadot, Kusama, & inevitably, InvArch.