Community Labs Founder Identifies Project Ideas In The Arweave Ecosystem
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Author: Adeola @ Contributor of PermaDAO
Reviewer: Xiaosong HU @ Contributor of PermaDAO
Community Labs Founder Identifies Project Ideas In The Arweave Ecosystem
The Co-founder and CEO of Community Labs, Tate Berenbaum has identified provenance in the AI world space and universal data licence as the two main opportunity areas that Arweave developers can explore and create use cases.
Tate said in season two of the STAMP Show by popular developer in the Arweave ecosystem, Tom Rakis that the Arweave ecosystem needs to see more projects that offer provenance services as it relates to artificial intelligence and the universal data licence (UDL).
Provenance is the set of documentation that gives details of the origin of a piece of data including any form of attribution or labeling of the data.
“...And so thinking about how we can use Arweave to back up the data powering you know artificial intelligence and relying on Arweave as a source of truth for provenance use cases? I think there is a whole world out there that is yet to be explored with that stuff,” Tate said.
“You know also continuing to build out use cases of the universal data licence is something that you know, i think we all need to see more of in the ecosystem.”
Berenbaum said Community Labs is directing both capital effort into people that are building projects like that and using innovations that exist with the smart weave.
At the moment, some projects including RSS3 and KYVE in the Arweave ecosystem are already exploring how their projects connect with AI. While RSS3 is using AI in the processing, aggregation and interpretation of information, KYVE is sponsoring a challenge in a hackathon where its services and AI can be used to innovate new products. Bundlr, which is reputed to be the project that is helping to scale Arweave, is for now the only project in the ecosystem exploring provenance. Bundlr’s CEO had said in August 2023 that Bundlr is the only provenance layer that allows users to have huge access to scale data while also attributing origin to the data.
With the growth of Artificial intelligence, especially those championed by OpenAI’s ChatGPT, there will be a need for provenance to help trace and label data.
Although it was newly created, projects in the Arweave ecosystem including BazAR are already integrating the Universal Data Licence. Other protocols adopting the UDL technology through BazAR are Fair Protocol and Alex. The UDL allows creators to have more control over their contents in Web3. Creators define royalties, ownership split, duration of licence, price and currency.
Berenbaum also gave more details about the new initiatives Community Labs’ announced which will see it focusing on bringing end users into Arweave. While will be the first stablecoin to arrive in Arweave, Oases is a tokenized and fractionalised property ownership with applicability in real estate and protocol land is fully decentralised and incentivized source control.
On why they are looking at exploring stablecoin, the founder said it was aimed at solving two challenges with the first being store of value for the smart contract environment; to create a mechanism for people to be wrapping AR tokens into smartweave; for people who hold AR to have more things to do with it. He said that stablecoin makes sense because there are lots of capital in the Arweave ecosystem that reside in the AR.
“But people that are invested in the Arweave ecosystem don’t necessarily have much that they can do with their Arweave tokens besides just hold them and upload data with them,” Berenbaum said noting that the existing the existing use cases of AR are “incredible” but “in other places that bootstrapped economies, there are other things you can do like staking your tokens to generate some type of yield on what you’ve put up.”
Explaining Protocol Land, Berenbaum recalled his early days in the Arweave space building Nest.land which enabled developers to store their codes on Arweave. He said the idea behind Protocol Land is to introduce an incentive mechanism such as the UDL and UCM that can make open source sustainable.
“Creating a place also where decentralised teams can have these code bases and not have to worry about them going offline or disappearing at any point in time,” Berenbaum said adding that the direction Community Labs is taking Protocol Land is one where developers can have their code bases store without having to worry about going offline and disappearing at any time. Also to have community members continue to collaborate and contribute to a code even if the maintainer steps away.
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