Overclout is based on top of the DeSo protocol and uses a custom node that repeats the DeSo consensus but offers much better APIs.
We are looking into a way to introduce incredible entertainment functionality based on NFTs and social playgrounds. We are looking to migrate to a better chain (maybe develop our own) because the DeSo is stuck, and the execution is feeble (we believe we could do much better, and sure, we have expertise in it).
We are a team of 3 and ready to rock the new age, the age of Web3.
To better understand the potential of traction, it's better to read more about web3 itself; we have a prototype and strong vision but no marketing yet.
You can imagine that you are reinventing facebook but with open data and with proof of ownership.
We believe that first, we should AIM at young people because they adapt to new technology faster and have much more understanding of its importance because the creator economy is growing significantly.
Problem or Opportunity
Web 3.0 aims to create a decentralised worldwide web where every individual will be in control of their data.
Big companies, including Facebook, TikTok and Twitter, wouldn't have access to your data without your consent. Instead of using these applications by giving up your data, web 3.0 will encourage users to earn as they use them.
The web 3.0 evolution will impact all aspects of human interaction because it leverages the power of blockchain technology to preserve ledger records that are accessible to everyone. Thus, ensuring they cannot be destroyed or altered by anyone.
Web 3.0 also leverages machine learning and Artificial Intelligence (AI) to instruct algorithms to curate content personalised to each individual.
Web 2.0 bots like Siri, Alexa, Cortana and Google Assistant do this, but they are limited.
Web 2.0 bots cannot read emotions yet through the written word. So, all these: blockchain technology, AI, machine learning, and the Internet of Things (IoT) will work complimentary to foster a better user experience in web 3.0.
Solution (product or service)
We are on the way to return the content to its creators.
Creators can earn without a counter party with easy and without paying any fees to someone thanks to blockchain technology.
The all data on chain and it means a lot to We are on the way to returning the content to its creators.
Creators can earn without a counter-party with ease and without paying any fees to someone, thanks to blockchain technology.
All the data on the chain means a lot to analyze, scan, and do whatever everyone wants.
The future of the building is open source and open data.analyse it, scan it and do whatever everyone wants.
The future of building is open source and open data.
Advantages or differentiators
We have better UI/UX and know how to make it a killer app. Competitors have no experience in social at all and only in the cryptocurrency field. Our team has skills in both and launching social networks from the ground in the past.
Money will be spent on
We want to spend money as follows.
- Introduce an exclusive update that will move the project to the next level by offering a new entertainment scheme based on NFTs and the social activity of the project.
- We are looking into developing/forking and improving our blockchain, but make it much more scalable and better distributed than DeSo.
- As a final step, we plan to run several AB tests to find the best way of spreading everything to the world when executing a marketing plan.
The risk is only about delay in worldwide web adoption.
Incubation/Acceleration programs accomplishment
We received the grant of $40,000 when we had nothing but an idea from the core team of DeSo protocol. DeSo said that we could be venture-backed in the future, but things changed, and their octane program closed, so we have been left alone.
Won the competition and other awards
As the team who built the Overclout, we won many contests before that was offered by the DeSo blockchain (200m funded project) founder – Nader.