DEIP is an IT company that develops Web3 protocol, tools, applications, and other services for the creator-economy. The creative industry will be the key driver of world economic growth because it produces knowledge-based resources. DEIP is on a mission to facilitate the global market shift from a “value capture” economy to a “value creation” by creating a new set of rules which democratize access to resources for creators and unlock the full potential of creators around the world.
Creators can use Web3
Founded in 2018 by Alex Shkor, Alexey Kulik, and Yahor Tsaryk, the DEIP’s leading goal is to provide an environment for helping creators and innovators from various popular fields to monetize their work and collaborate with others.
DEIP creates an environment that allows creators to get a fair share of their work. Through the DEIP protocol, it facilitates the transition to Web3; moving the storage and control of digital content away from publishers to decentralized platforms. DEIP connects creators with economic actors worldwide, creating a platform that allows all participants to find the tools they need to start businesses, manage their ownership and determine their monetization strategies.
In order to increase its operational power, applicability and visibility to the worldwide creators’ communities, DEIP recently established interchain interoperability by cooperating with NEAR Protocol and Octopus Network. DEIP’s mainnet will be launched on April 12, 2022 by DEIPAs an appchain in Octopus Network’s NEAR Protocol.
Fractionalization
DEIP allows creators to tokenize any intellectual property and then split the NFT into FNFTs. This fractionalization process increases the liquidity of an asset, which is then issued an NFT token through DEIP Protocol.
Tokenizing intellectual works as fractional NFTs allows creators the ability to sell entire works in proportionate shares. This makes it more accessible to wider audiences. NFTs can be split into specified fractional tokens, and then made available on the marketplace for trading or selling. NFTs may be broken into infinite fractions to allow for large numbers of individuals to own the asset. This allows an asset’s underlying digital component to be managed by interested users.
Moreover, DEIP’s interoperability feature allows creators to take an asset out of the DEIP environment and move it to other protocols and markets within Octopus and NEAR ecosystems. Different chains will be able to use NFTs on other platforms, and their true value, through interoperability. Each case can be used in conjunction with other uses, increasing product liquidity and asset value. This will bring added benefits to content creators.
Before then, any creator wanting to participate in the NFT community had to select an independent ecosystem that could create NFTs and promote them. The target group of consumers the creator could reach was narrow and limited according to the platform’s popularity and public visibility.
DEIP: Who is behind it?
Venture Capitalists have funded DEIP since 2018, with investments of $4,300,000. The investment total is approximately $40M.
DEIP’s VC investors backing the project:
Business angels also support the project:
DEIP is one of its most important advisors:
Even though the project was active from 2018, it has not been fully operational since 2018. First public fundraise to raise capital will be held soon. The deposit period begins on Apr 15, 2022. Skyward Finance. As a bonus, all participants receive an Octopus Airdrop.