{"signature": "0xda62637c22325f1efe0bc6eaf14d0c5258d0d67cc4cb62a2556f08f7a51699e53eafb2abfc1cdd133200729ba2d530846a99b6b35e7fe1009911fac8960b087b1c", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "fWoBzd3jI6d0aOPo/f4X+JQ4t3IIrYynYlgQUex2zy/ghoXWE50kBEwiuy+U1YXN", "encryptedSymmetricKey": "8a000199b1acb9be3c53ca1219ef589d51efdb90cb37ee3e9971abf31fc57715d24389fc5fb927ca7ba9756eed87190d0a053d48787a82618b3bd94f252ecdeb9e3ba6872da14a89ca97ba7a9f4b5d81eebd1cd978dadcb2ba44f351b09f88a21d2f109a62b1b777e315625dc8ba0fcde625784614f01b73be1a821c343195d90000000000000020ed7352fdffa7ff984904835964f3f923ce098f9522e5506027a1c86746ef678a219412da081968ae16153629394cd58c"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "10000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "I recently spent several days at the Hong Kong Web3 Festival. Waking up groggy from fatigue, I gazed at the seascape of Victoria Harbour. A thought struck me about the Summer of Protocols (SoP)—the deadline was only a few hours away. I immediately called my teammate who was abroad, and he readily agreed to proceed with our application.\n\nWhile reviewing other proposals in the forum, we began to ponder:\n\nWhat is the value of SoP in this bizarre world of crypto?\n\nWhich protocols are we truly interested in?\n\nWhat kind of PIG proposals are genuinely valuable?\n\nThen, the phone rang. It was the front desk reminding me to check out. I decided to extend my stay for another night to focus on the submission. However, the price had tripled to $300—a typical weekend rate for an average hotel in Hong Kong. As a student and an entrepreneur, this was a significant expense for me. Since venturing into the world of Web3, I’ve faced many awkward moments: project shutdowns, company acquisitions, layoffs, and attending global conferences on a tight budget.", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "In a bull market, everyone talks about making quick money; no one discusses Real World Assets (RWA) and NFTs, especially since there haven’t been any impressive price surges recently.\n\nAnd certainly, there was no talk of public goods.\n\nI believe the blockchain world needs more focus on humanism, addressing real issues, not just fluctuating coin prices. Of course, making money is essential, and profiting in a bull market is normal, but what remains after the hype dies down is worth contemplating. We can leverage people’s enthusiasm for speculation and hype to focus on things with long-term value.\n\nHousing has always been a headache. So many homes are vacant, yet many people can’t afford to live in them, whether buying or renting. Homes have become more of a financial product than a shelter.", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "RWA was once a hot topic, with everyone excited about mapping real-world assets onto crypto, but it has recently cooled off. Major investment firms are gearing up in the RWA space, but normal people can do little because assets in the real-world are too expensive, whether properties or other valuable investments.\n\nLast year, I was deeply moved by Singapore’s public housing values during my studies at NUS:\n\nMinister of Ministry of National Development was struck by a poem by Du Fu, which he used to describe the mission of public housing - “安得广厦千万间，大庇天下寒士俱欢颜，风雨不动安如山\", meaning: to build thousands of homes to shelter the scholars from the wind and rain, as stable as a mountain. It was in a piece of calligraphy hung in the former headquarters of HDB at Bukit Merah which has since been relocated to HDB Hub at Toa Payoh.\nSingapore’s HDB policy carried out by the Housing & Development Board, helps locals, from the wealthy elites to the common vendors, afford homes. HDB prices are just around a quarter of many condos, and the government offers subsidies and favorable policies, making down payments and mortgages manageable.", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "My teammate is particularly interested in ERC-404, a protocol enthusiast who loves exploring new protocols and analyzing their interoperability and capital efficiency. We met at ShanhaiWoo, a pop-up city inspired by Zuzalu. I often discuss new protocols and market trends with him. He was one of the first to notice ERC-404 earlier this year and has continued to research related new derivatives. However, ERC-404 is not yet officially recognized by Ethereum, although many NFT enthusiasts are excited about it. Current practices include integrating ERC-404 into gaming and other virtual worlds.\n\nERC-404 could potentially integrate the advantages of both FT and NFT, breaking down barriers between them and enhancing ecosystem liquidity.", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "So far, I’ve mentioned these keywords:\n\nThe dilemma of housing\n\nERC-404\n\nRWA\n\nNFT\n\nLet’s see what we can cook up with these points.", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "Could we use ERC-404 as a protocol to address the imbalances: Excess housing Vs. Poor rental market? Turning houses into ERC-404 rentable assets. By using RWA, we could unlock liquidity from financially-oriented vacant homes, turning them into ERC-404 NFTs onchain, for example, one 3-bedroom apartment could be fragmented into 3 rentable room NFTs, either bought by 2 regular tenants and 1 public goods applicant. This involves both general rental and welfare housing, helping those who can’t afford rent, like young people new to big cities, global digital nomads, and low-income groups, by providing rental subsidies and reductions.\n\nOK, that’s the background. Let’s begin.", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "Our topic is: Is ERC-404 not aligned? Possibility of Unlocking Liquidity for RWAs and Housing the Commons.\n\nI will delve into the following outlines:\n\nSummary:\n\nA public good housing protocol featuring ERC-404 & RWA, unlocking the liquidity for Commons.\n\nWhat is the existing target protocol you are hoping to improve or enhance?\n\nThree target protocols combined together\nNew protocol: ERC-404\n\nSoft protocol: RWA\n\nlong-lasting protocol: Renting & Housing", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "What is the core idea or insight about potential improvement you want to pursue?  By combining and upgrading two new protocols, we aim to solve a longstanding issue in a traditional protocol—using the integration of ERC-404 and RWA to address the supply and demand contradictions in the real-estate market, unlocking the liquidity of vacant housing. This approach will help ordinary tenants, landlords, and disadvantaged groups gain access to the resources or benefits they need.", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "What is your discovery methodology for investigating the current state of the target protocol?\n\nUser Interviews, expert interviews, historical data analysis, failure event analysis:\n\nUsing on-chain data analysis and research tools, like Dune, to investigate the challenges facing NFTs.\n\nResearching different RWA markets, such as Franklin versus Blackrock, to identify the issues within the fragmented behemoths of RWA.\n\nInvestigating and surveying the renting market to further uncover the truth and understand the contradiction between high vacancy rates and unmet rental demands.", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "$1000", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": " Not yet", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0x900ab10a0f0622348869d499eda67f22c9e77b05b72ac3d3ee4faa1bd46c9988", "title": "Team GenZ", "logoImg": "bafkreifl5dnly3bamzthq3mhgnmt74gunj6se6tweoikif63thtyb2ifwi", "metaPtr": {"pointer": "bafkreidrfssrq54rxq2bml4v22pipegoopv7wd2tm5qqk7za6wih4gejc4", "protocol": "undefined"}, "website": "https://alienswap.xyz/mint/alienx-hal/0x65aC00fCa340761dF85c38d2B92d991348ef8ABA", "bannerImg": "bafkreihx42gixyitofmj3jceuujohf5ul7fjwdpgmdorfj6osjtuwax7oq", "createdAt": 1720070654612, "userGithub": "myronvinz1", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..EPatB1G6XcgwCRp0Z3WVEdR17Ix3m6ntA65SCn8Me1SVAmbVsQxfCTVPxETnRCNAr6DSQhTQbRumq1EwHOktBQ", "type": "Ed25519Signature2018", "created": "2024-07-04T05:16:32.721Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-07-04T05:16:32.721Z", "expirationDate": "2024-10-02T05:16:32.721Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xc7266139f182b31DBD81D922B050bF9315eE5dbc", "hash": "v0.0.0:QNkq912/Er7JSFa0L5fhT/PeoT+i13VbFST1gprPn2o=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Tiesto_26"}}}, "description": "Hey, $GEN-Z ⚡️\n\neveryone who owns this NFT will also get a surprise prize that will be distributed directly to everyone who mints this nft, we are making this nft in limited supply to welcome everyone who joins early!", "lastUpdated": 0, "projectGithub": "", "projectTwitter": "Tiesto_26"}, "recipient": "0xc7266139f182b31DBD81D922B050bF9315eE5dbc"}}