By Sukanya Ganesh — Jul 10, 2023

🗺️ Maps for Web3

Navigate - a community-owned map application

Today's Highlights

Navigate - a constantly evolving map

Blockchain events - upcoming events in the blockchain/web3 world.

In Other News - a few interesting developments we're tracking.

Navigate - a constantly evolving map

Navigate is a blockchain-based platform democratizing high-value, tokenized information, known as next generation data (NGD) — data that is rich with insights but currently underutilized. Built on the Polygon network, Navigate aims to be the ultimate destination for contributing, sourcing and monetizing data. The platform will be a launchpad for future innovation, where anyone can find and license the data needed to build a new class of applications.

Everyday, each of us generates immense amounts of data about ourselves and our surroundings, and up until now it hasn't been monetized. Navigate effectively answers the long-standing question of how digital data can be contributed in a meaningful way. The Navigate platform offers a method of selling the data that is generated to those building the applications of tomorrow, all while rewarding contributors and preserving the privacy and sovereignty of data provided by those users. The Navigate platform encompasses two distinct layers: the Navigate Marketplace and Navigate Dapps. The Navigate Marketplace will consist of vaults for crowdsourcing large, high-quality data sets and a peer-to-peer exchange for users to mint and trade next generation data. Navigate Dapps will provide developers with APIs to build decentralized applications and power these products by leveraging the data assets listed on the marketplace.

Navigate will build the platform’s first application, Navigate Maps, a high-resolution, low-altitude map. Addressing the gaps in today’s traditional satellite-based map offerings, Navigate Maps will be a high-quality, community-owned map application that is constantly updated using data uploaded by users. The application will provide immediate value to end users, while also demonstrating to developers and organizations the potential of building apps on the Navigate platform, leveraging data uploaded by the Navigate community. The platform’s native token, NVG8, will be fully ERC-20 compatible and allows for participation in the Navigate ecosystem. This token will be used to incentivize participation in the platform, including contributing data and building dapps.

Navigate was founded by Rumi Morales, Amir Husain, Ali Husain, Amanda Center and Moeez Hassan Qadri. They have raised a total of $7.6M in funding.