🗺️ Maps for Web3

Navigate - a community-owned map application

🗺️ Maps for Web3
Photo by Isaac Mehegan / Unsplash

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 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.


Blockchain Events

Rhodes, Greece
July 17-18, 2023
Copenhagen, Denmark
July 19-20, 2023
Paris, France
July 19-20, 2023

In Other News

What is the Lightning Network? Bitcoin’s Scalability Solution.
In brief Because of the way it’s built, Bitcoin suffers from slow transaction speeds and high transaction costs. The Lightning
Bitcoin supply shock will send BTC price to $120K — Standard Chartered
Bitcoin miners will help propel BTC price to $50,000 in 2023, says Standard Chartered.
48% fewer new crypto coders last year - developer report
Jobs data shows that fewer new developers join the cryptocurrency sector during bear markets, while long-term workers continue to commit the bulk of code.

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