Augmenta on Nostr: Quadrupling the size of the #NFT market with Open Source developers How? Let me tell ...
Quadrupling the size of the #NFT market with Open Source developers
How?
Let me tell you
We make Open Source more sustainable by tokenizing code and making developers NFT owners...
Why should we do that?
Because 95% of all open source projects fail in the first year.
This is an utter waste of human lifetime and work.
#OpenSource foundations only support big players - they do not help this problem and celebrate themselves.
95% of all open source code used in enterprises is therefore outdated, what leads to billions of maintenance costs and security leaks.
What is the impact:
This approach is superior to classical Open Source, because it finally allows transparent means to license code commercially and to distribute royalties from it directly to the owners of the code.
In addition it is totally #decentralized what enables new kind of software development organizations
Furthermore, we believe that it creates new funding possibilities for #opensource projects. For example developers could easily swap their #royalty rights for #funding or even sell them.
Thinking big:
This approach can create a complete new marketplace for software and open development.
These marketplaces can be based on NFT technology and we all know how hard NFTs already hit the market.
The potential of so many new users of blockchain NFT tech (imagine the amount of open source developers on github) is immense for the blockchain ecosystem
How it works simplified:
- Commits or versions are represented by a non fungible token (proof of ownership NFTs)
- Commercial usage licenses are issued via smart contracts for the non fungible tokens
- Smart contracts distribute the license funds to the NFT holders
Rome was not built in a day and a first version version is online on blockchain and in github. (Explainer page: http://license-token.com).
Would be glad if you could reshare
How?
Let me tell you
We make Open Source more sustainable by tokenizing code and making developers NFT owners...
Why should we do that?
Because 95% of all open source projects fail in the first year.
This is an utter waste of human lifetime and work.
#OpenSource foundations only support big players - they do not help this problem and celebrate themselves.
95% of all open source code used in enterprises is therefore outdated, what leads to billions of maintenance costs and security leaks.
What is the impact:
This approach is superior to classical Open Source, because it finally allows transparent means to license code commercially and to distribute royalties from it directly to the owners of the code.
In addition it is totally #decentralized what enables new kind of software development organizations
Furthermore, we believe that it creates new funding possibilities for #opensource projects. For example developers could easily swap their #royalty rights for #funding or even sell them.
Thinking big:
This approach can create a complete new marketplace for software and open development.
These marketplaces can be based on NFT technology and we all know how hard NFTs already hit the market.
The potential of so many new users of blockchain NFT tech (imagine the amount of open source developers on github) is immense for the blockchain ecosystem
How it works simplified:
- Commits or versions are represented by a non fungible token (proof of ownership NFTs)
- Commercial usage licenses are issued via smart contracts for the non fungible tokens
- Smart contracts distribute the license funds to the NFT holders
Rome was not built in a day and a first version version is online on blockchain and in github. (Explainer page: http://license-token.com).
Would be glad if you could reshare