The popularity of IPFS and Filecoin networks has brought a lot of attention to Protocol Labs, the main creative team behind them. Outstanding ecological R&D capabilities and layout investment performance are making Protocol Labs one of the most successful and influential institutions in the encryption field.
Protocol Labs is an innovative organization that focuses on the research, development and deployment of IPFS and other network protocols. Founded in 2014 by Juan Benet (Juan Benat) from Stanford University, it currently releases many popular projects such as IPFS, Filecoin, Libp2p, IPLD, and Multiformats.
Protocol Labs is committed to the construction of open source, transparency, verifiability, and security of Web 3.0 values, and has also made a lot of investment layout. Today, author will conduct an evaluation and analysis of the projects that the agreement laboratory has participated in, and evaluate which projects may receive their key investment attention.
Analysis of the projects that Protocol Labs has participated in:
1. Secured Finance
Secured Finance is a decentralized lending platform based on the Filecoin ecosystem. It is committed to establishing a new decentralized banking service system through blockchain technology and creating a safe and reliable financial platform. Secured Finance received an investment from Protocol Labs in the just seed round of financing.
Secured Finance highlights advantages
a. Based on smart contract matching chain lending orders, there is no centralization risk, and it is one of the safest and most convenient choices for Filecoin ecology;
b. It can provide a series of financial products such as digital asset lending, cross-currency swaps, interest rate swaps, etc., and the value space is highly expandable;
c. Using the order book model, there is no restriction on transaction scale and impermanent loss, providing security services for ordinary and institutional users;
d. The self-developed Dione oracle network solves the interoperability between multiple blockchain networks.
From the analysis of the official website and existing media-related information, Secured Finance can be favored by Protocol Labs, and three points of value are particularly prominent. First of all, as a decentralized lending platform with broad application prospects, Secured Finance is built on the Filecoin ecosystem, which is extremely important for improving the Filecoin network user experience and promoting the sustainable development of the ecosystem; Second, Secured Finance is a technology-driven project with team members Both have rich experience in the traditional financial industry and excellent blockchain engineers. They have performed prominently in Protocol Labs and many related events hosted by Ethereum, and are deeply trusted and liked by Protocol Labs; Third, the lending market itself is rich With huge value potential, decentralized banking financial agreements simplify the transaction system through smart contracts, which can meet the needs of a wider range of users for safe and convenient lending.
2. Curio
Curio is a digital artwork service platform for the arts and entertainment fields. Currently Curio supports the creation of ERC-721 NFT based on Ethereum. Most of Curio’s partners are leading companies in the entertainment industry that have long been well-known. Through cooperation, they create reliable and unique digital identities for animation, video, music and other works.
Curio highlights advantages:
a.Curio is simplifying the process of owning, selling, trading and sharing collections. Provide customized digital services to users and IP fans in the form of digital NFT. They are at the center of this round of NFT fever;
b. The Curio team is composed of senior practitioners in the fields of entertainment, technology and blockchain. They will use technology to create a new world in the digital expression of entertainment and storytelling. Since March this year, the Curio platform has established cooperative relationships with British TV, Christie’s Auction House, and “Heavy Metal” magazine.
c.Curio advocates connecting content, commerce and community to attract more young and digital fans from all over the world, and promote the sales growth of new incremental products.
As far as the story line is concerned, Curio is one of the potential projects from the Filecoin Frontier acceleration camp. In the full explosion of the NFT market this year, Curio has been fully fired and has become one of the most watched NFT platforms. The reason for Protocol Labs to add to Curio is also very clear. Currently Curio supports the use of Filecoin and Polygon to enhance the platform’s functionality in creating NFTs, which will strive for a greater voice for Filecoin in the increasingly popular NFT market and attract more users to participate in the use cases of the Filecoin network.
Curio’s professional team is another reason why Protocol Labs highly like them, which can be seen in the above-mentioned advantages. In addition, compared to other mainstream NFT platforms represented by Opensea, Curio’s community activity is surprisingly strong, and a more in-depth online community will quickly drain the Filecoin network.
Filecoin ecological projects are more popular, and these potential projects deserve attention
In summary, Protocol Labs’ investment layout needs are undoubtedly more focused on the impact of the project on the Filecoin ecosystem than quickly obtaining economic returns. This is a focus of Protocol Labs’ attention. The second key indicator is the professional ability of the project team in its own field, which in itself is a trust in professionalism. The third key indicator is the core competence required for ecological development, which will have a huge impact on the future development of the project, that is, determine the upper limit of the future development of the project.
We will focus our attention on the Filecoin ecosystem, and through communication with several friends in the industry, we will find that SINSO and OwnerShip have such characteristics and are expected to become the next investment focus of the Filecoin ecosystem. Let’s introduce and analyze one by one:
1. SINSO-medical image data aggregator for telemedicine and AI diagnosis
The SINSO team was established in October 2020. As the leading medical imaging SaaS cloud service provider, the core members have served more than 500 medical institutions and more than 80,000 medical imaging doctors. SINSO proposed to build the SINSO DAC ecology based on WEB3 technology, and jointly promote the human society to enter the era of decentralized medical care.
As a medical image data aggregator for telemedicine and AI diagnosis, SINSO provides high-quality remote diagnosis and treatment services and then solves the problem of patient data confirmation. Through the NFT issuance template customized for medical data, it encourages users to actively participate in data confirmation. , Strengthen the flow of medical data.
Analyzing the overall situation of the project, SINSO is expected to be favored by the protocol laboratory. There are four key points worthy of attention. First of all, SINSO is a technology-driven professional medical project. The team has senior medical IT and blockchain industry experience. Second, SINSO is the only medical project in the Filecoin ecological network. Massive medical data itself has a huge time for network storage space. The demand for volume and space has a huge momentum to promote the expansion and development of the Filecoin network; third, SINSO supports the issuance and transaction of medical data NFTs, which can realize the value transfer of medical data. Medical data NFTs have extremely high application space and value scenarios. ; Fourth, SINSO has compliant Internet hospital license cooperation resources, as well as a strong global medical resource integration execution capability. At present, the aid project between SINSO and Malawi Medicine has been gradually implemented, and the progress is gratifying.
In addition, based on SINSO’s professional field capabilities, technology research and development capabilities, application scenarios, landing progress and market reviews, SINSO has the potential to be a dark horse and even a track leader, and it is generally considered to be one of the most anticipated projects in the second half of 2021.
2. Ownership-make the data trading market more transparent and safe
With the rapid development of the Internet today, due to factors such as information asymmetry and non-disclosure, data owners are losing control of their data. Ownership hopes to rebuild the efficient service matching model of Web2.0 in the privacy-protected Web3.0 world, and make the data transaction market more transparent, open and private by constructing an intermediate protocol layer and browser plug-ins.
Ownership aims to make the chain of data flow transparent, thereby designing a data service specification that can be traced back to calculate and can be hierarchically aggregated. The owner of the data asset can declare the permitted list of trusted operations in the data service terms, and the aggregator can define a trusted distributed computing workflow on multiple data assets in different domains to form a data consortium. Data buyers can directly purchase aggregated data to confirm the source and accuracy of each data.
Whether in the Filecoin ecosystem or in the online world, data privacy is undoubtedly the focus of everyone’s attention. It can be seen from the analysis that Ownership has three extremely prominent value points, which are expected to become the key to whether Protocol Labs can increase the number. First of all, the founding team of Ownership represented by Qibing Lee has a deep understanding of the relationship between data, intelligence and privacy, and is the winner of the 2020 Wanxiang Blockchain Hackathon. They hope to truly connect in the virtual space. You-me-things-service, investing in a talented early technical team is undoubtedly a very wise choice.
Second, Ownership, as a decentralized data collaboration middle layer, ensures that the entire process of data flow is transparent, open and traceable. Data privacy and security will be a powerful supplement to the Filecoin ecosystem. The third is that Ownership is expected to launch an Alpha service version in the second half of the year, a browser plug-in for blockchain users that can provide information aggregation and matching services. It can be confirmed that Ownership will usher in its own financing period next.
Conclusion:
The above is the author’s analysis of the key projects that Protocol Labs currently participates in, as well as the evaluation of the investment direction of the subsequent ecological development with a high probability. Rather than focusing on direct return on investment, Protocol Labs pays more attention to the overall ecological layout planning. We believe that on the basis of the self-advantages of these high-quality projects, coupled with the ecological empowerment of the Filecoin network, we can explore a better ecological co-construction and value win-win way.
