As a seasoned crypto investor, I’m always on the lookout for promising new developments in the Web3 space. With RAIR Technologies introducing the RAIRprotocol, I’m optimistic that we’re moving one step closer to democratizing this technology and making it more accessible to developers and organizations.
RAIR Technologies, a leading Web3 company that helps businesses easily create assets with strong digital rights management (DRM), effective royalty tracking, and smooth marketplace transactions, has unveiled the RAIRprotocol. This open-source decentralized application (dApp) is specifically engineered to support scalable dApps, marking a significant milestone in making Web3 technology more accessible and fostering transparency within the community.
Overcoming Web3 Challenges
Ed Prado, the CEO of RAIR Technologies, highlighted that one issue impeding the expansion of Web3 is the tendency of each new Web3 business to mimic the centralized structure of a Web2 industry leader like Google. Instead, Prado advocates for Web3 innovators to remain committed to the fundamental tenets of Web3: decentralization, transparency, and community engagement. RAIRprotocol aims to create a more accessible, transparent, and secure Web3 environment as expressed by its CEO.
As an analyst, I would express it this way: “Large enterprises can significantly reduce risks and seize strategic advantages by directly connecting their systems to our code.”
In an exclusive comment from Ed Prado to Coinspeaker, he noted:
New developers entering the Web3 world can significantly reduce the time and cost required to create functional decentralized applications (dApps) by starting with an open-source, fully operational dApp as a foundation. This approach allows developers to build upon an existing framework, rather than starting from scratch, thereby accelerating their progress in the development of production-grade dApps.
Garrett Minks, the CTO of RAIR Technologies, stressed the significance of making Web3 technology open source. According to him, “The present monetization approach of Web3 has hindered its advancement. By opening up Web3 technology for all, we not only increase transparency but also fuel innovation.”
As an analyst, I’ve uncovered some intriguing information about RAIR’s open-source codebase. This codebase signifies the outcome of a four-year-long journey and an investment exceeding $3 million in proprietary development efforts. Developers are granted the freedom to utilize either RAIR Technologies or RAIRprotocol, based on their specific project requirements. In addition, RAIR unveiled six microservices that can be seamlessly integrated into developers’ projects for enhanced flexibility and customization possibilities.
A leading blockchain company provides the following offerings: RAIRsolidity, which enables intricate on-chain NFT (Non-Fungible Token) management via ERC2535’s upgradable diamond multi-proxy contracts; and RAIRnode, a versatile backend element that generates customizable API endpoints and sets up robust off-chain cloud infrastructure. This empowers developers to effortlessly create scalable applications by managing complex backend functionalities efficiently.
Moving forward, we have RAIRfrontend – a solution that empowers developers to build engaging frontend designs tailored to their unique requirements. Additionally, there’s RAIRstream, which facilitates the distribution of digitally protected content (DRM) and maintains the security of digital assets.
In addition, there’s RAIRsync, which enables all smart contracts to synchronize via Alchemy’s syncing engine. This guarantees that smart contracts remain updated on various networks. Lastly comes RAIRinfra, a service encompassing the complete open-source sharing of RAIR’s cloud infrastructure tools like Kubernetes and Terraform workflows. Developers can leverage these resources to effectively manage and scale their cloud infrastructure.
The report disclosed an additional aspect of their new token licensing model, patterned after Apache 2.0. This system necessitates adding a distinct NFT license notification to any files derived from RAIR’s open-source code for adherence to the licensing conditions and increased transparency.
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2024-05-08 12:18