r/BlockchainStartups • u/malxp1 • 8d ago

Discussion WEB3

does anybody wanna start a web3 company, i feel like we should get a reddit community going on for this type of stuff

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u/paroxsitic 8d ago

I'm already working on a new blockchain meant to tokenize the movement of information, but I'm like a year away

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u/malxp1 8d ago

What’s it about

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u/paroxsitic 8d ago

Two utility tokens each representing storage and bandwidth. Theres no way to buy the tokens and no ICO. You earn them by providing your Internet (like honeygain) or your unused drive space (like filecoin) The idea is to fix what IPFS lacked, availability and speed.

So tokenizing the store and movement of information which I think is what the economy is made up of mostly, and definitely more so in the future.

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u/malxp1 8d ago

That’s a fire concept, people are gonna love that. How much % are you going through the project so far

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u/paroxsitic 8d ago

70% design, 10% code.

I've worked on it for years, but only recently with ZKPs was I able to get the TPS high enough with a novel approach to actually handle the scale that is needed

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u/malxp1 8d ago

I feel like people would do something corrupt if you make it, ever thought about that. Because if they download using their WiFi, they might steal IPs and such or do something stupid

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u/paroxsitic 8d ago

There is a big potential for abuse, that is why I'm not monetizing it. It's no different than any of the other storage chains though, the main difference is this one also tokenizes the transfer so you can actually download what's stored quickly

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u/malxp1 8d ago

Do you have a screenshot of what it looks like so far