debbly
commented
1 year ago Hi @cshowley, interested in learning more about your project! At this time we are not supporting the full product developments and we are focusing on supporting Lit integrations. We'd be happy to help you all find additional funding to support your project as our partnership grows :).
The most relevant portion for Lit to support is the Distributed file storage: 4,000 step.
Could you elaborate more on how you plan to open source your project?
cshowley
Open Grant Proposal:
Project TitleName of Project: BackedBy
Proposal Category: Choose one of
app-dev,integration-adoption,technical-design,docs,researchLearn what these categories are here: {https://github.com/LIT-Protocol/LitGrants/tree/main/open-grants}"app-devProposer: cshowley
Do you agree to open source all work you do on behalf of this grant and dual-license under MIT, APACHE2, or GPL licenses?: Please respond with either "Yes" or "No" Yes
Project Description
BackedBy is a distributed payment processor for creators (demo live at https://backed.by/). It provides creators an easy way to bring their business and audience to web3. Current content platforms charge exorbitant fees which eat into creators' gross revenue, and both the platform and creators rely on the existing financial infrastructure for payment processing. Creators also have no recourse for inappropriate demonetization or banning, as they do not truly own their connection with their audience.
BackedBy uses the power of web3 to give creators a way to post content and directly collect payment from their audience through the sale of membership subscriptions. The BackedBy platform itself is monetized through a 1% fee on all transactions on the platform.
Value
BackedBy’s long term goal is to give creators complete control over distribution to their supports by managing payouts and messaging through decentralized file storage that isn’t subject to asymmetric enforcement of perceived TOS violations. Creators’ content is stored on IPFS using Filecoin’s web3.storage service, and premium content secured by Lit protocol for decentralized access control; only subscribers to a creator’s paid tiers grants access to that content. If this isn’t completed then data stored in the cloud will always be subject to third party interference. Decentralized data storage couple with privileged access using Lit represents data that is owned solely by its creators.
Deliverables
The project is currently deployed to Polygon testnet, available at backed.by. All data posted by creators is stored on IPFS. We aim to deploy to the Polygon mainnet within 2022.
Development Roadmap
Functionality: Demo/Prototype launch on the polygon testnet - a functional version of BackedBy that allows creators to make profiles, mint $PROJECT tokens, set up tiers for membership access, and post content. Subscribers can choose a membership tier for purchase to access content. All revenue from membership purchases are distributed to $PROJECT token holder. Devs required: 5, for contract writing, frontend UI, writing and recording tutorial videos/FAQ docs, and QA Funding required: N/A Completion date: 7/1/22 (completed)
Functionality: Stablecoin support - Creators can choose to list memberships for sale in stablecoin prices or MATIC token prices. Transactions can be performed with stablecoins or MATIC tokens, based on creator’s choice. Devs required: 2, for contract writing and QA Funding required: 1,000 Completion date: 8/1/22
Functionality: Recurring payments - Subscribers can choose to allow the BackedBy contract to process recurring payments to automatically renew memberships on a monthly or yearly basis. Devs required: 2, for contract writing and QA Funding required: 2,000 Completion date: 8/1/22
Distributed File storage - all creator content encrypted and hosted on a distributed file storage service. Decentralized access control to content for membership NFT holders provided by Lit protocol. Devs required: 2, for contract writing and QA Funding required: 4,000 Completion date: 8/1/22
Functionality: Launch of version 1 on Polygon mainnet - All features of the demo/prototype launch with support for desktop web browser and a mobile app. Included features detailed above; stablecoin and recurring payment support, project governance, distributed file storage, monetized message. All with easy onboarding through multiple popular mobile and desktop web3 wallets. Devs required: 5, for contract writing, frontend UI, writing and recording tutorial videos/FAQ (which all need to be updated once new features are integrated) Funding required: 10,000 Completion date: 9/1/22
Functionality: Project governance by $PROJECT token - Backers ($PROJECT token holders) can vote on what they want to see next from a creator or give creative projects direction. Devs required: 3, for contract writing, UI, and QA Funding required: 3,000 Completion date: 10/1/22
Functionality: Monetized messaging - creators can choose to accept +/- charge for direct messages from fans. Devs required: 3, for contract writing, UI, and QA Funding required: 4,000 Completion date: 10/1/22
100 creators onboarded - 18,000 - marketing and outreach efforts focused on onboarding a diverse set of creators with successful premium membership profiles on web2-based competitors such as patreon. These creators, who have experience with successful monetization of paid content, would be the founding creators and core of the BackedBy platform, and would be able to bring proven content to the platform quickly. Devs required: The whole team as we manage marketing and outreach to creators Funding required: 18,000 Completion date: 10/1/23
Total Budget Requested
Total: 42,000
Maintenance and Upgrade Plans
We project long term growth of the site as more and more creators onboard. We plan to allocate a portion of the site's treasury specifically toward development of new features, maintaining the project, and hiring additional developers if needed. The income stream of the site allows it to generate revenue immediately directly proportional to the popularity of its creators given its 1% fee structure.
Team
Team Members
Boris Chobrutskiy Dax Herrera Charlie Showley Garrett Tynes Joshua Erickson Brandt Hill Pete Oxenham John Bojtor
Team Member LinkedIn Profiles
linkedin.com/in/daxherrera
linkedin.com/in/cgshowley linkedin.com/in/jeffrey-garrett-tynes-08a08bb0 https://www.linkedin.com/in/josherickson/ https://www.linkedin.com/in/brandt-hill-8271b218/
https://www.linkedin.com/in/john-bojtor-00487319b/
Team Website
https://backed.by
Relevant Experience
Boris Chobrutskiy has a BS and MS in molecular biology from UCSD and an MD from University of South Florida, developed Adaptive Match, a bioinformatics app for discovering T-cell targets for the next generation of cancer therapy, and involved in other projects bringing healthcare to web3.
Dax Herrera has a BS in Computer Science from CalTech, the CTO of Collector Crypt, a web3 project bringing the world’s collectibles onto the blockchain, and co-founder of Foundation Digital, a digital marketing company serving Fortune 500 companies. He runs several successful comedy podcasts supported by thousands of backers at patreon.com.
Charles Showley has a BS in physics from Cal Poly SLO, an MS in astrophysics from SFSU, a senior data scientist who has developed several state of the art machine learning models for natural language processing which serve thousands of clients across multiple industries. Garrett Tynes has a JD focused in Intellectual Property from the University of New Hampshire. He has certificates specializing in Intellectual Property Law and Entertainment Law, and has worked with large profile brands in areas of IP licensing, trademark, and copyright issues.
Joshua Erickson, dropped out a Network Systems Admin AAS to pursue a career in Information Services for outstate mid-west accounting firms. Though preferring to be in the background, his work has helped multi-million dollar companies benchmark their productions and business costs against the wider industry.
Brandt Hill graduated Magna Cum Laude from Kansas State University with a BS in Computer Engineering and minors in Computer Science and Mathematics. He worked as a student researcher on behalf of Sandia National Labs, and has industry experience in the Intelligent Transportation Systems, IoT/Embedded Systems, and FinTech. Brandt contributes to open source projects in his free time.
Pete Oxenham is an experienced project manager across both hardware and software products, placing a heavy emphasis on design, user experience, and product scalability. Most recently founded Chatter.dev, an industrial IoT analytics company.
John Bojtor has an advanced diploma in cyber security and is currently working as an IT Security Operations Officer. Over the last three years he has been developing in Web3, coming from C# and .NET. Starting with a SafeMoon fork, then a completely on chain NFT collection. And recently creating a gaming and betting liquidity pool as part of the Chainlink 2022 Spring hackathon.
Team code repositories
https://github.com/BrandtHill https://github.com/ParanoidSyntaxError https://github.com/cshowley
Additional Information
Searched for grants directly on Lit’s website after integrating the protocol on the app
boris@backed.by
We have 4 simple goals with BackedBy:
All content stored in a decentralized fashion. All payments handled without intermediaries. All creators with full control of their content, and freely available for anyone in the world to access.