Cointime

Download App
iOS & Android

Cascad3: Embracing the Cascading Economy Model for Web3 Collaboration and Collective IP Management

Cointime Official

Every new era brings about a shift in the way humans collaborate, and the Web3 era is no different.

Web3, also known as the decentralized internet, paves the way for a fairer, more transparent, and collaborative world, operating in a "trustless" manner. Take Ethereum as an example: it functions as a global, collaborative computer where users can code or trade anything on this peer-to-peer (P2P) blockchain, governed by its community. If we envision Ethereum as an ecosystem consisting of individuals and organizations, it becomes clear that its evolutionary trajectory is not dictated by a single individual or entity but is propelled forward by collective collaboration.

In Web3, a novel network co-constructed, co-governed, and shared by all its users, everyone becomes content owner and creator. As reported by The Influencer's Club, the total asset value of the Web3 content creation market surpassed US$100 billion in December 2022, and it continues to expand. Non-fungible Tokens (NFTs) serve as a prime example of Web3's role in promoting the content creation economy. These unique digital tokens employ blockchain technology to record ownership and verify authenticity, enabling creators to monitor every transaction involving their work on the chain. By setting royalties, creators can also earn income from secondary sales.

Although NFTs tackle the needs of individual and organizational creators, they don't provide a complete solution. In the inherently collaborative environment of Web3, a question still lingers: how can we ensure that everyone can participate in collective collaboration, governed by open and transparent rules while recognizing and rewarding each contributor's efforts? The decentralized publishing platform Cascad3 seeks to address this issue.

Introducing Cascad3: A Decentralized Publishing Platform for Collaborative Intellectual Property

Cascad3 is a decentralized publishing platform currently under development, aimed at fostering collaboration and monetizing collective intellectual property. At the heart of this platform lies the Cascading Economy concept.

So, what exactly is "cascading"? Let's explore two examples.

In the Web2 era, Wikipedia serves as an instance of "cascading." It functions as a collaborative platform for the collective creation of knowledge. By aggregating the wisdom of the masses, Wikipedia enables collaborative authoring and the development of collective hypertext. Wiki pages allow all users to browse, create, and edit content, empowering them to write, revise, expand, and discuss shared topics. This process optimizes collective creation and amplifies the value of knowledge sharing.

In the Web3 realm, a "fork" in a blockchain represents cascading. In the open-source community, forking refers to the process of "copying and modifying" as a means to extend the influence of open-source software. In the world of blockchain, forks occur when disagreements arise during the upgrade process. Since blockchains lack a centralized administrator, every code upgrade requires unanimous community approval. If consensus cannot be reached, the blockchain may undergo a fork. A hard fork constitutes a fundamental change to the software, necessitating all users to upgrade to the latest version, whereas a soft fork involves copying and modifying the software code. The original project persists, but on its foundation, a new direction emerges, leading to the development of fresh projects.

Cascad3's Cascading Economic Model: Fostering Collaborative Innovation

Collaboration lies at the heart of mobilizing social productivity and production resources, enhancing efficiency through strategic allocation. In the context of Web3 collective collaboration, Cascad3 seeks to define, confirm, and execute production relationships and resources. The platform aims to provide a tool for collective collaborators, enabling each "collective" to freely establish rules and conditions recognized by creators. Subsequently, production relationship rights are confirmed based on the blockchain network, and the benefits generated in the process are automatically distributed among all participants.

Cascad3 employs a bottom-up economic distribution model. As income flows in from downstream works, each downstream piece serves as an automatic distributor of revenue, providing continuous passive income to the upstream segment. All these works, along with their upstream and downstream relationships, are securely stored on the open, transparent, and immutable blockchain.

To grasp the notions of "upstream" and "downstream," it's important to recognize that creativity, innovation, and development often involve standing on the shoulders of giants. In the Cascad3 cascading economic model, "upstream" denotes these "giants" who provide the foundation for innovators, while "downstream" signifies the innovators themselves. When your work draws inspiration from or builds upon existing pieces, your creations are considered "downstream," and the referenced works become "upstream." Within an extensive blockchain collaborative network, any work can simultaneously be "upstream" and "downstream."

In the Web2 era, you might have opted to pay tribute to specific works in writing or provide a hyperlink, but with Cascad3, you can directly allocate a percentage of the revenue generated by your work (refer to Y%/Z% in the figure below) to these pieces. At the same time, the creator retains a certain proportion in their work (refer to X% in the figure below), which is determined by the space manager. In Cascad3, space administrators can be individuals, decentralized autonomous communities (DAOs), or leaders in centralized enterprises. The author's retention rate (X%) set by the space creator is open and transparent, allowing participants to freely choose which spaces to join.

Envisioning the Future of Cascad3

Early adopters of the Cascad3 platform primarily encompass content publishing and production platforms, as well as decentralized autonomous communities. Notable examples include digital content provider COL Chinese Online, decentralized profit-sharing wiki Arweave Wiki on the Arweave network, members of the decentralized autonomous community SeeDAO, Arweave co-builder community PermaDAO, and multimedia collaborative fiction community Babel Universe. Going forward, the platform could be extended to various other fields, such as academic writing, game development, and hackathons.

Looking ahead, participants in collective collaboration may not be limited to just humans. It's conceivable that, on the Cascad3 platform, your upstream or downstream collaborators could be artificial intelligence systems. AI-generated content (AIGC) has experienced rapid growth, accelerating the revolution in content productivity. In just a few months, AIGC has found widespread application in text, image, audio, and video content generation, with commercial ventures in design, content creation, games, and other industries. Although AI-generated data currently constitutes less than 1% of all data, Gartner estimates this figure will rise to 10% by 2025. Sequoia projects that, by 2025, the application scale of AIGC in China alone will exceed 200 billion.

On the Cascad3 platform, creators might collaborate with AI to produce and share content while retaining ownership of their intellectual property. This collaboration could give rise to a decentralized collective narrative experience unique to the Web3 era.

Comments

All Comments

Recommended for you

  • Saudi Reconnaissance Drone Shot Down in Yemen's Hajjah Province

    According to the Iranian Tasnim News Agency, a Yemeni military source stated that the Yemeni armed forces shot down a Saudi 'ScanEagle' reconnaissance drone over Hajjah Province while it was attempting to enter Yemeni airspace. The source informed the Yemeni official news agency that the drone was hit and downed using 'appropriate weapons'.

  • Iranian Parliament Speaker Mocks: U.S. Economic Pressure on Iran Will Backfire

    Iranian Parliament Speaker Mohammad Baqer Qalibaf shared an image on social media platform X, outlining the economic pressures against Iran and the impact of changes in the energy market on the U.S. economy. Referring to recent measures taken by Trump to control U.S. commodity prices, he wrote: 'Importing frozen meat to control meat prices? Well, maybe effective. But what is the U.S. plan for national debt? Want to import “frozen yields”? For the housing market, are you going to introduce “frozen buyers”? To address wage issues, are you going to issue “frozen payrolls”? A rigid and uninnovative foreign policy will lead to a frozen and stagnant economy. What is the only thing still functioning? It is the boomerang of imposing “devastating economic pressure” on Iran, which will ultimately come back to the U.S. itself.' (Jinshi)

  • US Military Casualties in Iran War Rise to 774

    According to the Washington Post, the casualty statistics system of the U.S. Department of Defense shows that the number of U.S. military casualties in the Iran war has risen to 774, including 18 deaths and 756 injuries. Even during periods without large-scale combat, the Department of Defense has quietly added about 60 new injury records recently. A significant number of the injured were affected by traumatic brain injuries caused by explosions when U.S. bases in Jordan, Kuwait, Iraq, and Saudi Arabia were attacked.

  • US Military Casualties in Iran War Rise to 774

    According to the Washington Post, the casualty statistics system of the U.S. Department of Defense shows that U.S. military casualties in the Iran war have risen to 774, including 18 deaths and 756 injuries. Even during periods without large-scale combat, the Department of Defense has quietly added about 60 new injury records recently. A significant number of the injured were affected by traumatic brain injuries caused by explosions during attacks on U.S. bases located in Jordan, Kuwait, Iraq, and Saudi Arabia.

  • Fed's Kashkari: U.S. Treasury Market is Operating Normally

    On August 23, Federal Reserve's Kashkari downplayed market concerns over rising U.S. Treasury yields, stating that the market is functioning well and that the recent surge is unlikely to impact discussions on monetary policy. Kashkari said on Sunday, "All signs indicate that the U.S. Treasury market is operating normally, trading is proceeding smoothly, and market liquidity is ample, so we can use the federal funds rate as the primary tool to reduce inflation." Last week, yields on U.S. Treasuries across various maturities rose, with the benchmark 10-year Treasury yield closing around 4.73%. The 30-year Treasury yield remained near its highest level since 2007. Kashkari noted that while current Treasury yields are relatively high compared to recent historical levels, they are much lower than those in the 1990s. "We need more data, but I don't want to prejudge the outcome of the next meeting," he said, "However, I do not currently believe that inflation will fall back to target levels in the short term." (Jin Shi)

  • Fed's Kashkari: U.S. Treasury Market Operating Normally

    On August 23, Federal Reserve's Kashkari downplayed market concerns regarding rising U.S. Treasury yields, stating that the market is functioning well and that the recent surge is unlikely to affect discussions on monetary policy. Kashkari said on Sunday, "All signs indicate that the U.S. Treasury market is operating normally, trading is proceeding smoothly, and market liquidity is sufficient, allowing us to use the federal funds rate as the primary tool for reducing inflation." Last week, yields on U.S. Treasuries across various maturities rose, with the benchmark 10-year Treasury yield closing at around 4.73%. The 30-year Treasury yield remained near its highest level since 2007. Kashkari noted that while current Treasury yields are relatively high compared to recent historical levels, they are much lower than those in the 1990s. "We need more data, but I don't want to prejudge the outcome of the next meeting," he said. "However, I do not currently believe inflation will fall back to target levels in the short term." (Jin Shi)

  • Iranian Parliament Approves Service Fees for Vessels Passing Through the Strait of Hormuz

    On August 24, the Iranian Mehr News Agency reported that Hassan Kashkavi, spokesman for the National Security and Foreign Policy Committee of the Iranian Parliament, announced on Sunday that the committee has approved Article 3 of the 'Strategic Action Plan for Ensuring the Security and Development of the Strait of Hormuz.' He stated, 'According to this provision, we will charge fees for maritime services, environmental services, fuel supply in special circumstances, insurance, security, and other services provided.' These fees will be charged to vessels from relevant countries authorized to pass through the Strait of Hormuz, payable in rials or other currencies designated by the Islamic Republic of Iran. He emphasized the importance of respecting the rights of coastal countries of the Strait of Hormuz and stated, 'We must not forget that international laws and regulations not only recognize freedom of navigation but also emphasize the respect for the security and sovereignty of coastal states and prevent violations of these rights.' (Jinshi)

  • Iranian Parliament Approves Service Fees for Vessels Passing Through the Strait of Hormuz

    On August 24, the Iranian Mehr News Agency reported that Hassan Kashkavi, spokesperson for the National Security and Foreign Policy Committee of the Iranian Parliament, announced on Sunday that the committee has approved Article 3 of the 'Strategic Action Plan for Ensuring the Security and Development of the Strait of Hormuz.' He stated, 'According to this article, we will charge fees for maritime services, environmental services, fuel supply in special circumstances, insurance, security, and other services provided.' These fees will be charged to vessels from relevant countries authorized to pass through the Strait of Hormuz, payable in rials or other currencies designated by the Islamic Republic of Iran. He emphasized the importance of respecting the rights of coastal countries of the Strait of Hormuz and stated, 'We must not forget that international laws and regulations, in addition to recognizing the freedom of navigation, also emphasize the respect for the security and sovereignty of coastal states and the prevention of violations of these rights.' (Jinshi)

  • Over $405 Million in Liquidations in the Last 24 Hours, Long Positions Dominate

    In the past 24 hours, the cryptocurrency market experienced a total of $405 million in liquidations across all contracts, with long positions accounting for $246 million and short positions for $159 million.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.