IDEP – Augmented reality on Cosmos

IDEP is revolutionizing decentralized digital media by creating new standards and tools to enable a blockchain-based digital content economy.

What is IDEP?

IDEP (Iintergalactic Data Exchange Protocol) is a scalable blockchain type Proof-of-Stake built using Cosmos SDK which uses the Tendermint Core consensus engine.

IDEP’s central vision is to become the first augmented reality (AR) platform globally, based on digital media and using Tendermint’s PoS implementation. IDEP Network makes this possible by creating a geolocation-based AR layer that is easily integrated with mobile devices and smart glasses. You can think of this layer as a new standard in augmented reality experiences, as well as a complementary implementation of blockchain networks.

The core modules of IDEP Network will integrate and make full use of this augmented reality layer. Also, because it is tightly integrated with the network, it will be available for use by the rest of the Cosmos ecosystem and the wider blockchain community. The Inter-Blockchain Communication Protocol (IBC) will lead to exciting collaborations and use cases underpinned by IDEP’s AR technology.

IDEP Network embraces the open source philosophy, inviting the entire IDEP community to contribute to the growth of the network, creating a self-contained decentralized platform.

Introduction to the protocol

IDEP is an NFT2.0 blockchain that focuses on decentralized digital media. It is built using the Tendermint consensus engine and Cosmos SDK. IDEP will be launched with 3 fundamental models to start the ecosystem. Uptake – the next generation NFT2.0 platform, IDENTT – a profile on chain hyper expandable, and IDEP-Swap – an AMM swap and marketplace for digital assets. IDEP is the native utility token of the IDEP Network.

The IDEP Network is developed by the IDEP Foundation. The IDEP Foundation will facilitate the initial phase of blockchain development by creating the first ecosystem focused on digital media. Ultimately, the goal is to make the IDEP Network the largest community governed by the NFT blockchain.

Basic modules

idep network governance

Uptake
Uptake is IDEP’s native NFT module. Uptake will allow creators to quickly create any form of NFT.

The Uptake interface comes in two versions:

  • First, a sleek UI/UX for everyday use.
  • Second, a more extensible version of the SDK will be rolled out to allow developers to create complex versions of NFTs ready to be integrated natively into their games and dapps.

Uptake allows users to enjoy an extremely descriptive NFT2.0 standard. Through the implementation of an extensive keystore (with the ability to reference off-chain and on-chain files in the NFT2.0 standard), Uptake allows users to build and hybridize various versions of physical and digital NFTs. Once the minting is complete, the owner is then able to fully customize their tokens. Customization of tokens means that creators are free to decide on their functionality, total offer, target recipients, name and brand.

IDENTITY
IDENTT is an open-source lightweight standard that will enable decentralized governance, asset ownership, a reputation system, and more. For a small fee, the profile can be minted to serve as the basis for all on-chain social activities. Thanks to blockchain technology, on-chain identities become permanent, platform independent and interoperable. They allow users to maintain their personal social reputation across all systems and connections. From a fundamental perspective, a decentralized profile is a smart contract address that represents a person, business, or object. By placing the identity infrastructure inside a smart contract, we can utilize the complex logic that can be added to it and take advantage of the intractability that comes with it.

IDEP Swap
IDEP Swap is IDEP Network’s on-chain Auto Market Maker (AMM), which provides liquidity to the native NFT2.0 blockchain, IDEP utility token and other fungible tokens. The IDEP swap adopts the Constant Product Market Maker (CPMM) model. CPMMs are based on the function x ∗ y = k, which establishes a price range for two tokens based on the available quantities (liquidity) of each token. Within IDEP Swap, users can trade token pairs or provide liquidity to a chosen liquidity pool by depositing tokens to provide equal liquidity on both sides of the trading pair. IDEP Swap also has the ability to deploy a customizable NFT2.0 marketplace. This feature gives artists and content creators an easy way to integrate their own decentralized marketplace. Integrating a native NFT marketplace is crucial for industry-wide adoption, especially in gaming and video streaming.

Specifics of the project

Layer 1
IDEP Network adopts the philosophy of implementing a purpose-oriented blockchain. Most blockchains today are general networks that apply to many use cases. This lack of direction and the breadth of use cases rarely provide a concrete framework for large industries. This has a negative impact on native projects and communities. IDEP believes that blockchain architecture should be tailored to create an ecosystem that is best able to incubate and nurture a specific community. The IDEP enables real-world use cases, uniquely geared towards the digital content arena. This hyperfocus makes it easy for creators and users to mingle with each other to better share new ideas and foster new relationships.

Interoperability
IDEP Network is part of Cosmos, a blockchain network architecture. Cosmos is a network of many independent blockchains, called zones. Each zone of Cosmos is connected by the IBC (Inter-Blockchain Communication) protocol which allows the Cosmos blockchains to communicate with each other. The IBC protocol can be defined using two types of transactions: an IBCBlockCommitTx transaction, which allows a blockchain to prove to any observer its most recent blockchain, and an IBCPacketTx transaction, which allows a blockchain to prove to any observer that the given packet was posted by the sender’s application via Merkle’s proof to the recent blockchain. By dividing the IBC mechanic into two separate transactions, we allow the receiving chain to determine which packets are committed, and the sending chain to be completely free as to the number of outgoing packets allowed.

IDEP Tokenomics

IDEP is IDEP Network’s utility token used to pay for transaction fees and services. It will be minted and distributed as a reward for staking for the lifetime of the ecosystem.

Token name: IDEP
Initial offer: 150,000,000
Initial inflation rate: 7-20%

idep pie chart

The governance

The IDEP Foundation aims to involve the entire community in the next-generation NFT ecosystem. IDEP is the governance token of the project and IDEP holders can participate in governance by placing their tokens with validators that best represent their vision for the network. As creators of the ecosystem, the IDEP Foundation contributes all necessary initial resources and currently manages the ecosystem in order to nurture and grow the project in its early stages, to facilitate long-term growth as efficiently as possible.

The governance framework:

Participants in the IDEP ecosystem are responsible for the governance of the IDEP Network, which includes, but is not limited to, improving functionality, tokenomics and infrastructure. Anyone can join the ecosystem and become an IDEP holder to help shape the future of decentralized digital media.

All users can submit proposals to the DAO, and all IDEP holders have the right to vote for proposals that concern them.

Galactic Improvement Proposal (GIP):

Community members can submit their proposals to improve the overall design of the IDEP ecosystem, such as standards improvement plans, community modules, new bridges, etc.

Galactic Metric Proposal (GMP):

Community members can decide on the most important metrics of the IDEP Network as well as proposals regarding the tokenomics of the network.

Examples of metrics include but are not limited to:

  • Fee structure
  • Token currency
  • Creation of new grant pools

The roadmap

idep roadmap

Future prospects

The IDEP Network aims to become the impetus that introduces and standardizes blockchain technology in the field of digital media. The commitment of the IDEP Foundation will not stop at the initial core modules and standards. From 3D in-game assets to merging physical and digital assets into a seamless union, the true potential of IDEP is endless.

The architecture and implementation of the IDEP Network is still undergoing rapid development and optimization, with questions regarding new modules to be created, the bridge we should build to best help the network to grow, as well as the fastest way to integrate new projects into our Layer 1. For this reason, we invite all members of the community to proactively initiate proposals and vote to further optimize the IDEP and build a more robust community and ecosystem.

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Quentin Durand avatar

Quentin Durand

I am convinced that the next few years will be those of cryptocurrency and the metaverse. Passionate about the Tendermint Cosmos ecosystem and NFTs, I will share my knowledge. Co-founder of Stakelab.fr

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IDEP – Augmented reality on Cosmos


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