Decentr (2024)

What is Decentr?

Decentr is an intuitive Web3 blockchain/metaverse browser and custom blockchain that securely stores user browsing data as part of a user’s Decentr ID (DecID).

Why is a Decentralised Browser Important for Web3/the Metaverse?

Our decentralized blockchain browser allows users to access and retrieve data across multiple partner chains. This means our Web3/metaverse browser (we call the ‘metabrowser’) is for Web3 and the metaverse what Netscape was for Web2 – a foundational Web3 and metaverse solution that supports mass adoption of multiple, integrated technologies to create the Metaweb.

Why is the Decentr Metabrowser Important for the Metaweb?

Decentr creates a seamless, decentralized, user-centric experience for Web3 and 3D/AR browsing to be used on mobile and desktop metaweb navigation. The bottom line is, if the public cannot access Web3/the metaverse then public adoption will be slow and a fully integrated Metaweb will not happen. We are changing this.

Who Are Your Metaverse Partners?

We are in talks with many potential metaverse partners to be first movers in integrating their spaces into an interoperable metaweb. Our key partner is Spheroid.io – they are an open source (most metaverses are closed source) metaverse with big plans for public adoption of their lands and attractions via the metaverse browser they are helping us build.

What Project Milestones Have Been Achieved To Date?

What are the Browser Benefits?

Our browser not only stores but also values user data securely as part of users’ DecID. This gives users complete control over their Web3 data and metadata, who they choose to show it to and what they do with it.

What are the Economic Benefits for the User?

Because user data is securely valued, a proportionate value of this data is returned to users in Decentr’s native token $DEC, directly into a user's dWallet each month. The dWallet is integrated as part of a user’s account.

Why is the $DEC Token Unique?

DEC is one of only a few tokens with intrinsic value because it is based on a digital asset – data. Secure data is valuable and our Defi features let each user benefit economically from this value as determined by their PDV. The only way to access these features is $DEC, giving our native token enormous utility.

What is PDV?

How does a User Increase Their PDV?

A user’s PDV increases through positive engagement, reuse and exchange of their data across the decosystem and the metaweb – in other words, a user is rewarded for browsing the Web as they always do.

What are the Future Plans for PDV?

The long-term vision for Decentr is to allow users to sell their individual data via a data exchange to interested parties. But even leading data based projects, such as Ocean Protocol, recognise this is still a very early stage market. Decentr has partnered with Ocean protocol to develop their shared vision of data as currency.

How Does PDV/Data Benefit Users Now?

While the gap data sale gap is being bridged, Decentr has designed an alternative method to incentivise users:
As users interact with the Decentr ecosystem their PDV grows in value. Decentr currently provides a pool of 300 000 DEC rewards each month. Decentr will take the total PDV difference over the course of a month for a user and distribute a reward in DEC from the rewards pool, proportional to their share of overall PDV.

How Does Decentr Value User Data?

The Decentr browser and custom blockchain values and stores user data securely as part of their Decentr ID (or DecID). Data is valued on Decentr in two ways:
1. By way of determining intrinsic data value within the decosystem – in other words, what data is being generated, reused and exchanged that has maximum benefits for the decosystem and platform.
2. The value of data as determined by our data market partners/the wider data market.

Does Decentr’s Competition do anything Similar?

No. The Decentr mainnet browser is the first (and currently only) ‘natively’ blockchain aware web3 browser. Our vision is for Decentr to be synonymous with crypto itself, the crypto browser of choice and the first step to entering the crypto ecosystem and the metaweb for any new user.

What does ‘Natively’ Blockchain Aware Mean?

Existing browsers, like Chrome and Firefox, interact with web3 via extensions and are obviously not natively blockchain aware. Even the current crypto browser of choice, Brave, is not an actual web3 browser and uses ERC20 to connect to a centralized wallet provider in Uphold (this is past their somewhat shaky token utility and incentivisation model).
The Decentr browser now changes all of this and, as a result, our short term adoption and user acquisition strategy is based on the crypto ecosystem itself.

What is the Decentr Mainnet Built On?

Our mainnet is built on the Tendermint/Cosmos SDK and, as such, offers many of the features of the underlying tech stack, most importantly, cheap and fast transactions – critical for a project such as Decentr where microtransactions for the transfer of data and payments form a majority of the transactions on the network.

Does Decentr’s Mainnet Operate on a Delegated Proof-of-Stake?

Yes. As per other Tendermint/Cosmos deployments, Decentr’s mainnet operates on a delegated Proof-of-Stake consensus mechanism. This means there are a series of Decentr nodes that will power the blockchain/network and users will have the ability to either create their own Decentr node, or delegate their stake to an existing Decentr node and earn network rewards as a result.

What is the APR on Network Rewards?

The APR on network rewards is currently ~20%. By creating a Decentr node or delegating your stake of native DEC tokens towards a node, you will not only be earning these network rewards, but also helping support and decentralize the Decentr blockchain and ecosystem. Even better, DEC token holders who wish to delegate their stake to a Decentr node can now do so directly via the Decentr browser.

What is Your Overall Metaweb Vision?

Currently, there is no single metaverse: what currently exists is a collection of isolated proprietary centralized metaverses. Our aim is to integrate these disconnected metaverses as interconnected/interoperable ‘spaces’ to create the metaweb. These will conform to uniform Standards & Practices (S&Ps) within a single, decentralized metaweb.

How does the Decentr Browser Achieve this Integration?

We like to use this analogy: in the same way our blockchain browser integrates partner blockchains to create a foundational Web3 solution it also functions as a metabrowser to integrate partner metaverses into a single interoperable metaweb.