InvArch / LAST WEEK NEWS

4 min readDec 22, 2021

Hello everyone! I continue to keep you updated with the latest news regarding the InvArch project, which aims to fundamentally change the way the world views the intellectual property, as well as change the way we innovate and collaborate.

And I want to start with questions of a technological nature, in particular with SmartIP-contracts, which are necessary for authenticating files as tokenized intellectual property.

It is important to understand that SmartIP-contracts are smart contracts stored in the form of intellectual property files (IP Files), which can be combined into sets of intellectual property (IP Sets) in the form of a decentralized application, belong to several owners, and enjoy all the advantages of staking intellectual property (IP staking), thereby opening up new horizons of possibilities.

I would also like to note that according to the InvArch team, the launch of the test network is planned for next month. Everyone will be able to take part in testing the basic functionality of the InvArch network, however, there is no reward for testing. The team promises to publish all the details of testing by January.

Due to major changes in the terminology and concepts associated with the InvArch protocol and its code, as well as in connection with the reorientation of the InvArch project, the team promises to publish a new version of the Whitepaper by the end of this year.

In addition, the new InvArch website will be launching in the coming days, so we look forward to these updates.

No less interesting news is that at the beginning of the second quarter of 2022, it is planned to launch the InvArch Builders program, designed to fund teams and projects developing decentralized applications using the InvArch protocol.

Moving on to the community news, I, first of all, want to start with the fact that the InvArch team on 12/17/2021 at 01:00 am Moscow time held their second AMA in Discord InvArch http://discord.gg/invarch, where they managed to answer almost all community questions and share new information about the InvArch project. You can listen to the AMA recording with the participation of Dakota (founder of the InvArch project), Gabriel (co-founder of the project), and Casey (community manager) at this link https://www.youtube.com/watch?v=DY_zBoX74Xs&t=35s.

Also, the InvArch team is currently running two events for their community.

Under the terms of the first event, you need to write a comment under the InvArch tweet at this link https://twitter.com/InvArchNetwork/status/1472371229181022208 about how you think #InvArch will change the world. An award of 30 $DOT is allocated for this event: for the first place — 15 $DOT, for the next 5 places — 3 $DOT. The end of the event is December 25.

Under the terms of the second event, all Discord InvArch members who subscribe to Twitter InvArch https://twitter.com/InvArchNetwork will be awarded 5 points by December 25. And this applies to both current subscribers and new ones.

Plus, every InvArch Twitter follower who likes and retweets the Polkadot PromoTeam’s tweet https://twitter.com/PromoTeamPD/status/1472656994528075797 with the hashtag #TeamInvArch will receive an additional 5 points.

These points will be counted in the third round, and subsequently will be exchanged for VARCH tokens.

As we can see, the project team is in close contact with their community. The project is developing dynamically. The team should announce their partners very soon, so we are closely following Twitter InvArch so as not to miss important events in the life of the project.

You can find more detailed information about the project by following the links indicated in the description of this article.

Bye everyone, see you again.