In summary
- Decrypt launches its reader token with the season partner Filecoin.
- The partnership helps users become familiar with creating wallets and collecting tokens.
Today, readers of the Decrypt app (available for iOS and Android) are having open access to the inaugural Decrypt Token season.
The token, which is deposited in users’ wallets as they read, share and engage with the articles, is the first step in Decrypt’s ambition to build Web3 products that help to demystify the decentralized network. Decrypt is proud to announce its first token season partner, Filecoin.
Filecoin is a decentralized protocol that allows anyone to rent extra storage space on their computer. Likewise, anyone can buy storage on the network.
Since the project’s launch in the fourth quarter of 2020, it has accumulated more than 3.3 exbibytes of storage, or approximately enough storage to store Wikipedia 14,850 times.
“We have been working with the Filecoin community for more than six months, collaborating on everything from event production, organizing round tables and helping to draw attention to the phenomenal work they put into building the emerging decentralized data storage ecosystem ”Said Josh Quittner, CEO and co-founder of Decrypt. “Working with them to launch our token was the next logical step.”
“The new Decrypt program helps the world to get involved and understand the importance and benefits of Web3 technology,” said Colin Evran, of Protocol Labs. “It reimagines education for the decentralized era and we are excited to see many new users learn about Web3, decentralized technology and Filecoin through this interactive program. The Filecoin community is proud to support you. ”
Decrypt stations
TThe seasonal structure of the Decrypt Reader Token creates a unique opportunity for our audience of more than 4 million viewers to immerse themselves in learning about how a token works, as well as how our partners are helping to build the next generation of the web.
“The token is a natural progression in our mission to demystify the decentralized web. Millions of readers come to our website every week – with our token, we can now introduce these readers to the main concepts of cryptocurrencies: wallets, balances, transactions. We are showing, not just counting, ”said Ryan Bubinski, co-founder and CTO at Decrypt.
Bubinski led the token team and was its architect from the beginning, almost two years ago.
As part of a broader collaboration with Filecoin and Protocol Labs, Decrypt worked on the production educational guides, host chats by the fireplace, it is a engineering showcase to highlight the power of the underlying technology.
“After decades of publishers mired in a“ complicated ”relationship with the Internet, it’s fantastic to see Decrypt take the new tools that web3 provides and simply run with them. By making the reader encouraged a “seasonal” user integration experience, they made token launching something fun for readers and incredibly useful for covered projects, ”says Dietrich Ayala, leader of the IPFS ecosystem.
Tokens for NFTs
In the first season of the Decrypt Reader Token, users will be able to exchange their Decrypt tokens for a limited edition set of NFTs created by some of the industry’s top artists. The theme of these digital works of art is decentralization, and each artist interpreted the theme differently to help show the size and scale of the theme, as well as the values maintained by Decrypt and Filecoin.
“This is just the first step in our mission to create Web3 products that are easy to use, simple to understand and help users become familiar with the technology that we believe will change the digital world as we know it,” says Alanna Roazzi Laforet, Editor at Decrypt.
At launch, the token will be available to readers worldwide, except in the UK.
Decryption tokens are not Filecoin tokens; Filecoin is the sponsor of our first season, and future seasons may have different sponsors.
If you want to know more about the decryption token, see our FAQ.
If you are interested in working with Decrypt in a future token season, you can send us an email directly to: [email protected]
Sponsored by Filecoin
This sponsored article was created by Decrypt Studio. Learn more about partnering with Decrypt Studio.