TM Rating: 73% |
Review Date: January 13th, 2021
Archway is an incentivized smart contract platform that rewards developers — ushering in next gen dApps. The protocol gives developers the tools to easily build and launch scalable cross-chain dApps, and get rewarded for the value they contribute to the network. The overarching goal of Archway is to foster an array of diverse and sustainable applications by empowering and rewarding developers that build on the network with baked in incentives and rewards.
The internet helped to democratize access to information, but it hasn’t fully democratized access to capital and value. Entrepreneurs and developers around the world lack access to the same opportunities as their counterparts in more developed nations. Archway aims to level the playing ﬁeld. Built into the protocol itself, Archway rewards developers based on the value and impact of their dApp, rather than their close association or connections to capital. Unlike existing Web 2.0 platforms or early versions of Web3 layer 1s, where tokens are mostly concentrated in the hands of the ﬁrst few early participants, Archway is designed to be shared across all contributors and stakeholders. The entrepreneurs and developers who are building on Archway get a true stake in the growth and governance of the protocol itself.
We’re now living in a multichain world, and interoperability is slowly becoming an absolute must. Built on Cosmos, Archway natively integrates Inter-Blockchain Communication protocol (IBC), allowing users to exchange assets and data with other Cosmos-enabled chains. The Cosmos universe is vast and growing rapidly, with 250+ projects built atop and more than $120B in assets at the end of 2021.
Archway aims to help on-ramp to this ecosystem. Archway gives developers a simple way to build and launch scalable cross-chain dApps, and get rewarded for the value they contribute to the network. The protocol is designed for ﬂexible smart contract development and easy deployment to Cosmos (and the Interchain), enabling dApps to reach a high number of users. With its innovative and inclusive rewards model, success is shared directly with developers. As dApps generate usage, they earn a proportional share of network rewards and can allocate them in whatever way they feel beneﬁts their ecosystem.