# DoubleWeb3 quarterly update

**Published by:** [DoubleNFT](https://paragraph.com/@doublenft/)
**Published on:** 2022-10-12
**URL:** https://paragraph.com/@doublenft/doubleweb3-quarterly-update

## Content

DoubleWeb3 is a dev DAO that aims to create NFT utility solutions.We make NFT more investable.DoubleWeb3 DAO was founded in July 2022. Since then, we have been delivering value to all our holders, supporters, and the NFT community by building as many innovative tools as possible for every NFT holder. The NFT space may be in a bear market, but builders always build no matter what.In Aug 2022, we launched our GrassRootPass, holding a GrassRootPass makes you an owner of DoubleWeb3. Holders can vote in DAO and share the income generated by our solutions. Currently, we put our focus on two directions:building tools to improve NFT/web3 securitybuilding financial tools for NFTWhat we have built so farNFT security toolsminting firewallwallet bluecheckdouble identity (NFT security solution using a proxy NFT)NFT financial toolscapsule machines (gamified NFT marketplace)NFT option (financial derivatives for NFT)Other toolsNFT freemint alertauto mint botNFT option gives investors flexibility on how to financially manage their NFT investmentWhat we are buildingNFT option (put option)NFT binary optionSynthetic NFT indexThe next NFT projectDoubleWeb3 tokenGrassRootPass staking programBusiness modelMost of our tools are charging 2.5% service fee/ trading fee. And the income we generate for the DAO will be distributed according to the ratio decided by the DAO All generated income will be divided into four parts. The ratio is subject to change according to the quarterly DAO review.30% of the revenue will be distributed to the dev team40% of the revenue will be distributed to the community vault20% of the revenue will be used to buy back GrassRootPass10% of the revenue will be allocated to the referral programThe DoubleWeb3 ecosystem

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