NewtNewt Update
We have decided to close the chapter on the Newt experiment and wanted to share next steps and most importantly, celebrate our accomplishments. A year ago, we put together the Newt skunk team as a fun experiment within the Aave Companies to inspire and scale innovation in crypto and form a deeper connection with the broader web3 community. Working alongside external builders, our mission was to ship proof-of-concept apps and share ideas. At the time, we hoped Newt would serve as an inspiratio...
NewtIntroducing re:meme – the on-chain database and source to publish, create, remix, and trace the orig…
We all love memes. They make us laugh, they bring us closer together, and allow us to reflect on the trends unfolding in society. Liking memes is human nature. They’re inside jokes that make us feel a part of a greater community. Once in a while, we come across a meme so funny and so original that we must ask, “where did that meme come from?” and “how can I add to it?” But we don’t know how. Today, we’re launching re:meme, the first on-chain meme remixer -- built on top of Lens Protocol.Like ...
Experiments arm of the Aave Companies
Time is our most valuable asset. We each hold a limited supply of time, but how we use it, what we use it for and for what price we sell it sometimes feels out of our control.
Blockchain technology has brought the power of immutability and trustlessness to individuals. We’ve leveraged this technology to elevate and monetize many aspects of daily life:
Financial services → DeFi
Art → NFTs
Companies → DAOs
Yet, time has not made the list. Newt, the experiments arm of the Aave Companies, decided it was, well, about time (pun intended kek).
Introducing, Newt: Aika.
Following in the etymological footsteps of the Aave Companies (”aave” means ghost in Finnish), Aika is the Finnish word for “time”. Let’s dig into why and how putting time on-chain will revolutionize how people make a living 👇
Time is the perfect complement to a growing segment of Web3: the future of earning.
DAOs, bounties, grants, task boards, and the gig economy has permanently changed the concept of earning a living in the modern world.
The self-sovereign individual has complete control of their time, and if given a way to not only organize it but also monetize it, then the value unlocked can be genuinely life-changing.
Simply put, with Aika, your time can be minted and sold as NFTs on Polygon, immutably recording events and your work on the blockchain.
“Ayo, we put time on the blockchain” - 0xjim
Aika brings in a wealth of new options, providing you the ability to take control of your time and how you monetize it.
For guilds, service DAOs, and other crypto-native organizations, Aika can be an easy way to standardize your services, e.g., receive X services for Y amount of hours for Z remuneration. Source business from a global market and easily record and track that completed business.
Dynamic price discovery for your time: how much is your time actually worth? Let the market decide.
Commemorate milestones: store iconic moments in time on-chain for memorabilia.
Support up-and-coming individuals: become a patron to rising stars whose time may rise in demand in the future.
Global reach: immediate access to the entire world.
On-chain attestation: an immutable record that you completed a task which future buyers can then use to verify your services.
Beyond income generation, other use cases may arise for Aika: restaurant reservations, personal meetings (Web3 Calendly anyone?), and car-sharing. Everything we do requires time, so the possibilities are pretty endless!
In the spirit of Web3, Newt is committed to building with full transparency alongside the community. We shipped a smol primitive that still needs work to achieve the vision we have for Aika.
Streaming payments with Superfluid for time
DAO contributor payout tools
Sourcing contributors for DAOs
Reputation system for time minters (e.g., star rating, reviews)
Arbitration/dispute resolution between time minters and buyers
Including more tokens for payment (e.g., DAO tokens)
Creating a gifting economy with Time NFTs
This is the first step in a long journey. However, we know one thing is for sure, this is a future that we will build together, and we’d love for you to be a part of it.
Check out Newt: Aika here: https://aika.market
Check out the code and docs: https://github.com/WeAreNewt/NonFungibleTime
If you’re interested in contributing, join the Newt Discord: discord.gg/newt
LFG, Newts!
Time is our most valuable asset. We each hold a limited supply of time, but how we use it, what we use it for and for what price we sell it sometimes feels out of our control.
Blockchain technology has brought the power of immutability and trustlessness to individuals. We’ve leveraged this technology to elevate and monetize many aspects of daily life:
Financial services → DeFi
Art → NFTs
Companies → DAOs
Yet, time has not made the list. Newt, the experiments arm of the Aave Companies, decided it was, well, about time (pun intended kek).
Introducing, Newt: Aika.
Following in the etymological footsteps of the Aave Companies (”aave” means ghost in Finnish), Aika is the Finnish word for “time”. Let’s dig into why and how putting time on-chain will revolutionize how people make a living 👇
Time is the perfect complement to a growing segment of Web3: the future of earning.
DAOs, bounties, grants, task boards, and the gig economy has permanently changed the concept of earning a living in the modern world.
The self-sovereign individual has complete control of their time, and if given a way to not only organize it but also monetize it, then the value unlocked can be genuinely life-changing.
Simply put, with Aika, your time can be minted and sold as NFTs on Polygon, immutably recording events and your work on the blockchain.
“Ayo, we put time on the blockchain” - 0xjim
Aika brings in a wealth of new options, providing you the ability to take control of your time and how you monetize it.
For guilds, service DAOs, and other crypto-native organizations, Aika can be an easy way to standardize your services, e.g., receive X services for Y amount of hours for Z remuneration. Source business from a global market and easily record and track that completed business.
Dynamic price discovery for your time: how much is your time actually worth? Let the market decide.
Commemorate milestones: store iconic moments in time on-chain for memorabilia.
Support up-and-coming individuals: become a patron to rising stars whose time may rise in demand in the future.
Global reach: immediate access to the entire world.
On-chain attestation: an immutable record that you completed a task which future buyers can then use to verify your services.
Beyond income generation, other use cases may arise for Aika: restaurant reservations, personal meetings (Web3 Calendly anyone?), and car-sharing. Everything we do requires time, so the possibilities are pretty endless!
In the spirit of Web3, Newt is committed to building with full transparency alongside the community. We shipped a smol primitive that still needs work to achieve the vision we have for Aika.
Streaming payments with Superfluid for time
DAO contributor payout tools
Sourcing contributors for DAOs
Reputation system for time minters (e.g., star rating, reviews)
Arbitration/dispute resolution between time minters and buyers
Including more tokens for payment (e.g., DAO tokens)
Creating a gifting economy with Time NFTs
This is the first step in a long journey. However, we know one thing is for sure, this is a future that we will build together, and we’d love for you to be a part of it.
Check out Newt: Aika here: https://aika.market
Check out the code and docs: https://github.com/WeAreNewt/NonFungibleTime
If you’re interested in contributing, join the Newt Discord: discord.gg/newt
LFG, Newts!
NewtNewt Update
We have decided to close the chapter on the Newt experiment and wanted to share next steps and most importantly, celebrate our accomplishments. A year ago, we put together the Newt skunk team as a fun experiment within the Aave Companies to inspire and scale innovation in crypto and form a deeper connection with the broader web3 community. Working alongside external builders, our mission was to ship proof-of-concept apps and share ideas. At the time, we hoped Newt would serve as an inspiratio...
NewtIntroducing re:meme – the on-chain database and source to publish, create, remix, and trace the orig…
We all love memes. They make us laugh, they bring us closer together, and allow us to reflect on the trends unfolding in society. Liking memes is human nature. They’re inside jokes that make us feel a part of a greater community. Once in a while, we come across a meme so funny and so original that we must ask, “where did that meme come from?” and “how can I add to it?” But we don’t know how. Today, we’re launching re:meme, the first on-chain meme remixer -- built on top of Lens Protocol.Like ...
Experiments arm of the Aave Companies
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