Launching quests on Galxe

To make our product as convenient and understandable as possible for all users, we have launched several quests on the Galxe platform. These quests are created with a dual purpose: firstly, to help you, our esteemed audience, better understand how to use the NFT Protect protocol. Secondly, to provide our project team with valuable feedback that will help make our product even more efficient and user-friendly.

Awards for participating

Each participant who completes our quests will be rewarded in a special way. In addition to gaining practical experience and knowledge of protocol usage, quest winners will receive coupons for free protection of their digital assets. But that's not all! We will also consider participation in quests as part of future project activities. Participants may receive an exclusive NFT, which could become particularly valuable and useful in the future.

First Quest: Protect your NFT!

Instructions

1. Visit the official website: https://dev.nftprotect.app/

2. Connect your cryptocurrency wallet: Choose your preferred wallet (Metamask or Wallet Connect) and network (Sepolia) and confirm your selection.

3. Select an NFT to protect: After connecting your wallet, the application will display all your digital assets. Choose the one you want to protect.

4. Protect your NFT: Click the "Protect NFT" button below the selected asset.

5. Grant access: You must allow the protocol to access your NFT and pay the corresponding fees.

6. Confirm the protection: Approve the transaction and receive your pNFT!

7. Finish the quest. Go to the Galxe Campaign page and verify that you are now a proud owner of Protected NFT.

How to get testnet Ether?

To perform certain actions within the quest, you will need testnet ether. You can obtain it by visiting Faucet sites such as Sepolia Faucet and following the instructions on the website.

Second Quest: Open a dispute in Kleros!

What is Kleros?

Kleros is a decentralized protocol for dispute resolution. Its mechanism allows community members to act as jurors and decide on various issues arising within decentralized applications and platforms. Kleros uses a combination of game theory and blockchain incentives to ensure jurors act honestly and make impartial decisions. In essence, jurors are incentivized to vote coherently with the majority, assuming that the majority is honest. Those who vote incoherently can lose a stake they place to participate, ensuring that they have skin in the game and are motivated to judge fairly. You can read more about Kleros here.

In the context of NFT Protect, Kleros plays a key role by providing means for efficient and fast resolution of disputes related to digital assets. Through integration with Kleros, our users can be confident that any issues or discrepancies will be objectively and fairly addressed.

Instructions

1. Complete the first quest.

2. Send pNFT to an incorrect address: You can use any application or platform for this, such as OpenSea.

3. Return to the website: https://dev.nftprotect.app/

4. Open a dispute: Click the "Open Dispute" button below the transferred asset.

5. Specify the reason: In the window that appears, select "Sending to incorrect address.”

6. Attach evidence: Provide confirmation of your transaction.

7. Pay the fees: Pay the fees for reviewing your case.

8. Finish the quest. Go to the Galxe Campaign page and verify that you are now a proud Decentralized Dispute Resolution system user!

If you have any questions as you progress through the quests, we have a detailed article in the documentation that can help!

After completing all the quests, you will receive a special NFT, which will be valuable in future events, and you will also receive some of the NFT Protects coupons for free protection in the future!

Conclusion

At NFT Protect, we believe in the power of community. Your opinions, feedback, and suggestions play a key role in the development of our product. These quests are not only an opportunity to learn more about the protocol's work but also a chance to contribute to shaping the future of digital security in the world of NFT.

We invite everyone to join the quests, share their experiences, and protect their digital assets with NFT Protect. Together, we will make the NFT world more reliable and secure!

What else could you do?

• Check out the MVP

• Read the documentation

• Dive into our Testnet Guidelines

• Look through the codebase and provide comments and feedback on GitHub

• Provide feedback and discuss ideas in Discord or via Feedback Form

• Follow @nftprotectapp on Twitter

• Check quests on Galxe.

When we talk about decentralization, we no longer mean revolution; only an evolutionary approach has proven effective over a long distance. Today, far fewer people are betting on the emergence of radically new institutions. Instead, DeFi aims to solve existing problems by offering more efficient approaches to areas traditionally suffering from opacity and corruption.

And it's not just about finances. Today, we are talking about decentralized identifiers, prediction markets, and autonomous organizations. All of these are now referred to as DeSoc or Decentralized Society. While DeFi aims to build a more accessible, transparent, and efficient financial system, DeSoc aims to improve society and its institutions.

Decentralized Courts Concept

Banks guard the centralized financial system, which acts as intermediaries in financial operations and courts, overseeing the enforcement of agreements and supervising disputes. In DeFi, numerous protocols already provide banking services in a decentralized manner, so it would not be very smart to think that the judicial system would not have a decentralized counterpart.

Interestingly, in the "real" world, the court, or the decision-making process, has long been quite decentralized. The jury system is an example of "autonomous decentralization," where the social construct transitions from a centralized form to a decentralized one, seen as more efficient. A lone and public judge could be bribed, intimidated, or simply given instructions from "above." It was much more difficult to manipulate the collective opinion of several anonymous jurors. The collective judgment of representatives from different walks of life often leaned towards fairness, being more objective and less biased than a decision made by one person.

Applying a similar logic to the blockchain, at first glance, raises no questions - select anonymous jurors to collect their anonymous responses to clearly formulated questions and then transmit the data on the decision reached to a smart contract.

However, some unforeseen pitfalls may arise when you delve into it. Despite multiple attempts to establish a decentralized judicial system, only one project has yet to achieve success thus far.

Founded in 2017 and inspired by the game theory research of Nobel laureate Thomas Schelling, the Kleros project was created as a blockchain-based platform for resolving disputes. Its goal was to utilize smart contracts to enforce court decisions automatically.

How does all this work?

Game theory, of course! Kleros involves creating a judicial system consisting of a general court and specialized sub-courts, within which their own "laws" - specific rules for dispute resolution, session time limits, cost of dispute resolution, number of jury members, and so on - apply.

Anyone purchasing $PNK tokens on the exchange can stake them in any available courts and become a candidate for jury duty. If selected as a juror, they can make decisions in cases. The fairness of the jury's decisions is ensured through a special system based on the concept of "Schelling points" (or "focal points"), developed by Thomas Schelling, who received the Nobel Prize in Economics in 2005 and first introduced this concept in his book, The Strategy of Conflict (1960).

Schelling Points

A Schelling (or focal) point is a "solution that people tend to use to coordinate their behavior (in the absence of communication between parties or in a situation where neither party can be sure of the truthfulness of the other party's statements), as such a solution seems natural or relevant to them."

Building on this concept, Vitalik Buterin proposed creating a multi-layered system with a randomly selected jury sitting in a decentralized judicial system with special economic incentives to ensure the adoption of a fair decision. In dispute resolution, jury members will vote fairly because they anticipate that other jury members will do the same.

One crypto-institution that would be very useful for a large set of different applications is a mechanism by which a user could ask a question, expressed in the form of English text, and have a decentralized mechanism, perhaps based on schellingcoin, Martin Koppelmann’s ultimate oracle, subjectivocracy (a very similar concept to slock’s DAO splitting) or some other scheme with similar properties determine the answer, and then send a callback and a log to the user who asked the question. To achieve scalability, a multi-stage scheme where only a few randomly selected judges look at each question by default, and are incentivized by the threat of a larger “supreme court” contradicting them, is probably optimal.

Economic Motivation

In this system, jurors who decide against the majority face heavy penalties and lose a portion of their deposit. This lost deposit is then redistributed among more successful competitors. As a result, only participants who consistently deliver fair verdicts should remain in the system, while those who consistently vote "incorrectly" will gradually be phased out.

Jurors are not randomly selected. The probability of being selected as a juror for a specific case depends on the size of their stake in special tokens called PNK. Any participant in the exchange can acquire these PNK tokens. A larger stake in PNK tokens increases the likelihood of being chosen as a juror. This creates an economic incentive for participants to be more active and honest in the system. People expect acceptable and fair behavior from other participants by investing resources in these tokens. Thus enabling the use of Kleros as a universal arbitrator for decentralized justice.

As Federico Ast, the Founder of Kleros, emphasizes in his vision of the future of Kleros:

This is why a type of a Supreme Court mechanism is a key part of blockchain governance. And Kleros can provide this layer, which makes sure that initiatives voted by a community comply with their Constitution. [...] Kleros can play this key role in the future of blockchain governance: a Decentralized Supreme Court for the Internet. Of the people, by the people, for the people.

Collaboration with NFT Protect

Before we conclude, it’s essential to highlight the collaboration between NFT Protect and Kleros. One might wonder why NFT Protect uses Kleros. The answer lies in the robustness of Kleros’s decentralized judicial system, which aligns with NFT Protect’s mission to provide secure and fair solutions in the NFT space.

Denis Smirnov, founder of NFT Protect, has mentioned:

NFT Protect collaborated with Kleros due to its proven record of delivering fair and objective decisions. Based on game theory and economic incentives, Kleros's decentralized courts model ensures high integrity and reliability in dispute resolution. This alignment of values and principles made Kleros the preferred choice for NFT Protect.

Conclusion

Currently, Kleros solutions are being utilized across various industries. NFT Protect is one of the possible solutions. The others aid in tracking the addresses of hackers (for instance, the labels seen under addresses on Etherscan are provided by Kleros) and verifying identities in the Proof-of-Humanity protocol. Kleros also handles insurance claims following protocol hacks in Unslashed Finance and bridges prediction markets like Omen with the real world. Moreover, Kleros has a long-standing history of facilitating token listings on the Ethfinex exchange. Furthermore, there have been instances where traditional jurisdiction courts have recognized decisions made by Kleros.

With the increasing popularity of the DeSoc concept, we can anticipate an explosion of protocols utilizing decentralized dispute resolution models to address a wide array of problems.

Want to know more?

• Check out the MVP.

• Read through the documentation.

• Dive into our Testnet Guidelines.

• Look through the codebase and provide comments and feedback on GitHub.

• Provide feedback and discuss ideas in Discord or via the Feedback Form.

• Follow @nftprotectapp on Twitter.

• Check quests on Zealy.

In an era where the digital landscape is undergoing a seismic shift, the promise and potential of NFTs are becoming increasingly evident. But with great potential comes great responsibility. The question of securing these digital assets has never been more pressing. The question of securing these digital assets has never been more pressing. Enter NFT Protect: your trusted guardian in the digital realm. Today, let’s dive deeply into how NFT Protect secures your digital assets.

Web3 Innovations: Crafting a Digital Safe Haven

Web3's decentralized nature promises transparency and security. At NFT Protect, we tap into this innovative space, crafting solutions that shield your NFTs from potential threats, ensuring they're more than just assets—they're treasures guarded with diligence.

Why is NFT Protect Necessary?

The digital world is full of opportunities, but it also poses challenges. The recent popularity of NFTs has brought about new issues related to security, ownership, and transfer. Traditional systems are struggling to address these complexities, but NFT Protect offers a solution and a sense of hope.

The digital asset ecosystem is vulnerable to various risks such as misplaced assets, phishing attacks, and unintentional transfers. NFT Protect offers solutions to these challenges and actively works to prevent them. Our protocol is more than just a safety net - it is a robust defense founded on innovation, trust, and security. With NFT Protect, you can enjoy a seamless, secure, and worry-free digital journey.

How NFT Protect and Decentralized Court Stand by You

NFT Protect allows you to protect your digital assets by putting them in self-custody storage and issuing a protected version - the pNFT. While your original NFT remains in your self-custody, safe and sound, the pNFT interacts with the wider digital realm. This approach ensures that the original asset's sanctity is never compromised, providing an additional layer of security as the storage is controlled only by you and a decentralized court.

Decentr

alized dispute resolution is a cornerstone of NFT Protect. In collaboration with Kleros, a leading decentralized court system, our protocol ensures that every claim is thoroughly evaluated, offering justice in the vast digital realm. Here's how this synergy plays out in various scenarios:

1. Lost Your pNFT Due to a Phishing Attack?

   Being a victim of a phishing attack can be a harrowing experience. If your pNFT gets compromised this way, NFT Protect acts much like a real-world lawyer. We help you open a case in the decentralized court, helping gather essential evidence and detailing the situation. Jurors in the decentralized court then review the evidence. Once they validate the phishing attack, the maliciously acquired pNFT is destroyed directly in the attacker's wallet, and the original NFT is returned to its rightful owner.

2. Lost Your pNFT Due to a Protocol Breach?

   Experiencing a loss due to a protocol hack can be deeply unsettling. If such an attack causes you to lose your pNFT, NFT Protect is here to advocate for you. We guide you in opening a case in the decentralized court, assisting in gathering crucial evidence and outlining the incident. If the breach is confirmed by a trusted third party, such as through a public breach post-mortem, the case can be expedited and resolved much quicker. Once the jurors in the decentralized court assess and validate the breach, the ill-gotten pNFT is terminated in the hacker's wallet, ensuring the original NFT is safely restored to its rightful owner.

3. Sent pNFT to an Incorrect Address?

   Accidents can happen in the digital realm just as in the real world. If you inadvertently sent your pNFT to an unfamiliar address, NFT Protect is your supportive ally. We help you initiate a decentralized court case, assemble the necessary evidence, and clarify the oversight. Additionally, NFT Protect helps verify that the address you sent the pNFT to is incorrect. After the jury reviews and confirms the unintentional transfer, the misdirected pNFT is neutralized at the unintended address, and the original NFT is promptly returned to you.

Our symbiotic relationship with Kleros assures that every claim, irrespective of its nature, undergoes a thorough and unbiased examination. It's our unwavering commitment to fairness and justice in the digital sphere. The NFT Protect team has put significant effort into developing robust policies for case handling, ensuring that they are treated with utmost fairness and impartiality. With a strong focus on transparency and accountability, we have worked diligently to establish a framework that guarantees the equitable resolution of disputes.

Forge Ahead with NFT Protect

The expansive digital realm holds great appeal, but it also presents challenges. With NFT Protect as your trusted partner, you can confidently embark on your journey, knowing that your pNFTs are protected, and any disputes will be resolved fairly.

Want to know more?

• Check out the MVP.

• Read through the documentation.

• Dive into our Testnet Guidelines.

• Look through the codebase and provide comments and feedback on GitHub.

• Provide feedback and discuss ideas in Discord or via the Feedback Form.

• Follow @nftprotectapp on Twitter.

• Check quests on Zealy.

Today, we are excited to share a significant milestone in our journey to strengthen the digital frontier. We are proud to announce the release of our testnet version (MVP) of NFT Protect for public exploration.

Why NFT Protect?

While the NFT ecosystem has unlocked unparalleled opportunities for creators, collectors, and investors, it has also introduced unique challenges. The digital landscape is fraught with potential pitfalls, from phishing attacks and social engineering tactics to accidental transfers. In this scenario, NFT Protect emerges as a beacon of hope, offering a decentralized, non-custodial protocol to shield your digital assets from these threats.

How Does NFT Protect Work?

NFT Protect operates as a self-custody protocol, ensuring users maintain complete control over their assets. We cannot access users' assets, reinforcing our commitment to decentralization and user autonomy.

When you choose to safeguard an NFT through our platform, it undergoes a "wrapping" process. This encapsulates your original NFT within a "Protected NFT" shell with advanced security features. This protective shell can be invalidated in case of unauthorized access, rendering the NFT valueless to potential thieves. This transparent, blockchain-verified process ensures that your digital assets remain under a robust security umbrella while you retain full custody.

Decentralized Dispute Resolution: The Heartbeat of NFT Protect

At the heart of NFT Protect lies our commitment to Decentralized Dispute Resolution (DDR). This system is pivotal as it ensures that any disagreements or issues related to asset ownership, theft, or other disputes are resolved transparently, efficiently, and without centralized intermediaries.

Traditional dispute resolution mechanisms often involve lengthy processes, high costs, and potential biases. In contrast, DDR leverages blockchain technology's and community consensus’s power to arrive at fair and unbiased outcomes. This decentralized approach expedites the resolution process and ensures it remains transparent and tamper-proof.

NFT Protect has integrated with Kleros, a recognized and respected platform in the decentralized justice space. Kleros employs a system of crowd-sourced jurors who review evidence and make rulings on disputes. These jurors are incentivized to judge fairly and correctly, as they stake tokens that can be lost if their decision is deemed incorrect by their peers.

By leveraging the Kleros protocol, NFT Protect ensures that disputes related to protected NFTs are handled with the utmost integrity and fairness. This collaboration exemplifies our dedication to providing users with a robust and trustworthy environment for their digital assets.

The Advantages for the NFT Ecosystem:

1. Transparency: Every step of the dispute resolution process is immutable and recorded on the blockchain.

2. Efficiency: Decentralized courts expedite dispute resolutions, ensuring swift justice.

3. Fairness: The decentralized jury system minimizes the potential for biased decisions, ensuring equitable outcomes.

Why Participate in the Testnet?

The testnet phase is a crucial step in the development of any protocol. It provides an environment for users to interact with the platform, identify potential issues, and offer feedback for improvements. Participating in the NFT Protect testnet, you're helping shape the platform's future and position yourself to reap potential benefits. Early testers and contributors may receive exclusive benefits from the protocol in the future. Additionally, participants can earn unique badges and limited-edition NFTs as a token of appreciation for their contributions during the testnet phase.

How to participate:

• Check out the MVP.

• Read through the documentation.

• Dive into our Testnet Guidelines.

• Look through the codebase and provide comments and feedback on GitHub.

• Provide feedback and discuss ideas in Discord or via Feedback Form.

• Follow @nftprotectapp on Twitter.

• Check quests on Zealy.

The testnet launch is just the beginning. As we gear up for the mainnet release and beyond, we invite you to be an integral part of this journey. Let's usher in a new era of trust, transparency, and security in the NFT space. Your digital assets deserve nothing less!

Introduction

The digital asset market has experienced enormous growth, and this trend is expected to continue in the future. Despite facing some obstacles, the market has moved forward thanks to the adoption of blockchain technology. More companies and individuals recognize the benefits of a decentralized economy, indicating the direction in which we are headed. This shift towards decentralization will provide users with a new level of security and open new opportunities for innovation and creativity. As the market expands, we can expect new and exciting developments to emerge, transforming how we think about and interact with digital assets.

The NFT industry is a rapidly growing sector representing the frontier of the decentralized economy, leading to a fundamental shift in how we think about value and ownership. NFTs, non-fungible tokens, are unique digital assets secured on a blockchain. This allows for decentralized and transparent ownership and transfer of these assets.

These tokens can bridge the gap between physical and digital reality, providing the next billion people a means to participate in decentralized finance (DeFi). NFTs can represent ownership of anything from art to virtual real estate, offering a new level of value creation that continues pushing the digital economy's boundaries. As the NFT industry matures and innovates, we can expect even more exciting and transformative use cases for these unique digital assets.

Challenges of the Digital Market

Although there are numerous advantages to the decentralized economy and the NFT market in particular, both existing and new participants face a multitude of challenges and complexities.

• The market is unfortunately filled with fraudsters who prey on people's trust and take advantage of their lack of knowledge in certain areas. It is important to take steps to protect ourselves against these malicious actors. However, the current mechanisms to prevent theft and hacking are not always adequate. There is still much work to be done to create a safe and secure market for everyone involved.

• The cost of mistakes in DeFi is incredibly high, as users bear full responsibility for their actions. Therefore, it is essential to create products that will, by design, prevent most users from making such mistakes or provide the ability to revert them. Implementing mechanics such as account abstraction, social recovery, and decentralized dispute resolution will reduce the price of mistakes so that the industry can attract a new audience without compromising decentralization. Furthermore, we must ensure that users have all the necessary knowledge and resources to make informed decisions. This can be achieved through education and training programs that provide clear and concise information about their actions' potential risks and consequences.

• In his article, "The sorry state of crypto UX", Luis Cuende, founder of Aragon, explains the difficulties of creating a market for digital services. Many user interfaces are created by developers for developers and are too technical and difficult for the average person to use. This hinders the user experience and makes the interface less accessible. To prevent this, it's important to consider the end user's needs when designing an interface. This ensures that the interface is easy to use and navigate for people who aren't technology experts.

To promote the efficient development of the digital asset market and attract new audiences, it is essential to create products that increase security levels while simplifying interactions with digital assets. Furthermore, these products should be transparent and secure without compromising decentralization and safety.

Our Solution: NFT Protect

NFT Protect is a decentralized, non-custodial protocol that secures digital assets from theft, phishing attacks, social engineering, and accidental transfers. By utilizing Protected NFT technology and decentralized dispute resolution layers, NFT Protect provides a robust self-custody solution for digital asset owners, enabling them to confidently manage and transfer their assets with the assurance of protection.

The importance of social recovery

For centuries, we have relied on social mechanisms to protect people as long as there is a functioning system of executive power in place. However, in DeFi, smart contracts handle execution more effectively than any police force could. Despite this, social mechanisms are not as widespread, even though Web3 advancements make them much more effective than their real-world counterparts.

Decentralized dispute resolution systems offer significant advantages over traditional methods, thanks to their transparency, cost-effectiveness, and the use of Schelling points. Schelling points represent outcomes people naturally gravitate towards when seeking consensus without direct communication. In decentralized dispute resolution, participants rely on these focal points to reach fair and unbiased outcomes. By leveraging Schelling points and incorporating social mechanisms into DeFi, decentralized systems provide a more secure, efficient, and equitable solution for resolving disputes in the digital asset market.

Protected NFTs

The concept of "protected NFTs" - wrapped tokens that can be burned in case of theft, as ruled by an external arbitrator - could bring additional security to the digital asset market.

Imagine being able to legally take action in case of theft or loss of digital assets, just like in the physical world. However, unlike in the physical world, where there is no guarantee that you will recover your assets even if you win the case, cryptography and decentralized dispute resolution systems are in place to safeguard your assets and ensure fair decisions.

The mission to achieve!

The mission of NFT Protect is to safeguard people from losing their digital assets and make the digital asset market safer and more reliable, increasing trust and attracting new users.

Join us in our mission to secure digital assets in the Web3 era. Whether you are a developer, entrepreneur, or digital asset owner, there are multiple ways to get involved. For example, you can learn more about NFT Protect and similar protocols, contribute to developing safe and user-friendly products, or spread the word about the importance of digital asset security. Together, we can create a more secure and transparent digital asset market and promote the growth of the decentralized economy. So take action now, and let’s shape the future of digital asset ownership together!

P.S. We consider this Manifesto to be in the alpha stage, and we look forward to the community's feedback to evolve it over time into a definitive version. You can read the original manifesto here.