Numbers Protocol

What is Numbers Protocol?

Numbers Protocol is a pioneering project at the forefront of the digital media landscape, aiming to revolutionize the way we authenticate, distribute, and monetize digital content. At its core, Numbers Protocol is the Decentralized Provenance Standard, leveraging blockchain technology to establish immutable records of digital content, ensuring trust, transparency, and accountability in the digital space.

• Decentralized Ecosystem: Numbers Protocol operates within a decentralized ecosystem, allowing individuals and organizations to verify the authenticity of digital assets without relying on centralized intermediaries.
• Immutable Birth Records: Similar to a version control system like Git, Numbers Protocol creates immutable birth records of digital content, tracking changes made over time, thus enabling effective collaboration and content management.
• Mainnet Functionality: The Numbers Mainnet serves as a decentralized repository, securely storing data related to digital assets, including provenance, ownership, and historical records, in a transparent manner.

In the future of AI and digital content, Numbers Protocol plays a crucial role in providing references and ensuring trust in the origin and usage of data. Its Assetization Process facilitates the creation of user-owned and user-controlled content datasets, enhancing transparency and accountability in the digital media ecosystem.

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Recent Video Interview

Main points of the interview:

• Numbers Protocol and Superworld announced a partnership to enhance metaverse experiences.
• Sherry, from Numbers Protocol, discussed integrating blockchain validation for digital content in Superworld.
• Hrish Lotkar, CEO of Superworld, highlighted the importance of authenticating content with metadata like timestamps and locations.
• The collaboration aims to improve user experience by linking real-world and virtual content, enhancing content authenticity and protection.

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Overview of Numbers Protocol

• Project History: Founded in 2019, Numbers Protocol has addressed critical issues in digital media, including misinformation and copyright distribution, with notable use cases such as Reuters coverage of the 2020 US Presidential election and cataloging war crime evidence in Ukraine.
• Numbers Mainnet: Launched in December 2022, Numbers Mainnet represents a significant milestone, offering improved efficiency, stability, and reduced costs for ensuring the provenance of digital media.
• NUM Token: As the native token of Numbers Protocol, NUM facilitates various functions within the ecosystem, including governance, incentivizing content verification, and serving as digital currency for ecosystem transactions.

Problem and Solution

In the rapidly expanding digital content economy, traditional systems face inefficiencies and limitations. Web2 lacks a clear, organized infrastructure to support the growing demand for digital content. Web3 presents significant advantages, including decentralized storage, crypto payments, and NFTs for ownership and distribution. However, a crucial missing piece is a universal identification system for digital content provenance.

Numbers Protocol fills this gap by offering a universal system to identify digital content, verifying authenticity and tracking origin securely on the blockchain. Its network comprises URL pointing, immutable provenance records, and content verification mechanisms, ensuring both traceability and accessibility of digital content.

Use Cases

Numbers Protocol addresses authenticity and ownership issues in digital media across various use cases, including news coverage, preserving evidence, and supporting the creator economy. Its transparency and verifiability enhance copyright protection, fair distribution of royalties, and ownership tracking.

NumbersDAO

The NumbersDAO empowers community-led governance, allowing members to participate in decision-making processes, resolve disputes, and ensure the protocol's fair and transparent governance.

NumbersDAO members commit to a policy of respect, kindness, and focused discussion, ensuring a constructive and inclusive environment for governance and collaboration.

Investors and Partners

List of Numbers Protocol's investors: Protocol Labs, Binance, Race Capital, Youtube, Farfetch, Twitch, and Outlier Ventures.

List of Numbers Protocol's partners: Google News Initiative, NVIDIA, Farfetch, The Alan Turing Institute, Filecoin, King's College London, and Instill AI.

Project Development

In Q1 2024, Numbers Protocol conducted its 9th quarterly Burn & Buy-Back plan, removing 6,000,000 NUM tokens from circulation, reducing the total supply to 593,544,975 NUM. Burnt tokens were collected from various sources and withdrawn from Liquidity. The plan continues until 100% of NUM (500M) is burnt, with updates provided in quarterly reports. The burn summary indicates 6,000,000 NUM tokens burnt for transactions, with approximately $1M USD in value. Transaction details from December 27, 2023, to March 26, 2024, are provided. Tokens pledged for the 7th DAO voting in April 2024 will be burnt in the next quarter. More information on the burn mechanism is available on GitHub.

Numbers Protocol Price Analysis

As of November 25 2024 Numbers Protocol has a marketcap of $44M. This is {{percentagefromath}} from its all time high of $2.52. In terms of its tokenomics, there's a total supply of 710M with 99% currently outstanding. Keep in mind Numbers Protocol has a fully diluted value of $44M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.