RSS3

What is RSS3 Network?

The RSS3 Network is a decentralized platform designed to facilitate the unrestricted dissemination of information across the Open Web. Anchored on the principles of openness and decentralization, it aims to empower users and developers alike by providing a robust infrastructure for managing and accessing open information. At its core, RSS3 operates with two distinct sublayers: the Data Sublayer (DSL) and the Value Sublayer (VSL), each serving critical roles in the network's ecosystem.

RSS3 Network - The Open Information Layer

The RSS3 Network is structured into two primary sublayers: the Data Sublayer (DSL) and the Value Sublayer (VSL). The DSL manages the lifecycle of open information, encompassing indexing, transformation, storage, dissemination, and consumption. It operates on the RSS3 Protocol, a standardized framework that enhances interoperability across diverse data sources and applications. The VSL, built on an Ethereum Layer 2 blockchain with NEAR as its Data Availability layer, focuses on managing value derived from open information activities, fostering a robust ownership economy within the network.

RSS3 Protocol

The RSS3 Protocol underpins the network's operations, providing a structured approach to managing and disseminating open information. By standardizing data structures and formats, it enables seamless interoperability across permissionless data sources, supporting a wide array of applications from AI training to social media platforms and search engines.

Current Mainnet Stage

At its current Alpha stage, the RSS3 Network Mainnet is actively evolving with planned updates and improvements. This stage allows for iterative development and community feedback to refine the network's functionality and scalability.

Data Sublayer

The Data Sublayer within the RSS3 Network plays a pivotal role in managing the lifecycle of open information. From initial indexing to final consumption, it ensures efficient storage, transformation, and dissemination of data. This sublayer supports a diverse range of applications by providing a unified framework for handling and processing information across various digital environments.

Value Sublayer

The Value Sublayer (VSL) within the RSS3 Network is designed to manage and facilitate value transactions derived from open information activities. Built on an Ethereum Layer 2 blockchain with NEAR as its Data Availability layer, the VSL serves as a critical component in establishing a sustainable ownership economy for the network. Key aspects of the VSL include:

• Blockchain Infrastructure: Utilizes Ethereum Layer 2 for scalability and cost-efficiency.
• Data Availability: Implements NEAR Protocol to ensure secure and decentralized data storage.
• Value Transactions: Facilitates microtransactions and value exchange within the RSS3 ecosystem.
• Tokenomics: $RSS3 token serves as the native utility token, incentivizing network participation and governance.
• Economic Incentives: Rewards node operators, validators, and contributors to maintain network integrity and growth.

Through these mechanisms, the Value Sublayer enhances the economic viability and sustainability of the RSS3 Network, enabling participants to engage in value creation and exchange securely and efficiently.

AI and Information Freedom

Inspired by the original RSS protocol, RSS3 Network is committed to promoting AI and information freedom on the Open Web. By democratizing access to vast amounts of open information, the network empowers developers to innovate and create applications that leverage AI for enhanced user experiences and data insights.

Community and Ecosystem

The RSS3 Network thrives on community participation and ecosystem development. It encourages individuals and organizations to run nodes, contribute to protocol enhancements, and build applications that harness the network's capabilities. Through collaborative efforts, RSS3 aims to expand the boundaries of what is possible on the Open Web, fostering a decentralized and inclusive digital environment.

Project Development

RSS3 Network is excited to announce the launch of the RSS3 Beta Mainnet, a significant step towards building a decentralized Open Information network. The network's metrics are impressive, with the Value Sublayer (VSL) holding over 556M $RSS3 in Total Value Locked (TVL), more than 3.9M VSL transactions, and over 2B queries processed by the Data Sublayer (DSL).

The Beta Mainnet introduces Public Good Nodes, which are fully open-source and can be accessed on GitHub. Deployment of these nodes is permissionless and can be initiated via the RSS3 Explorer. These nodes support public goods, and all rewards are allocated to a Public Good Pool to aid independent builders.

Delegators can entrust $RSS3 to Beta Nodes, with tokens managed in a collective Public Good Pool. Previous DSL versions will be sunset in favor of the new decentralized infrastructure. This launch marks a major milestone in creating a truly decentralized Open Information network.

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RSS3 Price Analysis

As of November 25 2024 RSS3 has a marketcap of $83M. This is {{percentagefromath}} from its all time high of $0.687355. In terms of its tokenomics, there's a total supply of 1B with 67% currently outstanding. Keep in mind RSS3 has a fully diluted value of $123M 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.