こんにちは @ethglobal.lens Tokyo! 🇯🇵

@aavegrants.lens will have 3 main prizes for GHO and Aave with $10k up for grabs!

🥇 1st $5k

🥈 2nd $3k

🥉 3rd $2k

For those taking part in the hackathon here are some ideas to get those creative chops going! 👻

@gho.lens is designed for internet people.

With that in mind, we'd love to see you build utility around the future of payments on the web.

• You could create an app or plugin to pay with GHO anywhere.

• Imagine using GHO to buy your favorite beverage.

• Create a convenient payment platform with GHO where you can enjoy fast and secure transfers with just a few clicks. Say goodbye to time-consuming payments!

• Build a tool that uses Account Abstraction with GHO to allow users to pay gas fees with GHO, and has rebates. E.g., if the gas used is more than GHO paid, users can claim a rebate or pay it forward.

• Construct new DeFi yield strategies and opportunities for GHO and the entire DeFi community.

• Create a chargeback (direct debit) network for GHO where any user can charge an account with a set amount of GHO. GHO would then be transferred immediately but not unlocked until a set period of time passes. During this time, anyone can dispute the function if they have a balance

This is our first hackathon for GHO and we can't wait to see what you build this week.

Dive into the dev docs for GHO here: docs.gho.xyz/developer-docs/overview

We also want to see what devs can do with the power of Aave V3, our most significant upgrade of the Aave Protocol.

• You could build an Aave Forex tool where you can short assets. Enhance the ability of users to access forex liquidity by using one or all of eMode, flash loans, and other DeFi integrations such as @curvefinance.lens.

• Create a ChatGPT-powered risk manager for Aave utilizing OpenAI plugins to create an innovative experience for DeFi users with this leading-edge technology.

• Create a new debt swap feature. Right now you can swap your collateral from one asset to another but imagine if you built a feature for swapping debt from one asset to another.

• Utilize ZK proofs for critical vulnerabilities while not disclosing the vulnerability, i.e. prove there’s a vulnerability to the DAO so they can vote on it informed but not actually say what the vulnerability is.

• Imagine a Health Factor simulator UI component that displays a price slider per each collateral and borrowed asset, so you can simulate prices and see how your Health Factor changes under those conditions. Allowing you to take informed decisions to mitigate liquidation risks.

Dive into Aave V3 Dev docs here: docs.aave.com/developers/getting-started/readme

Make sure to catch @jessglover.lens and @miguelmtz.lens on April 14th at 7 PM JST in the Toranomon Hills Forum, 5th Floor | Workshop Room 1, for a GHO Hackathon Workshop.

These are just a few ideas to get you started on your hackathon project.
Reach out to @nader.lens and @jessglover.lens for any questions on the ground in Tokyo.

Big news: Sound will soon be open to all artists 🔊

We always promised to build an open platform.

Now we’re getting close…

A thread 👇

From day one we promised that Sound would eventually open to everyone. 

All artists should have access to the best Web3 tools.

We’ll have more details soon, but today we wanted to give you some transparency on the thought process behind opening up…

🔶 The tl;dr

Before Sound opens, we need to make sure everything is ready:

1. Smooth onboarding process

2. Building features for a mass audience.

3. Battle testing the platform.

4. Do things that don’t scale.

5. Verifying audio ownership

6. Thank you for being patient 🙏

Let’s go through them…

🔶 1. Smooth onboarding

So far we have personally onboarded all 400 artists one-by-one on video calls. By doing this we learned all the pain points and deeply understood who we are building for.

Now we can turn that process into seamless onboarding for all artists.

🔶 2. Building features for mass audience

We are thinking big. Sound needs to be ready for millions of music fans and tens of thousands of artists. That means building features that work at scale, such as:

🔹Simplifying the user experience

Email sign-ups

Credit card payments

Mobile app

🔹Building a discovery layer

Better ways to discover music on Sound beyond the first 24-hours of a drop.

And the ability to browse through thousands of artists.

🔹Sustainable drop methods

Offer an alternative to the ‘sellout’ mentality.

We wanted to give artists a sustainable, long-term way to sell their music, which is why we built Sound Swap.

These features are rolling out to all artists over the coming weeks.

🔶 ​​3. Battle testing the platform

To get to the point where we’re ready for millions of music fans, we needed to stress test every part of the platform and iterate fast.

Working closely with a curated group of artists allowed us to do that and get feedback in real time. Together we’ve experimented with hundreds of features and honed the product until it's ready.

We figured out what works.

What didn’t work.

We refined it.

Now we can roll it out to everyone.

🔶 4. Doing things that don’t scale

A core principle of building a startup is doing things that don’t scale.

We onboarded every artist with a white-glove service.

We hosted daily Twitter Spaces to showcase artists.

We tweeted about every drop.

We spoke to artists and collectors every single day.

All of these things were essential for kickstarting the flywheel. Now there’s enough momentum that Sound can accelerate on its own.

🔶 5. Verifying audio ownership

Opening up Sound will bring new challenges for our team… For example, what happens if someone uploads music that doesn’t belong to them?

We’ve been building tools to counter this problem (such as audio footprint technology). We also wanted to focus all our resources on the core product rather than fighting legal issues at such an early stage.

🔶 6. Thank you for being patient

We know that hundreds of artists have applied to Sound and waited patiently. We hear your feedback about decentralization. Trust that we’ve been working towards this from day one and we’re nearly there.

Within three months every artist will have access to Sound and all our artist tools. The next era of music NFTs is coming. Thanks for coming on this journey with us.

Exciting news, folks! We've teamed up with @kaira.lens to bring you an amazing opportunity! As a proud Holder of a @lensgardennft.lens, you now have a chance to grab one of 40 WL spots that were provided by @kaira.lens 🥳! Comment below and tell us why you need the WL! 👀

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