2021 in Review: From a bounty side project to a successful Web3 startup

2021 in Review: From a bounty side project to a successful Web3 startup

2021 has been an incredible year for KYVE. This past year, we introduced the solution to the world, collaborated with great partners, and iterated a lot to have today a fully functioning protocol in testnet. It is time to rewind and celebrate our success together!

What is KYVE today?

KYVE is a next-generation protocol that enables data providers to store and reliably verify their data streams seamlessly. Once data is stored, it can easily be retrieved using KYVE’s query interface. KYVE’s validation andArweave’s immutability, combined, guarantee data integrity towards downstream users.

Arweave

Today, the protocol includes four main features:

Uploaders fetch data from a source and perform computational work before storing it on Arweave.

Validators determine the integrity of the data and have the ability to vote on the slashing of an uploader’s stake if terms are not respected.

Funding gives access to the data. The benefit of this funding-based system is that indexers can now restrict access to our data based on which accounts are funding.

Users can delegate their $KYVE tokens and earn rewards from the protocol without running nodes.

Today we are proud to have released nine active pools withAvalanche,Moonriver,Cosmos,Celo,Solana,Evmos EVM,Evmos Tindermint,Near, andAurora.

Avalanche

Moonriver

Cosmos

Celo

Solana

Evmos EVM

Evmos Tindermint

Near

Aurora

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The Community

The main marketing objective of 2021 was to increase KYVE’s brand awareness and social media presence. Today we are super proud to have a strong community of more than 27,000 members. Our main channels,Twitter,Discord, andTelegram, have had an average monthly growth of 84%!

Twitter

Discord

Telegram

We achieved this growth by:

We worked closely with our integration partners and launchedco-marketing initiativesto educate both communities around KYVE. We launched a#WeAreKYVEcampaign on Twitter and answered some burning questions from a question from the audience. We also implemented anew websitewith a fresh brand identity and improved explanations.

co-marketing initiatives

#WeAreKYVE

new website

The team attended two major crypto events, ethCC in Paris and Solana Breakpoint in Lisbon, and evangelized the importance of making data trustless and how KYVE is helping.FabianandJohn, KYVE’s founders, also participated in two podcasts,Permaweb PioneersandJournal du Coin.

Fabian

John

Permaweb Pioneers

Journal du Coin

Finally, we launched the Ambassador Program. We received more than 250 applications in less than two weeks and are honored to have more than 30 KYVERS from different world regions. Since the program started, the ambassadors have shown us nothing but love and support, and we are thankful!

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What comes next?

The much-anticipated, incentivized testnet will be launched in the upcoming weeks with cool features such as an explorer feature and new integrations with blockchain projects.

We are also looking to increase our presence in crypto events by attending and sponsoring them. Our presence is already confirmed atethDenver, so reach out if you are around.

ethDenver

As we enter 2022 with many projects to tackle, new features to implement, and important milestones to achieve, such as mainnet launch, the team is more determined than ever to make KYVE a success. 2022 will be a defining year for KYVE, and we are looking forward to it with the support of our fantastic community.