Limitations in communication, identity, and ownership will be the catalyst in the global transition from Web2 to Web3.
This growing gap in the market presented an opportunity for us to create a next-gen application for Web3 native users that would become a one-stop solution.
No more switching between different platforms! SendingMe will combine all the features that you use daily, and we are also working on many innovations that will further enhance the user experience.
Why Did We Decide To Build An Instant Messenger for Communities?
We believe that instant messaging is a critical aspect of the way we communicate, and we are creating an easy-to-use web3 instant messenger as our centerpiece.
SendingMe solve many of the Web2 problems (like censorship, privacy, and control that we will talk about below), but we also prepared a variety of features that will allow you to use SendingMe instead of switching between three different platforms.
Web 2.0 Instant Messenger Limitations
The current most popular form of communication is centralized instant messaging apps like WhatsApp or WeChat.
But those apps have many limitations. They benefit from centralization, data collection, and censorship.
They are not built on decentralized infrastructure, and they cannot take advantage of the new technologies that are being developed.
Centralized Control
Just a handful of companies hold the lion’s share of the market, which gives them immense control to shape how we communicate with each other.
This is a major problem because it allows these companies to control the flow of information and silence dissenting voices.
Another huge issue is the fact that those companies essentially own all the personal data and your communication history. They can sell it or buy similar datasets to combine with their own and create your detailed digital profile and track online behavior.
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How Will SendingMe Solve This?
Leveraging blockchain technology, SendingMe will ensure that the users own their data with their social graph stored on-chain securely. Users’ messages will always be stored only on their own terminal, therefore – preventing any centralized breaches or data leaks.
We are building SendingMe because communication should be free and accessible to everyone. We want to create a global platform that respects user privacy and data security.
Trust Vs. Privacy
Web2 scamming is extremely widespread. It is easy for a perpetrator to build trust with the counterparty, and there are little to no consequences.
Creating a fake Twitter profile, buying followers, making a LinkedIn profile, and a templated landing page is enough to establish online authority.
In order to prevent fraudulent behavior, many platforms go overboard when it comes to verification.
But doing extensive KYC comes with its own limitations as unbanked or users from developing countries may have trouble proving their identity and are effectively cut from the market.
So two polar opposite approaches emerge.
On the one hand, some platforms try to verify your real-world identity – so that you can be sure that the person you are dealing with is who they say they are.
On the other hand, some protect your anonymity at all costs – so that you can never be sure who is on the other side.
Web2 has no middle ground for this issue. You are completely giving up your private data to a controlling company in exchange for convenience, or you have to communicate on a slow (and sometimes costly) platform to get a bit of data privacy.
SendingMe Identity Solution
On SendingMe, you can remain anonymous while building a reputation and establishing trust with other users.
Your social graph will be maintained on-chain instead of by one company through the use of your wallet address as your ID, and we will work with 3rd party DApps that report users’ fraudulent behavior.
This way, a public reputation system will be used to track the trustworthiness of users, creating a more reliable and secure ecosystem for everyone.
In addition to that, you will be able to negotiate directly on SendingMe, see mini-shops of others – to review what NFTs they are selling, or even use combinations of NFTs and cryptos to fund your trades.
NFT Trading Limitations
If you have ever traded NFTs, you know that it comes with quite a few issues. Research, communication, and trading are all done on separate platforms.
In addition to that, we have centralized exchanges. They can be shut down, they can block your account, and they take a cut of every transaction!
Illiquidity due to lack of project discovery, insider trading, or customer-to-customer scams that arise from non-exist reputation systems are polluting the NFT industry and making it harder for the holders.
How Will SendingMe Help With NFTs?
SendingMe will help you explore and discover projects, negotiate with reputable users, create mini-shops, rent, trade NFTs, crowdfund your purchases and manage your crypto and NFT portfolios.
The NFT-related features are so robust that we prepared a whole use case just for that! We call it SocialSwap.
What is SendingMe SocialSwap?
SocialSwap is a set of features that will allow you to do all the NFT-related actions on SendingMe! It stands on four main pillars:
Exploration
Finding new NFTs is exciting. But with so many projects and platforms emerging, it is difficult to keep track of everything that is going on – SendingMe will help you with that!
If you are browsing through an NFT exchange (like Opensea) with a SendingMe browser extension, you can jump into a group chat straight from the project that interested you. Also, SendingMe will make lists of the most discussed projects – so you can join in and see what others are talking about.
Trading
SendingMe will have integrations with other DApps (like Sudoswap), allowing us to have a built-in exchange for NFTs so that you can buy and sell securely within the chat!
But the features do not end just at OTC trading. SocialSwap will allow you to crowdfund your purchases, create and participate in auctions, or make airdrops.
We will also offer P2P Escrow, allowing you to chat and trade. No more complicated transactions – buy and sell with one click, directly.
Engagement
You will be able to share, promote and show your purchases. After all, NFT is based on a community, so what better way to show off your favorite assets than engage with other like-minded enthusiasts?
Management
Manage your recent purchases and NFT collections right in SendingMe. We are also working on a built-in price and market analysis tool to help you stay on top of the game.
The idea is to have all the features and tools you need in one place. So you can buy, sell, chat and manage your NFTs with ease!
Social Swap Scenario
Let’s put the previous features into actual day-to-day use.
- Discover new NFT projects (with SendingMe browser extension) and one click to join a group chat on SendingMe!
- Check the seller’s reputation score.
- Bargain with the seller and create a private trading room on SendingMe.
- Trade securely with a built-in smart contract.
This is just the first use case that we are working on for you. There is so much more that we will build inside SendingMe!
Where Do We Go From Here?
This is just the beginning! SendingNetwork is providing an open-source platform with SDKs that can be easily integrated with other DApps. Developers will be able to work on the protocol, create projects and participate in our growth!
Ultimately, we want to empower users with more freedom in a secure environment, and we plan to achieve it by creating an open and decentralized social ecosystem.
This is the first of many publications, and we are constantly adding new features, so make sure to follow us on social media and our blog to stay up-to-date with all the latest news from SendingMe!
