yi

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Description

yi digitally replicates rivalry and excludability in blockchain systems via zero-knowledge technologies. Influenced by Zora, yi's prototype, Ch’ien ☰, offers NFTs with exclusive off-chain access, secured by zk-SNARKs. Artist Will Wharton's NFT patches connect owners to the innovative Pagoda community, promoting zero-knowledge technologies and digital private goods.

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FAQ

What is the primary purpose of the yi project?

The primary purpose of the yi project is to enable the creation, transaction, and exhibition of digital private goods on-chain using zero-knowledge technologies. This addresses the challenges posed by the public nature of blockchains, specifically regarding rivalry and excludability of digital goods akin to physical products.

How does yi ensure the privacy and exclusivity of its NFTs?

yi ensures the privacy and exclusivity of its NFTs through zero-knowledge technologies. Only the seller and successful buyer can access the original images off-chain, while a thumbnail version is available on-chain. zk-SNARK verifiers secure this process, ensuring thumbnails are authentic and preventing information leakage, even from previous owners.

What benefits does yi offer to NFT artists and collectors?

yi offers NFT artists and collectors enhanced privacy and control over digital artworks. Artists can ensure exclusive viewership of their work, maintaining its rarity and uniqueness. The system also allows for irreversible public disclosure when desired, turning exclusive pieces into standard ERC-721 tokens that are publicly tradable and viewable.

How does yi compare to similar NFT platforms like Zora?

While influenced by Zora, yi distinguishes itself by focusing on digital private goods through zero-knowledge proofs for exclusive NFT management. Unlike Zora, which primarily facilitates buying and selling, yi emphasizes privacy and control over digital art, combining NFT technology with privacy-focused cryptographic methods.

What role does the Pagoda community play in the yi ecosystem?

The Pagoda community within the yi ecosystem consists of technologists, builders, and artists engaged in zero-knowledge technologies and digital private goods experimentation. Members gain unique access to exclusivity token pieces and actively contribute to the evolution and purpose of Pagoda over time, fostering innovation and exposure for talented artists.

What are some common troubleshooting tips for using yi’s NFT platform?

Common troubleshooting for yi’s NFT platform includes ensuring a stable internet connection for on-chain interactions and using a compatible crypto wallet for transactions. Users should also verify their local environment's compatibility with zero-knowledge technology requirements, like zk-SNARKs, for decryption and proof generation, to access exclusive NFT assets.

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