In the rapidly evolving Web3 ecosystem, efficient and transparent revenue distribution among collaborators is paramount. Reveel Protocol emerges as a pioneering solution, offering a decentralized and composable framework for seamless revenue sharing.
Project Overview
Founded in 2020 by Adrien Stern, Reveel is a trustless protocol designed to automate and optimize revenue distribution among creators and their collaborators. By eliminating intermediaries, Reveel ensures that all parties receive their fair share promptly and transparently. The protocol introduces "Revenue Paths," autonomous smart contracts that manage fund distribution without external maintenance.
Tokenomics
As of now, Reveel has not introduced a native token. The protocol operates by facilitating revenue sharing in existing cryptocurrencies, such as ETH and ERC-20 tokens, across various blockchain networks. This approach allows users to distribute funds in the cryptocurrencies they already utilize, without the need to adopt a new token.
Underlying Technology
Reveel's architecture is built on modular smart contracts, promoting extensibility and ease of maintenance. The protocol is designed for gas optimization, implementing advanced techniques to minimize transaction costs. A standout feature is the "Revenue Paths" concept, which centralizes complex fund distribution mechanisms into a single smart contract. This design supports tier-based revenue distribution, incorporating strategies like recoupments, evolving splits, and milestone-based allocations. Additionally, Reveel enables gasless interactions through meta transactions, improving accessibility for non-technical users.
Supported Networks
Reveel is compatible with multiple EVM-compatible blockchains, including Ethereum, Polygon, Optimism, Arbitrum, and Aurora. This multi-chain support provides scalability and cost-effective deployment options for users.
Market Status
Since its inception, Reveel has gained traction within the Web3 community, particularly among creators seeking efficient revenue-sharing solutions. The protocol's user-centric design and support for multiple networks have contributed to its growing adoption. While specific market metrics are not publicly disclosed, Reveel's integration with various platforms and its participation in funding rounds indicate a positive reception in the market.
Investors
In September 2022, Reveel secured $1.3 million in pre-seed funding. The round was co-led by Binance Labs and Moment Ventures, with participation from other investors. This funding has been instrumental in expanding Reveel's team and advancing product development.
Development Status
Reveel has made significant strides in its development journey. The protocol has released its V2 version, offering features such as automating complex revenue sharing, enabling gas-free fund withdrawals, and supporting multiple blockchain networks. Additionally, Reveel provides an SDK that allows developers to integrate its Revenue Share Protocol into their projects easily.
Technological Innovation and Potential
Reveel stands out for its innovative approach to decentralized revenue sharing. By introducing autonomous "Revenue Paths," the protocol streamlines complex distributions and reduces costs. Its emphasis on flexibility, gas efficiency, and user-centric design positions Reveel as a compelling choice for creators and collaborators in the Web3 ecosystem. The protocol's forward-thinking approach and continuous innovation suggest a promising future in empowering creators within the blockchain space.
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