AcknoLedger works on the M2D model that consists of Mapping, Monetizing, and Distribution.
In Phase 1 of our product, we will map and index all the NFTs across all the infrastructure projects. Once our indexing of NFTs is complete, we will deploy a plagiarism engine on top of those NFTs.
Whenever anyone publishes any NFT that is already present in the ecosystem, the plagiarism engine will raise a flag. It will also share the plagiarism percentage. Ackno Plagiarism Engine will be helpful in a lot of other things too.
We cannot stop people from publishing plagiarised NFTs but we can inform them that the particular NFT is already present. This will help a lot of NFT marketplaces and platforms.
Brief intro about the 3 foundational pillars of AcknoLedger:
Mapping assets: Indexing all the NFTs across all the gaming, metaverses, NFT marketplaces, so that NFT collectors can leverage the insights for an informed decision making.
Monetizing: Helping existing Web 2.0 and Web 3.0 content platforms to monetize their content as NFTs through our APIs and channels.
Distribution: Marketing and distributing the content across multiple metaverses by tracking-mapping interoperability and exploring trading opportunities for institutional and retail investors.
Tell us about yourself?
My name is Yash Dahenkar. I am the Co-founder and Chief Executing Officer of AcknoLedger. I have been in Crypto Space since 2016.
Before starting AcknoLedger, I started a company called Bitgenie which focuses on emerging technologies like Blockchain and Artificial Intelligence. At Bitgenie, I created a really interesting product called “Bitgenie Research” where we mapped and indexed more than 100K+ market research reports over the internet. Bitgenie Research is actually seed to the AcknoLedger’s idea.
I also like to educate people on Blockchain and Crypto and till date i have taught more than 4000+ professionals and students across the Globe.
If you could go back in time a year or two, what piece of advice would you give yourself?
would buy more bitcoin if i could do it and if i could start working on acknoledger way back in 2016
What problem does your business solve?
AcknoLedger is bridging the gap between Metaverses.
AcknoLedger is word derived from Acknowledgement. Whenever you publish anything on AcknoLedger you get Acknowledgement and that’s why we call it AcknoLedger.
The solutions that our project provides:
- Interoperability Check of NFTs
- Lifecycle Tracking and Plagiarism check of NFTs
- Utility, scarcity, social proof, and many other features tracking of NFTs through UCNS
- Facilitating new ways of revenue for NFT collectors by leveraging arbitrage opportunities, trending NFTs, Brand Promotions, etc.
What is the inspiration behind your business?
Initially, we planned to focus only on the Scientific Research Segment but as we started going ahead, we realized our project has so much potential than that.
AcknoLedger is word derived from Acknowledgement. Whenever you publish anything on AcknoLedger you get Acknowledgement and that’s why we call it AcknoLedger.
AcknoLedger is a global platform that maps, monetize, and distributes Web 3.0 digital assets seamlessly across all the metaverses and gaming NFTs. AcknoLedger is bridging the gap between Metaverses.
What is your magic sauce?
AcknoLedger is not competing with anyone.
We don’t believe in competing, we believe in collaboration. Our core philosophy is to partner and work closely with all the projects out there. We believe in growing together. If you want to walk fast, walk alone. But, if you want to walk far, walk together.
Some outstanding features that distinguishes us from other projects in the market:
- Interoperability Check of NFTs
- Lifecycle Tracking and Plagiarism check of NFTs
- Utility, scarcity, social proof, and many other features tracking of NFTs through UCNS
- Facilitating new ways of revenue for NFT collectors by leveraging arbitrage opportunities, trending NFTs, Brand Promotions, etc.
What is the plan for the next 5 years? What do you want to achieve?
In the next 5 years, Our goal is to become a Google and Amazon for Web 3.0 digital assets. Also, we are in the product development stage and phase 1 of the product will be launched in Q1-2022.
Our goal is not to control the whole Metaverse space but to empower all the Metaverses to reach their full potential by doing cross-marketing and community engagement.
AcknoLedger will be the Nervous System of Web 3.0 Digital Assets which will map, monetize, and distribute Web 3.0 Digital Assets across all the metaverses. AcknoLedger will aggregate all the Metaverses at one place and will open huge door of opportunities.
What is the biggest challenge you’ve faced so far?
UCNS(Universal Content Numbering Scheme) can be considered as Decentralized Domain Name Server(DDNS).
Deploying UCNS will be challenging as every project follows a different format when they created their NFTs. There is no Universal Guideline for NFTs in Metaverses. Every Blockchain has its own set of rules.
In phase 1, we will be focusing on indexing and mapping NFTs across all the Blockchain Infrastructures.
Once we have all the data, we will release NFT interoperability Guidelines for Metaverses. If projects follow these guidelines, their NFTs will be interoperable across all the Metaverses.
Isn’t it cool?
We might launch our own Blockchain in future for easy Execution of UCNS as we move ahead as interoperability will become very easy after that.
We are getting some resistance from projects but we are good at convincing.
How do people get involved/buy into your vision?
A brand is built on the basis of how effective it is with the community and thus our core strategy has been community and thus we are spending most of our time in creating a community that is as passionate as we are about Acknoledger.
Some other strategies which we are focusing on are:
✨ Content marketing
✨ KOL’s
✨ Partnerships with Key Gaming Fraternities
✨ Social Media Marketing
✨ Participation in Industry events
✨ Public relations
