Developer Ecosystem
End User Experience & Adoption
Lore icon

Lore

Project

0x26...ab8A

Lore helps communities form capital and coordinate at internet scale.

Appears in
40 ballots

Contribution

Lore’s V2 helps mainstream communities access crypto superpowers. The V2 launched on Base on 10/11/23 with 3 launch communities. 57 unique users have onboarded. The V2 was also deployed to Optimism on 10/19/23. In July 2023, we deployed the first-ever cross-chain wallet controlled by a community or smart wallet using Lit Protocol on the Chronicle OP L2 testnet. We learned on mainnet (with over 1000 groups) that mainstream communities wanted to engage their members to crowdfund a transparent treasury and crowdsource decisions to reward contributors, play w/ nfts, etc. But they ran into 3 issues. #1 — Transaction costs were prohibitive #2 — Onboarding experience was intimidating mainstream. #3 — Opportunities were fragmented across many chains and often only available to EOA wallets.

Impact

V2 is a new mainstream-friendly, Reddit-like experience for communities to access crypto superpowers at much cheaper costs on the Base/Optimism L2. New use cases are available for mainstream & crypto communities like co-creating media, local impact programs, community programs — growing whats possible on OP and onboarding newcomers through communities. Our testnet implementation of a trustless cross-chain wallet (on Chronicle OP L2) controlled by a community or smart wallet ties the OP stack closer to supported major chains like Bitcoin and Ethereum. This technology makes all dapps/protocols available to smart contract wallets which have had compatibility issues. Our opensource Github repo allows developers to access this technology to unlock many use cases.

Funding sources

No funding sources provided