The problem RewardSphere solves

RewardSphere allows users to break free from the constraints of platforms and reshape the value transfer of web3 social impact by utilizing the inherent advantages of the platform. In traditional web2 social media, the majority of value is captured by the social media platform. With RewardSphere, we can take back value from the platform and give it to the true content creators and content interactors who help to gain more attention for the content.

In RewardSphere, by using the ERC1155 protocol and DID technology, the ownership of each twit can be shared, allowing content producers to form a good collaborative relationship with content interactors. Moreover, content interactors can obtain a portion of the ownership of twit NFTs based on their actual contribution.

In RewardSphere, we provide a wealth of templates to allow content creators and content interactors to find the most efficient and fair collaborative mechanisms, working together to build more impactful content from the constraints of platforms.

By setting up a collaborative distribution mechanism, content creators and content interactors become co-owners of each twit. This ownership relationship is established by the ERC1155 protocol and subsequent monetization of this twit can be based on this ownership relationship. The ownership relationship recorded by RewardSphere can even help different owners to better govern the future IP value of the twit.

Challenges we ran into

We aim to provide users with a seamless experience, so for the minting of NFTs, we plan to adopt a method where users do not need to pay gas fees, but we will charge a certain transaction fee. However, fees are quite expensive on the Ethereum network, so we have migrated our contract to the Matic Layer2 network to lower the fees to meet our needs.