Virto 2024

After the feedback received in ref#342(check for more details) here is an updated proposal that seeks to fund the Virto team every spend period(6 days) at a lower rate of 260KSM per period(instead of 333KSM) for what is left of 2024(50 repetitions instead of 121).

Average monthly spend(10 FTE): 260KSM * 5 * 41.72 USD/KSM(EMA30) ~= 54,244 USD

Call to cancel schedule: 0x15002b0101881d03566972746f207465616d20323032342066756e64696e67202020202020202020010a000000

Summary

The Virto team aims to continue developing its light and easy to use client side tools in the form of the VirtoSDK that fills a gap in the libraries available in the ecosystem, it is modular(use only what you need), multi-platform(same code base for Rust, JavaScript, Python, Kotlin, Swift, Dart) and light(usable in embedded hardware and IoT).
The team formed mostly of Polkadot fellowship candidates will develop pallets and propose changes that we believe can enhance the PolkadotSDK to benefit the Kusama community. We focus on practical functionalities that improve user and developer experience that we can test and polish in our common good-like parachain Kreivo. Some examples are:
- Pallet payments: Credit-card like reversible payments for goods&services.
- Pallet communities: Powerful DAOs that can conduct real world businesses.
- Pallet pass: Issue free transactions from different devices that control your main on-chain account.
- Pallet matrix: Two way control of decentralized chat rooms(e.g. a vote on a friendly poll triggers on-chain governance actions)
- ... and more! see our live roadmap or suggest ideas that we can champion and implement.

Virto team also aims to become self-sufficient by starting a "commercial community" in Kreivo offering solutions as a service. Our long term goal is still rooted in tackling social inequality by implementing the local incentives protocol.

Edited

Summary of Virto Team Proposal

Funding Request: The Virto team seeks funding at a reduced rate of 260 KSM per 6-day period for the remainder of 2024.
Purpose: To develop light and modular client-side tools, specifically the VirtoSDK, which is multi-platform and usable in embedded hardware.
Focus Areas: The team will create pallets and propose changes to enhance the PolkadotSDK, focusing on practical functionalities like reversible payments, powerful DAOs, and decentralized chat room controls.
Community Involvement: They plan to test and refine these functionalities in their parachain, Kreivo, and invite community suggestions for new features.
Long-Term Goal: The team aims to become self-sufficient by offering solutions as a service and tackling social inequality through the local incentives protocol.

Source

After the feedback received in ref#342(check for more details) here is an updated proposal that seeks to fund the Virto team every spend period(6 days) at a lower rate of 260KSM per period(instead of 333KSM) for what is left of 2024(50 repetitions instead of 121).

Average monthly spend(10 FTE): 260KSM * 5 * 41.72 USD/KSM(EMA30) ~= 54,244 USD

Call to cancel schedule: 0x15002b0101881d03566972746f207465616d20323032342066756e64696e67202020202020202020010a000000

Summary

The Virto team aims to continue developing its light and easy to use client side tools in the form of the VirtoSDK that fills a gap in the libraries available in the ecosystem, it is modular(use only what you need), multi-platform(same code base for Rust, JavaScript, Python, Kotlin, Swift, Dart) and light(usable in embedded hardware and IoT).
The team formed mostly of Polkadot fellowship candidates will develop pallets and propose changes that we believe can enhance the PolkadotSDK to benefit the Kusama community. We focus on practical functionalities that improve user and developer experience that we can test and polish in our common good-like parachain Kreivo. Some examples are:
- Pallet payments: Credit-card like reversible payments for goods&services.
- Pallet communities: Powerful DAOs that can conduct real world businesses.
- Pallet pass: Issue free transactions from different devices that control your main on-chain account.
- Pallet matrix: Two way control of decentralized chat rooms(e.g. a vote on a friendly poll triggers on-chain governance actions)
- ... and more! see our live roadmap or suggest ideas that we can champion and implement.

Virto team also aims to become self-sufficient by starting a "commercial community" in Kreivo offering solutions as a service. Our long term goal is still rooted in tackling social inequality by implementing the local incentives protocol.

Edited