In line with the vision of creating a decentralized on-chain economy for international migrants, expats, and diaspora communities, dua.com announces a strategic partnership with BOBA Network, an L2 Optimistic Rollup to use its Layer 2 capabilities for DeFi and its unique Turing Hybrid Compute for a token reward system based on off-chain user reputation.
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dua’s Pivot to Web3
dua.com is a Web2 Swiss-based startup building an ecosystem where globally fragmented communities can reconnect and transact with their families and friends based on their cultural, social and financial needs.
The dua ecosystem comprises two matchmaking apps: dua.com and spotted.de, currently serving over 5M users worldwide.
In today’s state of technology, instant and global access to financial tools shouldn’t be a topic. Given the current limitations of traditional and centralized financial services, real change and impact can only be achieved through decentralized, permissionless Apps (dApps) that allow global and instant transfer of value securely thanks to a set of smart contracts. By pivoting to a more decentralized economy and giving people the right tools, we bring our community’s experience to the next level.
Through DUA, an ERC20 utility token deployed on the Avalanche network, and an embedded wallet powering the on-chain economy, we aim to bring our communities into Web3 and DeFi, enabling them to interact effectively as part of a global virtual economy.
What is BOBA and how will it benefit dua.com?
Boba Network is a blockchain Layer-2 scaling solution and Hybrid Compute platform offering lightning-fast transactions and fees up to 60x less than Ethereum.
Starting as an Ethereum Layer 2 Optimistic Rollup solution, Boba Network saw the endless possibilities in improving other blockchains and their ecosystems. Today, Boba Network is the first Layer 2 solution to extend its technology to other EVM-compatible Layer 1 chains, such as Moonbeam, Fantom, Avalanche, and BNB Chain.
Boba will enable dua, as a Web2 platform pivoting to Web3, to deploy in-app solutions on-chain with low fees and fast transactions and take advantage of Hybrid Compute, which allows developers to create advanced algorithms that are typically too expensive to run on-chain, enabling full integration with technologies such as AI and machine learning to trigger more complex algorithms off-chain.
Turing Hybrid Compute & dua’s Reward System
Developed by Enya Labs, contributors to the Boba Network, Hybrid Compute is an innovation that allows developers to leverage external Web2 APIs or complete intensive backend computation with a single atomic transaction. Turing can be integrated with mainstream computing stacks, greatly expanding the capabilities of dApps, GameFi, and SocialFi.
The end result is eliminating wait times for end users and a streamlined developer experience for smart contract application integration.
Technical Details of Turing Hybrid Compute
As a Web2 company transitioning to Web3, dua wishes to take advantage of the different existing web2 data sources, such as Social Media APIs, to track certain off-chain activities of users. Together with in-app activities, this data forms the user’s reputation, which is required for distributing on-chain rewards.
DUA Reputation-based Reward System
To bring collaboration to a competitive matchmaking environment, we plan to design a reputation system that identifies the most active and engaged users based on their actions. Actions leading to the formation of reputation can be inside the app (match, verify the profile, report fake profiles, invite users) and outside the app in the form of engagement (Twitter, Linkedin, etc…). This reputation setup will initially work off-chain using an object-oriented database (non-relational) so that the read/write operations can be scalable and relatively instantaneous since user reputations will be updated in a micro-transactional fashion.
On-chain rewards depend on the users’ reputation level, therefore, will not be directly linked to the user’s activity. Rewards can be only claimed from each user according to a well-defined internal system and a rate that will be determined next year.
Turing Hybrid Compute, with its unique capability to call any off-chain RPC endpoint and easy-to-use solidity features will enable us to build the first reputation-reward system leveraging Layer2 for millions of dua.com and spotted.de users.
BOBA AVAX L2 makes it easier for dua’s dApp
The L2 scaling solution of Boba Network has been officially launched on Avalanche, therefore offering even faster and lower fees. This is a significant opportunity for dua’s upcoming web3 tech stack that will be deployed on Avalanche.
Our apps have been installed 9M+ times and serve 5M+ users, stats that are constantly expanding. Onboarding such a large user base into Web3 and scaling it to hundreds of millions of users is an operational challenge that requires not only a high network performance with the potential to finalize transactions in thousands of seconds, as low cost as possible, but also a secure and decentralized setting.
DUA Private Sale is ongoing
The dua Foundation, a Dutch-based non-profit organization central to promoting, growing, and developing globally fragmented communities and responsible for issuing DUA, launched a private sale that is currently ongoing on Fundrs.app – a decentralized community launchpad.
Our strategic and blockchain advisors include AllianceBlock Co-Founders Rachid Ajaja (CEO) and Matthijs De Vries (CTO), SEBA Crypto AG and IBM Former Executive Christen Oesterbye, dua AG Founder and CEO Valon Asani, and Entrepreneur and DeFi specialist Dite Gashi.