Ruby Protocol Monthly Review — August 2023
Hello to all Rubies,
Welcome back to another Monthly Review.
The numbers suggest that the crypto market has undoubtedly responded positively to the broader global financial uncertainties and has maintained its foothold amid tightening credit conditions and shaky bond market volatility.
Still, since crypto cannot sail alone in this boat, all the other financial assets, crypto included, have to follow the same sentiment for a balanced atmosphere.
The majority of crypto pundits believe the current situation is difficult and boring. And if history is going to repeat and rhyme with itself again, the road to recovery is bound to be a very long and tedious wait. In reality, negative personal experiences in times such as now may lead to diminished trust in others, including businesses and governments, and that lack of trust and confidence in the general market makes some investments appear too risky, which leads to suboptimal investment allocations and ultimately to market contraction.
However, all of the above will be good for our progress if we take the time to build solid services and solutions. After all, those who build during a bear market can build long-lasting relationships and bonds with the market.
Partnerships Building
The rationale will be the same every time we describe our efforts to build a robust partnership ecosystem for Ruby Protocol. Partnerships and networking are essential if we want to reach the next millions of users. The strategic partnerships we have been presenting to our communities since the inception of this project are all official agreements between other parties and us to work together to provide the best-in-class services for crypto users and the entrants from the old Web2 world.
We are making Web3 seamless and effortless to everyone everywhere.
In August, we partnered with Dmail Network, a Web3 multi-chain infrastructure based on mail notification designed to provide a secure, private, and efficient cross-chain encrypted communication protocol. It has integrated and provided services for Worldcoin, ENS, Unstoppable, SpaceID, Lens, Conflux, BNB Chain, and over 80 other projects, with more than 7M messages sent.
The whole team is thrilled about this integration with Dmail Network because it will be the next building block of the coming revolution, and this partnership might help us secure a front-row seat in the next wave of technological innovations.
With this partnership, the tech team from Dmail will prepare the integration document to plan our integration steps, which are aimed at providing decentralized mailbox and message services based on multi-chains for Ruby Protocol and also list our DApps in the DApp Library. With such support, our current and future products will enjoy more functionalities that can significantly improve user experiences and make crypto more than crypto. In return, we will help Dmail design a secure scheme to support general data protection.
HyperGPT was another interesting strategic partnership. It is a project working on empowering blockchain and cryptocurrency development with the latest AI solutions and delivering AI solutions that will help enhance our business’s performance and improve Ruby Protocol’s customer experience.
With HyperGPT’s seamless SDK, Ruby Protocol can strengthen its products and services with artificial intelligence prowess. Please stay tuned for more integrations and announcements.
Darwin Protocol is a multi-chain decentralized exchange that allows the automatic redistribution of tokens and coins collected from trades.
Power Browser, a fast, secure Web3 browser that democratizes advertising. It is time to let more know about Ruby Protocol and our cutting-edge solutions.
Clicks Platform, a decentralized social media platform that puts you in control of your data, also with advanced privacy features,decentralized storage.
Marketing & Community Growth
Marketing and community growth always go hand in hand because marketing plays a crucial role in driving business growth and achieving common goals. And with that, we are expanding into new markets or reaching new customer segments every time we launch a new campaign.
As the famous man once said: work like hell and advertise.
Dmail Network might be the most important partnership we have established so far because it will likely become the next building block of the upcoming AI revolution, and this partnership might help us secure a front-row seat in the next wave of technological innovations. Leveraging this partnership and AMA, we wanted to pick their brains on the future and how both parties could collaborate to deliver our share.
As part of our efforts to recognize your support and prepare for the coming launch, we want to ensure we have the technical ability to recognize our supporters when we see one and not be fooled by Sybil Attacks.
The campaigns we launch on Galxe and other platforms are intended for such purposes.
Our Community and Eligibility Proof OAT and future identity proofs are given out as a token of your support for us to build an accessible Web3 gateway. With it, the holders will enjoy potential airdrops in the future and early access to Ruby’s cutting-edge products.
Also zealy is a simple, fun & creative way to create and join trendy communities. In August, we leveraged this platform to create Ruby’s 1st sprint to raise awareness of our solutions and services.
And with great efforts come great results. We are thrilled to announce to you that Ruby Protocol is listed 𝐚𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐎𝐏 𝟓 𝐦𝐨𝐬𝐭 𝐚𝐜𝐭𝐢𝐯𝐞 𝐜𝐡𝐚𝐭𝐬, via our strategic partner @GPT360_Official.
ERC4337 Standard & #AccountAbstraction
As mentioned and promised in the previous report, Ruby Protocol would gradually take actions to initiate a number of technical developments based on Ethereum’s ERC-4337 standard, which includes but is not limited to the following:
- Build a smart contract account system and gradually move toward Account Abstraction
- Refine the existing social recovery methods and eradicate the risk of losing private keys
- Improve user experience by enabling seedless wallet creation
- Start connecting DeFi, Games, and DAO to sponsor users and achieve Gasless transactions
Our commitment to this direction will enable us to create smart accounts to provide improved functionality, a streamlined user experience, enhanced security, and censorship-resistant cryptography.
In the tweet thread below, we also detailed why ERC4337 and Account Abstraction are considered as the next building standard to propel crypto evolution and why it is imperative that we put Seed Phrases on the shelf and work towards a more user-friendly solution that will likely help us to onboard the next billion users.
Behind The Scene Developments
Having launched Ruby One, we began our work on refining it. In addition, we are inches away from launching our new website & Ruby One on BNBChain.
The following work will be released and available in the coming weeks:
- RubyOne UI&UX upgrade
- RubyOne login with more email clients
- Social Recovery supported by more emails
- Development upon ERC4337 & UserOperation
- More Dapps integration & compatibility
- Brand new website, position, and design
- Ruby One mainnet launch on BNBChain
About Us
Ruby Protocol is a privacy centric access control protocol, building an interoperable, scalable and privacy-preserving infrastructure as the ultimate gateway to Web3.
Our solutions and products include a private payment bridge (Ruby Connect), MPC wallet (Ruby One), and Account Abstraction & Access Control developer tools (Ruby SDK), with more to come.
