Ethereum Push Notification Service Raises $10M at $131M Valuation

I always believe that before you can start solving some problem, you have to learn about it. They were doing a B2B transaction smart-contract as well as a mobile app. I was there for a long one and a half years, where I learned about smart contracts, and learned about the ecosystem. That led me to start an Ethereum Push Notification Service in 2020. If that proposal passes then perpetually MetaMask will be able to claim 70% of the fee that is getting on the protocol. This entire network effect to take place is getting services to our protocol.

  • Find top-quality hackers and fund them to work with you on a grant.
  • It’s a decentralized notification protocol that enables DApps to send push notifications to Ethereum wallet users.
  • For more information, see the developer’s privacy policy.
  • Ethereum Push Notification Service is a decentralized notification protocol that enables any dApps or smart contracts to send platform agnostic, incentivized and dynamic notifications.

Once all those rules are done and verified, the smart track basically admits that event out, which contains the identity of the notification. That’s the sending part for all the services, how to send the notification out for the receiving part, because it’s abstracted. The second step we did was sible protection, which was based on the thesis, that what if a service is performing really well and they get loads of users and after that they turned evil or they’re bought out, or they are hijacked.

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Tokenomics data for this coin is currently unavailable. In the meantime, please connect with us on social media. “We have a very aggressive plan to get to a million users,” EPNS founder Harsh Rajat told CoinDesk in an interview.

Ethereum Push Notification Service , a communication protocol hoping to solve that problem, has raised $10.1 million in a Series A funding round at a $131 million valuation. We are joined by Harsh Rajat, Project Lead and Co-founder of EPNS. We chatted about why and how the protocol was built, its technical structure, the purpose of incentivizing users to receive notifications, and how they tackle spam. EPNS is one of it’s kind service that allows users to receive notifications.

EPNS currently provides on-chain notifications for CoinDesk media alerts, Ethereum Naming Service domain expirations, Snapshot governance updates and Oasis vault liquidations, among other services. We’re building a world-class Business Development team at EPNS with the mission of becoming a web3 communication standard. We’re looking for a value-driven, operationally excellent Business Development Lead to join our growing team. This full-time role is available for remote candidates from anywhere in the world, but you’ll need to be available from 6 am – 3 pm UTC Monday-Friday to facilitate better collaboration with the core team.

Ethereum Push Notification Service

Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef offers high scalability, affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability. Reef is the future blockchain for NFTs, DeFi, and What is Ethereum Push Notification Service gaming. It can easily accommodate the needs of the future of Web3 development. Reef is an ideal blend of old and new, a trait that makes it eternal and timeless. Inter-operability is another integral aspect of any blockchain network that strives to drive the growth of Web3.0.

Of course, we are going to all the services and you’re talking and telling them about the advantage of push notifications, and now you can send it and we want official notifications to come. This will significantly enhance the user experience of Reef Chain, attracting not only more users but also more DApp developers to create world-class applications in the Reef ecosystem. In the future, we would use EPNS to enable notifications through various other communication channels to better serve our users. Everyone likes relevant, well-timed push notifications. NGrow allows app developers to make precised AI-driven push campaigns that efficiently engage users and significantly improve app retention and revenue.

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In essence, I already knew about push notifications and you know, when in 2020 we sat down and we started going through observing dApps and smart contracts to see if there was any competition for the Web Two experience. What happened was we quickly realized that Web Two services come back to the user and they say, “Hey, we need your attention. ” But the Web Three word, the services are still in the store. Ethereum Push Notification Service emerged from the Indian startup scene in 2020. It’s a decentralized notification protocol that enables DApps to send push notifications to Ethereum wallet users.

Ethereum Push Notification Service

It has the ambitious goal of becoming the main communication layer for Web3. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. It has a circulating supply of 15 Million PUSH coins and a total supply of 100 Million.

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EPNS says it will use the funding to expand its development team and continue building out its product. Gitcoin products can help grow community around your brand. Create your tribe, events, and incentivize your community with bounties. Find top-quality hackers and fund them to work with you on a grant. The way we are doing it is that we get this middleware running, of course DeFi is the one that needs notification the most. Nature of communication Web3 services expect users to come back to them.

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $17,806.04 and BTC market dominance is %. The price of Ethereum is $1,213.68 and ETH market dominance is %. The best performing cryptoasset sector is Privacy, which gained 2%. “A user on any blockchain should be able to receive a notification from any other service they use on any blockchain,” Rajat explained.

Ethereum Push Notification Service

What we do with the channels who are interested to send notifications to first activate themselves on our protocol. We tell them that you have to stake some amount of DAI for your channel to be active. There’s some amount of DAI that is either 50 DAI, or it can go as high as the channel wants. Yeah, the ones that channel activates themselves, that means they have deposited these states. We then take this DAI and we lend it out and start generating interest on those DAI. I want notification from this specific service, that user automatically becomes eligible to receive a part of this interest.

PUSH Depth Chart

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Ethereum Push Notification Service – The Decentralized Notification Protocol

That is one way by which we try to incentivize these notifications for the user. Of course ensure that the Sybil mechanism on the protocol is also there. It’s a quite elegant solution that you have one middleware and standardizes all the flow and imposes rules, and then the equal system listens to it and shows all these notifications. What we did was we essentially took this decentralized middleware and we transformed it to the Web Three.

Metalink, which requires crypto wallet connectivity in order to chat, also look to provide Web3 solutions to the cryptocurrency space’s ongoing security and communication challenges. Scammers and hackers posing as developers, NFT collection founders, or employees of Web3 companies seeking to separate users from their crypto assets. Governance token, allows holders to vote on future protocol decisions and participate in staking.