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Improving the Cultural Value of NFTs With TCRs šŸŖ™ā€‚by@bankless
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Improving the Cultural Value of NFTs With TCRs šŸŖ™

by Bankless - MetaversalJanuary 6th, 2023
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JPG just launched a token-curated registry (TCR) system thatā€™s on track to become the first community-sourced public good of its kind, an open contextual data layer for NFTs. JPG is both a platform and curatorial infra for the Ethereum NFT ecosystem. The goal is for these NFT lists to make archiving, discovery, organization, and scholarship around Nfts easier and more reliable. The new TCR system, the JPG Canons, still has its training wheels on, but it's poised to provide useful ā€œculture legosā€ ā€” e.g. a decentralized repository of self-published artists.
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Dear Bankless Nation,

In my recentĀ NFT skill treeĀ write-up, ā€œcurationā€ was one of the many skill branches I highlighted.Ā 

With the blockchain being an ever-growing labyrinth of digital things, curation is important because it improves context, discovery, organization, and scholarship around NFTs.Ā 

In other words, curation improves theĀ cultural valueĀ of NFTs. As more of our lives come online and then onchain, weā€™ll need more infrastructure to support such cultural value, too.Ā 

Full disclosure, I contribute to JPG, an NFT curation protocol, so I have a unique vantage here.Ā With that said, JPG just launched a token-curated registry (TCR) system thatā€™s on track to become the first community-sourced public good of its kind, an open contextual data layer for NFTs.This TCR, the JPG Canons, still has its training wheels on, but itā€™s poised to provide useful ā€œculture legosā€ ā€” e.g. a decentralized repository of self-published artists or an evolving compendium of scam NFT projects ā€” to the NFT ecosystem as it progresses.Ā Ā For todayā€™s post, then, letā€™s dive into this new NFT cultural infra and walk you through what you can expect from it going forward!Ā -WMP

Mapping Ethereumā€™s cultural landscape via TCRs

What is JPG šŸ“ø

Ā is both a curatorial platform and curatorial infra for Ethereum NFTs.Ā 

On the platform side of things areĀ JPG Exhibitions, which anyone with an Ethereum address can use to create NFT galleries whose data is then backed up on Arweave, a decentralized storage network, for permanence.Ā 

On the infra side is the new TCR system,Ā JPG Canons. Built on Ethereum and also backed up on Arweave, these community-curated and community-governed lists will index NFTs and map out relational networks among them for the improved cultural context in the NFT ecosystem.Ā 

Whatā€™s a TCR šŸŖ™

A token-curated registry is a list of elements maintained in a decentralized fashion through token-based voting.Ā 

WhyĀ decentralized? Because with centralized lists, you have to trust that the admins are honest and donā€™t abuse or arbitrarily manipulate the entries therein. This wonā€™t fly in crypto!

Accordingly, a TCR system is explicitly designed to help a group curate and organize important information without centralized administration.

How JPG Canons work šŸ›ļø

JPG Canons are a TCR system that uses NFT-based voting for creating and governing high-quality decentralized lists of NFTs, e.g. ā€œHistorical collectibles,ā€ ā€œPodcast NFTs,ā€ and ā€œNouns DAO derivatives.ā€Users who propose Canons must provide a title, description, criteria, and three prospective submissions to begin the process. This kickstarts a proposal cycle where other community members can propose fitting collections or individual NFTs and consequently vote on everyone elseā€™s submissions.
Access to this governance process is provided by free and non-transferableĀ , which are customizable and dynamically track their ownersā€™ governance actions through an in-built reputation and XP system.Ā As such, the more you vote and propose with your Ethereum wallet, the more XP you receive, and in turn this unlocks more voting power over the Canons and more Canonicon layer customization options over time.Ā 
During this alpha stage, JPG is starting with a single ā€œā€ Canon as a trial and then will select a few other useful categories before opening up the new Canons proposal process to anyone who holds a Canonicon NFT early next year.Ā Note that the initial Canonicon allowlist centered on JPG community members, though in the coming days the allowlist will be reopened via a wallet or tweet verification, so keep your eyes peeled if youā€™re interested in joining in and contributing to the first Canons and beyond.Ā Ā 

The tl;dr šŸ†•

The Canons are a bottom-up NFT TCR system meant to serve as a free public resource for the discovery and indexing of the NFT space. The goal is for these NFT lists to make archiving, discovery, and research efforts easier and more reliable for web3 experts and web3 newcomers alike.

Zooming out šŸ¤”

NFT marketplaces could seriously use decentralized verification badges. The chroniclers of NFT history want to map out the rise of tangibly intangible digital collectibles. Cryptoartists want to defragment and preserve their catalogs for posterity.Ā 

These are but a few of the areas where the Canons can make a difference going forward. And at a time when Big Algorithms dominate mainstream culture everywhere we look, community-coordinated efforts through NFTs and for NFTs represent an interesting flight of escape from the status quo and toward the next big cultural frontier, onlineĀ andĀ onchain.

Action steps

šŸ“ø Check out the firstĀ , which is currently in progress, to get a feel for how this NFT TCR system worksšŸŖŸ Read my previous write-upĀ Ā if you missed it!

Author Bio

Ā is a professional writer and creator ofĀ ā€”a Bankless newsletter focused on the emergence of NFTs in the crypto economy. Heā€™s also recently been contributing content to Bankless, JPG, and beyond!

First Published .

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