Nephilim is a decentralized and independent organization of people from all over the world who have a common vision that runs on the NEAR blockchain, consisting of 666 animated NFTs designed and created by a collection of artists. Read on and learn more about the Nephilim project.
What is Nephilim?
The Nephilim Project is a decentralized and independent organization of people from all over the world who have a common vision. It runs on the NEAR blockchain. Nephilim NFTs are originally 666 animated NFTs that run on the NEAR protocol, designed and created by a collection of artists representing various styles of real-world game background art, incorporating weapons and equipment into their work and granting them exclusive access to the Nephilim. DAO
The project aims to create a decentralized autonomous organization that will allow community members with diverse skill sets to collaborate and provide services in exchange for fair compensation through its Web3 freelance platform based on the NEAR protocol.
Nephilim Freelance Platform
The Nephilim Freelancer Platform (NeFP) is one of the first decentralized freelancer platforms on the NEAR protocol. Freelance work has grown immensely over the past decade and is expected to increase even more in the coming years. With this growth, freelancers will represent up to 80% of the entire workforce worldwide by 2030 (Hamann, TK, Guldenberg, S., 2021). Formerly considered secondary income and extra jobs, freelance work has now become an important employment option.
Freelance platforms are also widely used for prototyping/starting a Web3 project. However, if you think only small businesses use freelance platforms, you are in for a surprise. An Accenture report states that one hundred (100) Fortune 500 companies use freelancing platforms (Yili Hong, PauI A. Pavlou, 2013). Likewise, freelance work is becoming more popular today as more people find it profitable and convenient, which means more talent for companies.
working groups
Qualified DAO members will also be able to form working groups, such as a group of painters forming a working group to carry out a specific task. Groups can also offer work as a unified entity. When a group is formed, our smart contract will allow contractors to set up profit sharing.
Decentralized Freelancer Platform
Traditionally, there are a lot of concerns when finding the right freelancer for a specific task. While most platforms have their own mechanics to prevent fraud and low quality delivery like depositing funds, most people are still wasting their time even though they can get their funds back if they are not satisfied with the delivery.
Furthermore, information from freelancers on the web2 platform can be manipulated in a number of ways. It’s hard to say if the freelancer has the right skill set. However, when utilizing a blockchain contract and our DAO, jobs and freelancers are governed by a smart contract. Our DAO will provide a secure way to ensure that all information from freelancers is genuine. For example, some freelancers will use multiple accounts, create fake jobs, and compete with the other account for better reputation (mostly stars/reviews). We avoid this by utilizing our DAO and community-governed delivery of work; this delivery will be invalid work and will not increase the freelancer’s reputation.
One of the features that stand out from other freelancing platforms is our utilization of our DAO, which also allows multiple individuals to form guilds/divisions/workgroups so they can work together to complete larger jobs that they may not be able to work on their own, the labor payment contribution is also governed by the agreed amount stated in the smart contract.
crypto payments
Most Web3 project teams may have their main assets on-chain, but must pay for services through a Web2 platform. This is a major hurdle, especially considering that many crypto native startups cannot be bankrolled quickly traditionally. Also, most freelance platforms will hold their funds less transparently for a reasonably long period of time; some platforms retain their funds after completion of work for more than two weeks and in addition they may also need to set up bank accounts which brings more problems for both freelancer and work provider. Our Web3 freelancer platform uses cryptocurrency for payment, which will provide a faster, hassle-free and transparent way for both parties to process payments.
Guilds
A guild is a community of individuals who are led by various members of the highest rank. Each member who meets a certain contribution to the general will be raised in the ranking. Additionally, guilds will provide an additional layer of governance for the quality of DAO contractors. Collaborative coaching will be the key method for guild members to supervise each other and improve the overall quality of work.
Nephilim NFT Benefits
Since anyone can contribute by completing activities and collecting rewards, NFT Nephilim holders will benefit from the shared rewards split of tasks. Nephilim NFT holders will be able to participate in the revenue generated by our freelance platform. The holder’s share of income is determined by the number of NFTs it owns. Having multiple NFTs allows the holder to take advantage of the staking multiplier.
Holders will be able to increase their NFT staking payout in the future by burning a specific amount of Tokens using our gamified staking contract. In addition to the revenue share, holders receive a 50% share of royalties from the secondary market.
- Revenue sharing based on Freelancer platform and Project Launchpad tool tiers
- Secondary market royalty split is 50%
- Free tools to use
- Tier-based revenue distribution of any revenue generated by other secondary tools
In addition to the items described above, more value for NFT Nephilim holders and community supporters will still be added in the future.
How does decentralization work with a freelance platform?
Listing tasks on Nep Marketplace
Communication
The most crucial element of successful task completion is communication. However, most freelancing platforms may not allow you to redirect as shares to other social apps such as Discord and Telegram. However, we encourage users to use these tools to better bond with the builder community and enable better equipment management using private rooms, group chats, etc. Our smart contract will also govern the key milestone/work scope for the job to track the progress of tasks and keep the provider and freelancer in sync.
Governed Delivery
The work provider may have delivery and progress governed by our DAO. Also, can choose between different levels of resource provider providing the project, work can choose from some governance: from complete: This everyone in the DAO with a corresponding professional status with vote not based on completed requirements 2 Audit of provider delivery, etc. agreed by both parties. A set of government rules will govern both delivery options, which must be followed by all members involved in managing a project.
Rewards
Intelligent will handle the distribution of profits and at the same time guarantee confidentiality, as they are distributed directly to project collaborators in NEAR. Also, as those responsible for executing the project will not be approved by the project, they will be turned over to the NephilimFT and work holders, and work compensation will be awarded for those tasks that made a positive contribution to the task.
Staking Nephilim NFT
Nephilim allows global investors to participate in Token of Certainty tokens while they are already in development. By betting on Nephilim NFT, traders can be sure that their funds are safe. The value of the locked tokens will immediately allow access to the issuing party’s equity property, packaging the Token Generation Event into Nephilim NFTs and dispersing Near from crowd-selling investors directly to token holders.
However, NFTs will not be distributed equally to all network participants. In the model, only a limited number of tokens can be obtained by wagering Nephilim, and users must wager their own Nephilim to gain access to unlocked tokens available for distribution. However, it offers a financial incentive to all individuals who follow the program. It also guarantees scarcity in the collection, which helps interested parties and market listings where players buy and sell, rather than removing them from the market.
The Nephilim Team Partners
- Secret Society of Skellies – The Nephilim team has partnered with SSS to give users the option to pay with $UTOPIA.
- El Café Cartel – The team collaborated with El Cafe Cartel, responsible for the initial creation of the token.
- NEKO Token – They also collaborated with NEKO Token, which will host a bug bounty event on the freelance platform.
- Near Future – Nephilim developers have teamed up with NEAR Future to deliver NF: Classic Teaser Mint!
Bottom Line
The Project Nephilim is a decentralized and autonomous organization made up of people from all over the world who give back a shared vision. The Nephilim Project aims to generate a decentralized autonomous organization that will allow community members with broad skill sets to work together and provide services in exchange for fair compensation through a freelance Web3 platform on the NEAR protocol. PortalCripto hopes that the article has provided the necessary information about the Nephilim project.
