1337 Alliance Forget tokenization, subscriptions on the blockchain are here I am thrilled to announce the launch of EIP 1337 Alliance. Following enthusiastic feedback of EIP 948 (our initial subscriptions EIP) and in depth architecture technical deep dives, we’ve settled on a subscription standard for Ethereum which will help move the ecosystem forward in UX, business models and more. It’s been a great six month journey, and we’re excited to bring this to bear!
I am thrilled to announce the launch of EIP 1337 Alliance. Following enthusiastic feedback of EIP 948 (our initial subscriptions EIP) and in depth architecture technical deep dives, we’ve settled on a subscription standard for Ethereum which will help move the ecosystem forward in UX, business models and more. It’s been a great six month journey, and we’re excited to bring this to bear!
Monthly subscriptions are a key monetization channel for legacy web, and arguably they the most healthy (especially when compared to surveillance ad based models). In many cases, they are are more healthy than a token based economic system. There are a few reasons to consider why subscriptions might be a good option for users, founders, and the ecosystem as a whole.
Building in support for proven systems like subscriptions is a no-brainer for Ethereum as we look to grow the ecosystem. On-chain subscriptions provides a healthy alternative to token models while pushing forward much needed UX conversations, including meta-transactions. Austin Griffith just joined the Gitcoin team with this focus in mind!
The launch of EIP 1337 at Devcon consisted of four things.
We sincerely hope that EIP 1337 ushers in a new era for Blockchain-based dApps. One that is driven by alignment between dApp founders and consumers.
Thanks for being l33t.
@owocki