Port3 (PORT3): A comprehensive analysis of the Web3 social data gateway

Port3 (PORT3): A comprehensive analysis of the Web3 social data gateway

Port3 (PORT3) was launched on HotsCoin on January 11. Port3 (PORT3) is a Web3 social data gateway dedicated to providing support for Web3 dApps by aggregating off-chain and on-chain data. Its ecosystem includes three products: SoQuest, SoSignal and SoPush, which respectively provide Web3 task solutions, dashboards, social and market insights, and information and messaging tools. The report analyzes Port3’s basic information, key events, social data aggregation channels, data viewing, data applications, etc., as well as the project’s growth momentum, design features, core competitiveness and future plans. Currently, PORT3 is open for trading on HotsCoin.

Basic Information
Name: Port3 (PORT3)
Type: Web3 Social Data Gateway
Ecosystem: SoQuest, SoSignal, SoPush

key events
2023-02-02: Completed US$3 million in seed round financing

Background of the project
The Web3 world is booming in the exploration of data ownership, data analysis, data services and data revenue around identities on decentralized chains. The goal of Port3 is to build a decentralized reputation system and achieve social data aggregation and identity authentication. The project is based on the concept of SBT (Soulbound Token), which deeply binds user identity with tokens of a label nature, aiming to accelerate the transition of Web2 users to Web3.

Implementation ideas of Port3
Multi-dimensional aggregation of on-chain and off-chain data: Port3 builds a mechanism to extract standardized data from raw data by aggregating Web2 and Web3 data. This process provides basic data for labeling user identities, covering aspects such as identity, preferences and habits, social connections, etc., thereby realizing a secure and private Web3 identity system.

Building a decentralized Social Data Oracle: Port3 is committed to solving core issues such as data organization and connectivity, data rights attribution to users, and user privacy protection. Through the decentralized processing of social data, Port3 has created an open data layer service, realizing that data rights belong to users, and distributing benefits to data contributors through the incentive layer.

The three major modules of Port3
Social data aggregation channel (data collection): Using DAO Tools, Port3 aggregates community dynamics on instant messaging platforms such as Telegram and Discord, social media content trends such as Twitter, as well as real-time prices and transaction interactions on the chain. Through the Contribute to Earn method, users are encouraged to contribute data to obtain platform token income and governance rights.

SoGraph.xyz (data viewing): As a Port3 terminal page, SoGraph.xyz visually displays key information such as community trends, project activities, and market trends. Users and project parties can easily view Web3 development trends and complete various tasks through this platform.

Port3 protocol (data application): It is the foundation for Port3 to build an open collaborative data network and the core for realizing data service matching. After passing the privacy protection process, the data is uploaded to the Port3 data trading market. Readers pay Oracle tokens to obtain the data, and data providers receive token rewards, realizing decentralized exchange of data.

Market performance and prospects
SoQuest online performance: SoQuest has obtained 70+ partners, 61 events, 18,330+ user participation, 313,640+ Action operations, and 29,130 users connected to the wallet to log in, showing strong market performance.

Growth momentum: Port3 has shown strong growth momentum in the short term. It is designed with three core modules, corresponding to data collection, data viewing, and data application, to build a multi-channel social data aggregation platform.

Core Competencies: Compared with Web2 task system giant Gleam, Port3 realizes the seamless connection between Web2 and Web3, truly returns the ownership of data to users, allowing users to enjoy privacy protection and obtain benefits. Compared with the Quest platform in Web3, Port3 has a user base of millions of DAO Tools and has a wider range of data sources.

future plan
Fourth quarter of 2022: Launch of Social Data Oracle v1 version, enabling data sharing through oracle contracts, and releasing SDK to facilitate the use of partners.

Q1 2023: Expand on-chain Parser to Ethereum and other EVM-compatible chains, issue Soulbound NFT to tag users.

Second quarter of 2023: Upgrade the data analysis dashboard to display more data analysis results.

Third quarter of 2023: Explore more data application scenarios, such as transactions, IDO, DAO management, social platforms, etc.

in conclusion
With its unique design concept and powerful ecosystem, Port3 has become a strong competitor of Web3 social data gateway. Its three major modules of social data aggregation channels, data viewing and data application provide users and project parties with comprehensive data support and realize the organic connection between Web2 and Web3. In the future, as the project continues to expand and upgrade, Port3 is expected to become a social data gateway in the Web3 world, promoting Web2 users and data to accelerate their entry into Web3.