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# System prepended metadata

title: Conceptualization of Data Analytics Subsystem

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# Conceptualization of Data Analytics Subsystem

### Information LandVault has provided 

- Brands = free of charge basic analytics with “Premium Subscription Model for Advanced Analytics”
    - Front end displaying virtual land data on current prices / other stats 
    - Price change over time, cost to build, how much is land worth (how will this be 			measured), insights into where its best to buy more land, etc.

- Investors = Premium subscription (or minimum token held in wallet) for advanced analytics - “Hot lands, forecasting, pricing, recommendations.”

- Creators = Approved / verified creator for buying NFT or holding token 

- "Measure ROI in the Metaverse"

- Dashboards, Reports, NFT Stats and Analytics, Token, Transaction Analytics, other insights

## Two Options

### Option 1: Decentralized Analytics Platform

- Data Analytics is integrated via API to display metrics and parameters on front-end
- Membership payment/authentication is done via smart-contract automation
- Users pay in stablecoin, $LVT token, ?

    - Advantages:
        - Additional potential revenue stream into LandVault DAO Treasury
        - Additional value flows within system
        - Data owned by users
        - Option to receive membership payment in FIAT, Stablecoin, Native token
            - Depending on Treasury Asset Allocation - membership fees could flow directly into DAO Treasury
    - Disadvantages
        - Requiries users have wallet and basic web3 knowledge
        - For service provider (LV), issuing new membership smart contract for each individual subscribers wallet = time and gas consuming
        - Limited exisiting information regarding this model 

### Option 2: Centralized Analytics Platform

- Follows traditional web2 subscription model
- Data is integrated via API to display metrics and parameters on front-end
- Users subscribe via LandVault Website
- Payment is done via third-party intermediary 

    - Advantages
        - ?
    
    - Disadvantages
        - Membership model would follow web2 non-decentrazlied practices - users don't own data

### LandVault Must Identify:

- What route they seek to take - Decentralized vs Centralized - **what makes sense relative to broader ecosystem and business goals/requirements?**
- Levels to analytics subscription 
    - From Initial Powerpoint Discussion
        - Brands = free of charge basic subscription
        - Investors = premium subscription (or minimum tokens held in wallet) for advanced analytics
        - Creators = approved/verified creator for buying NFT  

- **Q: Will this be an entity of LandVault as a company or specifically in the protocol?**

- Q: Creator membership to market skills or will this take the form of transaction fees for lsiting labor in marketplace?
    - I.e. Creators pay a membership fee to market skills...? What does the Creator membership look like?

- Where data will come from and how it will be implemented into the system 

- What periods of time they will offer subscriptions?

- The different metrics / parameters that will be involed in each subscription tier

- What the membership fees will cost and where collected membership fees will flow to 

- Regardless of chosen model (decentralized vs centralized) how and where the user data will be stored

- Network effects - need to find a way for people to use service - why do they want to use your analytics service vs another (i.e. IQ Protocol)
    - Maybe where incentives come in


### Ideas / Notable

- Idea: Section of Analytics System to all users describing metrics of LV Ecosystem - i.e. total volume traded, efforts, creators, ec.
    - Good way to motivate/show creators the potential for their contributions


### Questions for TELabs

- Q: Can either model be used strategically in flow of assets? (i.e. requiring users to 			subscribe with native token?

- Q: Are there advantages to charging membership in FIAT/Stablecoins vs requiring subscription in $LV (native coin)
    - Can this model be used strategically in flow of assets? (i.e. requiring users of this subsystem to subscribe via native token)

- Q: How is the susbcription handled in a decentralized system? i.e. timed-contracts?
    - See Articles below on EIP1337 & EIP4885
        - Relevant when technical requirement conversation is started

- Q: Does the addition of this subsystem, potentially add a new role into the system "Analytics User" - one who only utilizes LV ecosystem for Analytics?



### Articles / Sources

This compilation of articles references different Ethereum proposals relative to subscription models on the blockchain. EIP1337 is currently a stagnant proposal, and EIP4885 is listed as "Draft" status on EIPS. However, they will provide us with a good understanding of the logic when diving deeper into this sub-system.

* https://media.consensys.net/subscription-services-on-the-blockchain-are-here-a6b6a097dd4

https://eips.ethereum.org/EIPS/eip-1337

- EIP-1337 (Stagnant Proposal) - but good point of reference to understand logic 

	-> https://github.com/austintgriffith/token-subscription

https://eips.ethereum.org/EIPS/eip-4885

- EIP4885 (Draft) - Subscription Token Standard for NFTs + Multi Tokens

https://medium.com/gitcoin/technical-deep-dive-architecture-choices-for-subscriptions-on-the-blockchain-erc948-5fae89cabc7a

https://kermankohli.medium.com/say-hello-to-subscription-payments-on-ethereum-f1c9b5322892










