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The Community-Owned Dictionary for web3
Pentagraph recently teamed up with our pals at The New Computer Corporation to stress test a regenerative crypto-economic model for improving linguistic coordination in the web3 space. We’re calling it a warm-up project.
The CryptoLexicon invites anyone with a wallet to submit a web3 term and definition at CryptoLexicon.xyz. That term is then animated by our AI artist and inserted into a CryptoLexicon NFT card template. Here’s one from our partners at Raid Guild:
By submitting to the CryptoLexicon, you get your NFT complete with custom AI art, naming rights for your term (forever), a $CPLX token, and fractionalized ownership of + earnings from the burgeoning CryptoLexicon NFT Collection.
We just closed submissions for Season 1. Next, we’re inviting our community to select their favorite terms. If you want to weigh in, voting will be going down in our Discord later-this week. The top 26 selections get transformed into a 3D NFT Card and added to our collection.
With web3 projects, there’s the surface detail and a labyrinth of cyber-minutiae below. If max lore is what you’re here for, by all means descend into the CryptoLexicon…
Perhaps a definition is in order.
A Lexicon is the vocabulary of a person, language, or a branch of knowledge. Lexicons are basically a ledger populated by units of communication. The first-ever Lexicon was published in 1604. The ’Table Alphabeticall’ contained 3,000 words and was manually assembled by one man.
It would of course be a fool's errand to produce a whole dictionary single-handedly today. Just between 1998 and 2021, the number of new words accepted by the Oxford English Dictionary per year has quadrupled. The uptick is due in large part to technology; more specifically the spontaneous coining of new words on communications platforms. Many of the inbound candidates for the canon are portmanteaus, terms that combine the meaning of two discrete words. Like CryptoLexicon.
So we've got new languages being born every second and very few ways of tracking developments real-time.
If you’ve been hanging around web3, you may have clocked the pace of change. As always, vocabulary is along for the ride.
Language is a chimeric beast. Depending on the user’s intentions, it can be both a portal to increased understanding or a mimetic smokescreen, filtering out unwanted speakers.
There’s a great line in The Big Short: “Wall Street loves to use confusing terms to make you think only they can do what they do. Or even better, for you to leave them the fuck alone."
While I'm all for being left the fuck alone, when it comes to coordination and access, I'm for transparency.
We set out to create a decentralized solution for this dizzying expansion in vocabulary and dearth of documentation. The CryptoLexicon in its first incarnation, Season 1, is simple. Here's how you participate:
- Visit CryptoLexicon.xyz
- Click "Explore" to check out some submissions
- Hit "Submit"
- Connect your wallet
- Pick your term. It can be a concept, a company, a DAO, a DEX, or some deep ref only you and 3 friends use.
- Include a few key words (the more descriptive, the more our AI artist has to work with)
- Enter your definition. Remember this is a dictionary, not an encyclopedia.
- Submit. Note: This comes with a gas fee we worked (hard) to minimize. Inclusivity is important to us.
Returns on Submission
The CryptoLexicon is a positive-sum ecosystem for all participants. By submitting,
Your term is inscribed and recognized in the CryptoLexicon, forevermore.
You receive $CPLX, The CryptoLexicon's token (Season 2 unlocks.)
You enter into a fractionalized ownership pool with all other submitters, the most immediate benefit of which is sharing 20% of the CryptoLexicon's NFT Card Collection’s proceeds and 40% of the MasterLexicon NFT proceeds.
Your submission is rendered into a one-of-a-kind CryptoLexicon Submission Card containing an AI-generated artistic interpretation of the description you give your term. We’ll Tweet you when yours ready.
Here is an assortment of submission interpretations from our AI:
The CryptoLexicon is financed by the auction of a Limited-Edition NFT Card Collection and a Master Lexicon NFT.
Submissions are open for 7 days. At the end of the submission period, we're auctioning the best entries - decided by our community - as an NFT Card Collection.
20% of those auction proceeds go to winning definers; the rest goes to artists, the general definer pool, and Season 2.
To cap off Season 1, we are also auctioning a 1/1 Master Lexicon NFT on 2/2/2022. This gets split similarly, with an additional 20% going to Season 2.
Here’s what Season 1 looks like from above:
The NFT Card template and $CPLX token were designed by Cavan Infante.
The AI-driven generative art is powered by an algorithm built by The New Computer Corporation. Here’s NCC to elaborate:
Art for submissions is generated from your text description using a heavily stylized implementation of an AI image processing pipeline called VQGAN+CLIP. This is running on a server at our office in Hollywood, which is stuffed with GeForce graphics cards and a queuing system. We have baked in a series of style prompts for the AI, so that we have some overall visual consistency across all submissions. What the user submits is content direction, i.e. 'A Lamborghini on the moon". The output is a procedural machine-dream animation that's our computer doing its best to imagine what you've told it 😉
As we look to Season 2 and beyond, we're psyched for the unexpected ways that the CryptoLexicon evolves and the role community will play in shaping those dimensions. We're interested in accommodating new languages, live community voting, producing printed versions, and generally elevating modes of crypto-linguisto-graphical expression.
One tangible application is a partnership with Protein’s WTF Bot. Here's Protein to explain:
The WTF bot is a community-driven web3 glossary bot focused around accessibility to help those new to web3 understand the crazy jargon and terminology! We see a future in which the CryptoLexicon and WTF bot integrate to fill the database with web3 terminology and reward those adding to the bot with CryptoLexicon’s $CPLX token.
Ultimately our hope for Season 2 and beyond parallels our reasons for kicking the CryptoLexicon off in the first place: Improve communication in the web3 space and develop new crypto-economic models for publishing great work.
If you're interested in getting involved, jump into the Discord, #cryptolexicon.