MetaMosaic - Building the Single Source of Truth (SSoT) with Reference Data for Cardano

[GENERAL] Name and surname of main applicant

Lynn Tsang

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co proposers and Additional applicants

• Tony Zhang - Co-founder
• Navy Tse - Co-founder & CEO
• Wade Deng - Co-founder & CTO

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will build a single source of truth for Cardano and an App Directory to help Cardano to track on-chain projects, and identify smart contracts, tokens and addresses, and their relationships.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

Because MetaMosaic is a data tool for community use, there are no smart contracts or assets involved. We don't open source because we want to protect our intellectual property and minimize potential security risks.

[SOLUTION] Please describe your proposed solution.

In the intricate world of cryptocurrency, establishing a trustworthy and robust foundation is essential. This is precisely where MetaMosaic comes into play.

Reference data is pivotal in categorizing, classifying, and labeling other data using powerful AI algorithms, ensuring accurate and consistent analysis. MetaMosaic's commitment to building a comprehensive repository of protocol-centric metadata, classifications, and relationship graphs with API and Explorer places it in a league of its own. 

1. The first Single Source of Truth for Web3 Meta Data (SSoT)
2. This SSoT provides detailed relationships between protocols, smart contracts, contracts deployers, contract creator wallets, related addresses, etc. to give a holistic view of a protocol. Metadata is the reference data for a protocol and DAO, similar to a corporate registry in the real world. It is one of the most underrated pieces of the Web3 data infrastructure. 
3. MetaMosaic analyzes on-chain protocol life-cycle activities and off-chain protocol information to put the puzzle back together.

As you can see in this picture, we divide the reference data into 3 categories, Metadata, Classifications, and Relation Graph, and from different objects, we can also divide them into Protocol, Contract, Token, Address, Entity, and NFT. From different objects, we can also divide into Protocol, Contract, Token, Address, Entity, NFT, etc. It is a huge and important system.

Based on this, you can build any Dapps. You can check the articles we wrote for more details.

In the intricate world of cryptocurrency, the establishment of a trustworthy and robust foundation is paramount. This is precisely where MetaMosaic takes center stage, serving as the ultimate Single Source of Truth (SSoT) for the entire crypto universe.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

• For the Dev community: Accelerate the development with ready-to-use developer tools
• Developers can use the free-to-use REST and SQL APIs(https://docs.footprint.network/reference/introduction) that cover Reference data, Chain data, and more to reduce the time and cost of building on Cardano.
• For users: Helping users learn about Cardano and improve trust and security
• Users can use the MetaMosaic with reference data covering protocols, contracts, developers, wallets, and relationship graphs of different address types as a reliable source of information for the Cardano and verify the contract's authenticity with reference data. Take the Ethereum chain as an example: Ethereum APP Directory, https://www.metamosaic.io/Ethereum/protocols  
• For Cardano: Help the ecosystem discover growth opportunities and find new contracts
• Use the MetaMosaic which combines structured data and reference data to identify new and potential projects.
• Track malicious protocols and wallets with money flow and reference data for compliance issues.
• Measurement of Impact:
• The number of active users and developers

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

MetaMosaic was built by Footprint Analytics. Footprint Analytics is the Web3 leading data platform and has almost 7,000 analysts and 700 developers using Footprint Analytics since we launched in 2021 August. 

Footprint has partnered with 400 clients to provide them with our data products or solutions, such as Sui, Polygon, Optimism, Animoca, Mocaverse, Double Jump(Oasys), Scopely, Xterio, and more, and got $4 million in funding in 2022 from Matrix Partners, IOSG, Redpoint, A&T Capital, Hash Global, Waterdrip Capital, Lancer Capital, NGC, Arkstream, Youbi, SevenX Ventures, Puzzle,  and other partners. 

And MetaMosaic is covering 5 chains now, and more chains are under development. And we are looking forward to contributing to Cardano as well.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Parse Chain raw structured data

• Time: 4 weeks
• Deliverables: 
• Structured data table: Cardano_transactions, Cardano_token_transfers, and more
• Cardano chain data analytics dashboard  
• Acceptance Criteria:
• Full historical data and incremental data with a minimum latency of T-1 day

Parse reference data

• Time: 4 weeks
• Deliverables: 
• Cardano reference data tables: protocol_info, contract_info, and more
• Cardano reference data APIs
• Acceptance criteria:
• 90% of protocols and contracts covered

App Directory & Chain Analytics with Reference Data

• Time: 4 weeks
• Deliverables: 
• Cardano App Directory (take Ethereum as an example https://metamosaic.io/Ethereum/protocols)
• Cardano Chain Analytics (take Ethereum as an example https://metamosaic.io/Ethereum)
• Acceptance criteria: 90% of protocols and contracts covered

[RESOURCES] Who is in the project team and what are their roles?

MetaMosaic has a team of 20+ full-time developers - 10 AI and Big Data, 4 Backend, 3 Frontend, 2 Analysts, and 2 + Ops.

• Tony Zhang - Co-founder - https://www.linkedin.com/in/tzhang88/ 
• Navy Tse - Co-founder & CEO - https://www.linkedin.com/in/navyxie/ 
• Wade Deng - Co-founder & CTO - https://www.linkedin.com/in/wade-deng-84bb8b6b/ 

The three co-founders, all with developer backgrounds, have been working together for 11 years, and the 10-person core team for 5~7 years. In the last 10+ years, our team has built applications with over 30 million users, and fintech applications including lending/trading/risk management/credit models.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

Milestone 1: Parse Chain raw structured data

Cost: 91,200 ADA

• DevOps Engineer - 20 hours - 4,800 ADA
• Big Data Engineer - 150 hours - 48,000 ADA
• Maintenance Costs - 12 months - 24,000 ADA(After 12 months, the cost will be paid by Footprint.)
• Storage and Computing - 12 months - 14,400 ADA(After 12 months, the cost will be paid by Footprint.)

Milestone 2: Parse reference data

Cost: 42,400 ADA

• DevOps Engineer - 6 hours - 1,600 ADA
• Big Data Engineer - 40 hours - 28,000 ADA
• Maintenance Costs - 12 months - 8,000 ADA(After 12 months, the cost will be paid by Footprint.)
• Storage and Computing - 12 months - 4,800 ADA(After 12 months, the cost will be paid by Footprint.)

Milestone 3: App Directory & Chain Analytics with Reference Data

Cost: 16,400 ADA

• Frontend Engineer - 10 hours - 2,400 ADA
• Backend Engineer - 6 hours - 5,200 ADA
• Maintenance Costs - 12 months - 4,800 ADA(After 12 months, the cost will be paid by MetaMosaic.)

Storage and Computing - 12 months - 4,000 ADA(After 12 months, the cost will be paid by MetaMosaic.)

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

• Human resources involvement: MetaMosaic is based in Singapore, where senior DevOps Engineer and Big Data Engineer with 3+ years of experience in Singapore work for $10,000 to $14,00
• Technical resources for data analysis and function development
• Data maintenance
• Community and technical support
• Node and server costs: Based on actual usage
• Purchase of node services
• Data storage
• Computing resources according to different data tables and metrics

[IMPORTANT NOTE] The Applicant agrees to Fund Rules and also that data in the submission form and other data provided by the project team during the course of the project will be publicly available.

I Accept