Introduction: Reimagining Web3 Security with Foolproof Labs and Build on Base Grant
At Foolproof Labs, we’re a dedicated development studio specializing in web3 native dapp development. Committed to advancing the web3 ecosystem through innovations in security, functionality, and accessibility, our core team sees grants as a vital component of our broader funding strategy. They serve not only as financial support but also as strategic partnerships that accelerate our mission.
[Learn more about our focus on grants as a key part of our funding model]
Today, we are particularly thrilled to discuss our application for the Build on Base Grant—a funding opportunity that aligns seamlessly with our ethos and technical focus. This grant round aims to support new protocols, tools, and infrastructure built on Base, with special emphasis on projects uniquely enabled by Base, new on-chain use cases in the crypto world, and improvements to existing L2 infrastructure. The criteria set forth by Base perfectly mirror our existing work and future aspirations.
Why Build on Base? A Perfect Synergy with Foolproof Labs
The Build on Base Grant is designed to support novel protocols, tools, and infrastructure, areas that are in perfect harmony with our primary goal of fortifying web3 security and streamlining asset management. This grant’s alignment with open-source, community-centric projects makes it a seamless fit for our mission and values at Foolproof Labs.
Our Vision: Unveiling Next-Gen Functionalities with Build on Base
With the backing of the Build on Base Grant, our plan is to augment our flagship technology, the Foolproof Token (FPT). Specifically, we aim to launch our “amped” functionality for more robust on-chain reputation management, and extend FPT’s compatibility to ERC1155 tokens. These upgrades will set new standards in digital asset safety and make decentralized internet more user-friendly.
How We Tick The Boxes: Meeting Build on Base Criteria
- Retroactive Funding: Our Foolproof Token is not just a whitepaper; it’s already deployed and in use, making us an ideal candidate for the grant’s focus on scaling existing projects.
- On-chain Integration: FPT is already live on Base’s testnet, demonstrating compatibility and easy integration with on-chain platforms.
- Open Source Commitment: True to the grant’s ethos, FPT is open-source, inviting the community to further innovate on its base.
Roadmap: What’s Ahead
- Q4, 2023: Finalize the “amped” functionality for holistic on-chain reputation management.
- Q1, 2024: Integrate ERC1155 token support into the Foolproof Token ecosystem.
- Q2, 2024: Deploy additional layers of security and community-suggested features for better user management.
How to Support Our Application: A Guide for Base Contributors NFT Holders
To show your support for our proposal, you’ll need to navigate to our specific proposal page on the Build on Base Grant voting portal. Here’s how:
- Directly access our proposal on the Build on Base Grant voting portal by clicking here.
- Confirm you’re on the Foolproof Labs proposal page.
- Click the “Vote” button.
- Follow the on-screen instructions to complete the voting process.
NB: Voting is only available to Base Contributors NFT holders. If you’re not eligible to vote, you can still help by sharing the link to our proposal.
How You Can Help: Amplify Our Mission
While only Base Contributors NFT holders can vote, your support is still invaluable. Sharing this blog post or the direct link to our proposal can go a long way in raising awareness and mobilizing support from eligible voters.
Here is the direct link to our proposal: https://prop.house/base/build-on-base/7230.