Lit Protocol powers decentralized access control, encryption, and compute for web3 applications. At Lit, we are working to simplify the user experience across the dWeb. Our goal is to build cryptographic solutions that uphold the promises of a user-owned web and empower individuals with true data sovereignty while delivering the frictionless experience we are used to within our legacy systems.
As 2022 draws to a close, so marks the end of our first official year in Web3!
We want to take a second to pause and reflect on the year at large, exploring some of our major milestones, areas where we think improvements can be made, and things to get excited for in the months ahead.
We would also like to take a second to recognize the invaluable contributions that have been made by our amazing community, you guys rock!! Without your constant support, feedback, and vision, none of what we are working on would hold any merit. From our team to each of you: thank you!
Now, without further ado, a look back at one year of Lit.
Decentralized Access Control Goes Live
In January, we announced our seed round and decentralized access control officially went live, enabling developers to add private data to their web3 apps. Lit Access Control Conditions can be harnessed to provision decryption keys to users that meet certain on-chain conditions, such as ownership of an NFT from a certain collection or membership within a DAO.
In March, we held our very first community call, giving us a chance to connect to countless builders in the space hoping to pioneer the adoption of the decentralized Web. We are looking forward to continuing this in the year ahead, as well as find other exciting ways to connect with all of you! To stay updated, subscribe to our calendar here.
Conversations and Keynotes
Talks and presentations from the year at large:
- Lit Protocol at LongHashX Demo Day - January '22
- The Road to Data Sovereignty: Lit at Eth Denver - February '22
- David and Chris on the Zima Red Podcast - May '22
- Token Gating and Data Ownership in Web3 - July '22
- Introducing the Future of Lit at Devcon - October '22
- Decentralizing Programmable Cloud Keys – November '22
Making Strides in Web3 Social
2022 was the year of decentralized social networking. We worked to bring private and permissioned data to several projects making innovations in the space of web3 social, empowering developers to create applications where users have greater control over their digital identity. Here were some of the highlights:
- Worked with Lens Protocol to support their gated publications feature through the Lens SDK.
- Partnered with Orbis to bring encrypted messaging and token-gated posts to the Orbis SDK.
- Integrated with Ceramic to bring encrypted data to their public-by-default storage network.
We are looking forward to continuing our work with these protocols and others in the year ahead!
We had the chance to co-sponsor several hackathons this year, looking to help support the next wave of innovation and development in web3. This gave us the chance to work with countless amazing teams building platforms and applications that will CHANGE THE WORLD! Take a look at some of the projects that got started at the various hackathons linked below:
- ETHGlobal x Lens LFGrow
- ETHGlobal x Protocol Labs HackFS
- ETHGlobal x Zora Metabolism Hackathon
- The Web3 Social Hackathon by Orbis — Submission Deadline: Saturday, 31st December 2022
- Encode Club x Livepeer Next Video Build — Submission Deadline: Sunday, 8th January 2023
University Outreach: Partnering with Student Groups
In April, we had the pleasure of connecting with the Oregon Blockchain Group, exploring use cases for programmable privacy within on-chain (and off) ecosystems. In 2023, we are looking to expand on our university outreach efforts, collaborating with student organizations to help further the adoption of distributed technologies through education.
In June, we announced the Lit Grants program. In the last six months, we have had the pleasure of working with some of the brightest folks in the space as we look to support those who are building Lit-enabled infrastructure and tooling that will make it easier for people to use and develop on the decentralized Web. We can’t wait to see what gets built in the new year!
Series A Funding Announcement
In September, we announced our Series A funding round led by 1kx. We are delighted to be backed by some of the most impactful companies and pioneers in the space, including 6th Man Ventures, Collab + Currency, Eniac Ventures, Figment, Filecoin, The LAO, Lattice, OpenSea, Balaji Srinivasan, Ryan Selkis, Baptiste Greve, and Stani Kulechov, among others.
Developer Preview: Programmable Cloud Wallets
Going alongside our Series A, we announced the future of Lit: Programmable Key Pairs and Lit Actions. These new product offerings are still very much in R&D and continuous developments should be expected on our path to mainnet.
Developing the Future of Lit: Ecosystem RFPs
In October, we unveiled our Ecosystem RFPs in an ongoing effort to work directly with our developer community as we continue to flesh out updates to the Lit network. Here, you will find a list of some of the projects that we are looking to fund through a Lit grant.
WalletConnect and Google OAuth
We have been working hard to add some new functionality to PKPs before the year-end. The first was adding support for Google OAuth, allowing users to mint a PKP with nothing but their Google account. Combining this with our new WalletConnect integration, users will now be able to use their PKP to connect to a wide host of supported dApps.
We closed out this year introducing Spark, a collaborative content hub created for people passionate about building a more democratic and decentralized Internet for all. Aside from being the new home of all content produced by Lit, Spark will also be an open space for developers to collaborate on research and content aimed at advancing the field of cryptography and blockchain technology. If you are interested in contributing, reach out!
Without a doubt, there have been some bumps along the road. Here are some of the things we are going to be focused on improving in the new year:
- Clearer Guidelines for Integration — we will continue to improve the clarity of our developer docs and creating intuitive “quick start” implementation guidelines for teams and individuals looking to build with our SDK.
2022 may be coming to an end, but we are just getting started 😎
Here are some of the current points of emphasis for the coming quarters:
Request for Startups — January ‘23
Building off of our Ecosystem RFPs, we will be releasing our Request For Startups beginning in January. These will be based off of some of the products we are most excited to see built and will provide teams with a chance to secure seed funding.
Release Wallet Interface for PKPs — January ‘23
In January, we will be releasing an interface for managing the assets in your cloud wallet. This will provide a home for viewing and sending your crypto and NFTs, “installing” dApps, and assigning arbitrary logic via Lit Actions. More on this coming soon…
Decentralizing the Network — Q1 ‘23
This will be a gradual process, beginning in the new year. We will start by distributing nodes to a whitelisted set of “trusted” operators. Eventually, the goal is for Lit to become fully permissionless, where anyone can spin up a node to help secure and run the network. We will be releasing more on what the decentralization of Lit Protocol will look like in the months ahead.
If you are interested in running a node, get in touch.
Content Push: Educational Courses and Bounty Programs — Q2 ‘23
Education will be a big priority for Lit in the year ahead. We hope to continue to utilize our partnerships with some of the most exciting web3 education platforms to push out technical guides, example implementations, and bounties, hoping to provide developers with the resources they need to get involved in the ecosystem!
Hackathons & Conferences — Q1-Q4 ‘23
The team will be at ETHDenver and most of the ETHGlobal Hackathons this upcoming year, as we look to continue to support the development of new projects. If you’ll be around, send us a message on Discord! We’d love meet and explore ways we can build together 🙂
Resources — build with Lit
If you’d like to start building atop Lit infrastructure or want to get started with an integration, check out our developer documentation. Here you will find an overview of Lit-enabled functionality and our different product offerings, as well as detailed code demos and additional example implementations and use cases.
If you are looking to get inspired, check out our Request for Ecosystem Proposals page. Here you will find a list project ideas that we are looking to fund through our Grants program. If you have an idea that you don’t seen on here, get in touch by applying for funding!
Once again, we’d like to extend a huge thank you to our amazing community of builders, ecosystem partners, investors, content creators, and everyone else who makes working in this industry so special. We wish everyone a safe and restful holiday season and happy new year, and cannot wait for what’s to come in the year ahead.
Until 2023 👋
The Lit Protocol Team