As part of our commitment to the community in keeping Ocelot transparent, we wanted to provide an update to the status of Ocelot’s treasury allocations. Here are the most recent projects Ocelot has contributed toward since our last blog post + community call. If you’re interested in following our progress between updates, you can view links to trackers for funding + transactions, both on our website.
We at Ocelot are always striving to look for new and innovative ways to help push the Celo mission forward. This article will highlight what we envision as a new and cutting-edge roadmap for the future of Celo’s architecture.
Celo is a Layer-1 EVM-compatible Proof-of-Stake network. When it first launched, the most innovative technology being built on it were both Phone Identity system and Plumo. Let’s cover both and where they are today.
The Phone Identity System, let’s call it PIS for this article, uses a service run by validators to attest that a new user can tie their wallet address to their phone number. This is a very cool technology, because any new user who creates a wallet on a mobile application — like, say, Valora — would then tie their phone number to their address. This allows users to be able to send cryptocurrency between them using just each other’s phone number, making crypto more approachable for non-crypto-native users from a UX perspective.
We are Ocelot
we are for the wildcats
we are for the nocturnal dancers
with questions, plus answers
for those building brave technology
we are for the distribution of powers
for the people due their flowers
sinew between community and support
we connect the dots
shake up our spots
long live the Ocelots
It’s our pleasure to finally unveil Ocelot, which stands for the Original Celo Treasury.
Ocelot is a multisig collective with the express focus of innovating on the Celo ecosystem. We want to do it via alternative ways of growing an ecosystem to the models we see today, and achieve this mainly by focusing on 4 key target areas: