Inspect: 2023 Recap and Upcoming INSP Launch

5 min readDec 4, 2023

Since launching in 2021, Inspect has become the leading Web3 Social Intelligence platform.

Inspect was founded around the conviction of Twitter’s integral role in the crypto space. It birthed a tool designed to enrich the crypto community experience with deep, actionable insights into the NFT space. It has since evolved into becoming the first Layer 2 for X, serving the entire web3 space with not just deeper analytics and news aggregations, but also the ability to transact directly from the social platform.

To work towards becoming the premier Layer 2 solution for X, we have undertaken several key initiatives:

  • Broadening Horizons: We’ve expanded our scope beyond NFTs to encompass analytics for over 20,000 tokens.
  • Chain Expansion: Our platform now extends to three additional blockchain networks, connecting a wider array of NFT communities.
  • Partnership with Moonpay: This collaboration brings direct crypto onramps to Twitter, streamlining the crypto adoption process.
  • Information Hub: Inspect now includes more news and information aggregators, offering a holistic view of the Web3 world.
  • Wallet Analytics: Offering in-depth, real-time insights, this feature simplifies complex wallet data into clear, actionable information.

Our growth trajectory is a testament to the community’s acceptance and enthusiasm, with our user base expanding by 40% in just the past two months alone. This rapid growth reflects the increasing demand for integrated, user-friendly Web3 intelligence tools.

Platform Highlights: The Inspect Advantage

  1. Leading web3 intelligence tool

At the heart of Inspect is our renowned Web3 analytics tool, powered by INSP. It’s used by over 300,000 users, including more than 50,000 weekly active users on our browser extension. This tool provides deep insights and analytics, making it a useful asset for anyone navigating the Web3 ecosystem, from NFTs to tokens.

Our latest update to the browser extension enhances user experience by enabling seamless access to on-chain wallet data. This significantly simplifies analyzing and understanding wallet activities, offering users an intuitive and efficient way to gain insights into any user’s wallet within X.

2. Platform Interoperability & Agility

Our platform stands at the forefront of blockchain interconnectivity, having successfully integrated with major blockchains like Ethereum, Solana, Polygon, and Avalanche. Our mission is to act as a unifying force, bridging various ecosystems providing advanced insights, and empowering users with a holistic view of the different ecosystems from each chain.

3. Strategic Alliances: Forging the Future Together

Following our successful funding round, backed by leading investors and partners, Inspect is primed to drive innovation in the DeFi and Web3 spaces. Our collaborations, including industry leaders like the CEO of 9gag and Alex Becker, go beyond adding renowned names. They represent a fusion of expertise and innovation, positioning us uniquely to build insightful solutions and offer value.

For more information about Inspect’s investor and ecosystem partners, refer to this Tweet.

INSP Token and Inspect DAO

Today marks a pivotal moment in the journey of Inspect, as we decentralize our platform through our native utility and governance token, INSP.

The INSP token, central to the Inspect ecosystem, is not just a digital asset; it’s the embodiment of our commitment to a harmonized and decentralized governance structure. Designed to serve as both a utility token and a governance token, it empowers the Inspect community with voting rights, aligning user interests with the organization’s direction.

INSP has a total supply of 1,000,000,000 tokens with the following distribution:

Platform Governance
Token holders wield significant influence over the platform’s evolution, making pivotal decisions that shape its future. Beyond governance, INSP offers multifaceted utility, facilitating access to protocol functions, enabling the use of premium features, and driving community engagement through incentives. This versatile token is integral in ensuring that Inspect remains a user-centric, evolving platform.

Payment Functionality
The INSP token serves as a flexible payment option, offering potential cost savings for users and increasing demand as the platform grows. The Inspect Foundation benefits from using INSP tokens for treasury management, allowing for efficient business operations, reduced conversion fees, and minimized volatility risk. Additionally, the token is the primary currency in the engagement protocol, driving demand and creating a sustainable business model through commissions on facilitated campaigns.

Community Rewards
INSP will also play a crucial role in recognizing and rewarding dedicated supporters of our decentralized social network protocol as well as incentivizing new users to engage with its ecosystem applications.

What’s next?

The Inspect Foundation is dedicated to driving progress in the web3 space. Our goal is to innovate and grow, creating tools that simplify the crypto experience for both experts and beginners.

We are building a unified environment with our community’s support, aiming to expand and welcome new users. Our governance model emphasizes inclusivity and allows our community to guide Inspect’s direction through our DAO, strengthening our foundations.

We’re excited to reveal that INSP is officially launching on December 6th at 10am UTC, with launch partners to be announced on the 5th.

Follow us on X and turn notifications on to stay up-to-date, we are looking forward to welcoming all of you to the new era of Inspect!

About Inspect

As the first-ever Layer 2 solution for X (formerly Twitter) in the Web3 domain, Inspect is redefining social intelligence. Our platform is not just a tool; it’s a movement towards empowering users with control over their digital interactions and insights in the ever-evolving crypto landscape.

Access all official links here and join us on this exciting journey!

This announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.




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