❗The Problem

Despite the growth of DeFi, the tools available for creators, influencers, Web3 employees, and businesses to handle invoicing and payments are still inefficient and mostly centralized. These platforms come with challenges such as:

• Data Storage: Centralized platforms often store user data, which can be a concern.

• Cumbersome Processes: Manual handling of payment links and invoices leads to errors, delays, and potential issues.

• High Platform Fees: Many services charge significant fees, cutting into the earnings of creators and businesses.

• Limited Customization: Existing tools don’t offer much flexibility, making it hard for users to adapt them to their needs.

Examples:

• Independent Creators: A digital artist might use traditional invoicing tools that require manual steps, leading to mistakes and added time when managing client payments.

• Web3 Consultants: A consultant working with different clients needs a more streamlined way to share payment links and invoices without added hassle.

• Web3 Employees: Employees often need to manually download a Google Sheet, input data for the current month, re-upload it, and email it to their company or client. This process is time-consuming and inefficient. With subLok, we’re set to change that, starting with V1.

Without a solution like subLok, users face these challenges that contradict the core values of Web3—efficiency, user control, and simplicity.