Please describe your proposed solution.
Provide token gating as-a-service to NMKR with a partner API library. Each NMKR campaign will feature a new Functionality menu where on-page utility can be designed without code, for any website.
There is an existing app created from a prior Catalyst funding round, that provides token-gating as a service and at the time of this writing, can create token-gated videos, video playlists, live streams, QR codes, discount codes (plaintext) and automatic redirection as gate functionality, without the user needing to know how to code or possess advanced blockchain knowledge.
This proposal suggests creating an open-source API library that services users of third-party apps like NMKR, and to build an interface within NMKR for token-gating options. A native integration between a minting service and a utility service makes the most sense from an onboarding perspective; project creators and entrepreneurs new to blockchain will visit NMKR to design a token, and seamlessly apply their desired on-page functionality to the minting campaign.
The functionality can be changed at any time, and will work on any website. This is ideal because a creator will want to have a website with a minting campaign embedded, as well as the utility, so that users only need to visit the creator’s website to purchase and use the token.
We seriously hope that as advancements like this integration continue to launch, Cardano gets closer to providing the web2 business world with realistic options for taking advantage of the unique benefits of blockchain in their daily business. With the work outlined in this proposal, specifically, we hope to engage real-world filmmakers, performers and other video-based content creators to engage with Cardano for the first time, and monetize their profession.
This is a unique solution that, aside from website design, eliminates the tech barrier for potential new creators to create NFTs, sell NFTs, and now provide on-page functionality for those NFTs, all without the need to pay a developer team and all in one workflow. The intent is to reinvigorate favorite CNFT projects of the past, empower existing projects with an evergreen engagement solution, and provide an onboarding mechanism for the web2 business world.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The intent of this proposal is to take code-as-a-service to the next level for Cardano, in the hopes that this is the path to mainstream business adoption. A functionality integration with NMKR closes the loop in the NFT project life cycle; all that is needed is a website to copy/paste the universal script where token functionality is desired.
We are hoping to see many creative uses for this project by business owners who are completely new to blockchain and we particularly have the features that would attract filmmakers, performers, and event companies. NFTs with an image can only benefit a real-world company so much, and it is often too much trouble to pay a developer team for a proprietary solution. The ease of use this project brings into the process should attract entirely new audiences of entrepreneurs to Cardano, knowing that it is possible to monetize content through NFTs without needing coding knowledge through the entire process.
How do you intend to measure the success of your project?
The KPIs that we will want to track post launch are:
- NFT Projects with an active token gate
- Unique NMKR users with at least one token gate
- Monthly aggregate gates fired
- Percent increase in NMKR project and account creation, comparing same month prior calendar year, and month-over-month.
We hope that this project will impact Cardano at large in the following ways:
- More new investor/consumers buying NFTs for the first time
- New creators, performers, entrepreneurs starting CNFT projects
- More mainstream exposure of Cardano through this web3/web2 bridge
Please describe your plans to share the outputs and results of your project?
Development updates will be posted in detail on a blog and shared on social media, as well as monthly and milestone reporting for Catalyst. Once certain functional deliverables are working, prototype demonstrations will be added to YouTube. As usual, when NMKR adds a new feature they will release an introduction to it. The author will create a series of how-to videos so all non-technical creators can take advantage of the feature with the least amount of friction.